NDIV vs. GLP

Last updated Jun 4, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) is Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while GLP (Global Partners LP) is a stock. Over the past 3 years, NDIV returned 18.96%/yr vs 25.12%/yr for GLP. At a 0.39 correlation, their price movements are largely independent.

Performance

NDIV vs. GLP - Performance Comparison

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

Returns By Period

In the year-to-date period, NDIV achieves a 32.65% return, which is significantly higher than GLP's 19.55% return.

NDIV

• 1D: -0.69%
• 1M: -2.94%
• YTD: 32.65%
• 6M: 28.18%
• 1Y: 34.21%
• 3Y*: 18.96%
• 5Y*: —
• 10Y*: —

GLP

• 1D: -1.64%
• 1M: 2.87%
• YTD: 19.55%
• 6M: 14.02%
• 1Y: -4.25%
• 3Y*: 25.12%
• 5Y*: 22.36%
• 10Y*: 25.43%

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

NDIV vs. GLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	32.65%	2.85%	6.18%	15.52%	1.82%
GLP Global Partners LP	19.55%	-4.39%	17.27%	35.29%	26.11%

Correlation

The correlation between NDIV and GLP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022	0.39

Return for Risk

NDIV vs. GLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NDIV

NDIV Risk / Return Rank: 50
NDIV Sharpe Ratio Rank: 50
NDIV Sortino Ratio Rank: 47
NDIV Omega Ratio Rank: 46
NDIV Calmar Ratio Rank: 64
NDIV Martin Ratio Rank: 46

GLP

GLP Risk / Return Rank: 33
GLP Sharpe Ratio Rank: 34
GLP Sortino Ratio Rank: 29
GLP Omega Ratio Rank: 30
GLP Calmar Ratio Rank: 35
GLP Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NDIV vs. GLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Global Partners LP (GLP). 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.

	NDIV	GLP	Difference
Sharpe ratio: Return per unit of total volatility	1.73	-0.16	+1.89
Sortino ratio: Return per unit of downside risk	2.33	-0.03	+2.37
Omega ratio: Gain probability vs. loss probability	1.29	1.00	+0.30
Calmar ratio: Return relative to maximum drawdown	3.20	-0.16	+3.36
Martin ratio: Return relative to average drawdown	7.55	-0.31	+7.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDIV vs. GLP - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.73, which is higher than the GLP Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of NDIV and GLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDIV	GLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	-0.16	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.33	+0.40

Drawdowns

NDIV vs. GLP - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum GLP drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for NDIV and GLP.

Drawdown Indicators

	NDIV	GLP	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-81.18%	+61.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-27.22%	+16.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-30.60%	+10.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.57%	—
Current Drawdown Current decline from peak	-4.08%	-12.27%	+8.19%
Average Drawdown Average peak-to-trough decline	-4.20%	-24.02%	+19.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	13.91%	-9.36%

Volatility

NDIV vs. GLP - Volatility Comparison

The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 4.65%, while Global Partners LP (GLP) has a volatility of 8.69%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than GLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	GLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	8.69%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	20.58%	-7.20%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	27.21%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	35.82%	-14.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	37.98%	-17.06%

Dividends

NDIV vs. GLP - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 6.53%, more than GLP's 6.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLP Global Partners LP	6.25%	7.14%	6.14%	8.48%	6.93%	12.28%	11.30%	10.14%	11.50%	11.08%	9.51%	15.57%
NDIV Amplify Natural Resources Dividend Income ETF	6.53%	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 GLP in my portfolio?

NDIV and GLP have a correlation of 0.35, 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 GLP?

GLP has higher volatility (8.69%) compared to NDIV (4.65%). In terms of maximum drawdown, NDIV dropped -19.73% vs GLP's -81.18%.

Which has better risk-adjusted returns?

NDIV currently has the higher Sharpe Ratio (1.73 vs -0.16), 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.