AIVC vs. SWAN
AIVC (Amplify Bloomberg AI Value Chain ETF) and SWAN (Amplify BlackSwan Growth & Treasury Core ETF) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while SWAN is a Diversified Portfolio fund tracking the S-Network BlackSwan Core Index. Both are passively managed. Over the past 5 years, AIVC returned 16.85%/yr vs 2.87%/yr for SWAN. A 0.59 correlation means they provide meaningful diversification when combined. AIVC charges 0.59%/yr vs 0.49%/yr for SWAN.
Performance
AIVC vs. SWAN - Performance Comparison
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Returns By Period
In the year-to-date period, AIVC achieves a 66.45% return, which is significantly higher than SWAN's 3.29% return.
AIVC
- 1D
- -4.78%
- 1M
- 7.56%
- YTD
- 66.45%
- 6M
- 65.87%
- 1Y
- 125.43%
- 3Y*
- 48.25%
- 5Y*
- 16.85%
- 10Y*
- 16.72%
SWAN
- 1D
- -0.65%
- 1M
- -0.50%
- YTD
- 3.29%
- 6M
- 2.73%
- 1Y
- 14.05%
- 3Y*
- 12.19%
- 5Y*
- 2.87%
- 10Y*
- —
AIVC vs. SWAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 66.45% | 39.94% | 18.22% | 39.28% | -38.91% | -7.23% | 41.45% | 27.78% | -15.75% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.29% | 13.93% | 13.44% | 12.07% | -27.77% | 10.55% | 16.17% | 22.03% | -2.27% |
Correlation
The correlation between AIVC and SWAN is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.59 |
The correlation between AIVC and SWAN has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
AIVC vs. SWAN — Risk / Return Rank
AIVC
SWAN
AIVC vs. SWAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Amplify BlackSwan Growth & Treasury Core ETF (SWAN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AIVC | SWAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.25 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 8.94 | 2.00 | +6.94 |
| Martin ratioReturn relative to average drawdown | 27.60 | 7.65 | +19.95 |
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Drawdowns
AIVC vs. SWAN - Drawdown Comparison
The maximum AIVC drawdown since its inception was -56.11%, which is greater than SWAN's maximum drawdown of -31.04%. Use the drawdown chart below to compare losses from any high point for AIVC and SWAN.
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Drawdown Indicators
| AIVC | SWAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -31.04% | -25.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.11% | -7.05% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -32.55% | -12.07% | -20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -53.58% | -31.04% | -22.54% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | — | — |
Current DrawdownCurrent decline from peak | -8.48% | -2.43% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -16.38% | -8.83% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 1.84% | +2.72% |
Volatility
AIVC vs. SWAN - Volatility Comparison
Amplify Bloomberg AI Value Chain ETF (AIVC) has a higher volatility of 15.81% compared to Amplify BlackSwan Growth & Treasury Core ETF (SWAN) at 3.97%. This indicates that AIVC's price experiences larger fluctuations and is considered to be riskier than SWAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIVC | SWAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.81% | 3.97% | +11.84% |
Volatility (6M)Calculated over the trailing 6-month period | 26.60% | 7.97% | +18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.28% | 10.00% | +22.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.73% | 11.43% | +19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 12.49% | +14.67% |
AIVC vs. SWAN - Expense Ratio Comparison
AIVC has a 0.59% expense ratio, which is higher than SWAN's 0.49% expense ratio.
Dividends
AIVC vs. SWAN - Dividend Comparison
AIVC's dividend yield for the trailing twelve months is around 0.10%, less than SWAN's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 0.10% | 0.17% | 0.21% | 0.00% | 0.00% | 0.00% | 0.39% | 1.16% | 0.38% | 0.92% | 0.64% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 2.84% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% |
Frequently Asked Questions
AIVC and SWAN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIVC has higher volatility (15.81%) compared to SWAN (3.97%). In terms of maximum drawdown, AIVC dropped -56.11% vs SWAN's -31.04%.
On 5-year performance, AIVC leads with 16.85% vs 2.87% for SWAN. On fees, SWAN is cheaper at 0.49% per year. On volatility, SWAN has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AIVC has performed better with a 16.85% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SWAN is cheaper with a 0.49% expense ratio, compared with 0.59% for AIVC.
SWAN has the higher dividend yield at 2.84%, compared with 0.10% for AIVC.
AIVC is categorized as Technology Equities, while SWAN is Diversified Portfolio. AIVC tracks Bloomberg AI Value Chain Index, while SWAN tracks S-Network BlackSwan Core Index. Their fees differ too: 0.59% for AIVC and 0.49% for SWAN.
AIVC currently has the higher Sharpe Ratio (3.91 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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