NDIV vs. VIG

Last updated Aug 4, 2026

NDIV (Amplify Energy & Natural Resources Covered Call ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the VettaFi Energy and Natural Resources Covered Call Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 3 years, NDIV returned 15.51%/yr vs 15.82%/yr for VIG. Their 0.46 correlation means their historical movements had little consistent relationship. NDIV charges 0.59%/yr vs 0.04%/yr for VIG.

Performance

NDIV vs. VIG - Performance Comparison

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

Returns By Period

In the year-to-date period, NDIV achieves a 31.93% return, which is significantly higher than VIG's 10.16% return.

NDIV

• 1D: -1.30%
• 1M: 6.64%
• 6M: 17.60%
• YTD: 31.93%
• 1Y: 32.03%
• 3Y*: 15.51%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.22%

VIG

• 1D: 0.41%
• 1M: 0.64%
• 6M: 7.02%
• YTD: 10.16%
• 1Y: 19.59%
• 3Y*: 15.82%
• 5Y*: 10.56%
• 10Y*: 12.98%
• ALL TIME*: 10.24%

*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 Energy & Natural Resources Covered Call ETF	$378.89K	$377.35K	$495.03K
VIG Vanguard Dividend Appreciation ETF	$232.65M	$242.03M	$260.72M

NDIV vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NDIV Amplify Energy & Natural Resources Covered Call ETF	31.93%	2.85%	6.18%	15.52%	1.50%
VIG Vanguard Dividend Appreciation ETF	10.16%	14.17%	16.99%	14.51%	-0.23%

Correlation

The correlation between NDIV and VIG is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.46

Over the past year, the correlation between NDIV and VIG has dropped to 0.15 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

NDIV vs. VIG - Sectors Allocation Comparison

Sectors	NDIV	VIG
Energy	80.6%	3.0%
Basic Materials	19.2%	3.4%
Industrials	6.5%	11.9%
Financial Services	0.7%	20.3%
Communication Services	-	0.5%
Consumer Cyclical	-	4.5%
Consumer Defensive	-	9.2%
Healthcare	-	17.8%
Real Estate	-	-
Technology	-	26.9%
Utilities	-	3.0%

Return for Risk

NDIV vs. VIG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NDIV

NDIV Risk / Return Rank: 66
NDIV Sharpe Ratio Rank: 70
NDIV Sortino Ratio Rank: 66
NDIV Omega Ratio Rank: 63
NDIV Calmar Ratio Rank: 76
NDIV Martin Ratio Rank: 56

VIG

VIG Risk / Return Rank: 79
VIG Sharpe Ratio Rank: 83
VIG Sortino Ratio Rank: 84
VIG Omega Ratio Rank: 82
VIG Calmar Ratio Rank: 71
VIG Martin Ratio Rank: 78

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. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Energy & Natural Resources Covered Call ETF (NDIV) and Vanguard Dividend Appreciation ETF (VIG). 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	VIG	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.96	-0.29
Sortino ratio: Return per unit of downside risk	2.23	2.82	-0.59
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.78	2.49	+0.30
Martin ratio: Return relative to average drawdown	6.86	10.11	-3.25

NDIV vs. VIG - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.66, which is comparable to the VIG Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of NDIV and VIG, 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. VIG - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for NDIV and VIG.

Drawdown Indicators

	NDIV	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-46.81%	+27.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-7.91%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-14.95%	-4.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.72%	—
Current Drawdown Current decline from peak	-4.60%	-0.66%	-3.94%
Average Drawdown Average peak-to-trough decline	-4.31%	-5.47%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	1.94%	+2.74%

Volatility

NDIV vs. VIG - Volatility Comparison

Amplify Energy & Natural Resources Covered Call ETF (NDIV) has a higher volatility of 5.26% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.57%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	2.57%	+2.69%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	7.62%	+6.07%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	10.08%	+9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	14.20%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	16.02%	+4.86%

NDIV vs. VIG - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than VIG's 0.04% expense ratio.

Dividends

NDIV vs. VIG - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.79%, more than VIG's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDIV Amplify Energy & Natural Resources Covered Call ETF	7.79%	5.64%	5.88%	7.37%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIG Vanguard Dividend Appreciation ETF	1.49%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both NDIV and VIG in my portfolio?

NDIV and VIG have a correlation of 0.15, 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 VIG?

NDIV has higher volatility (5.26%) compared to VIG (2.57%). In terms of maximum drawdown, NDIV dropped -19.73% vs VIG's -46.81%.

Which ETF is better, NDIV or VIG?

On 3-year performance, VIG leads with 15.82% vs 15.51% for NDIV. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or VIG?

Over the 3-year period, VIG has performed better with a 15.82% return vs 15.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or VIG?

VIG is cheaper with a 0.04% expense ratio, compared with 0.59% for NDIV.

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

NDIV has the higher dividend yield at 7.79%, compared with 1.49% for VIG.

What is the main difference between NDIV and VIG?

NDIV is categorized as Energy Equities, while VIG is Dividend. NDIV tracks VettaFi Energy and Natural Resources Covered Call Index, while VIG tracks S&P U.S. Dividend Growers Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.59% for NDIV and 0.04% for VIG.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.96 vs 1.66), 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.