NDIV vs. DIV

Last updated Aug 4, 2026

NDIV (Amplify Energy & Natural Resources Covered Call ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the VettaFi Energy and Natural Resources Covered Call Index, while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 3 years, NDIV returned 15.51%/yr vs 12.15%/yr for DIV. Their 0.65 correlation means they have sometimes moved together and sometimes differently. NDIV charges 0.59%/yr vs 0.45%/yr for DIV.

Performance

NDIV vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Energy & Natural Resources Covered Call ETF (NDIV) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIV achieves a 31.93% return, which is significantly higher than DIV's 17.72% return.

NDIV

• 1D: -1.30%
• 1M: 6.64%
• 6M: 17.60%
• YTD: 31.93%
• 1Y: 32.03%
• 3Y*: 15.51%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.22%

DIV

• 1D: 0.05%
• 1M: 2.42%
• 6M: 9.56%
• YTD: 17.72%
• 1Y: 21.12%
• 3Y*: 12.15%
• 5Y*: 6.86%
• 10Y*: 4.24%
• ALL TIME*: 4.94%

*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)
DIV Global X SuperDividend U.S. ETF	$4.54M	$3.98M	$4.46M
NDIV Amplify Energy & Natural Resources Covered Call ETF	$378.89K	$377.35K	$495.03K

NDIV vs. DIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Energy & Natural Resources Covered Call ETF	31.93%	2.85%	6.18%	15.52%	1.50%
DIV Global X SuperDividend U.S. ETF	17.72%	3.10%	11.27%	-1.73%	-5.99%

Correlation

The correlation between NDIV and DIV is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.65

The correlation between NDIV and DIV shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

NDIV vs. DIV - Sectors Allocation Comparison

Sectors	NDIV	DIV
Energy	80.6%	20.5%
Basic Materials	19.2%	6.2%
Industrials	6.5%	12.1%
Financial Services	0.7%	4.0%
Communication Services	-	6.1%
Consumer Cyclical	-	4.0%
Consumer Defensive	-	10.8%
Healthcare	-	3.3%
Real Estate	-	21.3%
Technology	-	-
Utilities	-	11.6%

Return for Risk

NDIV vs. DIV — Risk / Return Rank

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

NDIV

NDIV Risk / Return Rank: 66
NDIV Sharpe Ratio Rank: 70
NDIV Sortino Ratio Rank: 66
NDIV Omega Ratio Rank: 63
NDIV Calmar Ratio Rank: 76
NDIV Martin Ratio Rank: 56

DIV

DIV Risk / Return Rank: 85
DIV Sharpe Ratio Rank: 85
DIV Sortino Ratio Rank: 86
DIV Omega Ratio Rank: 80
DIV Calmar Ratio Rank: 91
DIV Martin Ratio Rank: 84

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.

NDIV vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Energy & Natural Resources Covered Call ETF (NDIV) and Global X SuperDividend U.S. ETF (DIV). 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.

	NDIV	DIV	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.02	-0.36
Sortino ratio: Return per unit of downside risk	2.23	2.94	-0.71
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.78	4.13	-1.35
Martin ratio: Return relative to average drawdown	6.86	12.04	-5.17

NDIV vs. DIV - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.66, which is comparable to the DIV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of NDIV and DIV, 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

NDIV vs. DIV - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum DIV drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for NDIV and DIV.

Drawdown Indicators

	NDIV	DIV	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-52.74%	+33.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-5.13%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-12.33%	-7.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.74%	—
Current Drawdown Current decline from peak	-4.60%	-1.99%	-2.61%
Average Drawdown Average peak-to-trough decline	-4.31%	-6.95%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	1.76%	+2.92%

Volatility

NDIV vs. DIV - Volatility Comparison

Amplify Energy & Natural Resources Covered Call ETF (NDIV) has a higher volatility of 5.26% compared to Global X SuperDividend U.S. ETF (DIV) at 3.14%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	DIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	3.14%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	7.71%	+5.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	10.51%	+8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	13.70%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	18.00%	+2.88%

NDIV vs. DIV - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than DIV's 0.45% expense ratio.

Dividends

NDIV vs. DIV - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.79%, more than DIV's 6.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	6.53%	7.30%	5.74%	7.13%	6.62%	5.24%	8.01%	7.65%	7.08%	5.92%	6.78%	8.44%
NDIV Amplify Energy & Natural Resources Covered Call ETF	7.79%	5.64%	5.88%	7.37%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIV and DIV in my portfolio?

NDIV and DIV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDIV or DIV?

NDIV has higher volatility (5.26%) compared to DIV (3.14%). In terms of maximum drawdown, NDIV dropped -19.73% vs DIV's -52.74%.

Which ETF is better, NDIV or DIV?

On 3-year performance, NDIV leads with 15.51% vs 12.15% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, DIV has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or DIV?

Over the 3-year period, NDIV has performed better with a 15.51% return vs 12.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or DIV?

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

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

NDIV has the higher dividend yield at 7.79%, compared with 6.53% for DIV.

What is the main difference between NDIV and DIV?

NDIV is categorized as Energy Equities, while DIV is Mid Cap Value Equities. NDIV tracks VettaFi Energy and Natural Resources Covered Call Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.59% for NDIV and 0.45% for DIV.

Which has better risk-adjusted returns?

DIV currently has the higher Sharpe Ratio (2.02 vs 1.66), 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.