ISWN vs. IOCT
Compare and contrast key facts about Amplify BlackSwan ISWN ETF (ISWN) and Innovator International Developed Power Buffer ETF- October (IOCT).
ISWN and IOCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IOCT is an actively managed fund by Innovator. It was launched on Sep 30, 2021.
Performance
ISWN vs. IOCT - Performance Comparison
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ISWN vs. IOCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 0.94% | 23.23% | -3.96% | 8.19% | -24.93% | -0.24% |
IOCT Innovator International Developed Power Buffer ETF- October | 0.55% | 18.96% | 4.88% | 17.54% | -6.31% | 0.98% |
Returns By Period
In the year-to-date period, ISWN achieves a 0.94% return, which is significantly higher than IOCT's 0.55% return.
ISWN
- 1D
- 2.06%
- 1M
- -6.89%
- YTD
- 0.94%
- 6M
- 3.42%
- 1Y
- 15.90%
- 3Y*
- 6.58%
- 5Y*
- -0.01%
- 10Y*
- —
IOCT
- 1D
- 1.79%
- 1M
- -3.76%
- YTD
- 0.55%
- 6M
- 2.58%
- 1Y
- 14.36%
- 3Y*
- 11.57%
- 5Y*
- —
- 10Y*
- —
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ISWN vs. IOCT - Expense Ratio Comparison
ISWN has a 0.49% expense ratio, which is lower than IOCT's 0.85% expense ratio.
Return for Risk
ISWN vs. IOCT — Risk / Return Rank
ISWN
IOCT
ISWN vs. IOCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and Innovator International Developed Power Buffer ETF- October (IOCT). 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.
| ISWN | IOCT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.41 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.02 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.38 | -0.77 |
Martin ratioReturn relative to average drawdown | 6.68 | 8.65 | -1.97 |
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
| ISWN | IOCT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.41 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.82 | -0.87 |
Correlation
The correlation between ISWN and IOCT is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ISWN vs. IOCT - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.91%, while IOCT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 2.91% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
IOCT Innovator International Developed Power Buffer ETF- October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ISWN vs. IOCT - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, which is greater than IOCT's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for ISWN and IOCT.
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Drawdown Indicators
| ISWN | IOCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -16.94% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -5.84% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | -3.97% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -2.73% | -13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.61% | +0.71% |
Volatility
ISWN vs. IOCT - Volatility Comparison
Amplify BlackSwan ISWN ETF (ISWN) has a higher volatility of 6.13% compared to Innovator International Developed Power Buffer ETF- October (IOCT) at 4.41%. This indicates that ISWN's price experiences larger fluctuations and is considered to be riskier than IOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISWN | IOCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 4.41% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 6.00% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 10.21% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.47% | 9.38% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.40% | 9.38% | +2.02% |