XBOX ETF — Roundhill Ultra Short Duration No Dividend Target ETF

Roundhill Ultra Short Duration No Dividend Target ETF (XBOX)

Updated October 2, 2026.

XBOX is a low-cost ETF that tracks the Box spreads on S&P 500 index options. its expense ratio is 0.1449%. Total return is 2.3% over the past 0.5 years, 15.3 points behind SPY at 17.6%.

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

Price and return data through 2026-10-02.

Total return is 2.3% over the past 0.5 years, 15.3 points behind SPY at 17.6%.

XBOX key facts

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

03/18/2026

Expense ratio

0.1449%

Distribution frequency

None

Last close

$101.15 (as of 2026-10-02)

AUM

$287,009,255

Average volume

41600.0

Beta

0.012

P/E ratio

24.8176

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Roundhill Investments or company 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

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 does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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