NDIV vs. MLPR
NDIV (Amplify Natural Resources Dividend Income ETF) and MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%). Both are passively managed. Over the past 3 years, NDIV returned 17.07%/yr vs 30.20%/yr for MLPR. A 0.71 correlation means they provide meaningful diversification when combined. NDIV charges 0.59%/yr vs 0.95%/yr for MLPR.
Performance
NDIV vs. MLPR - Performance Comparison
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Returns By Period
In the year-to-date period, NDIV achieves a 26.55% return, which is significantly higher than MLPR's 21.25% return.
NDIV
- 1D
- 0.52%
- 1M
- -7.36%
- YTD
- 26.55%
- 6M
- 27.92%
- 1Y
- 22.16%
- 3Y*
- 17.07%
- 5Y*
- —
- 10Y*
- —
MLPR
- 1D
- -0.79%
- 1M
- -12.39%
- YTD
- 21.25%
- 6M
- 21.60%
- 1Y
- 23.14%
- 3Y*
- 30.20%
- 5Y*
- 24.78%
- 10Y*
- —
NDIV vs. MLPR - 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% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 21.25% | 9.83% | 31.57% | 35.87% | -3.00% |
Correlation
The correlation between NDIV and MLPR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.71 |
The correlation between NDIV and MLPR has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
NDIV vs. MLPR — Risk / Return Rank
NDIV
MLPR
NDIV vs. MLPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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 | MLPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.66 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.72 | 4.86 | -0.14 |
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Drawdowns
NDIV vs. MLPR - Drawdown Comparison
The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for NDIV and MLPR.
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Drawdown Indicators
| NDIV | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -48.98% | +29.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -13.97% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.73% | -24.45% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.66% | — |
Current DrawdownCurrent decline from peak | -8.49% | -13.19% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -8.94% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 4.77% | -0.05% |
Volatility
NDIV vs. MLPR - Volatility Comparison
The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 5.91%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 7.59%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIV | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 7.59% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 15.35% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 20.95% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.95% | 29.38% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 33.70% | -12.75% |
NDIV vs. MLPR - Expense Ratio Comparison
NDIV has a 0.59% expense ratio, which is lower than MLPR's 0.95% expense ratio.
Dividends
NDIV vs. MLPR - Dividend Comparison
NDIV's dividend yield for the trailing twelve months is around 6.84%, less than MLPR's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.64% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
NDIV Amplify Natural Resources Dividend Income ETF | 6.84% | 5.64% | 5.88% | 7.37% | 1.69% | 0.00% | 0.00% |
Frequently Asked Questions
NDIV and MLPR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPR has higher volatility (7.59%) compared to NDIV (5.91%). In terms of maximum drawdown, NDIV dropped -19.73% vs MLPR's -48.98%.
On 3-year performance, MLPR leads with 30.20% vs 17.07% for NDIV. On fees, NDIV is cheaper at 0.59% per year. On volatility, NDIV has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPR has performed better with a 30.20% return vs 17.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NDIV is cheaper with a 0.59% expense ratio, compared with 0.95% for MLPR.
MLPR has the higher dividend yield at 9.64%, compared with 6.84% for NDIV.
NDIV is categorized as Energy Equities, while MLPR is Leveraged Equities. NDIV tracks EQM Natural Resources Dividend Income Index, while MLPR tracks Alerian MLP Index (150%). They also come from different issuers: Amplify and UBS. Their fees differ too: 0.59% for NDIV and 0.95% for MLPR.
MLPR currently has the higher Sharpe Ratio (1.11 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.
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