NDIV vs. PIPE

Last updated Jul 14, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and PIPE (Invesco SteelPath MLP & Energy Infrastructure ETF) are both Energy Equities funds. NDIV is passively managed, while PIPE is actively managed. Over the past year, NDIV returned 19.10% vs 33.75% for PIPE. A 0.64 correlation means they provide meaningful diversification when combined. NDIV charges 0.59%/yr vs 0.75%/yr for PIPE.

Performance

NDIV vs. PIPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIV achieves a 28.18% return, which is significantly lower than PIPE's 29.69% return.

NDIV

• 1D: 1.63%
• 1M: -3.28%
• 6M: 23.51%
• YTD: 28.18%
• 1Y: 19.10%
• 3Y*: 15.81%
• 5Y*: —
• 10Y*: —

PIPE

• 1D: 1.39%
• 1M: 1.89%
• 6M: 30.75%
• YTD: 29.69%
• 1Y: 33.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDIV vs. PIPE - Yearly Performance Comparison

	2026 (YTD)	2025
NDIV Amplify Natural Resources Dividend Income ETF	28.18%	-4.37%
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	29.69%	0.14%

Correlation

The correlation between NDIV and PIPE is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.64

The correlation between NDIV and PIPE has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.

NDIV vs. PIPE - Sectors Allocation Comparison

Sectors	NDIV	PIPE
Energy	74.5%	88.7%
Basic Materials	18.6%	-
Industrials	6.4%	-
Financial Services	0.1%	1.3%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	1.9%

Return for Risk

NDIV vs. PIPE — Risk / Return Rank

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

NDIV

NDIV Risk / Return Rank: 34
NDIV Sharpe Ratio Rank: 33
NDIV Sortino Ratio Rank: 31
NDIV Omega Ratio Rank: 30
NDIV Calmar Ratio Rank: 41
NDIV Martin Ratio Rank: 34

PIPE

PIPE Risk / Return Rank: 85
PIPE Sharpe Ratio Rank: 88
PIPE Sortino Ratio Rank: 86
PIPE Omega Ratio Rank: 83
PIPE Calmar Ratio Rank: 91
PIPE Martin Ratio Rank: 76

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. PIPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE). 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	PIPE	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.29	-1.32
Sortino ratio: Return per unit of downside risk	1.39	3.10	-1.72
Omega ratio: Gain probability vs. loss probability	1.17	1.39	-0.22
Calmar ratio: Return relative to maximum drawdown	1.66	4.62	-2.96
Martin ratio: Return relative to average drawdown	4.09	11.17	-7.07

NDIV vs. PIPE - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 0.97, which is lower than the PIPE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of NDIV and PIPE, 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. PIPE - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, which is greater than PIPE's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for NDIV and PIPE.

Drawdown Indicators

	NDIV	PIPE	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-15.69%	-4.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-7.33%	-4.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	—	—
Current Drawdown Current decline from peak	-7.31%	-2.29%	-5.02%
Average Drawdown Average peak-to-trough decline	-4.29%	-4.02%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	3.03%	+2.11%

Volatility

NDIV vs. PIPE - Volatility Comparison

Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) have volatilities of 5.66% and 5.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	PIPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	5.54%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	11.65%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	14.87%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	18.71%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	18.71%	+2.22%

NDIV vs. PIPE - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is lower than PIPE's 0.75% expense ratio.

Dividends

NDIV vs. PIPE - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.30%, more than PIPE's 3.66% yield.

Position	TTM	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	7.30%	5.64%	5.88%	7.37%	1.69%
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	3.66%	3.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIV and PIPE in my portfolio?

NDIV and PIPE have a correlation of 0.63, 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 PIPE?

NDIV has higher volatility (5.66%) compared to PIPE (5.54%). In terms of maximum drawdown, NDIV dropped -19.73% vs PIPE's -15.69%.

Which ETF is better, NDIV or PIPE?

On 1-year performance, PIPE leads with 33.75% vs 19.10% for NDIV. On fees, NDIV is cheaper at 0.59% per year. On volatility, PIPE has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or PIPE?

Over the 1-year period, PIPE has performed better with a 33.75% return vs 19.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or PIPE?

NDIV is cheaper with a 0.59% expense ratio, compared with 0.75% for PIPE.

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

NDIV has the higher dividend yield at 7.30%, compared with 3.66% for PIPE.

What is the main difference between NDIV and PIPE?

They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for NDIV and 0.75% for PIPE.

Which has better risk-adjusted returns?

PIPE currently has the higher Sharpe Ratio (2.29 vs 0.97), 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.