NDIV vs SPY
Amplify Energy & Natural Resources Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NDIV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NDIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $27M | $789.1B | |
| Dividend Yield | 8.54% | 1.01% | |
| Holdings | 60 | 505 | |
| YTD Return | +32.20% | +14.47% | |
| 1Y Return | +31.44% | +21.96% | |
| 3Y Return (annualized) | +15.83% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 18.6% | 15.3% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2022 | Jan 22, 1993 |
NDIV vs SPY Performance
Amplify Energy & Natural Resources Covered Call ETF (NDIV) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NDIV returned +31.44% while SPY returned +21.96%. Year to date, NDIV is up 32.20% versus a gain of 14.47% for SPY.
Over three years, NDIV compounded at +15.83% per year against +21.70% for SPY. Across the full 4-year window we track, NDIV has the edge at +14.57% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NDIV has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.7% for NDIV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NDIV charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, NDIV currently yields 8.54% against 1.01% for SPY.
Holdings Overlap
NDIV and SPY share 1 holdings out of 536 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NDIV | Weight in SPY | Difference |
|---|---|---|---|
| OKE | 4.85% | 0.09% | 4.76% |
Frequently Asked Questions
Which is cheaper, NDIV or SPY?
NDIV has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, NDIV or SPY?
Over the past year NDIV returned +31.44% vs +21.96% for SPY, so NDIV leads on 1-year performance. Over the longest common window we track (4 years), NDIV annualized +14.57% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, NDIV or SPY?
NDIV has been the more volatile fund at 18.6% annualized versus 15.3% for SPY. Worst drawdown: NDIV -19.7% vs SPY -56.5%.
Should I hold both NDIV and SPY?
NDIV and SPY have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NDIV and SPY?
NDIV and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, NDIV or SPY?
NDIV yields 8.54% while SPY yields 1.01%, so NDIV currently pays the higher dividend yield.
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