AUGU vs. ISWN

Last updated Aug 4, 2026

AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) and ISWN (Amplify BlackSwan ISWN ETF) are both Options Trading funds. AUGU is actively managed, while ISWN is passively managed. Over the past year, AUGU returned 16.42% vs 13.12% for ISWN. Their 0.58 correlation means they have sometimes moved together and sometimes differently. AUGU charges 0.74%/yr vs 0.49%/yr for ISWN.

Performance

AUGU vs. ISWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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, AUGU achieves a 8.48% return, which is significantly higher than ISWN's 5.31% return.

AUGU

• 1D: 0.94%
• 1M: 1.23%
• 6M: 6.99%
• YTD: 8.48%
• 1Y: 16.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.74%

ISWN

• 1D: 0.41%
• 1M: 0.05%
• 6M: 1.87%
• YTD: 5.31%
• 1Y: 13.12%
• 3Y*: 9.06%
• 5Y*: -0.53%
• 10Y*: —
• ALL TIME*: 0.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	$426.55K	$221.57K	$239.93K
ISWN Amplify BlackSwan ISWN ETF	$41.73K	$37.87K	$41.27K

AUGU vs. ISWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	8.48%	12.54%	4.16%
ISWN Amplify BlackSwan ISWN ETF	5.31%	23.23%	-7.42%

Correlation

The correlation between AUGU and ISWN is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.58

The correlation between AUGU and ISWN shifts across timeframes, from 0.58 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AUGU vs. ISWN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AUGU

AUGU Risk / Return Rank: 60
AUGU Sharpe Ratio Rank: 57
AUGU Sortino Ratio Rank: 57
AUGU Omega Ratio Rank: 55
AUGU Calmar Ratio Rank: 63
AUGU Martin Ratio Rank: 66

ISWN

ISWN Risk / Return Rank: 38
ISWN Sharpe Ratio Rank: 39
ISWN Sortino Ratio Rank: 39
ISWN Omega Ratio Rank: 38
ISWN Calmar Ratio Rank: 38
ISWN Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AUGU vs. ISWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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.

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.

	AUGU	ISWN	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.02	+0.50
Sortino ratio: Return per unit of downside risk	2.17	1.51	+0.66
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.45	1.37	+1.09
Martin ratio: Return relative to average drawdown	8.77	4.14	+4.63

AUGU vs. ISWN - Sharpe Ratio Comparison

The current AUGU Sharpe Ratio is 1.53, which is higher than the ISWN Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of AUGU 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.

Drawdowns

AUGU vs. ISWN - Drawdown Comparison

The maximum AUGU drawdown since its inception was -12.17%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for AUGU and ISWN.

Drawdown Indicators

	AUGU	ISWN	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-32.35%	+20.18%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-9.63%	+2.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.35%	—
Current Drawdown Current decline from peak	-0.76%	-3.08%	+2.32%
Average Drawdown Average peak-to-trough decline	-1.85%	-15.80%	+13.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	3.18%	-1.30%

Volatility

AUGU vs. ISWN - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) and Amplify BlackSwan ISWN ETF (ISWN) have volatilities of 3.78% and 3.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGU	ISWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.90%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	11.23%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	12.90%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.52%	11.92%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.52%	11.68%	-0.16%

AUGU vs. ISWN - Expense Ratio Comparison

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

Dividends

AUGU vs. ISWN - Dividend Comparison

AUGU has not paid dividends to shareholders, while ISWN's dividend yield for the trailing twelve months is around 2.86%.

Position	TTM	2025	2024	2023	2022	2021
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISWN Amplify BlackSwan ISWN ETF	2.86%	2.89%	3.27%	2.91%	2.00%	0.76%

Frequently Asked Questions

Can I hold both AUGU and ISWN in my portfolio?

AUGU and ISWN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUGU or ISWN?

ISWN has higher volatility (3.90%) compared to AUGU (3.78%). In terms of maximum drawdown, AUGU dropped -12.17% vs ISWN's -32.35%.

Which ETF is better, AUGU or ISWN?

On 1-year performance, AUGU leads with 16.42% vs 13.12% for ISWN. On fees, ISWN is cheaper at 0.49% per year. On volatility, AUGU has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGU or ISWN?

Over the 1-year period, AUGU has performed better with a 16.42% return vs 13.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGU or ISWN?

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

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

ISWN has the higher dividend yield at 2.86%, compared with 0.00% for AUGU.

What is the main difference between AUGU and ISWN?

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

Which has better risk-adjusted returns?

AUGU currently has the higher Sharpe Ratio (1.53 vs 1.02), 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.