Roundhill Investments - S&P 500 No Dividend Target ETF
$31.82+0.03 (+0.09%)
- 0.20%
- $101M
- +20.2%
- 0M sh
- $31.82
- low $25.62high $31.98
The ETF.net XDIV Grade
D
Score 39 out of 100
- 13 of 14
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F20 out of 100Rank 10 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 11 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 12 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 12 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D28 out of 100Rank 14 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F18 out of 100Rank 12 of 14
Our read on XDIV
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.
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
- The 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
- No 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
- Launched 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
- The 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
- Zero 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
- It trades lightly next to the S&P 500 giants, so spreads can be wider and limit orders matter more.
XDIV Holdings
- Stocks
- 2
- 100%
- SPYM
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
Geography
- United States100.00%
XDIV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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XDIV$12,023
Returns run to the Oct 12, 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.
| Period | XDIV |
|---|---|
| Year to date | +14.5% |
| 1 month | +1.9% |
| 3 months | +3.4% |
| 1 year | +20.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XDIV |
|---|---|---|
| 2026 YTD | +14.5% | |
| 2025 | +9.9% |
XDIV in the news
XDIV Dividends
No distributions in the last 12 months.
XDIV Risk
- 12.0%
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.
- 1.21
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.
- −9.2%
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.
- 0.97
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
0.20%
XDIV0.20%
- The middle half of S&P 500 funds
- Median 0.09%
10 of the 14 S&P 500 funds charge less.
Other funds in S&P 500
- BTOPCiShares S&P 500 3% Capped ETFExpense ratio 0.15%1 year return +19.8%
- BSPXDDBX ETF Trust - Xtrackers S&P 500 Diversified Sector Weight ETFExpense ratio 0.09%1 year return +19.3%
- BSPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETFExpense ratio 0.20%1 year return +19.5%
- CSSPYStratified LargeCap Index ETFExpense ratio 0.45%1 year return +18.0%
- CEGLEGlobal X - S&P 500 U.S. Revenue Leaders ETFExpense ratio 0.19%1 year return +15.2%