ISWN vs. CNM
ISWN (Amplify BlackSwan ISWN ETF) is Options Trading fund tracking the S-Network International BlackSwan, while CNM (Core & Main, Inc.) is a stock. Over the past 3 years, ISWN returned 8.86%/yr vs 17.48%/yr for CNM. At a 0.35 correlation, their price movements are largely independent.
Performance
ISWN vs. CNM - Performance Comparison
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Returns By Period
In the year-to-date period, ISWN achieves a 5.44% return, which is significantly higher than CNM's -9.08% return.
ISWN
- 1D
- -0.19%
- 1M
- 1.65%
- YTD
- 5.44%
- 6M
- 5.63%
- 1Y
- 14.94%
- 3Y*
- 8.86%
- 5Y*
- 0.14%
- 10Y*
- —
CNM
- 1D
- -2.74%
- 1M
- -0.04%
- YTD
- -9.08%
- 6M
- -12.98%
- 1Y
- -17.19%
- 3Y*
- 17.48%
- 5Y*
- —
- 10Y*
- —
ISWN vs. CNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 5.44% | 23.23% | -3.96% | 8.19% | -24.93% | -1.77% |
CNM Core & Main, Inc. | -9.08% | 2.08% | 25.98% | 109.27% | -36.35% | 51.70% |
Correlation
The correlation between ISWN and CNM 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
ISWN vs. CNM — Risk / Return Rank
ISWN
CNM
ISWN vs. CNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and Core & Main, Inc. (CNM). 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.
| ISWN | CNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.95 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.51 | +2.07 |
| Martin ratioReturn relative to average drawdown | 5.05 | -0.83 | +5.87 |
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Drawdowns
ISWN vs. CNM - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, smaller than the maximum CNM drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for ISWN and CNM.
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Drawdown Indicators
| ISWN | CNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -40.00% | +7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -33.88% | +24.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -38.74% | +24.97% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -29.46% | +26.49% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -17.22% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 20.86% | -17.89% |
Volatility
ISWN vs. CNM - Volatility Comparison
The current volatility for Amplify BlackSwan ISWN ETF (ISWN) is 4.49%, while Core & Main, Inc. (CNM) has a volatility of 11.39%. This indicates that ISWN experiences smaller price fluctuations and is considered to be less risky than CNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISWN | CNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 11.39% | -6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 23.85% | -13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 40.26% | -27.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.81% | 40.74% | -28.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 40.74% | -29.08% |
Dividends
ISWN vs. CNM - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.79%, while CNM has not paid dividends to shareholders.
| 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 | 2.79% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
Frequently Asked Questions
ISWN and CNM 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 (11.39%) compared to ISWN (4.49%). In terms of maximum drawdown, ISWN dropped -32.35% vs CNM's -40.00%.
ISWN currently has the higher Sharpe Ratio (1.18 vs -0.43), 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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