- ISIN
- US0321088215
- Issuer
- Amplify
- Inception Date
- Jan 25, 2021
- Region
- Global ex-U.S. (Broad)
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- S-Network International BlackSwan
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $37M
Share Price Chart
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Performance
ISWN Performance Chart
Amplify BlackSwan ISWN ETF (ISWN) is up 5.4% since the beginning of the year. ISWN is currently trading at $22 per share. Investors who bought $1,000 worth of ISWN shares 5 years ago would now be looking at an investment worth $1,007.
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Returns By Period
Amplify BlackSwan ISWN ETF (ISWN) has returned 5.44% so far this year and 14.94% over the past 12 months.
Amplify BlackSwan ISWN ETF
- 1D
- -0.19%
- 1M
- 1.65%
- YTD
- 5.44%
- 6M
- 5.63%
- 1Y
- 14.94%
- 3Y*
- 8.86%
- 5Y*
- 0.14%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ISWN Monthly Returns History
Based on dividend-adjusted daily data since Jan 26, 2021, ISWN's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +7.6%, while the worst month was Oct 2024 at -7.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ISWN closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +3.1%, while the worst single day was Apr 4, 2025 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.19% | 5.06% | -6.89% | 2.86% | 1.13% | 0.41% | 5.44% | ||||||
| 2025 | 2.75% | 4.10% | 0.34% | 3.24% | 2.42% | 2.85% | -2.40% | 4.25% | 1.27% | 0.83% | 0.66% | 0.95% | 23.23% |
| 2024 | -1.01% | 0.02% | 2.73% | -5.13% | 4.79% | -1.21% | 3.85% | 3.28% | 1.47% | -7.58% | -0.26% | -4.17% | -3.96% |
| 2023 | 6.65% | -4.23% | 4.55% | 1.77% | -3.96% | 0.88% | 0.70% | -2.98% | -4.70% | -3.31% | 7.56% | 6.13% | 8.19% |
| 2022 | -3.90% | -2.30% | -3.82% | -7.16% | -0.19% | -4.78% | 3.37% | -5.50% | -6.41% | -1.59% | 7.09% | -2.22% | -24.93% |
| 2021 | -1.95% | -1.45% | -0.59% | 2.58% | 2.85% | -0.29% | 1.99% | 0.45% | -3.38% | 1.80% | -2.21% | 0.65% | 0.23% |
Benchmark Metrics
Amplify BlackSwan ISWN ETF has an annualized alpha of -4.20%, beta of 0.38, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since January 26, 2021.
- This ETF participated in 77.67% of S&P 500 Index downside but only 38.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 may look defensive, but with R2 of 0.31 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -4.20%
- Beta
- 0.38
- R²
- 0.31
- Upside Capture
- 38.09%
- Downside Capture
- 77.67%
Expense Ratio
ISWN has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ISWN ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISWN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.78 | -1.23 |
| Martin ratioReturn relative to average drawdown | 5.05 | 12.44 | -7.39 |
Dividends
Dividend History
Amplify BlackSwan ISWN ETF provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.63 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.62 | $0.59 | $0.56 | $0.37 | $0.19 |
Dividend yield | 2.79% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Amplify BlackSwan ISWN ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.37 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.13 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Amplify BlackSwan ISWN ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Amplify BlackSwan ISWN ETF was 32.35%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current Amplify BlackSwan ISWN ETF drawdown is 2.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -32.35%Oct 2023 | 2y 1mo | — | 4y 9moSep 2021 - now |
2021 pullback2021 | -4.39%Mar 2021 | 1mo 11d | 1mo 29d | 3mo 10dJan 2021 - May 2021 |
2021 pullback2021 | -3.09%May 2021 | 2d | 13d | 15dMay 2021 - May 2021 |
2021 pullback2021 | -1.85%Jun 2021 | 12d | 1mo 5d | 1mo 17dJun 2021 - Jul 2021 |
2021 pullback2021 | -1.53%Aug 2021 | 22d | 7d | 29dAug 2021 - Sep 2021 |
Drawdown Indicators
| ISWN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -56.78% | +24.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.10% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -18.90% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | -25.43% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.97% | -1.80% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -10.71% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.03% | +0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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