SWAN vs. RSP

Last updated Jun 4, 2026

SWAN (Amplify BlackSwan Growth & Treasury Core ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - SWAN is a Diversified Portfolio fund tracking the S-Network BlackSwan Core Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, SWAN returned 3.38%/yr vs 8.33%/yr for RSP. A 0.65 correlation means they provide meaningful diversification when combined. SWAN charges 0.49%/yr vs 0.20%/yr for RSP.

Performance

SWAN vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWAN achieves a 5.21% return, which is significantly lower than RSP's 9.70% return.

SWAN

• 1D: -0.61%
• 1M: 3.71%
• YTD: 5.21%
• 6M: 4.34%
• 1Y: 17.67%
• 3Y*: 12.85%
• 5Y*: 3.38%
• 10Y*: —

RSP

• 1D: -0.38%
• 1M: 3.77%
• YTD: 9.70%
• 6M: 10.18%
• 1Y: 19.50%
• 3Y*: 15.23%
• 5Y*: 8.33%
• 10Y*: 11.86%

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

SWAN vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SWAN Amplify BlackSwan Growth & Treasury Core ETF	5.21%	13.93%	13.44%	12.07%	-27.77%	10.55%	16.17%	22.03%	-2.23%
RSP Invesco S&P 500 Equal Weight ETF	9.70%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-9.50%

Correlation

The correlation between SWAN and RSP is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018	0.65

The correlation between SWAN and RSP has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

SWAN vs. RSP - Sectors Allocation Comparison

Sectors	SWAN	RSP
Technology	35.6%	19.6%
Financial Services	11.8%	14.5%
Communication Services	11.2%	3.7%
Consumer Cyclical	10.1%	9.9%
Healthcare	8.5%	11.0%
Industrials	8.3%	14.1%
Consumer Defensive	4.9%	6.5%
Energy	3.5%	4.5%
Utilities	2.4%	6.1%
Real Estate	1.9%	6.0%
Basic Materials	1.8%	4.1%

Return for Risk

SWAN vs. RSP — Risk / Return Rank

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

SWAN

SWAN Risk / Return Rank: 54
SWAN Sharpe Ratio Rank: 55
SWAN Sortino Ratio Rank: 56
SWAN Omega Ratio Rank: 54
SWAN Calmar Ratio Rank: 50
SWAN Martin Ratio Rank: 56

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 50
RSP Martin Ratio Rank: 54

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. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and Invesco S&P 500 Equal Weight ETF (RSP). 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	RSP	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.70	+0.19
Sortino ratio Return per unit of downside risk	2.71	2.47	+0.24
Omega ratio Gain probability vs. loss probability	1.34	1.30	+0.04
Calmar ratio Return relative to maximum drawdown	2.52	2.49	+0.02
Martin ratio Return relative to average drawdown	9.93	9.48	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWAN vs. RSP - Sharpe Ratio Comparison

The current SWAN Sharpe Ratio is 1.89, which is comparable to the RSP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of SWAN and RSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWAN	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.70	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.52	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.57	+0.01

Drawdowns

SWAN vs. RSP - Drawdown Comparison

The maximum SWAN drawdown since its inception was -31.04%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SWAN and RSP.

Drawdown Indicators

	SWAN	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-31.04%	-59.92%	+28.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-7.85%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	-17.81%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-31.04%	-21.38%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-0.61%	-0.38%	-0.23%
Average Drawdown Average peak-to-trough decline	-8.88%	-6.65%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.06%	-0.28%

Volatility

SWAN vs. RSP - Volatility Comparison

Amplify BlackSwan Growth & Treasury Core ETF (SWAN) has a higher volatility of 3.48% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.56%. This indicates that SWAN's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWAN	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.56%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	7.28%	8.29%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	11.56%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.33%	16.18%	-4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.47%	18.35%	-5.88%

SWAN vs. RSP - Expense Ratio Comparison

SWAN has a 0.49% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

SWAN vs. RSP - Dividend Comparison

SWAN's dividend yield for the trailing twelve months is around 2.79%, more than RSP's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.49%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
SWAN Amplify BlackSwan Growth & Treasury Core ETF	2.79%	2.86%	2.54%	2.98%	2.12%	5.04%	1.64%	3.69%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SWAN and RSP in my portfolio?

SWAN and RSP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWAN or RSP?

SWAN has higher volatility (3.48%) compared to RSP (2.56%). In terms of maximum drawdown, SWAN dropped -31.04% vs RSP's -59.92%.

Which ETF is better, SWAN or RSP?

On 5-year performance, RSP leads with 8.33% vs 3.38% for SWAN. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SWAN or RSP?

Over the 5-year period, RSP has performed better with a 8.33% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SWAN or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.49% for SWAN.

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

SWAN has the higher dividend yield at 2.79%, compared with 1.49% for RSP.

What is the main difference between SWAN and RSP?

SWAN is categorized as Diversified Portfolio, while RSP is S&P 500. SWAN tracks S-Network BlackSwan Core Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.49% for SWAN and 0.20% for RSP.

Which has better risk-adjusted returns?

SWAN currently has the higher Sharpe Ratio (1.89 vs 1.70), 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.