FSEP vs. ISWN
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) and Amplify BlackSwan ISWN ETF (ISWN).
FSEP and ISWN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSEP is a passively managed fund by FT Vest that tracks the performance of the Cboe S&P 500 Buffer Protect Index September. It was launched on Sep 17, 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 FSEP 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
FSEP vs. ISWN - Performance Comparison
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FSEP vs. ISWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September | -2.39% | 12.83% | 13.56% | 20.23% | -7.05% | 11.03% |
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, FSEP achieves a -2.39% return, which is significantly lower than ISWN's 0.94% return.
FSEP
- 1D
- 2.14%
- 1M
- -2.97%
- YTD
- -2.39%
- 6M
- -0.42%
- 1Y
- 12.97%
- 3Y*
- 12.49%
- 5Y*
- 8.58%
- 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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FSEP vs. ISWN - Expense Ratio Comparison
FSEP has a 0.85% expense ratio, which is higher than ISWN's 0.49% expense ratio.
Return for Risk
FSEP vs. ISWN — Risk / Return Rank
FSEP
ISWN
FSEP vs. ISWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) 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.
| FSEP | ISWN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.35 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.86 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.61 | +0.03 |
Martin ratioReturn relative to average drawdown | 8.32 | 6.68 | +1.64 |
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
| FSEP | ISWN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.35 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | -0.00 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | -0.04 | +1.00 |
Correlation
The correlation between FSEP and ISWN is 0.52, 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
FSEP vs. ISWN - Dividend Comparison
FSEP 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 | |
|---|---|---|---|---|---|---|
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September | 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
FSEP vs. ISWN - Drawdown Comparison
The maximum FSEP drawdown since its inception was -13.79%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for FSEP and ISWN.
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Drawdown Indicators
| FSEP | ISWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -32.35% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.63% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.79% | -32.35% | +18.56% |
Current DrawdownCurrent decline from peak | -3.60% | -7.11% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -16.57% | +14.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.32% | -0.72% |
Volatility
FSEP vs. ISWN - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - September (FSEP) is 3.75%, while Amplify BlackSwan ISWN ETF (ISWN) has a volatility of 6.13%. This indicates that FSEP 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
| FSEP | ISWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 6.13% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 8.60% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 11.81% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 11.47% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.64% | 11.40% | -0.76% |