ETF Evaluator:
Amplify Energy & Natural Res Cov Cll ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Natural Resources Over the Last Year
| 88.7% | Global X Copper Miners ETF (COPX) |
| 83.8% | Themes Copper Miners ETF (COPA) |
| 82.3% | Sprott Copper Miners ETF (COPP) |
| 81.2% | Sprott Junior Copper Miners ETF (COPJ) |
| 76.4% | iShares Copper and Metals Mining ETF (ICOP) |
Risk
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Risk
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ETF Details
Amplify Energy & Natural Res Cov Cll ETF Overview
Amplify Energy & Natural Res Cov Cll ETF (NDIV) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2022.
The investment seeks investment results that generally correspond to the price and yield of the VettaFi Energy and Natural Resources Covered.
The fund will normally invest at least 80% of its net assets (plus borrowings for investment purposes) in the securities that comprise the index. The index is designed to measure the performance of a covered call strategy applied to the constituents of the VettaFi Energy and Natural Resources Dividend Income Index (the “Parent Index”). The fund is non-diversified.
About Amplify Energy & Natural Res Cov Cll ETF (NDIV)
There are 2 members of the management team with an average tenure of 3.94 years: Michael Venuto (2022) and Charles Ragauss (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Amplify Energy & Natural Res Cov Cll ETF has 56 securities in its portfolio. The top 10 holdings constitute 52.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Amplify Energy & Natural Res Cov Cll ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Amplify Energy & Natural Res Cov Cll ETF has 25.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.7% There is 25.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amplify Energy & Natural Res Cov Cll ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NDIV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Amplify Energy & Natural Res Cov Cll ETF expense ratio is average compared to funds in the Natural Resources category. Amplify Energy & Natural Res Cov Cll ETF has an expense ratio of 0.59%, which is 12% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Amplify Energy & Natural Res Cov Cll ETF has a portfolio turnover rate of 134%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.
Recently, in the month of July 2026, Amplify Energy & Natural Res Cov Cll ETF returned 7.0%, which earned it a grade of A, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Amplify Energy & Natural Res Cov Cll ETF has a trailing yield of 7.72%, which is above the 2.30% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Amplify Energy & Natural Res Cov Cll ETF Grades
Year to date, the ETF has returned 33.2%, 26.7 percentage points better than the category, which translates into a grade of A. The fund has returned 29.6% over the past year (grade of C) and 15.2% over the past three years (grade of B).
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NDIV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NDIV Return (NAV) | 7.0% | -2.5% | 29.6% | 15.2% | na | na |
| NDIV Return (Price) | 7.3% | -2.3% | 30.3% | 15.4% | na | na |
| NAV +/- Price Return | -0.341% | -0.187% | -0.690% | -0.178% | na | na |
| Natural Resources Avg | -2.2% | -9.2% | 33.5% | 9.8% | 7.4% | 10.4% |
| NDIV Grade (NAV) | A | B | C | B | na | na |
| +/- Category (NAV) | 9.2% | 6.7% | -3.9% | 5.5% | na | na |
| NDIV Tax-Cost Ratio | na | na | 3.3% | 2.7% | na | na |
NDIV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NDIV Return (NAV) | 33.2% | 2.6% | 6.3% | 15.5% | na | na | na | na | na | na | na |
| NDIV Return (Price) | 33.7% | 2.9% | 6.2% | 15.5% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.014% | 0.120% | -0.025% | 0.001% | na | na | na | na | na | na | na |
| Natural Resources Avg | 6.5% | 43.5% | -6.0% | 9.9% | -7.3% | 30.1% | 22.9% | 18.4% | -16.7% | 25.1% | 28.4% |
| NDIV Grade (NAV) | A | F | A | B | na | na | na | na | na | na | na |
| +/- Category | 26.7% | -40.9% | 12.3% | 5.6% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.13 |
| R-Squared: | 1% |
| Standard Deviation: | 16.4% |
| Category Risk Index: | 0.68 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.34 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 7.7% |
| Total Assets: | $ 27 Mil |
| Share Class Assets: | $ 27 Mil |
| Turnover: | 134.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.9 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Venuto Michael (2022), Ragauss Charles (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 52.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 25.4% |
Portfolio Allocation |
|
| Domestic Stock: | 73.7% |
| Foreign Stock: | 25.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Amplify ETFs |
| Phone Number: | 855-267-3837 |
| Website: | |
| Inception Date: | August 23, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
