SWAN vs. VOO
SWAN (Amplify BlackSwan Growth & Treasury Core ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SWAN is a Diversified Portfolio fund tracking the S-Network BlackSwan Core Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SWAN returned 3.07%/yr vs 13.58%/yr for VOO. A 0.75 correlation means they provide meaningful diversification when combined. SWAN charges 0.49%/yr vs 0.03%/yr for VOO.
Performance
SWAN vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, SWAN achieves a 3.97% return, which is significantly lower than VOO's 9.75% return.
SWAN
- 1D
- -0.59%
- 1M
- 0.16%
- YTD
- 3.97%
- 6M
- 3.85%
- 1Y
- 15.75%
- 3Y*
- 12.44%
- 5Y*
- 3.07%
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
SWAN vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.97% | 13.93% | 13.44% | 12.07% | -27.77% | 10.55% | 16.17% | 22.03% | -2.27% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -8.03% |
Correlation
The correlation between SWAN and VOO is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.75 |
The correlation between SWAN and VOO shifts across timeframes, from 0.75 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SWAN vs. VOO — Risk / Return Rank
SWAN
VOO
SWAN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.02 | -0.78 |
| Martin ratioReturn relative to average drawdown | 8.60 | 13.58 | -4.98 |
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Drawdowns
SWAN vs. VOO - Drawdown Comparison
The maximum SWAN drawdown since its inception was -31.04%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SWAN and VOO.
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Drawdown Indicators
| SWAN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.04% | -33.99% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -8.90% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.07% | -18.69% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -24.52% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.74% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -3.68% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.98% | -0.14% |
Volatility
SWAN vs. VOO - Volatility Comparison
The current volatility for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is 3.91%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that SWAN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWAN | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.60% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 9.73% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 12.39% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 16.90% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.49% | 18.05% | -5.56% |
SWAN vs. VOO - Expense Ratio Comparison
SWAN has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
SWAN vs. VOO - Dividend Comparison
SWAN's dividend yield for the trailing twelve months is around 2.82%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 2.82% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
SWAN and VOO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.60%) compared to SWAN (3.91%). In terms of maximum drawdown, SWAN dropped -31.04% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.58% vs 3.07% for SWAN. On fees, VOO is cheaper at 0.03% per year. On volatility, SWAN has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.58% return vs 3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.49% for SWAN.
SWAN has the higher dividend yield at 2.82%, compared with 1.04% for VOO.
SWAN is categorized as Diversified Portfolio, while VOO is S&P 500. SWAN tracks S-Network BlackSwan Core Index, while VOO tracks S&P 500 Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.49% for SWAN and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.17 vs 1.59), 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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