CNM vs. ISWN

Last updated Apr 1, 2026

Compare and contrast key facts about Core & Main, Inc. (CNM) and Amplify BlackSwan ISWN ETF (ISWN).

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.

Performance

CNM vs. ISWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core & Main, Inc. (CNM) and Amplify BlackSwan ISWN ETF (ISWN). The values are adjusted to include any dividend payments, if applicable.

CNM vs. ISWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CNM Core & Main, Inc.	-4.95%	2.08%	25.98%	109.27%	-36.35%	51.70%
ISWN Amplify BlackSwan ISWN ETF	0.94%	23.23%	-3.96%	8.19%	-24.93%	-2.12%

Returns By Period

In the year-to-date period, CNM achieves a -4.95% return, which is significantly lower than ISWN's 0.94% return.

CNM

• 1D: 3.46%
• 1M: -8.79%
• YTD: -4.95%
• 6M: -8.23%
• 1Y: 2.26%
• 3Y*: 28.84%
• 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*: —

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

Return for Risk

CNM vs. ISWN — Risk / Return Rank

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

CNM

CNM Risk / Return Rank: 42
CNM Sharpe Ratio Rank: 44
CNM Sortino Ratio Rank: 39
CNM Omega Ratio Rank: 41
CNM Calmar Ratio Rank: 43
CNM Martin Ratio Rank: 43

ISWN

ISWN Risk / Return Rank: 68
ISWN Sharpe Ratio Rank: 74
ISWN Sortino Ratio Rank: 73
ISWN Omega Ratio Rank: 65
ISWN Calmar Ratio Rank: 63
ISWN Martin Ratio Rank: 65

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.

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.

	CNM	ISWN	Difference
Sharpe ratio Return per unit of total volatility	0.05	1.35	-1.30
Sortino ratio Return per unit of downside risk	0.36	1.86	-1.50
Omega ratio Gain probability vs. loss probability	1.06	1.24	-0.18
Calmar ratio Return relative to maximum drawdown	0.05	1.61	-1.55
Martin ratio Return relative to average drawdown	0.11	6.68	-6.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNM vs. ISWN - Sharpe Ratio Comparison

The current CNM Sharpe Ratio is 0.05, which is lower than the ISWN Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of CNM and ISWN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNM	ISWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	1.35	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	-0.04	+0.56

Correlation

The correlation between CNM and ISWN is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 2.91%.

	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	2.91%	2.89%	3.27%	2.91%	2.00%	0.76%

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.

Drawdown Indicators

	CNM	ISWN	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	—	-32.35%	—
Current Drawdown Current decline from peak	-26.25%	-7.11%	-19.14%
Average Drawdown Average peak-to-trough decline	-16.82%	-16.57%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.94%	2.32%	+14.62%

Volatility

CNM vs. ISWN - Volatility Comparison

Core & Main, Inc. (CNM) has a higher volatility of 10.18% compared to Amplify BlackSwan ISWN ETF (ISWN) at 6.13%. 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.

Volatility by Period

	CNM	ISWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.18%	6.13%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	23.40%	8.60%	+14.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.11%	11.81%	+30.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	11.47%	+29.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.99%	11.40%	+29.59%