VYM vs. NDIV

Last updated Aug 5, 2026

VYM (Vanguard High Dividend Yield ETF) and NDIV (Amplify Energy & Natural Resources Covered Call ETF) are both exchange-traded funds - VYM is a Dividend fund tracking the FTSE High Dividend Yield Index, while NDIV is a Energy Equities fund tracking the VettaFi Energy and Natural Resources Covered Call Index. Both are passively managed. Over the past 3 years, VYM returned 18.31%/yr vs 15.23%/yr for NDIV. Their 0.60 correlation means they have sometimes moved together and sometimes differently. VYM charges 0.04%/yr vs 0.59%/yr for NDIV.

Performance

VYM vs. NDIV - Performance Comparison

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

Returns By Period

In the year-to-date period, VYM achieves a 16.57% return, which is significantly lower than NDIV's 30.97% return.

VYM

• 1D: 1.54%
• 1M: 3.65%
• 6M: 10.11%
• YTD: 16.57%
• 1Y: 25.99%
• 3Y*: 18.31%
• 5Y*: 12.56%
• 10Y*: 11.86%
• ALL TIME*: 9.48%

NDIV

• 1D: -0.72%
• 1M: 5.87%
• 6M: 14.23%
• YTD: 30.97%
• 1Y: 30.92%
• 3Y*: 15.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.00%

*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	$336.27K	$379.31K	$487.11K
VYM Vanguard High Dividend Yield ETF	$218.18M	$204.80M	$205.80M

VYM vs. NDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VYM Vanguard High Dividend Yield ETF	16.57%	15.42%	17.60%	6.57%	2.24%
NDIV Amplify Energy & Natural Resources Covered Call ETF	30.97%	2.85%	6.18%	15.52%	1.50%

Correlation

The correlation between VYM and NDIV is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.60

Over the past year, the correlation between VYM and NDIV has dropped to 0.34 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

VYM vs. NDIV - Sectors Allocation Comparison

Sectors	VYM	NDIV
Financial Services	21.0%	0.7%
Technology	17.8%	-
Healthcare	13.2%	-
Industrials	12.6%	6.5%
Energy	8.6%	80.6%
Consumer Defensive	8.1%	-
Consumer Cyclical	6.8%	-
Utilities	5.7%	-
Basic Materials	3.3%	19.2%
Communication Services	3.0%	-
Real Estate	0.0%	-

Return for Risk

VYM vs. NDIV — Risk / Return Rank

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

VYM

VYM Risk / Return Rank: 90
VYM Sharpe Ratio Rank: 92
VYM Sortino Ratio Rank: 92
VYM Omega Ratio Rank: 91
VYM Calmar Ratio Rank: 88
VYM Martin Ratio Rank: 88

NDIV

NDIV Risk / Return Rank: 58
NDIV Sharpe Ratio Rank: 60
NDIV Sortino Ratio Rank: 56
NDIV Omega Ratio Rank: 53
NDIV Calmar Ratio Rank: 68
NDIV Martin Ratio Rank: 51

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.

VYM vs. NDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and Amplify Energy & Natural Resources Covered Call ETF (NDIV). 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.

	VYM	NDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.60	+0.95
Sortino ratio: Return per unit of downside risk	3.66	2.16	+1.49
Omega ratio: Gain probability vs. loss probability	1.47	1.27	+0.20
Calmar ratio: Return relative to maximum drawdown	3.90	2.69	+1.21
Martin ratio: Return relative to average drawdown	14.66	6.61	+8.05

VYM vs. NDIV - Sharpe Ratio Comparison

The current VYM Sharpe Ratio is 2.55, which is higher than the NDIV Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of VYM and NDIV, 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

VYM vs. NDIV - Drawdown Comparison

The maximum VYM drawdown since its inception was -56.98%, which is greater than NDIV's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for VYM and NDIV.

Drawdown Indicators

	VYM	NDIV	Difference
Max Drawdown Largest peak-to-trough decline	-56.98%	-19.73%	-37.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-11.56%	+4.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-19.73%	+5.27%
Max Drawdown (5Y) Largest decline over 5 years	-15.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	—	—
Current Drawdown Current decline from peak	0.00%	-5.29%	+5.29%
Average Drawdown Average peak-to-trough decline	-7.14%	-4.31%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	4.69%	-2.91%

Volatility

VYM vs. NDIV - Volatility Comparison

The current volatility for Vanguard High Dividend Yield ETF (VYM) is 2.79%, while Amplify Energy & Natural Resources Covered Call ETF (NDIV) has a volatility of 5.28%. This indicates that VYM experiences smaller price fluctuations and is considered to be less risky than NDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VYM	NDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	5.28%	-2.49%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	13.68%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	19.37%	-9.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	20.87%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	20.87%	-4.56%

VYM vs. NDIV - Expense Ratio Comparison

VYM has a 0.04% expense ratio, which is lower than NDIV's 0.59% expense ratio.

Dividends

VYM vs. NDIV - Dividend Comparison

VYM's dividend yield for the trailing twelve months is around 2.20%, less than NDIV's 7.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDIV Amplify Energy & Natural Resources Covered Call ETF	7.84%	5.64%	5.88%	7.37%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VYM Vanguard High Dividend Yield ETF	2.20%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both VYM and NDIV in my portfolio?

VYM and NDIV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYM or NDIV?

NDIV has higher volatility (5.28%) compared to VYM (2.79%). In terms of maximum drawdown, VYM dropped -56.98% vs NDIV's -19.73%.

Which ETF is better, VYM or NDIV?

On 3-year performance, VYM leads with 18.31% vs 15.23% for NDIV. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYM or NDIV?

Over the 3-year period, VYM has performed better with a 18.31% return vs 15.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYM or NDIV?

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

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

NDIV has the higher dividend yield at 7.84%, compared with 2.20% for VYM.

What is the main difference between VYM and NDIV?

VYM is categorized as Dividend, while NDIV is Energy Equities. VYM tracks FTSE High Dividend Yield Index, while NDIV tracks VettaFi Energy and Natural Resources Covered Call Index. They also come from different issuers: Vanguard and Amplify. Their fees differ too: 0.04% for VYM and 0.59% for NDIV.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.55 vs 1.60), 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.