NDIV vs. VDE

Last updated Jun 4, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and VDE (Vanguard Energy ETF) are both Energy Equities funds - NDIV tracks the EQM Natural Resources Dividend Income Index while VDE tracks the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past 3 years, NDIV returned 18.96%/yr vs 17.97%/yr for VDE. Their correlation of 0.85 suggests significant overlap in exposure. NDIV charges 0.59%/yr vs 0.09%/yr for VDE.

Performance

NDIV vs. VDE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NDIV having a 32.65% return and VDE slightly lower at 32.24%.

NDIV

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

VDE

• 1D: 1.13%
• 1M: -2.17%
• YTD: 32.24%
• 6M: 29.32%
• 1Y: 45.53%
• 3Y*: 17.97%
• 5Y*: 20.43%
• 10Y*: 9.70%

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

NDIV vs. VDE - 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%
VDE Vanguard Energy ETF	32.24%	7.11%	6.75%	0.03%	5.89%

Correlation

The correlation between NDIV and VDE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022	0.85

The correlation between NDIV and VDE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

NDIV vs. VDE - Sectors Allocation Comparison

Sectors	NDIV	VDE
Energy	81.7%	99.5%
Basic Materials	18.2%	0.4%
Financial Services	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NDIV vs. VDE — 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

VDE

VDE Risk / Return Rank: 64
VDE Sharpe Ratio Rank: 66
VDE Sortino Ratio Rank: 60
VDE Omega Ratio Rank: 57
VDE Calmar Ratio Rank: 75
VDE Martin Ratio Rank: 62

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. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Vanguard Energy ETF (VDE). 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	VDE	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.25	-0.52
Sortino ratio: Return per unit of downside risk	2.33	2.88	-0.55
Omega ratio: Gain probability vs. loss probability	1.29	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	3.20	3.88	-0.67
Martin ratio: Return relative to average drawdown	7.55	11.42	-3.87
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. VDE - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.73, which is comparable to the VDE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of NDIV and VDE, 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	VDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.25	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.28	+0.45

Drawdowns

NDIV vs. VDE - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for NDIV and VDE.

Drawdown Indicators

	NDIV	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-74.20%	+54.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-11.80%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-21.41%	+1.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.29%	—
Current Drawdown Current decline from peak	-4.08%	-6.43%	+2.35%
Average Drawdown Average peak-to-trough decline	-4.20%	-19.96%	+15.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	4.00%	+0.55%

Volatility

NDIV vs. VDE - Volatility Comparison

The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 4.65%, while Vanguard Energy ETF (VDE) has a volatility of 7.99%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	7.99%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	16.33%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	20.38%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	26.40%	-5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	29.93%	-9.01%

NDIV vs. VDE - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than VDE's 0.09% expense ratio.

Dividends

NDIV vs. VDE - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 6.53%, more than VDE's 2.37% 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%
VDE Vanguard Energy ETF	2.37%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both NDIV and VDE in my portfolio?

NDIV and VDE 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 VDE?

VDE has higher volatility (7.99%) compared to NDIV (4.65%). In terms of maximum drawdown, NDIV dropped -19.73% vs VDE's -74.20%.

Which ETF is better, NDIV or VDE?

On 3-year performance, NDIV leads with 18.96% vs 17.97% for VDE. On fees, VDE is cheaper at 0.09% 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 VDE?

Over the 3-year period, NDIV has performed better with a 18.96% return vs 17.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or VDE?

VDE is cheaper with a 0.09% expense ratio, compared with 0.59% for NDIV.

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

NDIV has the higher dividend yield at 6.53%, compared with 2.37% for VDE.

What is the main difference between NDIV and VDE?

NDIV tracks EQM Natural Resources Dividend Income Index, while VDE tracks MSCI US Investable Market Energy 25/50 Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.59% for NDIV and 0.09% for VDE.

Which has better risk-adjusted returns?

VDE currently has the higher Sharpe Ratio (2.25 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.