BSTP vs. ISWN
Compare and contrast key facts about Innovator Buffer Step-Up Strategy ETF (BSTP) and Amplify BlackSwan ISWN ETF (ISWN).
BSTP and ISWN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSTP is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Mar 7, 2022. ISWN is a passively managed fund by Amplify that tracks the performance of the S-Network International BlackSwan. It was launched on Jan 25, 2021. Both BSTP and ISWN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BSTP vs. ISWN - Performance Comparison
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BSTP vs. ISWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSTP Innovator Buffer Step-Up Strategy ETF | -3.02% | 11.80% | 16.70% | 18.14% | -4.95% |
ISWN Amplify BlackSwan ISWN ETF | 0.94% | 23.23% | -3.96% | 8.19% | -17.48% |
Returns By Period
In the year-to-date period, BSTP achieves a -3.02% return, which is significantly lower than ISWN's 0.94% return.
BSTP
- 1D
- 2.02%
- 1M
- -3.49%
- YTD
- -3.02%
- 6M
- -1.00%
- 1Y
- 11.32%
- 3Y*
- 12.34%
- 5Y*
- —
- 10Y*
- —
ISWN
- 1D
- 2.06%
- 1M
- -6.89%
- YTD
- 0.94%
- 6M
- 3.42%
- 1Y
- 15.90%
- 3Y*
- 6.58%
- 5Y*
- -0.01%
- 10Y*
- —
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BSTP vs. ISWN - Expense Ratio Comparison
BSTP has a 0.89% expense ratio, which is higher than ISWN's 0.49% expense ratio.
Return for Risk
BSTP vs. ISWN — Risk / Return Rank
BSTP
ISWN
BSTP vs. ISWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Buffer Step-Up Strategy ETF (BSTP) 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.
| BSTP | ISWN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.35 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.86 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.61 | -0.33 |
Martin ratioReturn relative to average drawdown | 6.61 | 6.68 | -0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSTP | ISWN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.35 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | -0.04 | +0.78 |
Correlation
The correlation between BSTP and ISWN is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BSTP vs. ISWN - Dividend Comparison
BSTP has not paid dividends to shareholders, while ISWN's dividend yield for the trailing twelve months is around 2.91%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSTP Innovator Buffer Step-Up Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISWN Amplify BlackSwan ISWN ETF | 2.91% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
Drawdowns
BSTP vs. ISWN - Drawdown Comparison
The maximum BSTP drawdown since its inception was -16.69%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for BSTP and ISWN.
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Drawdown Indicators
| BSTP | ISWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -32.35% | +15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.63% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.35% | — |
Current DrawdownCurrent decline from peak | -4.34% | -7.11% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -16.57% | +12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.32% | -0.55% |
Volatility
BSTP vs. ISWN - Volatility Comparison
The current volatility for Innovator Buffer Step-Up Strategy ETF (BSTP) is 3.88%, while Amplify BlackSwan ISWN ETF (ISWN) has a volatility of 6.13%. This indicates that BSTP 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.
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Volatility by Period
| BSTP | ISWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 6.13% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 8.60% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 11.81% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 11.47% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.28% | 11.40% | +0.88% |