NDIV vs. PXJ

Last updated Jun 4, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and PXJ (Invesco Dynamic Oil & Gas Services ETF) are both Energy Equities funds - NDIV tracks the EQM Natural Resources Dividend Income Index while PXJ tracks the Dynamic Oil & Gas Services Intellidex Index. Both are passively managed. Over the past 3 years, NDIV returned 18.96%/yr vs 24.79%/yr for PXJ. A 0.78 correlation means they provide meaningful diversification when combined. NDIV charges 0.59%/yr vs 0.63%/yr for PXJ.

Performance

NDIV vs. PXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco Dynamic Oil & Gas Services ETF (PXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIV achieves a 32.65% return, which is significantly lower than PXJ's 46.18% return.

NDIV

• 1D: -0.69%
• 1M: -2.94%
• YTD: 32.65%
• 6M: 28.18%
• 1Y: 34.21%
• 3Y*: 18.96%
• 5Y*: —
• 10Y*: —

PXJ

• 1D: -0.58%
• 1M: -6.26%
• YTD: 46.18%
• 6M: 38.54%
• 1Y: 82.76%
• 3Y*: 24.79%
• 5Y*: 17.27%
• 10Y*: -0.80%

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

NDIV vs. PXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	32.65%	2.85%	6.18%	15.52%	1.82%
PXJ Invesco Dynamic Oil & Gas Services ETF	46.18%	8.74%	0.21%	14.44%	21.39%

Correlation

The correlation between NDIV and PXJ is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022	0.78

The correlation between NDIV and PXJ has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

NDIV vs. PXJ - Sectors Allocation Comparison

Sectors	NDIV	PXJ
Energy	81.7%	92.6%
Basic Materials	18.2%	-
Financial Services	0.1%	0.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	5.2%
Real Estate	-	-
Technology	-	-
Utilities	-	2.1%

Return for Risk

NDIV vs. PXJ — Risk / Return Rank

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

NDIV

NDIV Risk / Return Rank: 50
NDIV Sharpe Ratio Rank: 50
NDIV Sortino Ratio Rank: 47
NDIV Omega Ratio Rank: 46
NDIV Calmar Ratio Rank: 64
NDIV Martin Ratio Rank: 46

PXJ

PXJ Risk / Return Rank: 89
PXJ Sharpe Ratio Rank: 90
PXJ Sortino Ratio Rank: 86
PXJ Omega Ratio Rank: 80
PXJ Calmar Ratio Rank: 95
PXJ Martin Ratio Rank: 93

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. PXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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.

	NDIV	PXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.73	3.17	-1.44
Sortino ratio: Return per unit of downside risk	2.33	3.92	-1.58
Omega ratio: Gain probability vs. loss probability	1.29	1.48	-0.19
Calmar ratio: Return relative to maximum drawdown	3.20	8.24	-5.04
Martin ratio: Return relative to average drawdown	7.55	23.98	-16.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDIV vs. PXJ - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.73, which is lower than the PXJ Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of NDIV and PXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDIV	PXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	3.17	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	-0.05	+0.77

Drawdowns

NDIV vs. PXJ - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum PXJ drawdown of -94.82%. Use the drawdown chart below to compare losses from any high point for NDIV and PXJ.

Drawdown Indicators

	NDIV	PXJ	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-94.82%	+75.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-10.10%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-40.03%	+20.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.72%	—
Current Drawdown Current decline from peak	-4.08%	-66.60%	+62.52%
Average Drawdown Average peak-to-trough decline	-4.20%	-55.67%	+51.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	3.46%	+1.09%

Volatility

NDIV vs. PXJ - Volatility Comparison

The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 4.65%, while Invesco Dynamic Oil & Gas Services ETF (PXJ) has a volatility of 7.75%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than PXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	PXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	7.75%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	18.30%	-4.92%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	26.41%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	34.57%	-13.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	39.47%	-18.55%

NDIV vs. PXJ - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is lower than PXJ's 0.63% expense ratio.

Dividends

NDIV vs. PXJ - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 6.53%, more than PXJ's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDIV Amplify Natural Resources Dividend Income ETF	6.53%	5.64%	5.88%	7.37%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.21%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%

Frequently Asked Questions

Can I hold both NDIV and PXJ in my portfolio?

NDIV and PXJ have a correlation of 0.73, 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 PXJ?

PXJ has higher volatility (7.75%) compared to NDIV (4.65%). In terms of maximum drawdown, NDIV dropped -19.73% vs PXJ's -94.82%.

Which ETF is better, NDIV or PXJ?

On 3-year performance, PXJ leads with 24.79% vs 18.96% for NDIV. On fees, NDIV is cheaper at 0.59% per year. On volatility, NDIV has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or PXJ?

Over the 3-year period, PXJ has performed better with a 24.79% return vs 18.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or PXJ?

NDIV is cheaper with a 0.59% expense ratio, compared with 0.63% for PXJ.

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

NDIV has the higher dividend yield at 6.53%, compared with 2.21% for PXJ.

What is the main difference between NDIV and PXJ?

NDIV tracks EQM Natural Resources Dividend Income Index, while PXJ tracks Dynamic Oil & Gas Services Intellidex Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for NDIV and 0.63% for PXJ.

Which has better risk-adjusted returns?

PXJ currently has the higher Sharpe Ratio (3.17 vs 1.73), 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.