SWAN vs. ASET

Last updated Jun 24, 2026

SWAN (Amplify BlackSwan Growth & Treasury Core ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds - SWAN tracks the S-Network BlackSwan Core Index while ASET tracks the Northern Trust Real Assets Allocation Total Return. Both are passively managed. SWAN charges 0.49%/yr vs 0.57%/yr for ASET.

Performance

SWAN vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SWAN

• 1D: -0.65%
• 1M: -0.50%
• YTD: 3.29%
• 6M: 2.73%
• 1Y: 14.05%
• 3Y*: 12.19%
• 5Y*: 2.87%
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWAN vs. ASET - Yearly Performance Comparison

	2026 (YTD)
SWAN Amplify BlackSwan Growth & Treasury Core ETF	4.12%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

SWAN vs. ASET — Risk / Return Rank

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

SWAN

SWAN Risk / Return Rank: 43
SWAN Sharpe Ratio Rank: 42
SWAN Sortino Ratio Rank: 41
SWAN Omega Ratio Rank: 40
SWAN Calmar Ratio Rank: 42
SWAN Martin Ratio Rank: 48

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SWAN vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	SWAN	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	2.02	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.00	—	—
Martin ratio: Return relative to average drawdown	7.65	—	—

Drawdowns

SWAN vs. ASET - Drawdown Comparison

The maximum SWAN drawdown since its inception was -31.04%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SWAN and ASET.

Drawdown Indicators

	SWAN	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-31.04%	0.00%	-31.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.04%	—	—
Current Drawdown Current decline from peak	-2.43%	0.00%	-2.43%
Average Drawdown Average peak-to-trough decline	-8.83%	0.00%	-8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	—	—

Volatility

Volatility by Period

	SWAN	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	0.00%	+10.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.43%	0.00%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	0.00%	+12.49%

SWAN vs. ASET - Expense Ratio Comparison

SWAN has a 0.49% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

SWAN vs. ASET - Dividend Comparison

SWAN's dividend yield for the trailing twelve months is around 2.84%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWAN Amplify BlackSwan Growth & Treasury Core ETF	2.84%	2.86%	2.54%	2.98%	2.12%	5.04%	1.64%	3.69%	0.29%

Frequently Asked Questions

Which ETF is better, SWAN or ASET?

On fees, SWAN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SWAN or ASET?

SWAN is cheaper with a 0.49% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, SWAN or ASET?

SWAN has the higher dividend yield at 2.84%, compared with 0.00% for ASET.

What is the main difference between SWAN and ASET?

SWAN tracks S-Network BlackSwan Core Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: Amplify and Northern Trust. Their fees differ too: 0.49% for SWAN and 0.57% for ASET.