ISWN vs. VOO
ISWN (Amplify BlackSwan ISWN ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ISWN is a Options Trading fund tracking the S-Network International BlackSwan, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ISWN returned -0.18%/yr vs 13.02%/yr for VOO. A 0.56 correlation means they provide meaningful diversification when combined. ISWN charges 0.49%/yr vs 0.03%/yr for VOO.
Performance
ISWN vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ISWN achieves a 4.35% return, which is significantly lower than VOO's 8.08% return.
ISWN
- 1D
- 0.30%
- 1M
- 0.60%
- YTD
- 4.35%
- 6M
- 3.93%
- 1Y
- 11.75%
- 3Y*
- 8.48%
- 5Y*
- -0.18%
- 10Y*
- —
VOO
- 1D
- -0.10%
- 1M
- -1.44%
- YTD
- 8.08%
- 6M
- 6.78%
- 1Y
- 22.23%
- 3Y*
- 20.75%
- 5Y*
- 13.02%
- 10Y*
- 15.60%
ISWN vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 4.35% | 23.23% | -3.96% | 8.19% | -24.93% | 0.23% |
VOO Vanguard S&P 500 ETF | 8.08% | 17.82% | 24.98% | 26.32% | -18.17% | 25.28% |
Correlation
The correlation between ISWN and VOO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | 0.56 |
The correlation between ISWN and VOO shifts across timeframes, from 0.55 (5 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISWN vs. VOO — Risk / Return Rank
ISWN
VOO
ISWN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan ISWN ETF (ISWN) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.51 | -1.28 |
| Martin ratioReturn relative to average drawdown | 3.94 | 11.16 | -7.22 |
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Drawdowns
ISWN vs. VOO - Drawdown Comparison
The maximum ISWN drawdown since its inception was -32.35%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ISWN and VOO.
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Drawdown Indicators
| ISWN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.35% | -33.99% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -8.90% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -18.69% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.35% | -24.52% | -7.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -3.97% | -3.23% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -16.04% | -3.68% | -12.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.00% | +0.99% |
Volatility
ISWN vs. VOO - Volatility Comparison
Amplify BlackSwan ISWN ETF (ISWN) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.71% and 4.80%, 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.80% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 9.79% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 12.43% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.81% | 16.91% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 18.02% | -6.36% |
ISWN vs. VOO - Expense Ratio Comparison
ISWN has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
ISWN vs. VOO - Dividend Comparison
ISWN's dividend yield for the trailing twelve months is around 2.82%, more than VOO's 1.05% 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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
ISWN and VOO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.80%) compared to ISWN (4.71%). In terms of maximum drawdown, ISWN dropped -32.35% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.02% vs -0.18% for ISWN. On fees, VOO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.02% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.49% for ISWN.
ISWN has the higher dividend yield at 2.82%, compared with 1.05% for VOO.
ISWN is categorized as Options Trading, while VOO is S&P 500. ISWN tracks S-Network International BlackSwan, while VOO tracks S&P 500 Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.49% for ISWN and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.80 vs 0.93), 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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