MAIIX vs. ISWN
MAIIX (iShares MSCI EAFE International Index Fund) and ISWN (Amplify BlackSwan ISWN ETF) are both funds - MAIIX is a Foreign Large Cap Equities fund managed by BlackRock, while ISWN is a Options Trading fund tracking the S-Network International BlackSwan. Over the past 5 years, MAIIX returned 9.47%/yr vs 0.14%/yr for ISWN. A 0.79 correlation means they provide meaningful diversification when combined. MAIIX charges 0.09%/yr vs 0.49%/yr for ISWN.
Performance
MAIIX vs. ISWN - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.70% return, which is significantly higher than ISWN's 5.44% return.
MAIIX
- 1D
- 0.80%
- 1M
- 2.00%
- YTD
- 10.70%
- 6M
- 11.04%
- 1Y
- 25.39%
- 3Y*
- 16.34%
- 5Y*
- 9.47%
- 10Y*
- 9.62%
ISWN
- 1D
- -0.19%
- 1M
- 1.65%
- YTD
- 5.44%
- 6M
- 5.63%
- 1Y
- 14.94%
- 3Y*
- 8.86%
- 5Y*
- 0.14%
- 10Y*
- —
MAIIX vs. ISWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.70% | 31.62% | 3.65% | 18.35% | -14.15% | 8.87% |
ISWN Amplify BlackSwan ISWN ETF | 5.44% | 23.23% | -3.96% | 8.19% | -24.93% | 0.23% |
Correlation
The correlation between MAIIX and ISWN is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | 0.79 |
The correlation between MAIIX and ISWN shifts across timeframes, from 0.79 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAIIX vs. ISWN — Risk / Return Rank
MAIIX
ISWN
MAIIX vs. ISWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) and Amplify BlackSwan ISWN ETF (ISWN). 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.
| MAIIX | ISWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.56 | +0.61 |
| Martin ratioReturn relative to average drawdown | 8.10 | 5.05 | +3.06 |
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Drawdowns
MAIIX vs. ISWN - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than ISWN's maximum drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for MAIIX and ISWN.
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Drawdown Indicators
| MAIIX | ISWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -32.35% | -28.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -9.63% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.77% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -32.35% | +3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -16.06% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.97% | +0.05% |
Volatility
MAIIX vs. ISWN - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) has a higher volatility of 4.98% compared to Amplify BlackSwan ISWN ETF (ISWN) at 4.49%. This indicates that MAIIX's price experiences larger fluctuations and is considered to be riskier than ISWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | ISWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.49% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 10.78% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 12.71% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 11.81% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 11.66% | +5.00% |
MAIIX vs. ISWN - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is lower than ISWN's 0.49% expense ratio.
Dividends
MAIIX vs. ISWN - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.35%, more than ISWN's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISWN Amplify BlackSwan ISWN ETF | 2.79% | 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 | 3.35% | 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
With a correlation of 0.93, MAIIX and ISWN 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.
MAIIX has higher volatility (4.98%) compared to ISWN (4.49%). In terms of maximum drawdown, MAIIX dropped -61.05% vs ISWN's -32.35%.
MAIIX currently has the higher Sharpe Ratio (1.58 vs 1.18), 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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