ISWN vs. NVII

Last updated Jul 17, 2026

ISWN (Amplify BlackSwan ISWN ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - ISWN is a Options Trading fund tracking the S-Network International BlackSwan, while NVII is a Derivative Income fund actively managed by REX. ISWN is passively managed, while NVII is actively managed. Over the past year, ISWN returned 12.60% vs 29.35% for NVII. At a 0.28 correlation, their price movements are largely independent. ISWN charges 0.49%/yr vs 0.99%/yr for NVII.

Performance

ISWN vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify BlackSwan ISWN ETF (ISWN) and REX NVIDIA Growth & Income ETF (NVII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISWN achieves a 4.43% return, which is significantly lower than NVII's 13.29% return.

ISWN

• 1D: -0.69%
• 1M: -1.08%
• 6M: 2.07%
• YTD: 4.43%
• 1Y: 12.60%
• 3Y*: 7.85%
• 5Y*: -0.20%
• 10Y*: —

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISWN vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
ISWN Amplify BlackSwan ISWN ETF	4.43%	8.34%
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%

Correlation

The correlation between ISWN and NVII is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.28

Return for Risk

ISWN vs. NVII — Risk / Return Rank

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

ISWN

ISWN Risk / Return Rank: 33
ISWN Sharpe Ratio Rank: 33
ISWN Sortino Ratio Rank: 32
ISWN Omega Ratio Rank: 32
ISWN Calmar Ratio Rank: 32
ISWN Martin Ratio Rank: 34

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

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. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and REX NVIDIA Growth & Income ETF (NVII). 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	NVII	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.81	+0.17
Sortino ratio: Return per unit of downside risk	1.45	1.28	+0.18
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.02
Calmar ratio: Return relative to maximum drawdown	1.31	1.59	-0.27
Martin ratio: Return relative to average drawdown	4.11	3.46	+0.65

ISWN vs. NVII - Sharpe Ratio Comparison

The current ISWN Sharpe Ratio is 0.99, which is comparable to the NVII Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ISWN and NVII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ISWN vs. NVII - Drawdown Comparison

The maximum ISWN drawdown since its inception was -32.35%, which is greater than NVII's maximum drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for ISWN and NVII.

Drawdown Indicators

	ISWN	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-32.35%	-18.56%	-13.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-18.56%	+8.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.35%	—	—
Current Drawdown Current decline from peak	-3.90%	-10.29%	+6.39%
Average Drawdown Average peak-to-trough decline	-15.90%	-6.23%	-9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	8.51%	-5.44%

Volatility

ISWN vs. NVII - Volatility Comparison

The current volatility for Amplify BlackSwan ISWN ETF (ISWN) is 3.73%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 10.42%. This indicates that ISWN experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISWN	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	10.42%	-6.69%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	27.93%	-16.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	36.25%	-23.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	35.52%	-23.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.67%	35.52%	-23.85%

ISWN vs. NVII - Expense Ratio Comparison

ISWN has a 0.49% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

ISWN vs. NVII - Dividend Comparison

ISWN's dividend yield for the trailing twelve months is around 2.88%, less than NVII's 55.68% yield.

Position	TTM	2025	2024	2023	2022	2021
ISWN Amplify BlackSwan ISWN ETF	2.88%	2.89%	3.27%	2.91%	2.00%	0.76%
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISWN and NVII in my portfolio?

ISWN and NVII have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISWN or NVII?

NVII has higher volatility (10.42%) compared to ISWN (3.73%). In terms of maximum drawdown, ISWN dropped -32.35% vs NVII's -18.56%.

Which ETF is better, ISWN or NVII?

On 1-year performance, NVII leads with 29.35% vs 12.60% for ISWN. On fees, ISWN is cheaper at 0.49% per year. On volatility, ISWN has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISWN or NVII?

Over the 1-year period, NVII has performed better with a 29.35% return vs 12.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISWN or NVII?

ISWN is cheaper with a 0.49% expense ratio, compared with 0.99% for NVII.

Which ETF pays a higher dividend yield, ISWN or NVII?

NVII has the higher dividend yield at 55.68%, compared with 2.88% for ISWN.

What is the main difference between ISWN and NVII?

ISWN is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: Amplify and REX. Their fees differ too: 0.49% for ISWN and 0.99% for NVII.

Which has better risk-adjusted returns?

ISWN currently has the higher Sharpe Ratio (0.99 vs 0.81), 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.