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XDIV

GradeDChicago Board Options Exchange

Roundhill Investments - S&P 500 No Dividend Target ETF

Major Indexes · Roundhill Investments · Inception 2025-07-10 · SEC filings

$31.41−0.21 (−0.66%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Jul 10, 2025.
Intraday session: down, 21 prints from 31.62 to 31.41. Range 31.34 to 31.62. Use the arrow keys to read each point.$31.50$31.6010 AM12 PM2 PM4 PM
Expense ratio
0.21%
Fund size
$91M
1Y return
+17.1%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$31.61
52W range
low $25.62high $31.76

The ETF.net XDIV Grade

D

36/ 100

Rank 13 of 14 in S&P 500⁠

Confidence High

Six-pillar profile for XDIV. Scores out of 100: Cost 9, Risk 39, Mission 80, Tradability 28, Holdings 28, Durability 17. Strongest: Mission (80). Weakest: Cost (9). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 9
    Category rank13/14 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 80
    Category rank11/13 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank12/13 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 28
    Category rank11/14 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank14/14 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 17
    Category rank12/14 · bottom quartile

Graded as of Sep 22, 2026

Our read on XDIV

ETF.net Research

DEvery other S&P 500 fund pays you dividends. XDIV is built not to: it holds mainstream S&P 500 ETFs and steps out before each ex-dividend date, so index return is meant to land in the share price instead of a payout.

Stated mandate

The fund seeks to deliver the S&P 500 Index’s total return before fees and expenses while avoiding dividend or other distribution payments.

Why people hold it

  1. 01The whole design is one repeated move: own S&P 500 ETFs, sell before the ex-dividend date, buy back after. Index exposure, no distribution hitting your account.sec.gov
  2. 02No swaps, no synthetic wrapper. At least 80% of net assets sit in S&P 500 exposure, mostly big mainstream S&P 500 index ETFs.sec.gov
  3. 03Launched July 2025, and Roundhill bills it as the first US ETF designed to target zero distributions of any kind, income or capital gains.prnewswire.comsec.gov

Worth knowing

  1. 01The listed fee is 0.21%, currently cut by a contractual waiver with an end date. Plain S&P 500 trackers like VOO and IVV charge 0.03%.prnewswire.com
  2. 02Zero payouts is the target, not a promise. The prospectus says there is no guarantee the fund avoids distributions or matches the index's total return.sec.govroundhillinvestments.com
  3. 03It trades lightly next to the S&P 500 giants, so spreads can be wider and limit orders matter more.

XDIV Holdings

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
VOO100.0%

Sectors

  • Technology38.5%
  • Financials12.1%
  • Communication9.6%
  • Consumer Discr.9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Cons. Staples4.5%
  • Energy3.4%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001VOOVanguard S&P 500 ETF100.00%127,734$90M57
002—Cash & Other<0.01%2,956$3K674

Showing 1–2 of 2 holdings

XDIV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XDIV$11,711
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XDIV $11,711. SPY $11,723. Use the arrow keys to read each point.$9,335$10,638$11,941Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XDIV. Periods over one year show the average yearly return.
PeriodXDIV
Year to date+13.9%
1 month+1.2%
3 months+4.0%
1 year+17.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XDIV
YearReturn barXDIV
2026 YTD+13.9%
2025+9.9%

Since listing, Jul 10, 2025

XDIV in the news

ETF.net Research hasn’t filed on XDIV yet — coverage lands here as it’s written.

XDIV Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

XDIV Risk

How much the fund’s monthly returns vary, scaled to a year.
12.3%
Annualised · 13 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.30
vs 3-month T-bills · 13 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.2%
14 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.97
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XDIV Cost

Expense ratio0.21%
  • The middle half of S&P 500 funds
  • Median 0.09%

12 of the 14 S&P 500 funds charge less.

XDIV costs $21.00 a year on $10,000. The median S&P 500 fund costs $9.00.