NDIV vs. VOLT

Last updated Aug 2, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - NDIV is a Energy Equities fund tracking the EQM Natural Resources Dividend Income Index, while VOLT is a Global Equities fund actively managed by Tema. NDIV is passively managed, while VOLT is actively managed. Over the past year, NDIV returned 33.78% vs 38.01% for VOLT. Their 0.27 correlation means their historical movements had little consistent relationship. NDIV charges 0.59%/yr vs 0.75%/yr for VOLT.

Performance

NDIV vs. VOLT - Performance Comparison

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

Returns By Period

In the year-to-date period, NDIV achieves a 33.67% return, which is significantly higher than VOLT's 28.30% 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%

VOLT

• 1D: 1.62%
• 1M: -5.26%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 38.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

*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
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

NDIV vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NDIV Amplify Natural Resources Dividend Income ETF	33.67%	2.85%	-5.84%
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%

Correlation

The correlation between NDIV and VOLT is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.27

The correlation between NDIV and VOLT shifts across timeframes, from 0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

NDIV vs. VOLT - Sectors Allocation Comparison

Sectors	NDIV	VOLT
Energy	80.6%	4.7%
Basic Materials	19.2%	1.4%
Industrials	6.5%	50.4%
Financial Services	0.7%	0.5%
Communication Services	-	-
Consumer Cyclical	-	2.6%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	14.1%
Utilities	-	28.2%

Return for Risk

NDIV vs. VOLT — 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

VOLT

VOLT Risk / Return Rank: 63
VOLT Sharpe Ratio Rank: 66
VOLT Sortino Ratio Rank: 61
VOLT Omega Ratio Rank: 61
VOLT Calmar Ratio Rank: 61
VOLT Martin Ratio Rank: 67

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.50	+0.06
Sortino ratio: Return per unit of downside risk	2.10	2.04	+0.06
Omega ratio: Gain probability vs. loss probability	1.26	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.63	2.14	+0.50
Martin ratio: Return relative to average drawdown	6.50	8.15	-1.65

NDIV vs. VOLT - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.56, which is comparable to the VOLT Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of NDIV and VOLT, 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. VOLT - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for NDIV and VOLT.

Drawdown Indicators

	NDIV	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-23.40%	+3.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-17.22%	+5.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	—	—
Current Drawdown Current decline from peak	-3.34%	-11.75%	+8.41%
Average Drawdown Average peak-to-trough decline	-4.31%	-5.34%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	4.50%	+0.19%

Volatility

NDIV vs. VOLT - Volatility Comparison

The current volatility for Amplify Natural Resources Dividend Income ETF (NDIV) is 5.04%, while Tema Electrification ETF (VOLT) has a volatility of 9.95%. This indicates that NDIV experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	9.95%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	21.11%	-7.46%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	24.43%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	25.46%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	25.46%	-4.58%

NDIV vs. VOLT - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

NDIV vs. VOLT - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.68%, more than VOLT's 0.36% yield.

Position	TTM	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	7.68%	5.64%	5.88%	7.37%	1.69%
VOLT Tema Electrification ETF	0.36%	0.46%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIV and VOLT in my portfolio?

NDIV and VOLT have a correlation of 0.14, 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 VOLT?

VOLT has higher volatility (9.95%) compared to NDIV (5.04%). In terms of maximum drawdown, NDIV dropped -19.73% vs VOLT's -23.40%.

Which ETF is better, NDIV or VOLT?

On 1-year performance, VOLT leads with 38.01% vs 33.78% for NDIV. On fees, NDIV is cheaper at 0.59% per year. On volatility, NDIV has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or VOLT?

Over the 1-year period, VOLT has performed better with a 38.01% return vs 33.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIV or VOLT?

NDIV is cheaper with a 0.59% expense ratio, compared with 0.75% for VOLT.

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

NDIV has the higher dividend yield at 7.68%, compared with 0.36% for VOLT.

What is the main difference between NDIV and VOLT?

NDIV is categorized as Energy Equities, while VOLT is Global Equities. They also come from different issuers: Amplify and Tema. Their fees differ too: 0.59% for NDIV and 0.75% for VOLT.

Which has better risk-adjusted returns?

NDIV currently has the higher Sharpe Ratio (1.56 vs 1.50), 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.