NDIV vs. RAYS

Last updated Aug 2, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. NDIV charges 0.59%/yr vs 0.50%/yr for RAYS.

Performance

NDIV vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

NDIV vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
NDIV Amplify Natural Resources Dividend Income ETF	16.69%
RAYS Global X Solar ETF	0.00%

NDIV vs. RAYS - Sectors Allocation Comparison

Sectors	NDIV	RAYS
Energy	80.6%	-
Basic Materials	19.2%	0.9%
Industrials	6.5%	21.4%
Financial Services	0.7%	-
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	66.9%
Utilities	-	6.8%

Return for Risk

NDIV vs. RAYS — 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

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Global X Solar ETF (RAYS). 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	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.56	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	6.50	—	—

Drawdowns

NDIV vs. RAYS - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NDIV and RAYS.

Drawdown Indicators

	NDIV	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	0.00%	-19.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	—	—
Current Drawdown Current decline from peak	-3.34%	0.00%	-3.34%
Average Drawdown Average peak-to-trough decline	-4.31%	0.00%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	—	—

Volatility

Volatility by Period

	NDIV	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	0.00%	+19.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	0.00%	+20.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	0.00%	+20.88%

NDIV vs. RAYS - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

NDIV vs. RAYS - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.68%, while RAYS 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%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, NDIV or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDIV or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.59% for NDIV.

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

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

What is the main difference between NDIV and RAYS?

NDIV is categorized as Energy Equities, while RAYS is Alternative Energy Equities. NDIV tracks EQM Natural Resources Dividend Income Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.59% for NDIV and 0.50% for RAYS.