XBOX ETF — Roundhill Ultra Short Duration No Dividend Target ETF

Roundhill Ultra Short Duration No Dividend Target ETF (XBOX)

XBOX is a low-cost ETF that tracks the Box spreads on S&P 500 index options. As of August 19, 2026, its distribution rate is 20.00%, its expense ratio is 0.14%. Fund total return is 1.7% over the past 0.4 years, 15.2 points behind SPY at 16.9%.

At the current 20.00% distribution rate, a $10,000 investment would generate approximately $2,000 per year, or $166.67 per month on an equivalent basis. Actual none payments vary.

Roundhill Ultra Short Duration No Dividend Target ETF is an actively managed fund employing box spreads—synthetic long and short positions in S&P 500 index options—to generate returns while maintaining an ultra-short duration profile aligned with fixed income characteristics. The fund carries a low expense ratio and does not currently distribute income to shareholders. It appeals to investors seeking non-traditional fixed income exposure with tax efficiency and a focus on principal preservation rather than yield.

XBOX performance versus SPY

Data as of August 19, 2026.

Fund total return is 1.7% over the past 0.4 years, 15.2 points behind SPY at 16.9%.

XBOX key facts

Data as of August 19, 2026.

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

03/18/2026

Expense ratio

0.14%

Distribution rate

20.00%

Distribution frequency

None

30-day SEC yield

0.00%

Last close

$100.59

AUM

$296,922,009

Average volume

53084.0

P/E ratio

25.2624

How Dividend Vision calculates yield and returns

Distribution rate (20.00%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.00%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Roundhill Investments fund page; Index: Box spreads on S&P 500 index options; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

XBOX risks and drawbacks

Payments are none, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider XBOX — and who may not

XBOX may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (XBOX pays none); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Roundhill Investments.