DJUL vs. ISWN

Last updated Apr 1, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) and Amplify BlackSwan ISWN ETF (ISWN).

DJUL and ISWN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJUL is a passively managed fund by FT Vest that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect July Series Index. It was launched on Jul 16, 2020. 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 DJUL 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

DJUL vs. ISWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) and Amplify BlackSwan ISWN ETF (ISWN). The values are adjusted to include any dividend payments, if applicable.

DJUL vs. ISWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July	-1.74%	13.31%	15.02%	18.08%	-8.28%	5.92%
ISWN Amplify BlackSwan ISWN ETF	0.94%	23.23%	-3.96%	8.19%	-24.93%	0.44%

Returns By Period

In the year-to-date period, DJUL achieves a -1.74% return, which is significantly lower than ISWN's 0.94% return.

DJUL

• 1D: 1.53%
• 1M: -2.40%
• YTD: -1.74%
• 6M: 0.10%
• 1Y: 14.28%
• 3Y*: 13.06%
• 5Y*: 7.68%
• 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)

DJUL vs. ISWN - Expense Ratio Comparison

DJUL has a 0.85% expense ratio, which is higher than ISWN's 0.49% expense ratio.

DJUL

FT Cboe Vest U.S. Equity Deep Buffer ETF - July

ISWN

Amplify BlackSwan ISWN ETF

Return for Risk

DJUL vs. ISWN — Risk / Return Rank

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

DJUL

DJUL Risk / Return Rank: 81
DJUL Sharpe Ratio Rank: 76
DJUL Sortino Ratio Rank: 80
DJUL Omega Ratio Rank: 86
DJUL Calmar Ratio Rank: 76
DJUL Martin Ratio Rank: 87

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.

DJUL vs. ISWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) 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.

	DJUL	ISWN	Difference
Sharpe ratio Return per unit of total volatility	1.44	1.35	+0.08
Sortino ratio Return per unit of downside risk	2.13	1.86	+0.27
Omega ratio Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio Return relative to maximum drawdown	2.07	1.61	+0.46
Martin ratio Return relative to average drawdown	10.81	6.68	+4.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJUL vs. ISWN - Sharpe Ratio Comparison

The current DJUL Sharpe Ratio is 1.44, which is comparable to the ISWN Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of DJUL 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

	DJUL	ISWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.35	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	-0.00	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	-0.04	+1.03

Correlation

The correlation between DJUL and ISWN is 0.51, 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

DJUL vs. ISWN - Dividend Comparison

DJUL 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
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July	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

DJUL vs. ISWN - Drawdown Comparison

The maximum DJUL drawdown since its inception was -12.54%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for DJUL and ISWN.

Drawdown Indicators

	DJUL	ISWN	Difference
Max Drawdown Largest peak-to-trough decline	-12.54%	-32.35%	+19.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-9.63%	+2.52%
Max Drawdown (5Y) Largest decline over 5 years	-12.54%	-32.35%	+19.81%
Current Drawdown Current decline from peak	-2.79%	-7.11%	+4.32%
Average Drawdown Average peak-to-trough decline	-2.05%	-16.57%	+14.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	2.32%	-0.96%

Volatility

DJUL vs. ISWN - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) is 2.88%, while Amplify BlackSwan ISWN ETF (ISWN) has a volatility of 6.13%. This indicates that DJUL 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

	DJUL	ISWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	6.13%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	8.60%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	11.81%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.35%	11.47%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	11.40%	-3.38%