NDIVAmplify Energy & Natural Resources Covered Call ETF
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.
Amplify ETFs · Since 2022 (3 years)
0.59%
#2801 out of 5,332 ETFs
$27M
#3899 out of 5,332 ETFs
5.08%
3 years
#2846 out of 5,332 ETFs
Performance
1 Year
+43.9%
3 Years
+20.4%
5 Years
N/A
What's inside
Top holdings
Risk profile
20.6%
High
-19.7%
Worst peak-to-trough loss
0.88
Decent risk-adjusted returns
1.24
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05