
The Amplify Energy & Natural Resources Covered Call ETF (NDIV) posted a strong 13.99% total return from late February through March 2026, led by the Energy and Materials sectors. Energy ETFs attracted a record $5 billion inflow in March, driven by rising oil prices amid Middle East tensions and strong earnings expectations. Key contributors included LyondellBasell, Dow, and Atlas Energy Solutions, with the materials sector also delivering robust returns. Despite market volatility and risk-off sentiment, NDIV's focus on high-dividend, cash-flow-heavy energy stocks and options-based income strategies positioned it well for growth and income in uncertain times.