Amplify BlackSwan ISWN ETF (ISWN) Performance
ISWN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.2% since Dec 31, 2025
- 1 year
- +0.7% total return
- 5 years
- −1.0% a year
- Since first price
- −0.6% a year since 2021
ISWN trailing returns vs SPY, QQQ, AGG
| Period | ISWN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.0% | −3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.5% | −5.0% | +7.8% | +8.4% | −1.5% |
| YTD | −0.2% | −2.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.7% | −2.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +34.9%+10.5%/yr | +23.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −4.8%−1.0%/yr | −17.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 26, 2021 | −3.6%−0.6%/yr | −16.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ISWN vs SPY
From Jan 26, 2021: ISWN grew to $9,639, SPY to $21,379.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ISWN returns by calendar year
2 of 4 full years positive. Best 2025 (+23.2%), worst 2022 (−24.9%). 2026 is year to date.
ISWN annual returns table
| Year | ISWN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.2% | −9.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.2% | −7.4% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.0% | −12.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.2% | −13.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.9% | −29.1% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ISWN largest drawdowns
Now 8.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 15, 2021 | −32.4% | Oct 25, 2023 | not yet | 2.1 years | 5.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ISWN risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +9.1% | −0.8% | −0.4% |
| Volatility (annualized) | 12.4% | 13.3% | 12.7% |
| Sharpe ratio | 0.42 | -0.27 | -0.22 |
| Sortino ratio | 0.59 | -0.35 | -0.29 |
| Best month | +7.6% | +7.6% | +7.6% |
| Worst month | −7.6% | −7.6% | −7.6% |
| Best 12 months | +24.9% | +24.9% | +24.9% |
| Worst 12 months | −4.0% | −29.4% | −29.4% |
| Positive months | 69% | 57% | 56% |
| Beta vs S&P 500 | 0.54 | 0.57 | — |
| Correlation with S&P 500 | 0.54 | 0.67 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ISWN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −29.4% | +1.7% | +24.9% | 57% |
| 3-year (a year) | 34 | −7.9% | +2.2% | +10.8% | 56% |
| 5-year (a year) | 10 | −1.1% | +0.0% | +1.6% | 50% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
ISWN performance overview
Amplify BlackSwan ISWN ETF (ISWN) returned +0.7% over the past year and −1.0% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −0.6% a year, turning $10,000 into about $9,639. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.4%, from Sep 15, 2021 to Oct 25, 2023; the fund has not yet regained that high. ISWN finished 2 of its 4 full calendar years with a gain; the best year was 2025 (+23.2%) and the worst 2022 (−24.9%). Volatility has been 12.7% a year.
Related: ISWN chart, ISWN dividends. See the ISWN overview for the latest quote and fund facts.
ISWN performance FAQ
What is the ISWN return over the past year?
ISWN returned +0.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.3%.
What is the average annual return of ISWN?
ISWN has returned −1.0% a year over 5 years, −0.6% a year since January 26, 2021 (total return, distributions reinvested).
How much would $10,000 invested in ISWN be worth?
$10,000 invested in ISWN at its first recorded close on January 26, 2021 would be worth about $9,639 on October 23, 2026 with distributions reinvested.
What was the worst year for ISWN?
The worst calendar year was 2022, with a total return of −24.9%. The best was 2025 at +23.2%.
What is the biggest drawdown of ISWN?
The largest peak-to-trough decline was −32.4% between September 15, 2021 and October 25, 2023. It has not yet recovered to that high; it is 8.1% below its peak.
How volatile is ISWN?
Over the past 3 years ISWN had an annualized volatility of 12.4% and a Sharpe ratio of 0.42 (excess return over 1–3 month T-bills per unit of risk).