ISWN vs. MAIIX

Last updated Jun 4, 2026

ISWN (Amplify BlackSwan ISWN ETF) and MAIIX (iShares MSCI EAFE International Index Fund) are both funds - ISWN is a Options Trading fund tracking the S-Network International BlackSwan, while MAIIX is a Foreign Large Cap Equities fund managed by BlackRock. Over the past 5 years, ISWN returned -0.37%/yr vs 8.87%/yr for MAIIX. A 0.79 correlation means they provide meaningful diversification when combined. ISWN charges 0.49%/yr vs 0.09%/yr for MAIIX.

Performance

ISWN vs. MAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify BlackSwan ISWN ETF (ISWN) and iShares MSCI EAFE International Index Fund (MAIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISWN achieves a 4.28% return, which is significantly lower than MAIIX's 9.66% return.

ISWN

• 1D: -0.80%
• 1M: 2.01%
• YTD: 4.28%
• 6M: 4.94%
• 1Y: 13.27%
• 3Y*: 8.12%
• 5Y*: -0.37%
• 10Y*: —

MAIIX

• 1D: 0.38%
• 1M: 4.17%
• YTD: 9.66%
• 6M: 12.02%
• 1Y: 22.42%
• 3Y*: 17.16%
• 5Y*: 8.87%
• 10Y*: 9.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISWN vs. MAIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISWN Amplify BlackSwan ISWN ETF	4.28%	23.23%	-3.96%	8.19%	-24.93%	0.44%
MAIIX iShares MSCI EAFE International Index Fund	9.66%	31.62%	3.65%	18.35%	-14.15%	8.73%

Correlation

The correlation between ISWN and MAIIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.79

The correlation between ISWN and MAIIX shifts across timeframes, from 0.78 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ISWN vs. MAIIX — Risk / Return Rank

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

ISWN

ISWN Risk / Return Rank: 30
ISWN Sharpe Ratio Rank: 30
ISWN Sortino Ratio Rank: 29
ISWN Omega Ratio Rank: 30
ISWN Calmar Ratio Rank: 29
ISWN Martin Ratio Rank: 32

MAIIX

MAIIX Risk / Return Rank: 26
MAIIX Sharpe Ratio Rank: 25
MAIIX Sortino Ratio Rank: 24
MAIIX Omega Ratio Rank: 25
MAIIX Calmar Ratio Rank: 26
MAIIX Martin Ratio Rank: 31

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.

ISWN vs. MAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and iShares MSCI EAFE International Index Fund (MAIIX). 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	MAIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.43	-0.34
Sortino ratio: Return per unit of downside risk	1.60	2.06	-0.46
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.38	1.91	-0.52
Martin ratio: Return relative to average drawdown	4.67	7.14	-2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISWN vs. MAIIX - Sharpe Ratio Comparison

The current ISWN Sharpe Ratio is 1.09, which is comparable to the MAIIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of ISWN and MAIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISWN	MAIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.43	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.55	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.31	-0.30

Drawdowns

ISWN vs. MAIIX - Drawdown Comparison

The maximum ISWN drawdown since its inception was -32.35%, smaller than the maximum MAIIX drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for ISWN and MAIIX.

Drawdown Indicators

	ISWN	MAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.35%	-61.05%	+28.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-11.31%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-13.77%	-13.68%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.35%	-29.31%	-3.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	-4.03%	-0.38%	-3.65%
Average Drawdown Average peak-to-trough decline	-16.17%	-15.34%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.02%	-0.17%

Volatility

ISWN vs. MAIIX - Volatility Comparison

Amplify BlackSwan ISWN ETF (ISWN) and iShares MSCI EAFE International Index Fund (MAIIX) have volatilities of 4.67% and 4.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISWN	MAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	4.72%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	12.26%	-2.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	15.11%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.67%	16.14%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.57%	16.65%	-5.08%

ISWN vs. MAIIX - Expense Ratio Comparison

ISWN has a 0.49% expense ratio, which is higher than MAIIX's 0.09% expense ratio.

Dividends

ISWN vs. MAIIX - Dividend Comparison

ISWN's dividend yield for the trailing twelve months is around 2.82%, less than MAIIX's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISWN Amplify BlackSwan ISWN ETF	2.82%	2.89%	3.27%	2.91%	2.00%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAIIX iShares MSCI EAFE International Index Fund	3.38%	3.71%	3.38%	3.16%	2.76%	3.00%	1.94%	3.29%	4.53%	2.42%	2.81%	2.40%

Frequently Asked Questions

Can I hold both ISWN and MAIIX in my portfolio?

With a correlation of 0.92, ISWN and MAIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ISWN or MAIIX?

MAIIX has higher volatility (4.72%) compared to ISWN (4.67%). In terms of maximum drawdown, ISWN dropped -32.35% vs MAIIX's -61.05%.

Which has better risk-adjusted returns?

MAIIX currently has the higher Sharpe Ratio (1.43 vs 1.09), 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.