NDIV vs. IVV

Last updated Jun 23, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, NDIV returned 17.07%/yr vs 21.37%/yr for IVV. At a 0.42 correlation, their price movements are largely independent. NDIV charges 0.59%/yr vs 0.03%/yr for IVV.

Performance

NDIV vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIV achieves a 26.55% return, which is significantly higher than IVV's 9.76% return.

NDIV

• 1D: 0.52%
• 1M: -7.36%
• YTD: 26.55%
• 6M: 27.92%
• 1Y: 22.16%
• 3Y*: 17.07%
• 5Y*: —
• 10Y*: —

IVV

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.76%
• 6M: 9.30%
• 1Y: 26.83%
• 3Y*: 21.37%
• 5Y*: 13.58%
• 10Y*: 15.75%

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

NDIV vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	26.55%	2.85%	6.18%	15.52%	1.50%
IVV iShares Core S&P 500 ETF	9.76%	17.85%	24.93%	26.31%	-6.44%

Correlation

The correlation between NDIV and IVV is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.42

Over the past year, the correlation between NDIV and IVV has dropped to 0.11 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

NDIV vs. IVV - Sectors Allocation Comparison

Sectors	NDIV	IVV
Energy	80.0%	3.1%
Basic Materials	19.0%	1.7%
Financial Services	0.7%	11.1%
Communication Services	-	10.6%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.0%
Utilities	-	2.1%

Return for Risk

NDIV vs. IVV — Risk / Return Rank

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

NDIV

NDIV Risk / Return Rank: 33
NDIV Sharpe Ratio Rank: 32
NDIV Sortino Ratio Rank: 30
NDIV Omega Ratio Rank: 29
NDIV Calmar Ratio Rank: 43
NDIV Martin Ratio Rank: 33

IVV

IVV Risk / Return Rank: 69
IVV Sharpe Ratio Rank: 70
IVV Sortino Ratio Rank: 67
IVV Omega Ratio Rank: 69
IVV Calmar Ratio Rank: 63
IVV Martin Ratio Rank: 74

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. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.18	-1.07
Sortino ratio: Return per unit of downside risk	1.57	2.93	-1.36
Omega ratio: Gain probability vs. loss probability	1.19	1.39	-0.20
Calmar ratio: Return relative to maximum drawdown	2.07	3.03	-0.96
Martin ratio: Return relative to average drawdown	4.72	13.61	-8.89

NDIV vs. IVV - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.10, which is lower than the IVV Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of NDIV and IVV, 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. IVV - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NDIV and IVV.

Drawdown Indicators

	NDIV	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-55.25%	+35.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-8.89%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-18.75%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-8.49%	-1.74%	-6.75%
Average Drawdown Average peak-to-trough decline	-4.22%	-10.76%	+6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	1.98%	+2.74%

Volatility

NDIV vs. IVV - Volatility Comparison

Amplify Natural Resources Dividend Income ETF (NDIV) has a higher volatility of 5.91% compared to iShares Core S&P 500 ETF (IVV) at 4.67%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	4.67%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	13.61%	9.75%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	12.41%	+7.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	16.97%	+3.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	18.10%	+2.85%

NDIV vs. IVV - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

NDIV vs. IVV - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 6.84%, more than IVV's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
NDIV Amplify Natural Resources Dividend Income ETF	6.84%	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 IVV in my portfolio?

NDIV and IVV have a correlation of 0.11, 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 IVV?

NDIV has higher volatility (5.91%) compared to IVV (4.67%). In terms of maximum drawdown, NDIV dropped -19.73% vs IVV's -55.25%.

Which ETF is better, NDIV or IVV?

On 3-year performance, IVV leads with 21.37% vs 17.07% for NDIV. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or IVV?

Over the 3-year period, IVV has performed better with a 21.37% return vs 17.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.59% for NDIV.

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

NDIV has the higher dividend yield at 6.84%, compared with 1.09% for IVV.

What is the main difference between NDIV and IVV?

NDIV is categorized as Energy Equities, while IVV is S&P 500. NDIV tracks EQM Natural Resources Dividend Income Index, while IVV tracks S&P 500 Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.59% for NDIV and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.18 vs 1.10), 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.