Amplify Energy & Natural Resources Covered Call ETF
$34.37+0.28 (+0.81%)
- 0.59%
- $33M
- +39.7%
- 8.90%
- 0M sh
- $33.76
- low $26.20high $37.65
The ETF.net NDIV Grade
B
Score 59 out of 100
- 10 of 25
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A88 out of 100Rank 4 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 15 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 23 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 9 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 15 of 25
Our read on NDIV
BMost covered-call ETFs sit on the S&P 500. NDIV writes calls on roughly 50 high-dividend energy, metals, timber and farm names, selling only as many each month as its index needs to hit a 0.50% premium target.
The fund seeks to track, before fees and expenses, the VettaFi Energy and Natural Resources Covered Call Index.
Why people hold it
- The overlay is dialed, not blanket: the index varies how many calls it sells each month to target 0.50% premium (6% annualized), leaving part of the equity upside uncalled.sec.gov
- Undercuts most of its options-income group on fee at 0.59%, below peers like KNG (0.74%) and ACYN (0.75%).
- The stock sleeve screens for dividend payers earning most of their revenue from oil and gas, chemicals, agriculture, metals and mining, paper or timber, plus a non-energy minimum.amplifyetfs.com
- Pays monthly, and the fund's documents set a design target of at least 10% annual income from dividends plus option premium, with no guarantee the premium target is met.sec.gov
Worth knowing
- Sits among the smaller, thinner-trading funds in its peer group, so bid-ask spreads can be wider than on the big index buywrites.
- Concentrated by design: roughly 50 commodity-linked dividend payers, so oil, gas and metals price swings drive the ride.amplifyetfs.com
- The overlay arrived after launch. The fund debuted in 2022 as a plain natural-resources dividend ETF, so part of its live record predates the current strategy.amplifyetfs.com
NDIV Holdings
- Stocks
- 35
- 55%
- PBR
Sectors
- Energy75.8%
- Materials19.3%
- Industrials4.8%
Geography
- United States65.25%
- Canada8.24%
- Brazil6.51%
- United Kingdom5.32%
- France5.01%
- Netherlands4.85%
- Bermuda4.81%
Developed 67% · Emerging 33%
NDIV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
NDIV$13,965
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NDIV |
|---|---|
| Year to date | +36.7% |
| 1 month | −3.5% |
| 3 months | +8.4% |
| 1 year | +39.7% |
| 3 years | +16.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NDIV |
|---|---|---|
| 2026 YTD | +36.7% | |
| 2025 | +2.9% | |
| 2024 | +6.2% | |
| 2023 | +15.5% | |
| 2022 | +1.0% |
NDIV in the news
Category Review
Index option income was not one bet this year
NDIV Dividends
- 8.90%
- $3.03
- $0.31 per share
- Monthly
Distribution history
NDIV Risk
- 17.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NDIV Cost
0.59%
NDIV0.59%
- The middle half of Index Option Income funds
- Median 0.81%
3 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BHYTIFT Vest High Yield & Target Income ETFExpense ratio 0.65%1 year return +3.2%
- BHOLAJPMorgan International Hedged Equity Laddered Overlay ETFExpense ratio 0.68%1 year return +10.2%
- BVAIEVegashares US Equity Autocallable Income ETFExpense ratio 0.74%1 year return —
- BNIHINEOS MSCI EAFE High Income ETFExpense ratio 0.75%1 year return +14.0%
- BOVMOverlay Shares Municipal Bond ETFExpense ratio 0.81%1 year return +1.3%