XDIV vs. XDTE

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. XDIV charges 0.09%/yr vs 0.97%/yr for XDTE.

Performance

XDIV vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 10.63% return, which is significantly higher than XDTE's 8.83% return.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	9.84%

Correlation

The correlation between XDIV and XDTE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.94

XDIV vs. XDTE - Sectors Allocation Comparison

Sectors	XDIV	XDTE
Technology	36.2%	35.6%
Financial Services	11.9%	11.8%
Communication Services	10.9%	11.2%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.5%
Industrials	8.1%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

XDIV vs. XDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDIV vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XDIV	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.25	+0.73

Drawdowns

XDIV vs. XDTE - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for XDIV and XDTE.

Drawdown Indicators

	XDIV	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-19.09%	+9.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.68%	—
Current Drawdown Current decline from peak	-0.67%	-0.66%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.20%	-2.32%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	XDIV	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	10.99%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	13.85%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	13.85%	-1.54%

XDIV vs. XDTE - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

XDIV vs. XDTE - Dividend Comparison

XDIV has not paid dividends to shareholders, while XDTE's dividend yield for the trailing twelve months is around 33.00%.

Position	TTM	2025	2024
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDIV and XDTE in my portfolio?

With a correlation of 0.94, XDIV and XDTE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XDIV or XDTE?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or XDTE?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.97% for XDTE.

Which ETF pays a higher dividend yield, XDIV or XDTE?

XDTE has the higher dividend yield at 33.00%, compared with 0.00% for XDIV.

What is the main difference between XDIV and XDTE?

XDIV is categorized as S&P 500, while XDTE is Derivative Income. Their fees differ too: 0.09% for XDIV and 0.97% for XDTE.