NDIV vs. RAVI
NDIV (Amplify Natural Resources Dividend Income ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. NDIV is passively managed, while RAVI is actively managed. Over the past 3 years, NDIV returned 15.74%/yr vs 5.11%/yr for RAVI. Their 0.02 correlation means their historical movements had little consistent relationship. NDIV charges 0.59%/yr vs 0.25%/yr for RAVI.
Performance
NDIV vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, NDIV achieves a 33.67% return, which is significantly higher than RAVI's 2.16% 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%
RAVI
- 1D
- 0.09%
- 1M
- 0.31%
- 6M
- 1.81%
- YTD
- 2.16%
- 1Y
- 4.19%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.71%
- ALL TIME*
- 2.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $359.17K | $364.93K | $506.10K | |
| $4.50M | $6.77M | $5.93M |
NDIV vs. RAVI - 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% |
RAVI FlexShares Ultra-Short Income ETF | 2.16% | 4.98% | 5.67% | 5.55% | 0.95% |
Correlation
The correlation between NDIV and RAVI is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.02 |
The correlation between NDIV and RAVI shifts across timeframes, from -0.20 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NDIV vs. RAVI — Risk / Return Rank
NDIV
RAVI
NDIV vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and FlexShares Ultra-Short Income ETF (RAVI). 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 | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.77 | ||
| Sortino ratioReturn per unit of downside risk | -20.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 5.05 | -3.78 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 36.97 | -34.34 |
| Martin ratioReturn relative to average drawdown | 6.50 | 208.35 | -201.85 |
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Drawdowns
NDIV vs. RAVI - Drawdown Comparison
The maximum NDIV drawdown since its inception was -19.73%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for NDIV and RAVI.
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Drawdown Indicators
| NDIV | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -3.72% | -16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -0.12% | -11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.73% | -0.36% | -19.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.72% | — |
Current DrawdownCurrent decline from peak | -3.34% | 0.00% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -0.17% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 0.02% | +4.67% |
Volatility
NDIV vs. RAVI - Volatility Comparison
Amplify Natural Resources Dividend Income ETF (NDIV) has a higher volatility of 5.04% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.13%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than RAVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIV | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 0.13% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 0.32% | +13.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.52% | 0.42% | +19.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 1.41% | +19.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 1.28% | +19.60% |
NDIV vs. RAVI - Expense Ratio Comparison
NDIV has a 0.59% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Dividends
NDIV vs. RAVI - Dividend Comparison
NDIV's dividend yield for the trailing twelve months is around 7.68%, more than RAVI's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NDIV Amplify Natural Resources Dividend Income ETF | 7.68% | 5.64% | 5.88% | 7.37% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 3.94% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
NDIV and RAVI have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDIV has higher volatility (5.04%) compared to RAVI (0.13%). In terms of maximum drawdown, NDIV dropped -19.73% vs RAVI's -3.72%.
On 3-year performance, NDIV leads with 15.74% vs 5.11% for RAVI. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NDIV has performed better with a 15.74% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.59% for NDIV.
NDIV has the higher dividend yield at 7.68%, compared with 3.94% for RAVI.
NDIV is categorized as Energy Equities, while RAVI is Ultrashort Bond. They also come from different issuers: Amplify and FlexShares. Their fees differ too: 0.59% for NDIV and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (10.33 vs 1.56), 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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