INEQ vs. NDIV

Last updated Aug 2, 2026

INEQ (Columbia International Equity Income ETF) and NDIV (Amplify Natural Resources Dividend Income ETF) are both exchange-traded funds - INEQ is a Dividend fund actively managed by Columbia, while NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index. INEQ is actively managed, while NDIV is passively managed. Over the past 3 years, INEQ returned 20.29%/yr vs 15.74%/yr for NDIV. Their 0.50 correlation means their historical movements had little consistent relationship. INEQ charges 0.45%/yr vs 0.59%/yr for NDIV.

Performance

INEQ vs. NDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia International Equity Income ETF (INEQ) and Amplify Natural Resources Dividend Income ETF (NDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INEQ achieves a 12.10% return, which is significantly lower than NDIV's 33.67% return.

INEQ

• 1D: -0.61%
• 1M: 4.84%
• 6M: 7.09%
• YTD: 12.10%
• 1Y: 28.80%
• 3Y*: 20.29%
• 5Y*: 13.46%
• 10Y*: 9.92%
• ALL TIME*: 10.16%

NDIV

• 1D: 1.10%
• 1M: 8.05%
• 6M: 18.09%
• YTD: 33.67%
• 1Y: 33.78%
• 3Y*: 15.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INEQ Columbia International Equity Income ETF	$606.92K	$766.57K	$703.44K
NDIV Amplify Natural Resources Dividend Income ETF	$359.17K	$364.93K	$506.10K

INEQ vs. NDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INEQ Columbia International Equity Income ETF	12.10%	39.85%	6.02%	20.88%	4.22%
NDIV Amplify Natural Resources Dividend Income ETF	33.67%	2.85%	6.18%	15.52%	1.50%

Correlation

The correlation between INEQ and NDIV is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.50

Over the past year, the correlation between INEQ and NDIV has dropped to 0.19 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

INEQ vs. NDIV - Sectors Allocation Comparison

Sectors	INEQ	NDIV
Financial Services	27.2%	0.7%
Industrials	14.0%	6.5%
Basic Materials	10.4%	19.2%
Consumer Defensive	9.5%	-
Energy	9.3%	80.6%
Healthcare	8.7%	-
Communication Services	8.0%	-
Consumer Cyclical	5.6%	-
Utilities	3.6%	-
Real Estate	2.1%	-
Technology	1.6%	-

Return for Risk

INEQ vs. NDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INEQ

INEQ Risk / Return Rank: 84
INEQ Sharpe Ratio Rank: 88
INEQ Sortino Ratio Rank: 87
INEQ Omega Ratio Rank: 86
INEQ Calmar Ratio Rank: 81
INEQ Martin Ratio Rank: 76

NDIV

NDIV Risk / Return Rank: 65
NDIV Sharpe Ratio Rank: 69
NDIV Sortino Ratio Rank: 63
NDIV Omega Ratio Rank: 62
NDIV Calmar Ratio Rank: 75
NDIV Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INEQ vs. NDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) and Amplify Natural Resources Dividend Income ETF (NDIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	INEQ	NDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.56	+0.56
Sortino ratio: Return per unit of downside risk	2.93	2.10	+0.83
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	3.00	2.63	+0.37
Martin ratio: Return relative to average drawdown	9.69	6.50	+3.19

INEQ vs. NDIV - Sharpe Ratio Comparison

The current INEQ Sharpe Ratio is 2.12, which is higher than the NDIV Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of INEQ and NDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INEQ vs. NDIV - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, which is greater than NDIV's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for INEQ and NDIV.

Drawdown Indicators

	INEQ	NDIV	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-19.73%	-21.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-11.56%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	-19.73%	+5.35%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.71%	—	—
Current Drawdown Current decline from peak	-0.61%	-3.34%	+2.73%
Average Drawdown Average peak-to-trough decline	-7.00%	-4.31%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	4.69%	-1.73%

Volatility

INEQ vs. NDIV - Volatility Comparison

The current volatility for Columbia International Equity Income ETF (INEQ) is 4.27%, while Amplify Natural Resources Dividend Income ETF (NDIV) has a volatility of 5.04%. This indicates that INEQ experiences smaller price fluctuations and is considered to be less risky than NDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INEQ	NDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	5.04%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	13.65%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	19.52%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	20.88%	-5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	20.88%	-4.51%

INEQ vs. NDIV - Expense Ratio Comparison

INEQ has a 0.45% expense ratio, which is lower than NDIV's 0.59% expense ratio.

Dividends

INEQ vs. NDIV - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.31%, more than NDIV's 7.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
INEQ Columbia International Equity Income ETF	9.31%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%
NDIV Amplify Natural Resources Dividend Income ETF	7.68%	5.64%	5.88%	7.37%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INEQ and NDIV in my portfolio?

INEQ and NDIV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INEQ or NDIV?

NDIV has higher volatility (5.04%) compared to INEQ (4.27%). In terms of maximum drawdown, INEQ dropped -41.71% vs NDIV's -19.73%.

Which ETF is better, INEQ or NDIV?

On 3-year performance, INEQ leads with 20.29% vs 15.74% for NDIV. On fees, INEQ is cheaper at 0.45% per year. On volatility, INEQ has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INEQ or NDIV?

Over the 3-year period, INEQ has performed better with a 20.29% return vs 15.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INEQ or NDIV?

INEQ is cheaper with a 0.45% expense ratio, compared with 0.59% for NDIV.

Which ETF pays a higher dividend yield, INEQ or NDIV?

INEQ has the higher dividend yield at 9.31%, compared with 7.68% for NDIV.

What is the main difference between INEQ and NDIV?

INEQ is categorized as Dividend, while NDIV is Energy Equities. They also come from different issuers: Columbia and Amplify. Their fees differ too: 0.45% for INEQ and 0.59% for NDIV.

Which has better risk-adjusted returns?

INEQ currently has the higher Sharpe Ratio (2.12 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.