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Launched · SEC filings

Roundhill S&P 500 No Dividend Target ETF

XDIVCboeRoundhill InvestmentsC

$30.79−0.14 (−0.44%)

As of Nov 2, 2026, 3:54 PM ET

C51/ 100

Rank 11 of 14 in S&P 500

C51/100Rank 11 of 14inS&P 500
Intraday session: down, 76 prints from 30.92 to 30.79. Range 30.79 to 31.16. Use the arrow keys to read each point.31.0031.1010 AM12 PM2 PM4 PM
Expense ratio
0.08%*
Fund size
$100M
1Y total return
+11.9%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
26.4K sh
52W range
low $25.62high $31.98
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 1, 2027. Without it: 0.20%.

The ETF.net XDIV Grade

C

Score 51 out of 100

Category
S&P 500⁠
Rank
11 of 14
Six-pillar profile for XDIV. Scores out of 100: Cost 62, Risk 35, Mission 80, Tradability 27, Holdings 28, Durability 17. Strongest: Mission (80). Weakest: Durability (17). Leans toward Mission.

Score 51 of 100 falls in the C 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.
    B62 out of 100
    Rank 6 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 11 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 13 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 11 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 14 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F17 out of 100
    Rank 12 of 14

Our read on XDIV

ETF.net Research

In short

CAn S&P 500 fund designed to pay you nothing. It holds the big index ETFs and sells each before its ex-dividend date, chasing the index's total return with no cash distributions.

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

  • Targets the S&P 500's total return before fees while aiming to pay no dividends or distributions, so gains ride in the share price instead of landing as income.roundhillinvestments.com
  • No swaps or options. It just owns big S&P 500 trackers like IVV, VOO and SPY, stepping out of each one before its ex-dividend date.roundhillinvestments.com
  • Costs 0.08% net of a waiver through May 1, 2027 (0.20% gross), near the category median and above core trackers IVV and VOO at 0.03%.

Worth knowing

  • The prospectus is blunt: no guarantee it matches the index's total return or avoids every distribution. Rotating around ex-dividend dates can open tracking gaps.roundhillinvestments.com
  • Filings flag ex-dividend tax risk: if the IRS deems the fund owed dividend income it skipped, it may owe a deficiency dividend plus interest to keep its fund tax status.roundhillinvestments.com
  • Launched in 2025 and still small, it trades less actively than the giant core S&P 500 ETFs, which usually means wider spreads.

XDIV Holdings

Holdings pillarD28 out of 100Rank 14 of 14 in S&P 500
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
SPYM99.9%

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 States99.54%
  • Switzerland0.25%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SPYMState Street SPDR Portfolio S&P 500 ETF99.92%1,124,239$100M27
2No dataCash & Other0.08%75,270$75.3K609

Showing 1–2 of 2 holdings

XDIV Performance

Launched Jul 10, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
XDIV$11,191
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XDIV $11,191. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+11.4%
1 month−0.9%
3 months+1.4%
1 year+11.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+11.4%
2025+9.9%

Since listing, Jul 10, 2025

XDIV in the news

XDIV Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

XDIV Risk

Risk pillarD35 out of 100Rank 13 of 14 in S&P 500
How much the fund’s monthly returns vary, scaled to a year.
11.7%
Annualised · 15 months to Oct 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.
1.06
vs 3-month T-bills · 15 months to Oct 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%
15 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.

FMP measures it over up to five years of monthly returns.

XDIV Cost

Compare XDIV and SPYM

Overpaying vs SPYM, cheapest in S&P 500

$1,263

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XDIV 0.08%

    $1,689

  • SPYM 0.02% Cheapest

    $426

$10,000
30 years

Cost over time

  • XDIV 0.08%
  • SPYM 0.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K051015202530XDIV $1,689SPYM $426

Year by year

YearXDIVSPYMOverpaying
10$147$37$110
20$575$144$431
30$1,689$426$1,263
How the 0.08% is worked out

Full fee 0.20%− waiver 0.12%= you pay 0.08%

The waiver ends May 1, 2027. After that the fee is 0.20% unless Roundhill Investments renews it. Source: prospectus, Apr 2026.

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