APRT vs. ISWN

Last updated Jun 4, 2026

APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) and ISWN (Amplify BlackSwan ISWN ETF) are both Options Trading funds. APRT is actively managed, while ISWN is passively managed. Over the past 5 years, APRT returned 10.64%/yr vs -0.37%/yr for ISWN. A 0.52 correlation means they provide meaningful diversification when combined. APRT charges 0.74%/yr vs 0.49%/yr for ISWN.

Performance

APRT vs. ISWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and Amplify BlackSwan ISWN ETF (ISWN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRT achieves a 9.89% return, which is significantly higher than ISWN's 4.28% return.

APRT

• 1D: -0.20%
• 1M: 2.07%
• YTD: 9.89%
• 6M: 10.85%
• 1Y: 19.10%
• 3Y*: 14.42%
• 5Y*: 10.64%
• 10Y*: —

ISWN

• 1D: -0.80%
• 1M: 2.01%
• YTD: 4.28%
• 6M: 4.94%
• 1Y: 13.27%
• 3Y*: 8.12%
• 5Y*: -0.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APRT vs. ISWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	9.89%	7.99%	15.15%	22.13%	-6.41%	11.23%
ISWN Amplify BlackSwan ISWN ETF	4.28%	23.23%	-3.96%	8.19%	-24.93%	0.44%

Correlation

The correlation between APRT and ISWN is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.52

The correlation between APRT and ISWN shifts across timeframes, from 0.52 (5 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.

APRT vs. ISWN - Sectors Allocation Comparison

Sectors	APRT	ISWN
Technology	36.2%	10.3%
Financial Services	11.9%	1.6%
Communication Services	10.9%	4.5%
Consumer Cyclical	10.1%	7.7%
Healthcare	8.4%	10.6%
Industrials	8.1%	19.8%
Consumer Defensive	4.9%	6.7%
Energy	3.5%	4.0%
Utilities	2.3%	4.0%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	5.9%

Return for Risk

APRT vs. ISWN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 95
APRT Sortino Ratio Rank: 98
APRT Omega Ratio Rank: 97
APRT Calmar Ratio Rank: 97
APRT Martin Ratio Rank: 98

ISWN

ISWN Risk / Return Rank: 30
ISWN Sharpe Ratio Rank: 30
ISWN Sortino Ratio Rank: 29
ISWN Omega Ratio Rank: 30
ISWN Calmar Ratio Rank: 29
ISWN Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APRT vs. ISWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and Amplify BlackSwan ISWN ETF (ISWN). 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.

	APRT	ISWN	Difference
Sharpe ratio: Return per unit of total volatility	3.83	1.09	+2.73
Sortino ratio: Return per unit of downside risk	6.77	1.60	+5.17
Omega ratio: Gain probability vs. loss probability	1.97	1.20	+0.77
Calmar ratio: Return relative to maximum drawdown	12.06	1.38	+10.67
Martin ratio: Return relative to average drawdown	65.68	4.67	+61.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APRT vs. ISWN - Sharpe Ratio Comparison

The current APRT Sharpe Ratio is 3.83, which is higher than the ISWN Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of APRT and ISWN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APRT	ISWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.83	1.09	+2.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	-0.03	+1.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.01	+1.10

Drawdowns

APRT vs. ISWN - Drawdown Comparison

The maximum APRT drawdown since its inception was -14.98%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for APRT and ISWN.

Drawdown Indicators

	APRT	ISWN	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-32.35%	+17.37%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-9.63%	+8.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	-13.77%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-14.98%	-32.35%	+17.37%
Current Drawdown Current decline from peak	-0.20%	-4.03%	+3.83%
Average Drawdown Average peak-to-trough decline	-2.05%	-16.17%	+14.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	2.85%	-2.56%

Volatility

APRT vs. ISWN - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) is 1.01%, while Amplify BlackSwan ISWN ETF (ISWN) has a volatility of 4.67%. This indicates that APRT experiences smaller price fluctuations and is considered to be less risky than ISWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRT	ISWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	4.67%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	3.99%	10.10%	-6.11%
Volatility (1Y) Calculated over the trailing 1-year period	5.02%	12.20%	-7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	11.67%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.29%	11.57%	-1.28%

APRT vs. ISWN - Expense Ratio Comparison

APRT has a 0.74% expense ratio, which is higher than ISWN's 0.49% expense ratio.

Dividends

APRT vs. ISWN - Dividend Comparison

APRT has not paid dividends to shareholders, while ISWN's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025	2024	2023	2022	2021	2020
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.67%
ISWN Amplify BlackSwan ISWN ETF	2.82%	2.89%	3.27%	2.91%	2.00%	0.76%	0.00%

Frequently Asked Questions

Can I hold both APRT and ISWN in my portfolio?

APRT and ISWN have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APRT or ISWN?

ISWN has higher volatility (4.67%) compared to APRT (1.01%). In terms of maximum drawdown, APRT dropped -14.98% vs ISWN's -32.35%.

Which ETF is better, APRT or ISWN?

On 5-year performance, APRT leads with 10.64% vs -0.37% for ISWN. On fees, ISWN is cheaper at 0.49% per year. On volatility, APRT has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRT or ISWN?

Over the 5-year period, APRT has performed better with a 10.64% return vs -0.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRT or ISWN?

ISWN is cheaper with a 0.49% expense ratio, compared with 0.74% for APRT.

Which ETF pays a higher dividend yield, APRT or ISWN?

ISWN has the higher dividend yield at 2.82%, compared with 0.00% for APRT.

What is the main difference between APRT and ISWN?

They also come from different issuers: Allianz and Amplify. Their fees differ too: 0.74% for APRT and 0.49% for ISWN.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.83 vs 1.09), 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.