NDIV vs. GLP
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 15.71%/yr vs 23.24%/yr for GLP. At a 0.39 correlation, their price movements are largely independent.
Performance
NDIV vs. GLP - Performance Comparison
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Returns By Period
In the year-to-date period, NDIV achieves a 27.53% return, which is significantly higher than GLP's 20.51% return.
NDIV
- 1D
- -0.15%
- 1M
- -0.86%
- 6M
- 19.22%
- YTD
- 27.53%
- 1Y
- 24.27%
- 3Y*
- 15.71%
- 5Y*
- —
- 10Y*
- —
GLP
- 1D
- 2.05%
- 1M
- 13.08%
- 6M
- 11.29%
- YTD
- 20.51%
- 1Y
- 1.47%
- 3Y*
- 23.24%
- 5Y*
- 24.52%
- 10Y*
- 25.53%
NDIV vs. GLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NDIV Amplify Natural Resources Dividend Income ETF | 27.53% | 2.85% | 6.18% | 15.52% | 1.50% |
GLP Global Partners LP | 20.51% | -4.39% | 17.27% | 35.29% | 29.04% |
Correlation
The correlation between NDIV and GLP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.39 |
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Return for Risk
NDIV vs. GLP — Risk / Return Rank
NDIV
GLP
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.
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 | GLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.03 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.06 | +2.05 |
| Martin ratioReturn relative to average drawdown | 5.14 | 0.13 | +5.01 |
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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.
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Drawdown Indicators
| NDIV | GLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -81.18% | +61.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -24.12% | +12.56% |
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 DrawdownCurrent decline from peak | -7.78% | -11.57% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -24.12% | +19.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 11.21% | -6.47% |
Volatility
NDIV vs. GLP - Volatility Comparison
The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 5.12%, while Global Partners LP (GLP) has a volatility of 12.77%. 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.
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Volatility by Period
| NDIV | GLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 12.77% | -7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 22.26% | -8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 29.38% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.90% | 36.15% | -15.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.90% | 38.11% | -17.21% |
Dividends
NDIV vs. GLP - Dividend Comparison
NDIV's dividend yield for the trailing twelve months is around 7.34%, more than GLP's 6.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLP Global Partners LP | 6.20% | 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 | 7.34% | 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
NDIV and GLP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLP has higher volatility (12.77%) compared to NDIV (5.12%). In terms of maximum drawdown, NDIV dropped -19.73% vs GLP's -81.18%.
NDIV currently has the higher Sharpe Ratio (1.24 vs 0.05), 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.
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