NDIV vs. XLEI

Last updated Aug 2, 2026

NDIV (Amplify Natural Resources Dividend Income ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - NDIV tracks the EQM Natural Resources Dividend Income Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. Over the past year, NDIV returned 33.78% vs 35.36% for XLEI. Their 0.78 correlation means they have sometimes moved together and sometimes differently. NDIV charges 0.59%/yr vs 0.35%/yr for XLEI.

Performance

NDIV vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Natural Resources Dividend Income ETF (NDIV) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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 XLEI's 24.56% 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%

XLEI

• 1D: 0.78%
• 1M: 10.90%
• 6M: 15.89%
• YTD: 24.56%
• 1Y: 35.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.17%

*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
XLEI State Street Energy Select Sector SPDR Premium Income ETF	$1.55M	$1.39M	$1.31M

NDIV vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
NDIV Amplify Natural Resources Dividend Income ETF	33.67%	-5.88%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	24.56%	6.17%

Correlation

The correlation between NDIV and XLEI is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.78

The correlation between NDIV and XLEI has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

NDIV vs. XLEI - Sectors Allocation Comparison

Sectors	NDIV	XLEI
Energy	80.6%	100.0%
Basic Materials	19.2%	-
Industrials	6.5%	-
Financial Services	0.7%	102.5%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NDIV vs. XLEI — 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

XLEI

XLEI Risk / Return Rank: 89
XLEI Sharpe Ratio Rank: 92
XLEI Sortino Ratio Rank: 88
XLEI Omega Ratio Rank: 89
XLEI Calmar Ratio Rank: 91
XLEI Martin Ratio Rank: 86

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. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Natural Resources Dividend Income ETF (NDIV) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.40	-0.84
Sortino ratio: Return per unit of downside risk	2.10	3.00	-0.90
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.15
Calmar ratio: Return relative to maximum drawdown	2.63	4.11	-1.48
Martin ratio: Return relative to average drawdown	6.50	12.37	-5.87

NDIV vs. XLEI - Sharpe Ratio Comparison

The current NDIV Sharpe Ratio is 1.56, which is lower than the XLEI Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of NDIV and XLEI, 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. XLEI - Drawdown Comparison

The maximum NDIV drawdown since its inception was -19.73%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for NDIV and XLEI.

Drawdown Indicators

	NDIV	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-8.19%	-11.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-8.19%	-3.37%
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%	-1.84%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	2.74%	+1.95%

Volatility

NDIV vs. XLEI - Volatility Comparison

Amplify Natural Resources Dividend Income ETF (NDIV) has a higher volatility of 5.04% compared to State Street Energy Select Sector SPDR Premium Income ETF (XLEI) at 3.96%. This indicates that NDIV's price experiences larger fluctuations and is considered to be riskier than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDIV	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	3.96%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	11.26%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	14.03%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	14.02%	+6.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	14.02%	+6.86%

NDIV vs. XLEI - Expense Ratio Comparison

NDIV has a 0.59% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

NDIV vs. XLEI - Dividend Comparison

NDIV's dividend yield for the trailing twelve months is around 7.68%, less than XLEI's 18.37% yield.

Position	TTM	2025	2024	2023	2022
NDIV Amplify Natural Resources Dividend Income ETF	7.68%	5.64%	5.88%	7.37%	1.69%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	18.37%	10.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIV and XLEI in my portfolio?

NDIV and XLEI have a correlation of 0.78, 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 XLEI?

NDIV has higher volatility (5.04%) compared to XLEI (3.96%). In terms of maximum drawdown, NDIV dropped -19.73% vs XLEI's -8.19%.

Which ETF is better, NDIV or XLEI?

On 1-year performance, XLEI leads with 35.36% vs 33.78% for NDIV. On fees, XLEI is cheaper at 0.35% per year. On volatility, XLEI has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIV or XLEI?

Over the 1-year period, XLEI has performed better with a 35.36% 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 XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.59% for NDIV.

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

XLEI has the higher dividend yield at 18.37%, compared with 7.68% for NDIV.

What is the main difference between NDIV and XLEI?

NDIV tracks EQM Natural Resources Dividend Income Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: Amplify and State Street. Their fees differ too: 0.59% for NDIV and 0.35% for XLEI.

Which has better risk-adjusted returns?

XLEI currently has the higher Sharpe Ratio (2.40 vs 1.56), 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.