CNM vs. ISWN
CNM (Core & Main, Inc.) is a stock, while ISWN (Amplify BlackSwan ISWN ETF) is Options Trading fund tracking the S-Network International BlackSwan. Over the past 3 years, CNM returned 13.54%/yr vs 9.03%/yr for ISWN. At a 0.35 correlation, their price movements are largely independent.
Performance
CNM vs. ISWN - Performance Comparison
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Returns By Period
In the year-to-date period, CNM achieves a -11.76% return, which is significantly lower than ISWN's 4.89% return.
CNM
- 1D
- 1.44%
- 1M
- -5.11%
- 6M
- -19.02%
- YTD
- -11.76%
- 1Y
- -25.53%
- 3Y*
- 13.54%
- 5Y*
- —
- 10Y*
- —
ISWN
- 1D
- 0.23%
- 1M
- 0.19%
- 6M
- 2.96%
- YTD
- 4.89%
- 1Y
- 12.70%
- 3Y*
- 9.03%
- 5Y*
- -0.23%
- 10Y*
- —
CNM vs. ISWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | -11.76% | 2.08% | 25.98% | 109.27% | -36.35% | 51.70% |
ISWN Amplify BlackSwan ISWN ETF | 4.89% | 23.23% | -3.96% | 8.19% | -24.93% | -1.77% |
Correlation
The correlation between CNM and ISWN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021 | 0.35 |
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Return for Risk
CNM vs. ISWN — Risk / Return Rank
CNM
ISWN
CNM vs. ISWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core & Main, Inc. (CNM) 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.
| CNM | ISWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.16 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.17 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.20 | 3.71 | -4.91 |
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Drawdowns
CNM vs. ISWN - Drawdown Comparison
The maximum CNM drawdown since its inception was -40.00%, which is greater than ISWN's maximum drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for CNM and ISWN.
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Drawdown Indicators
| CNM | ISWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -32.35% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -33.88% | -9.63% | -24.25% |
Max Drawdown (3Y)Largest decline over 3 years | -38.74% | -13.77% | -24.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.35% | — |
Current DrawdownCurrent decline from peak | -31.53% | -3.47% | -28.06% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -15.94% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 3.05% | +18.93% |
Volatility
CNM vs. ISWN - Volatility Comparison
Core & Main, Inc. (CNM) has a higher volatility of 12.51% compared to Amplify BlackSwan ISWN ETF (ISWN) at 4.52%. This indicates that CNM's price experiences larger fluctuations and is considered to be riskier 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
| CNM | ISWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.51% | 4.52% | +7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 11.06% | +13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.73% | 12.84% | +27.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.68% | 11.85% | +28.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 11.66% | +29.02% |
Dividends
CNM vs. ISWN - Dividend Comparison
CNM has not paid dividends to shareholders, while ISWN's dividend yield for the trailing twelve months is around 2.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISWN Amplify BlackSwan ISWN ETF | 2.87% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
Frequently Asked Questions
CNM and ISWN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNM has higher volatility (12.51%) compared to ISWN (4.52%). In terms of maximum drawdown, CNM dropped -40.00% vs ISWN's -32.35%.
ISWN currently has the higher Sharpe Ratio (0.88 vs -0.65), 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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