SWAN vs. QQQ
Compare and contrast key facts about Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and Invesco QQQ ETF (QQQ).
SWAN and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SWAN is a passively managed fund by Amplify that tracks the performance of the S-Network BlackSwan Core Index. It was launched on Nov 6, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SWAN and QQQ 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
SWAN vs. QQQ - Performance Comparison
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SWAN vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | -3.58% | 13.93% | 13.44% | 12.07% | -27.77% | 10.55% | 16.17% | 22.03% | -2.23% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -9.13% |
Returns By Period
In the year-to-date period, SWAN achieves a -3.58% return, which is significantly higher than QQQ's -5.93% return.
SWAN
- 1D
- 1.86%
- 1M
- -5.08%
- YTD
- -3.58%
- 6M
- -2.03%
- 1Y
- 11.49%
- 3Y*
- 9.86%
- 5Y*
- 2.53%
- 10Y*
- —
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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SWAN vs. QQQ - Expense Ratio Comparison
SWAN has a 0.49% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
SWAN vs. QQQ — Risk / Return Rank
SWAN
QQQ
SWAN vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and Invesco QQQ ETF (QQQ). 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.
| SWAN | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.05 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.63 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.88 | -0.20 |
Martin ratioReturn relative to average drawdown | 6.45 | 6.95 | -0.50 |
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
| SWAN | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.05 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.58 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.37 | +0.11 |
Correlation
The correlation between SWAN and QQQ is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWAN vs. QQQ - Dividend Comparison
SWAN's dividend yield for the trailing twelve months is around 3.04%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.04% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
SWAN vs. QQQ - Drawdown Comparison
The maximum SWAN drawdown since its inception was -31.04%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SWAN and QQQ.
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Drawdown Indicators
| SWAN | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.04% | -82.97% | +51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -12.62% | +5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -35.12% | +4.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -5.18% | -8.98% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -32.99% | +23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.41% | -1.58% |
Volatility
SWAN vs. QQQ - Volatility Comparison
The current volatility for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is 4.11%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that SWAN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWAN | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 6.51% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 12.77% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 22.67% | -12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 22.39% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.50% | 22.25% | -9.75% |