NDIV vs. OILU

Last updated Aug 2, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while OILU is a Leveraged Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 3 years, NDIV returned 15.74%/yr vs 1.15%/yr for OILU. Their correlation of 0.84 means they have usually moved in the same direction. NDIV charges 0.59%/yr vs 0.95%/yr for OILU.

Performance

NDIV vs. OILU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIV achieves a 33.67% return, which is significantly lower than OILU's 95.09% return.

NDIV

• 1D: 1.10%
• 1M: 8.05%
• 6M: 18.09%
• YTD: 33.67%
• 1Y: 33.78%
• 3Y*: 15.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.64%

OILU

• 1D: 3.79%
• 1M: 38.67%
• 6M: 37.11%
• YTD: 95.09%
• 1Y: 107.91%
• 3Y*: 1.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.25%

*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)
NDIV Amplify Natural Resources Dividend Income ETF	$359.17K	$364.93K	$506.10K
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	$8.21M	$8.45M	$7.94M

NDIV vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	33.67%	2.85%	6.18%	15.52%	1.50%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	95.09%	-16.50%	-21.65%	-32.50%	-7.19%

Correlation

The correlation between NDIV and OILU is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.84

The correlation between NDIV and OILU has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

NDIV vs. OILU - Sectors Allocation Comparison

Sectors	NDIV	OILU
Energy	80.6%	100.0%
Basic Materials	19.2%	-
Industrials	6.5%	-
Financial Services	0.7%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NDIV vs. OILU — Risk / Return Rank

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

NDIV

NDIV Risk / Return Rank: 65
NDIV Sharpe Ratio Rank: 69
NDIV Sortino Ratio Rank: 63
NDIV Omega Ratio Rank: 62
NDIV Calmar Ratio Rank: 75
NDIV Martin Ratio Rank: 55

OILU

OILU Risk / Return Rank: 56
OILU Sharpe Ratio Rank: 65
OILU Sortino Ratio Rank: 57
OILU Omega Ratio Rank: 55
OILU Calmar Ratio Rank: 59
OILU Martin Ratio Rank: 45

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. OILU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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	OILU	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.50	+0.06
Sortino ratio: Return per unit of downside risk	2.10	1.96	+0.14
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.63	2.07	+0.56
Martin ratio: Return relative to average drawdown	6.50	5.11	+1.39

NDIV vs. OILU - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.56, which is comparable to the OILU Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of NDIV and OILU, 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. OILU - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for NDIV and OILU.

Drawdown Indicators

	NDIV	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-81.00%	+61.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-46.49%	+34.93%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-69.09%	+49.36%
Current Drawdown Current decline from peak	-3.34%	-47.53%	+44.19%
Average Drawdown Average peak-to-trough decline	-4.31%	-50.69%	+46.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	18.88%	-14.19%

Volatility

NDIV vs. OILU - Volatility Comparison

The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 5.04%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 19.22%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	19.22%	-14.18%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	51.99%	-38.34%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	64.36%	-44.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	80.80%	-59.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	80.80%	-59.92%

NDIV vs. OILU - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is lower than OILU's 0.95% expense ratio.

Dividends

NDIV vs. OILU - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.68%, while OILU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	7.68%	5.64%	5.88%	7.37%	1.69%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIV and OILU in my portfolio?

NDIV and OILU have a correlation of 0.80, 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 OILU?

OILU has higher volatility (19.22%) compared to NDIV (5.04%). In terms of maximum drawdown, NDIV dropped -19.73% vs OILU's -81.00%.

Which ETF is better, NDIV or OILU?

On 3-year performance, NDIV leads with 15.74% vs 1.15% for OILU. On fees, NDIV is cheaper at 0.59% per year. On volatility, NDIV has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or OILU?

Over the 3-year period, NDIV has performed better with a 15.74% return vs 1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or OILU?

NDIV is cheaper with a 0.59% expense ratio, compared with 0.95% for OILU.

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

NDIV has the higher dividend yield at 7.68%, compared with 0.00% for OILU.

What is the main difference between NDIV and OILU?

NDIV is categorized as Energy Equities, while OILU is Leveraged Equities. NDIV tracks EQM Natural Resources Dividend Income Index, while OILU tracks Solactive MicroSectors Oil & Gas Exploration & Production Index. They also come from different issuers: Amplify and BMO. Their fees differ too: 0.59% for NDIV and 0.95% for OILU.

Which has better risk-adjusted returns?

NDIV currently has the higher Sharpe Ratio (1.56 vs 1.50), 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.