Data as of Nov 4, 2026.

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Income ETFs

NDIV vs WEPN: Dividend Yield & Total Return

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NDIV and WEPN both write options for income.

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Net assets: $34m on Nov 3, 2026 for Amplify Energy & Natural Resources Covered Call ETF, and $6.1m on Jul 31, 2026 for Nicholas Defense and Rare Earth Income ETF.

At a glance
12.3%
NDIV cash paid, 1 year
7.4%
WEPN cash paid, since launch, Mar 3, 2026
+41.1%
NDIV total return, 1 year
−17.8%
WEPN total return, since launch, Mar 3, 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. Total return, distributions reinvested. NDIV over 1 year: paid 12.3%, price +28.1%, total +41.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.
WEPN · since launch to Nov 4, 2026 Not measured
WEPN
−17.8%
none

Not measured

WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

WEPN

−17.8%

Total return, distributions reinvested

Not measured

WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

WEPN

−17.8%

7.4% of it arrived as cash. Both charts share one scale, with zero at the line. WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

NDIV costs 0.52 points a year less.

Points (pts) are percentage points.

NDIV vs WEPN: Dividend Yield & Total Return
MeasureNDIVWEPN
Paid and earned
Total return, 1 year+41.1%not published
Price changerose 28.1% (1 year)fell 16.9% (6 months)
Return of capital, issuer estimate96% of the Oct 30, 2026 payment100% of the Oct 28, 2026 payment
Against its benchmark
Benchmarkits own stocksits own holdings
Against its benchmark, same daysbehind by 5.9 pts
Cost and size
Expense ratio0.59%1.11%
Net assets, NDIV as of Nov 3, 2026 and WEPN as of Jul 31, 2026$34m$6.1m
Holdings
Holdings in common0%

Method

Risk and return

Mar 13, 2026 to Oct 30, 2026 · 33 weekly returns
NDIV WEPN
Return
Total return edge NDIV +9.5% −10.7%
Price return edge NDIV +1.7% −17.7%
Risk
Max drawdown edge NDIV −10.1% −16.5%
Reading

From Mar 2026 to Oct 2026, NDIV returned more: +9.5% to −10.7%. NDIV fell less at its worst: −10.1% to −16.5%.

Full scorecard

3 measures, with how each is measured
Open ↓
Risk and return: NDIV vs WEPN: Dividend Yield & Total Return
MeasureNDIVWEPNEdgeHow it is measured
Return
Total return+9.5%−10.7%NDIVPrice change plus distributions, reinvested.
Price return+1.7%−17.7%NDIVPrice change alone, distributions left out.
Risk
Max drawdown−10.1%−16.5%NDIVDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 33 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, NDIV and WEPN hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first NDIV WEPN
Only in one fund ↓
Only in NDIV
Olin Corp 6.15%
Mosaic Co 5.84%
Dow Inc 5.83%
Eastman Chemical Co 5.46%
Enbridge Inc 5.30%
Sylvamo Corp 5.21%
South Bow Corp 5.19%
ONEOK Inc 5.00%
Only in WEPN
Palo Alto Networks Inc 9.96%
Crowdstrike Holdings Inc 8.97%
Invesco DB Base Metals Fund 7.15%
SPACEX 6.32%
VanEck Steel ETF 4.75%
RTX Corp 4.58%
Axon Enterprise Inc 4.17%
Lockheed Martin Corp 3.86%
Check overlap with more funds →

Side by side

NDIV Amplify Energy & Natural Resources Covered Call ETF · Covered call on its own stocks, paying monthly WEPN Nicholas Defense and Rare Earth Income ETF · Option income on its own holdings, paying weekly
Strategy covered call option income
Benchmark NDIV's own stocks, without the options (from its holdings of Nov 3, 2026) WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026)
Pays monthly weekly
Payout rate, annualized 11.5% 13.1%
Expense ratio 0.59% 1.11%
Cash paid, 1 year 12.3% 7.4% (since launch, Mar 3, 2026)
Price change, 1 year +28.1% −24.4% (since launch, Mar 3, 2026)
Total return, 1 year +41.1% −17.8% (since launch, Mar 3, 2026)
Benchmark return, 1 year not published not published
Ahead or behind not available not available
Return of capital, latest estimate 96% 100%
Age 4.2 years 246 days
Net assets, NDIV as of Nov 3, 2026 and WEPN as of Jul 31, 2026 $34m $6.1m

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: NDIV vs WEPN: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowNDIVWEPNNDIVWEPNNDIVWEPN
3 months+5.0%−12.2%3.0%2.9%not measured−4.0 pts
6 months+0.8%−11.8%5.5%5.8%not measured−5.9 pts
1 year+41.1%–12.3%–not measured–
3 years+54.0%–24.0%–not measured–
Since launchNot the same days: NDIV Aug 2022 · WEPN Mar 2026+74.7%−17.8%33.2%7.4%not measurednot measured

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Client brief

No client brief for this pair: ETFIQ prints no one-year total return for WEPN.

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About each fund
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). That is a tax label, not a measure of erosion.

WEPN

WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −5.9% over the same days, so a holder was behind by 5.9 pts.

Over the 6 months to Nov 4, 2026, WEPN paid 5.8% of its starting value in cash distributions while its price fell 16.9%. With every distribution reinvested, the fund returned −11.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 13.1%, paid weekly. Nicholas estimates that 100% of the distribution paid Oct 28, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, NDIV or WEPN?
NDIV charges 0.59% a year and WEPN charges 1.11%, so NDIV is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, NDIV against WEPN, data as of Nov 4, 2026. https://etfiq.com/compare/income/ndiv-vs-wepn

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