# Roundhill Box Spread ETF (XBOX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/xbox for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Roundhill Investments · Asset class: Equity - Strategy: — · Inception: 2026-03-18 XBOX uses a market-neutral options strategy built around box spreads, which combines synthetic long and short positions to create a defined payoff at expiration. These positions are constructed using exchange-listed options, typically on broad equity ETFs or indices, and are designed to lock in a fixed return based on the difference between strike prices. The portfolio holds multiple box spreads with maturities generally ranging from one to six months, with positions added, rolled, or replaced over time to reflect changing market conditions and implied rates. Because the long and short comp... ## Key Facts | Metric | Value | |---|---| | Price | $101.44 | | Expense Ratio | 0.19% | | Assets Under Management | $356.2M | | NAV | $101.50 | | Holdings Count | 6 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $98.51 – $101.50 | | Beta | 0.04 | ## Frequently Asked Questions ### What does XBOX invest in? XBOX uses a market-neutral options strategy built around box spreads, which combines synthetic long and short positions to create a defined payoff at expiration. These positions are constructed using exchange-listed options, typically on broad equity ETFs or indices, and are designed to lock in a fixed return based on the difference between strike prices. The portfolio holds multiple box spreads with maturities generally ranging from one to six months, with positions added, rolled, or replaced over time to reflect changing market conditions and implied rates. Because the long and short components offset each other, returns are largely independent of equity market direction and instead reflect prevailing short-term financing conditions and pricing in options markets. Collateral may be held in cash, cash equivalents, or US government securities, and the strategy is managed with the intention of avoiding regular income distributions. ### What is the expense ratio of XBOX? Roundhill Box Spread ETF (XBOX) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is XBOX? Roundhill Box Spread ETF (XBOX) manages $356.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is XBOX actively managed or an index fund? XBOX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was XBOX launched? Roundhill Box Spread ETF (XBOX) launched in March 2026 and is managed by Roundhill Investments. ### How has XBOX performed? XBOX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does XBOX pay a dividend? Roundhill Box Spread ETF (XBOX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does XBOX pay dividends? Roundhill Box Spread ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is XBOX's dividend yield? XBOX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is XBOX's next ex-dividend date? XBOX hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will XBOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does XBOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from XBOX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does XBOX cost more than a fund like VOO? XBOX's strategy (current expense ratio 0.19%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where XBOX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to XBOX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as XBOX (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/xbox - Distribution history: https://www.dividenddata.com/funds/xbox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/xbox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/xbox/expenses - Peer comparison: https://www.dividenddata.com/funds/xbox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.