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NDIVAmplify Energy & Natural Resources Covered Call ETF

Get income3y track recordRanked #1,099 of 1,650 in this goal

Seeks investment results that generally correspond to the price and yield of the VettaFi Energy and Natural Resources Covered Call Index.

By Amplify ETFs · Launched 2022

Annual Cost

0.59%

#3,122 of 5,861 · average

Fund Size

$26M

#4,277 of 5,861 · small

Dividend YieldGoal

7.53%

Track Record

3 years

#2,693 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$13,028+30.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Option income

Index tracked

VettaFi Energy and Natural Resources Covered Call Index

What it actually holds

By weight

Concentration

Top 10 holdings = 50.7% of fundmoderately concentrated

PETROBRAS
6.6%
LyondellBasell Industries NV
6.4%
Dow Inc
6.0%
Atlas Energy Solutions Inc
4.7%
CVR Partners LP
4.6%
FLEX LNG Ltd
4.6%
Northern Oil & Gas Inc
4.5%
Eastman Chemical Co
4.5%
Kinetik Holdings Inc
4.5%
First American Government Obli
4.3%

Asset allocation

Stocks
98.8%
Other
0.8%
Cash
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
19.5%Moderate

Year-on-year price swings

Max drawdown
-19.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.68Decent risk-adjusted returns
Sortino (3Y)
0.94Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks investment results that generally correspond to the price and yield of the VettaFi Energy and Natural Resources Covered Call Index.
Strategy
Invests at least 80% of net assets in securities that comprise the VettaFi Energy and Natural Resources Covered Call Index, employing a covered call strategy to generate high income. The Fund seeks to participate in gains of the underlying equity securities while targeting a monthly option premium of 0.50%.
Inception date
August 23, 2022
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04