ISWN vs. SEPZ
Compare and contrast key facts about Amplify BlackSwan ISWN ETF (ISWN) and TrueShares Structured Outcome (September) ETF (SEPZ).
ISWN and SEPZ 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. SEPZ is a passively managed fund by TrueShares that tracks the performance of the Cboe S&P 500 Buffer Protect Index September. It was launched on Aug 31, 2020. Both ISWN and SEPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ISWN vs. SEPZ - Performance Comparison
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ISWN vs. SEPZ - 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% | 0.44% |
SEPZ TrueShares Structured Outcome (September) ETF | -3.90% | 13.18% | 18.23% | 17.94% | -8.51% | 19.41% |
Returns By Period
In the year-to-date period, ISWN achieves a 0.94% return, which is significantly higher than SEPZ's -3.90% return.
ISWN
- 1D
- 2.06%
- 1M
- -6.89%
- YTD
- 0.94%
- 6M
- 3.42%
- 1Y
- 15.90%
- 3Y*
- 6.58%
- 5Y*
- -0.01%
- 10Y*
- —
SEPZ
- 1D
- 2.19%
- 1M
- -3.68%
- YTD
- -3.90%
- 6M
- -1.98%
- 1Y
- 12.38%
- 3Y*
- 13.04%
- 5Y*
- 9.81%
- 10Y*
- —
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ISWN vs. SEPZ - Expense Ratio Comparison
ISWN has a 0.49% expense ratio, which is lower than SEPZ's 0.80% expense ratio.
Return for Risk
ISWN vs. SEPZ — Risk / Return Rank
ISWN
SEPZ
ISWN vs. SEPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and TrueShares Structured Outcome (September) ETF (SEPZ). 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 | SEPZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.88 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.37 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.35 | +0.26 |
Martin ratioReturn relative to average drawdown | 6.68 | 6.37 | +0.32 |
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 | SEPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.88 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.80 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.88 | -0.93 |
Correlation
The correlation between ISWN and SEPZ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ISWN vs. SEPZ - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.91%, more than SEPZ's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 2.91% | 2.89% | 3.27% | 2.91% | 2.00% | 0.76% |
SEPZ TrueShares Structured Outcome (September) ETF | 2.28% | 2.20% | 3.62% | 3.55% | 0.69% | 0.05% |
Drawdowns
ISWN vs. SEPZ - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, which is greater than SEPZ's maximum drawdown of -15.22%. Use the drawdown chart below to compare losses from any high point for ISWN and SEPZ.
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Drawdown Indicators
| ISWN | SEPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -15.22% | -17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.40% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | -15.22% | -17.13% |
Current DrawdownCurrent decline from peak | -7.11% | -5.27% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -2.91% | -13.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.00% | +0.32% |
Volatility
ISWN vs. SEPZ - Volatility Comparison
Amplify BlackSwan ISWN ETF (ISWN) has a higher volatility of 6.13% compared to TrueShares Structured Outcome (September) ETF (SEPZ) at 3.95%. This indicates that ISWN's price experiences larger fluctuations and is considered to be riskier than SEPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISWN | SEPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 3.95% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 7.48% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 14.14% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.47% | 12.30% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.40% | 12.53% | -1.13% |