ISWN vs. HACK
ISWN (Amplify BlackSwan ISWN ETF) and HACK (Amplify Cybersecurity ETF) are both exchange-traded funds - ISWN is a Options Trading fund tracking the S-Network International BlackSwan, while HACK is a Technology Equities fund tracking the Nasdaq ISE Cyber Security Select Index. Both are passively managed. Over the past 5 years, ISWN returned -0.26%/yr vs 9.42%/yr for HACK. At a 0.42 correlation, their price movements are largely independent. ISWN charges 0.49%/yr vs 0.60%/yr for HACK.
Performance
ISWN vs. HACK - Performance Comparison
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Returns By Period
In the year-to-date period, ISWN achieves a 4.03% return, which is significantly lower than HACK's 19.40% return.
ISWN
- 1D
- -1.33%
- 1M
- 0.30%
- YTD
- 4.03%
- 6M
- 3.82%
- 1Y
- 12.46%
- 3Y*
- 8.37%
- 5Y*
- -0.26%
- 10Y*
- —
HACK
- 1D
- 1.24%
- 1M
- 1.17%
- YTD
- 19.40%
- 6M
- 17.34%
- 1Y
- 14.12%
- 3Y*
- 25.16%
- 5Y*
- 9.42%
- 10Y*
- 15.64%
ISWN vs. HACK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 4.03% | 23.23% | -3.96% | 8.19% | -24.93% | 0.23% |
HACK Amplify Cybersecurity ETF | 19.40% | 7.97% | 23.49% | 37.44% | -28.16% | -0.91% |
Correlation
The correlation between ISWN and HACK is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | 0.42 |
The correlation between ISWN and HACK shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISWN vs. HACK — Risk / Return Rank
ISWN
HACK
ISWN vs. HACK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and Amplify Cybersecurity ETF (HACK). 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 | HACK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.69 | +0.61 |
| Martin ratioReturn relative to average drawdown | 4.19 | 1.61 | +2.58 |
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Drawdowns
ISWN vs. HACK - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, smaller than the maximum HACK drawdown of -42.68%. Use the drawdown chart below to compare losses from any high point for ISWN and HACK.
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Drawdown Indicators
| ISWN | HACK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -42.68% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -20.67% | +11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -21.90% | +8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | -38.68% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -4.26% | -8.93% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -11.62% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 8.80% | -5.82% |
Volatility
ISWN vs. HACK - Volatility Comparison
The current volatility for Amplify BlackSwan ISWN ETF (ISWN) is 4.70%, while Amplify Cybersecurity ETF (HACK) has a volatility of 11.83%. This indicates that ISWN experiences smaller price fluctuations and is considered to be less risky than HACK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISWN | HACK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 11.83% | -7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 21.94% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 26.06% | -13.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 24.30% | -12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 23.25% | -11.58% |
ISWN vs. HACK - Expense Ratio Comparison
ISWN has a 0.49% expense ratio, which is lower than HACK's 0.60% expense ratio.
Dividends
ISWN vs. HACK - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.83%, more than HACK's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HACK Amplify Cybersecurity ETF | 0.06% | 0.07% | 0.14% | 0.20% | 0.24% | 0.26% | 1.11% | 0.14% | 0.09% | 0.01% | 1.23% |
ISWN Amplify BlackSwan ISWN ETF | 2.83% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISWN and HACK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HACK has higher volatility (11.83%) compared to ISWN (4.70%). In terms of maximum drawdown, ISWN dropped -32.35% vs HACK's -42.68%.
On 5-year performance, HACK leads with 9.42% vs -0.26% for ISWN. On fees, ISWN is cheaper at 0.49% per year. On volatility, ISWN has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HACK has performed better with a 9.42% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISWN is cheaper with a 0.49% expense ratio, compared with 0.60% for HACK.
ISWN has the higher dividend yield at 2.83%, compared with 0.06% for HACK.
ISWN is categorized as Options Trading, while HACK is Technology Equities. ISWN tracks S-Network International BlackSwan, while HACK tracks Nasdaq ISE Cyber Security Select Index. Their fees differ too: 0.49% for ISWN and 0.60% for HACK.
ISWN currently has the higher Sharpe Ratio (0.98 vs 0.55), 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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