SWAN vs. TLT
Compare and contrast key facts about Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and iShares 20+ Year Treasury Bond ETF (TLT).
SWAN and TLT 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 Investments that tracks the performance of the S-Network BlackSwan Core Index. It was launched on Nov 6, 2018. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both SWAN and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWAN or TLT.
Key characteristics
| SWAN | TLT | |
|---|---|---|
| YTD Return | 12.64% | -3.58% |
| 1Y Return | 24.85% | 9.49% |
| 3Y Return (Ann) | -3.27% | -12.21% |
| 5Y Return (Ann) | 3.77% | -5.44% |
| Sharpe Ratio | 2.29 | 0.69 |
| Sortino Ratio | 3.26 | 1.06 |
| Omega Ratio | 1.41 | 1.12 |
| Calmar Ratio | 0.92 | 0.22 |
| Martin Ratio | 13.91 | 1.73 |
| Ulcer Index | 1.89% | 5.90% |
| Daily Std Dev | 11.44% | 14.95% |
| Max Drawdown | -31.04% | -48.35% |
| Current Drawdown | -9.51% | -39.92% |
Correlation
The correlation between SWAN and TLT is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SWAN vs. TLT - Performance Comparison
In the year-to-date period, SWAN achieves a 12.64% return, which is significantly higher than TLT's -3.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWAN vs. TLT - Expense Ratio Comparison
SWAN has a 0.49% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
SWAN vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
SWAN vs. TLT - Dividend Comparison
SWAN's dividend yield for the trailing twelve months is around 2.52%, less than TLT's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 2.52% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.99% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
SWAN vs. TLT - Drawdown Comparison
The maximum SWAN drawdown since its inception was -31.04%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SWAN and TLT. For additional features, visit the drawdowns tool.
Volatility
SWAN vs. TLT - Volatility Comparison
The current volatility for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is 2.75%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.76%. This indicates that SWAN experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.