Energy, Materials Propel NDIV to Strong March Performance

Tue Apr 28 2026

Amplify Natural Resources Dividend Income ETF (**NDIV**) surged in March, with its underlying index returning 13.99%, driven by Energy and Materials sectors amidst volatile markets.

According to ETF Database (VettaFi), the Amplify Natural Resources Dividend Income ETF (NDIV) experienced a significant surge in March, with its underlying index delivering a 13.99% total return from late February. This strong performance, primarily driven by robust contributions from the Energy and Materials sectors, notably outpaced the broader market during the first quarter's volatile conditions.

What Happened

The period spanning late February through March witnessed NDIV's underlying index achieve a total return of nearly 14%. This impressive growth occurred amidst a general market environment characterized by risk-off sentiment. The Energy sector, in particular, saw record inflows of approximately $5 billion into its associated ETFs in March, propelled by a dramatic rise in oil prices. Companies within the Energy and Materials sectors, identified as having strong cash-flow profiles, were key drivers of this performance.

Why It Matters for ETF Investors

For ETF investors, NDIV's notable March performance highlights the potential for specific sector-focused strategies to generate alpha, even in challenging market conditions. The record inflows into Energy ETFs underscore a broader investor sentiment favoring this sector, likely due to its correlation with commodity prices and perceived inflation hedge capabilities. This demonstrates how targeted exposure to commodity-sensitive sectors can act as a powerful diversifier and growth engine, particularly when traditional equity markets are volatile. Investors considering natural resources exposure may find NDIV's recent performance compelling, as it reflects the current strength in its constituent sectors.

Affected ETFs

NDIV (Amplify Natural Resources Dividend Income ETF): This ETF is directly affected as its underlying index's strong performance was the central theme of the news. Its mandate to invest in natural resources, including energy and materials, positions it to benefit from the tailwinds discussed in the report.

Sector / Classification Impact

The Natural Resources sector, as represented by NDIV, clearly benefited from the market conditions described. Within this broad sector, the Energy and Materials sub-sectors were identified as the primary drivers of growth. The significant appreciation in oil prices and the strong financial health of companies in these areas directly translated into positive returns for natural resources-focused investments. This suggests a broader positive impact on any ETFs or investment vehicles with substantial exposure to these specific sectors, especially those with dividend income strategies.

Bottom Line

The Amplify Natural Resources Dividend Income ETF (NDIV) demonstrated robust performance in March, fueled by strong tailwinds in the Energy and Materials sectors. This period of significant outperformance, driven by rising oil prices and healthy cash flows, underscores the potential for natural resources-focused ETFs to thrive even when the broader market faces volatility and risk-off sentiment. Investors looking for exposure to sectors benefiting from commodity price strength may find NDIV an interesting option.

Source: ETF Database (VettaFi) — https://etfdb.com/thematic-investing-content-hub/core-ndiv-strong-march-performance/

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Source: https://etfdb.com/thematic-investing-content-hub/core-ndiv-strong-march-performance/