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XOVR vs. RFDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XOVR vs. RFDA

Last updated Aug 4, 2026
Documentation

XOVR (ERShares Private-Public Crossover ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, XOVR returned 3.37%/yr vs 13.00%/yr for RFDA. Their 0.71 correlation means they have sometimes moved together and sometimes differently. XOVR charges 0.75%/yr vs 0.52%/yr for RFDA.

Performance

XOVR vs. RFDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ERShares Private-Public Crossover ETF (XOVR) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XOVR achieves a -4.47% return, which is significantly lower than RFDA's 15.03% return.

XOVR

1D
3.44%
1M
-8.38%
6M
4.57%
YTD
-4.47%
1Y
-0.88%
3Y*
16.81%
5Y*
3.37%
10Y*
—
ALL TIME*
9.77%

RFDA

1D
0.78%
1M
2.46%
6M
12.74%
YTD
15.03%
1Y
27.34%
3Y*
19.02%
5Y*
13.00%
10Y*
13.34%
ALL TIME*
13.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

RFDA

RiverFront Dynamic US Dividend Advantage ETF
$108.91K$106.06K$119.38K

XOVR

ERShares Private-Public Crossover ETF
$32.19M$37.02M$109.67M

XOVR vs. RFDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XOVR
ERShares Private-Public Crossover ETF		-4.47%11.83%33.21%51.89%-41.09%-7.24%50.39%31.72%-5.02%1.54%
RFDA
RiverFront Dynamic US Dividend Advantage ETF		15.03%16.42%20.12%16.98%-8.58%25.94%11.26%27.15%-9.27%4.11%

Correlation

The correlation between XOVR and RFDA is 0.49, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.49

Correlation (3Y)
Balances recent behavior with more history.

0.69

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.71

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2017

0.71

Over the past year, the correlation between XOVR and RFDA has dropped to 0.49 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

XOVR vs. RFDA - Sectors Allocation Comparison

Sectors
XOVR
RFDA

Technology

34.5%
15.4%

Communication Services

24.2%
6.2%

Healthcare

18.5%
12.2%

Financial Services

9.9%
18.8%

Consumer Cyclical

6.7%
8.1%

Industrials

6.2%
9.3%

Energy

3.1%
11.1%

Basic Materials

-

1.8%

Consumer Defensive

-

7.1%

Real Estate

-

5.1%

Utilities

-

4.9%

Technology

XOVR
34.5%
RFDA
15.4%

Communication Services

XOVR
24.2%
RFDA
6.2%

Healthcare

XOVR
18.5%
RFDA
12.2%

Financial Services

XOVR
9.9%
RFDA
18.8%

Consumer Cyclical

XOVR
6.7%
RFDA
8.1%

Industrials

XOVR
6.2%
RFDA
9.3%

Energy

XOVR
3.1%
RFDA
11.1%

Basic Materials

XOVR

-

RFDA
1.8%

Consumer Defensive

XOVR

-

RFDA
7.1%

Real Estate

XOVR

-

RFDA
5.1%

Utilities

XOVR

-

RFDA
4.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ERShares Private-Public Crossover ETF

RiverFront Dynamic US Dividend Advantage ETF

Often compared with XOVR:
XOVR vs. QQQXOVR vs. ARKVXXOVR vs. VOOXOVR vs. ARKXXOVR vs. DXYZXOVR vs. SPYXOVR vs. ARKK
Often compared with RFDA:
RFDA vs. DGRORFDA vs. DIVBRFDA vs. BWXRFDA vs. AGGRFDA vs. SCHDRFDA vs. HYGRFDA vs. IAU

Return for Risk

XOVR vs. RFDA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XOVR
XOVR Risk / Return Rank: 1111
Overall Rank
XOVR Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
XOVR Sortino Ratio Rank: 1111
Sortino Ratio Rank
XOVR Omega Ratio Rank: 1111
Omega Ratio Rank
XOVR Calmar Ratio Rank: 1111
Calmar Ratio Rank
XOVR Martin Ratio Rank: 1111
Martin Ratio Rank
RFDA
RFDA Risk / Return Rank: 9191
Overall Rank
RFDA Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
RFDA Sortino Ratio Rank: 8989
Sortino Ratio Rank
RFDA Omega Ratio Rank: 9090
Omega Ratio Rank
RFDA Calmar Ratio Rank: 9494
Calmar Ratio Rank
RFDA Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOVR vs. RFDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XOVRRFDADifference
Sharpe ratioReturn per unit of total volatility
-0.04
2.36

-2.40

Sortino ratioReturn per unit of downside risk
0.11
3.23

-3.12

Omega ratioGain probability vs. loss probability

1.01

1.43

-0.42

Calmar ratioReturn relative to maximum drawdown

-0.04

5.04

-5.08

Martin ratioReturn relative to average drawdown

-0.08

18.04

-18.11

XOVR vs. RFDA - Sharpe Ratio Comparison

The current XOVR Sharpe Ratio is -0.04, which is lower than the RFDA Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of XOVR and RFDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XOVR vs. RFDA - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, which is greater than RFDA's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for XOVR and RFDA.

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Drawdown Indicators

XOVRRFDADifference

Max Drawdown

Largest peak-to-trough decline

-56.28%

-34.60%

-21.68%

Max Drawdown (1Y)

Largest decline over 1 year

-24.32%

-5.45%

-18.87%

Max Drawdown (3Y)

Largest decline over 3 years

-25.23%

-19.35%

-5.88%

Max Drawdown (5Y)

Largest decline over 5 years

-49.35%

-19.35%

-30.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.60%

—

Current Drawdown

Current decline from peak

-11.38%

-0.06%

-11.32%

Average Drawdown

Average peak-to-trough decline

-18.21%

-3.70%

-14.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.53%

1.52%

+10.01%

Volatility

XOVR vs. RFDA - Volatility Comparison

ERShares Private-Public Crossover ETF (XOVR) has a higher volatility of 7.84% compared to RiverFront Dynamic US Dividend Advantage ETF (RFDA) at 2.90%. This indicates that XOVR's price experiences larger fluctuations and is considered to be riskier than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XOVRRFDADifference

Volatility (1M)

Calculated over the trailing 1-month period

7.84%

2.90%

+4.94%

Volatility (6M)

Calculated over the trailing 6-month period

19.11%

8.68%

+10.43%

Volatility (1Y)

Calculated over the trailing 1-year period

23.67%

11.67%

+12.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.68%

15.73%

+10.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.03%

16.84%

+10.19%

XOVR vs. RFDA - Expense Ratio Comparison

XOVR has a 0.75% expense ratio, which is higher than RFDA's 0.52% expense ratio.

Dividends

XOVR vs. RFDA - Dividend Comparison

XOVR has not paid dividends to shareholders, while RFDA's dividend yield for the trailing twelve months is around 1.76%.

PositionTTM2025202420232022202120202019201820172016
RFDA
RiverFront Dynamic US Dividend Advantage ETF		1.76%1.89%2.23%2.68%3.57%1.44%1.62%1.87%2.44%1.90%0.98%
XOVR
ERShares Private-Public Crossover ETF		0.00%0.00%0.00%0.00%0.00%57.75%6.31%0.08%3.71%0.08%0.00%

Frequently Asked Questions

XOVR and RFDA have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XOVR has higher volatility (7.84%) compared to RFDA (2.90%). In terms of maximum drawdown, XOVR dropped -56.28% vs RFDA's -34.60%.

On 5-year performance, RFDA leads with 13.00% vs 3.37% for XOVR. On fees, RFDA is cheaper at 0.52% per year. On volatility, RFDA has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, RFDA has performed better with a 13.00% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RFDA is cheaper with a 0.52% expense ratio, compared with 0.75% for XOVR.

RFDA has the higher dividend yield at 1.76%, compared with 0.00% for XOVR.

They also come from different issuers: ERShares and SS&C. Their fees differ too: 0.75% for XOVR and 0.52% for RFDA.

RFDA currently has the higher Sharpe Ratio (2.36 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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