ISWN vs. NTSX
ISWN (Amplify BlackSwan ISWN ETF) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - ISWN is a Options Trading fund tracking the S-Network International BlackSwan, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. ISWN is passively managed, while NTSX is actively managed. Over the past 5 years, ISWN returned -0.39%/yr vs 8.15%/yr for NTSX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. ISWN charges 0.49%/yr vs 0.20%/yr for NTSX.
Performance
ISWN vs. NTSX - Performance Comparison
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Returns By Period
In the year-to-date period, ISWN achieves a 4.88% return, which is significantly lower than NTSX's 7.28% return.
ISWN
- 1D
- -0.78%
- 1M
- -0.36%
- 6M
- 1.64%
- YTD
- 4.88%
- 1Y
- 12.65%
- 3Y*
- 8.59%
- 5Y*
- -0.39%
- 10Y*
- —
- ALL TIME*
- 0.19%
NTSX
- 1D
- 0.71%
- 1M
- -0.51%
- 6M
- 6.45%
- YTD
- 7.28%
- 1Y
- 17.51%
- 3Y*
- 16.97%
- 5Y*
- 8.15%
- 10Y*
- —
- ALL TIME*
- 12.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.70K | $37.63K | $41.07K | |
| $1.95M | $1.79M | $2.60M |
ISWN vs. NTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 4.88% | 23.23% | -3.96% | 8.19% | -24.93% | 0.23% |
NTSX WisdomTree U.S. Efficient Core Fund | 7.28% | 18.82% | 20.20% | 22.70% | -25.84% | 19.82% |
Correlation
The correlation between ISWN and NTSX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | 0.65 |
The correlation between ISWN and NTSX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
ISWN vs. NTSX — Risk / Return Rank
ISWN
NTSX
ISWN vs. NTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and WisdomTree U.S. Efficient Core Fund (NTSX). 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 | NTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.79 | -0.39 |
| Martin ratioReturn relative to average drawdown | 4.25 | 7.28 | -3.03 |
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Drawdowns
ISWN vs. NTSX - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, roughly equal to the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for ISWN and NTSX.
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Drawdown Indicators
| ISWN | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -31.34% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.16% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -16.82% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | -31.34% | -1.01% |
Current DrawdownCurrent decline from peak | -3.48% | -2.27% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -6.70% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.26% | +0.91% |
Volatility
ISWN vs. NTSX - Volatility Comparison
Amplify BlackSwan ISWN ETF (ISWN) and WisdomTree U.S. Efficient Core Fund (NTSX) have volatilities of 3.96% and 3.82%, 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.
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Volatility by Period
| ISWN | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 3.82% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 10.74% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 13.29% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 17.20% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 18.22% | -6.54% |
ISWN vs. NTSX - Expense Ratio Comparison
ISWN has a 0.49% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
ISWN vs. NTSX - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.87%, more than NTSX's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 2.87% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% | 0.00% | 0.00% | 0.00% |
NTSX WisdomTree U.S. Efficient Core Fund | 1.10% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% |
Frequently Asked Questions
ISWN and NTSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISWN has higher volatility (3.96%) compared to NTSX (3.82%). In terms of maximum drawdown, ISWN dropped -32.35% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 8.15% vs -0.39% for ISWN. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NTSX has performed better with a 8.15% return vs -0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 0.49% for ISWN.
ISWN has the higher dividend yield at 2.87%, compared with 1.10% for NTSX.
ISWN is categorized as Options Trading, while NTSX is Diversified Portfolio. They also come from different issuers: Amplify and WisdomTree. Their fees differ too: 0.49% for ISWN and 0.20% for NTSX.
NTSX currently has the higher Sharpe Ratio (1.24 vs 1.05), 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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