Which paid more, MDST or NDIV?

Over the year to Nov 4, 2026, MDST paid 10.8% of its starting price in cash and NDIV paid 12.3%, so NDIV paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MDST or NDIV?

With every distribution reinvested, MDST returned +22.6% and NDIV +41.1% over the year to Nov 4, 2026.

Which is cheaper, MDST or NDIV?

MDST charges 0.80% a year and NDIV charges 0.59%, so NDIV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

MDST vs NDIV: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, NDIV paid 12.3% of its price in cash against MDST’s 10.8%, and returned more with it reinvested.

askIQ about this page

askIQ about MDST and NDIV

Net assets: $287m on Jul 31, 2026 for Westwood Salient Enhanced Midstream Income ETF, and $34m on Nov 3, 2026 for Amplify Energy & Natural Resources Covered Call ETF.

MDST on its own →NDIV on its own →

At a glance

10.8%

MDST cash paid, 1 year

12.3%

NDIV cash paid, 1 year

+22.6%

MDST total return, 1 year

+41.1%

NDIV total return, 1 year

MDST · 1 year to Nov 4, 2026 9.1 pts behind ENFR

MDST

+22.6%

ENFR

+31.7%

9.1 pts behind ENFR

MDST over 1 year: paid 10.8%, price +11.5%, total +22.6%, ENFR +31.7%, −9.1 pts. Data to Nov 4, 2026.

ENFR

+31.7%

MDST

+22.6%

10.8% as cash

9.1 pts behind ENFR

Total return, distributions reinvested

9.1 pts behind ENFR

MDST over 1 year: paid 10.8%, price +11.5%, total +22.6%, ENFR +31.7%, −9.1 pts. Data to Nov 4, 2026.

ENFR

+31.7%

MDST

+22.6%

9.1 pts behind ENFR

10.8% of it arrived as cash. Total return, distributions reinvested. MDST over 1 year: paid 10.8%, price +11.5%, total +22.6%, ENFR +31.7%, −9.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NDIV · 1 year to Nov 4, 2026 Not measured

NDIV

+41.1%

none

Not measured

NDIV over 1 year: paid 12.3%, price +28.1%, total +41.1%, not measured against a benchmark. Data to Nov 4, 2026.

NDIV

+41.1%

12.3% as cash

Total return, distributions reinvested

Not measured

NDIV over 1 year: paid 12.3%, price +28.1%, total +41.1%, not measured against a benchmark. Data to Nov 4, 2026.

NDIV

+41.1%

12.3% of it arrived as cash. Both charts share one scale, 0 to +41.1%. NDIV over 1 year: paid 12.3%, price +28.1%, total +41.1%, not measured against a benchmark. Data to Nov 4, 2026.

Both charts share one scale, 0 to +41.1%. Data to Nov 4, 2026.

Pair scorecard

NDIV costs 0.21 points a year less; their one-year returns differ by 18.5 points.

Points (pts) are percentage points.

MDST vs NDIV: Dividend Yield & Total Return
Measure	MDST	NDIV
Paid and earned
Measure	MDST	NDIV
Total return, 1 year	+22.6%	+41.1%
Price change, 1 year	rose 11.5%	rose 28.1%
Return of capital, issuer estimate	100% of the Oct 5, 2026 payment	96% of the Oct 30, 2026 payment
Against its benchmark
Measure	MDST	NDIV
Benchmark	Alerian Energy Infrastructure ETF, measured through ENFR	its own stocks
Cost and size
Measure	MDST	NDIV
Expense ratio	0.80%	0.59%
Net assets, MDST as of Jul 31, 2026 and NDIV as of Nov 3, 2026	$287m	$34m
Holdings
Measure	MDST	NDIV
Holdings in common	24%

Method

Risk and return

Apr 19, 2024 to Oct 30, 2026 · 132 weekly returns

MDST NDIV

Return

Total return edge MDST +53.1% +45.2%

Annualized edge MDST +18.3% +15.8%

Price return edge NDIV +18.4% +20.9%

Risk

Volatility edge MDST 14.5% 19.4%

Max drawdown edge MDST −10.7% −13.4%

Risk-adjusted

Sharpe edge MDST 0.94 0.64

Sortino edge MDST 1.32 0.87

Calmar edge MDST 1.71 1.18

Reading

From Apr 2024 to Oct 2026, MDST returned more: +53.1% to +45.2%. MDST swung less: 14.5% to 19.4%. MDST fell less at its worst: −10.7% to −13.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: MDST vs NDIV: Dividend Yield & Total Return
Measure	MDST	NDIV	Edge	How it is measured
Return
Total return	+53.1%	+45.2%	MDST	Price change plus distributions, reinvested.
Annualized	+18.3%	+15.8%	MDST	Total return as a yearly rate.
Price return	+18.4%	+20.9%	NDIV	Price change alone, distributions left out.
Risk
Volatility	14.5%	19.4%	MDST	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.3%	14.1%	MDST	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−10.7%	−13.4%	MDST	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.94	0.64	MDST	Return above Treasury bills per unit of volatility.
Sortino	1.32	0.87	MDST	Return above Treasury bills per unit of downside deviation.
Calmar	1.71	1.18	MDST	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 132 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

24%

By the books each fund has filed, MDST and NDIV hold 24% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

24% in common

Positions both hold · largest shared weight first MDST NDIV

ENBRIDGE INC 8.76% 5.30%

ONEOK INC 4.79% 5.00%

SOUTH BOW CORP 4.62% 5.19%

KINETIK HOLDINGS INC 3.15% 4.85%

HESS MIDSTREAM LP 4.32% 1.32%

MPLX LP 4.65% 1.07%

WESTERN MIDSTREAM PARTNERS LP 2.58% 1.07%

ENERGY TRANSFER LP 9.17% 0.89%

ENTERPRISE PRODUCTS PARTNERS LP 6.85% 0.89%

DELEK LOGISTICS PARTNERS LP 0.53% 1.04%

GENESIS ENERGY LP 0.13% 0.71%

Only in one fund ↓

Only in MDST

WILLIAMS COMPANIES INC (THE) 8.18%

DT MIDSTREAM INC 6.08%

KINDER MORGAN INC 5.60%

CHENIERE ENERGY INC 4.90%

TC ENERGY CORP 4.82%

PLAINS GP HOLDINGS LP 4.77%

TARGA RESOURCES CORP 4.68%

ANTERO MIDSTREAM CORP 4.51%

Only in NDIV

Olin Corp 6.15%

Mosaic Co 5.84%

Dow Inc 5.83%

Eastman Chemical Co 5.46%

Sylvamo Corp 5.21%

Noble Corp PLC 4.90%

Viper Energy Inc 4.84%

Anglogold Ashanti Plc 4.73%

Check overlap with more funds →

Side by side

MDST Westwood Salient Enhanced Midstream Income ETF · Option income on ENFR, paying monthly NDIV Amplify Energy & Natural Resources Covered Call ETF · Covered call on its own stocks, paying monthly

Issuer Westwood Amplify

Strategy option income covered call

Benchmark Alerian Energy Infrastructure ETF (ENFR) NDIV's own stocks, without the options (from its holdings of Nov 3, 2026)

Pays monthly monthly

Payout rate, annualized 9.7% 11.5%

Expense ratio 0.80% 0.59%

Cash paid, 1 year 10.8% 12.3%

Price change, 1 year +11.5% +28.1%

Total return, 1 year +22.6% +41.1%

Benchmark return, 1 year +31.7% not published

Ahead or behind −9.1 pts not available

Return of capital, latest estimate 100% 96%

Age 2.6 years 4.2 years

Net assets, MDST as of Jul 31, 2026 and NDIV as of Nov 3, 2026 $287m $34m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: MDST vs NDIV: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MDST	NDIV	MDST	NDIV	MDST	NDIV
3 months	−0.5%	+5.0%	2.4%	3.0%	+0.7 pts	not measured
6 months	+1.9%	+0.8%	4.7%	5.5%	+0.6 pts	not measured
1 year	+22.6%	+41.1%	10.8%	12.3%	−9.1 pts	not measured
3 years	–	+54.0%	–	24.0%	–	not measured
Since launchNot the same days: MDST Apr 2024 · NDIV Aug 2022	+44.5%	+74.7%	27.9%	33.2%	−21.5 pts	not measured

– means no data for this window. Open this comparison in the app →

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

MDST

Over the year to Nov 4, 2026, MDST paid 10.8% of its starting value in cash distributions while its price rose 11.5%. With every distribution reinvested, the fund returned +22.6%. Alerian Energy Infrastructure ETF (ENFR) returned +31.7% over the same days, so a holder was behind by 9.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.7%, paid monthly. Westwood estimates that 100% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NDIV

No 1-year comparison: a quarter's holdings filing is missing from the year.

Over the year to Nov 4, 2026, NDIV paid 12.3% of its starting value in cash distributions while its price rose 28.1%. With every distribution reinvested, the fund returned +41.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. Amplify estimates that 96% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, MDST or NDIV?: Over the year to Nov 4, 2026, MDST paid 10.8% of its starting price in cash and NDIV paid 12.3%, so NDIV paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MDST or NDIV?: With every distribution reinvested, MDST returned +22.6% and NDIV +41.1% over the year to Nov 4, 2026.
Which is cheaper, MDST or NDIV?: MDST charges 0.80% a year and NDIV charges 0.59%, so NDIV is cheaper. Fees come from each fund's prospectus.

Other comparisons

MDST vs XLEI MDST vs XLCI MDST vs TDVI MDST vs TECY NDIV vs TDVI NDIV vs SEMY NDIV vs XLEI NDIV vs WEEI

Where to next

Alerian Energy Infrastructure ETF (ENFR) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →MDST on its own →NDIV on its own →MDST dividend history →MDST holdings →NDIV dividend history →NDIV holdings →Method →Standards and sources →

Sources and dates

MDST filings on SEC EDGAR ↗

MDST prospectus with the expense ratio (SEC) ↗

MDST 19a-1 distribution notice ↗

Westwood website ↗

NDIV filings on SEC EDGAR ↗

NDIV prospectus with the expense ratio (SEC) ↗

NDIV 19a-1 distribution notice ↗

Amplify page for NDIV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MDST against NDIV, data as of Nov 4, 2026. https://etfiq.com/compare/income/mdst-vs-ndiv

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.