What they both said! If the cap is leaking (ie, not holding pressure) then the system cannot pressurise, so the coolant will just expand with heat and then fill the expansion tank too much and leak out. Then when its cold, it will almost disappear because your losing a slight amount of fluid each time it gets very hot.
The split tank will cause identical symptoms to a leaking cap, so change them both!!!
If, after replacing the tank and cap, your still losing fluid and the level rises too much (ie, same symptoms, then it's most likely your HG leaking)
You will not be able to perform a Cooling system pressure test or Sniffer test properly until you've replaced the split header tank, so change these first.
The Volvo fluid is 'Pentosin' and is a blue colour. i'd advise you use the correct fluid as using incorrect fluid can have a detrimental affect on the engines internals long term and more importanatly, it can affect running temps.
Just buy it from Volvo! You don't need much and it's not that expensive.
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