NDIV vs. VRIG
Compare and contrast key facts about Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco Variable Rate Investment Grade ETF (VRIG).
NDIV and VRIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDIV is a passively managed fund by Amplify Investments that tracks the performance of the EQM Natural Resources Dividend Income Index. It was launched on Aug 24, 2022. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDIV or VRIG.
Key characteristics
| NDIV | VRIG | |
|---|---|---|
| YTD Return | 9.85% | 2.85% |
| 1Y Return | 28.37% | 7.60% |
| Sharpe Ratio | 1.92 | 9.37 |
| Daily Std Dev | 15.57% | 0.82% |
| Max Drawdown | -16.41% | -13.04% |
| Current Drawdown | -0.51% | -0.02% |
Correlation
The correlation between NDIV and VRIG is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NDIV vs. VRIG - Performance Comparison
In the year-to-date period, NDIV achieves a 9.85% return, which is significantly higher than VRIG's 2.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NDIV vs. VRIG - Expense Ratio Comparison
NDIV has a 0.59% expense ratio, which is higher than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
NDIV vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and Invesco Variable Rate Investment Grade ETF (VRIG). 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.
Dividends
NDIV vs. VRIG - Dividend Comparison
NDIV's dividend yield for the trailing twelve months is around 6.67%, more than VRIG's 6.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
NDIV Amplify Natural Resources Dividend Income ETF | 6.67% | 7.37% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRIG Invesco Variable Rate Investment Grade ETF | 6.24% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% |
Drawdowns
NDIV vs. VRIG - Drawdown Comparison
The maximum NDIV drawdown since its inception was -16.41%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for NDIV and VRIG. For additional features, visit the drawdowns tool.
Volatility
NDIV vs. VRIG - Volatility Comparison
Amplify Natural Resources Dividend Income ETF (NDIV) has a higher volatility of 3.48% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.20%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.