Amplify BlackSwan ISWN ETF (International)
$21.35−0.46 (−2.11%)
- Expense ratio
- 0.49%
- Fund size
- $36M
- 1Y return
- +5.6%
- Yield · Last 12 months
- 2.91%
- Holdings
- 12
- Volume · 30D
- 0M sh
- NAV per share
- $21.86
- 52W range
The ETF.net ISWN Grade
Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 39Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 60Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 76Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
Our read on ISWN
AMost downside-protection funds pay for the cushion by capping your upside. ISWN skips the cap: roughly 90% sits in Treasuries while about 10% buys long-dated in-the-money calls on EFA, so developed-market exposure arrives through options.
The fund seeks to track a rules-based index combining U.S. Treasury securities with EFA options. Its strategy targets approximately 90% Treasury exposure to cushion severe, rare market disruptions while retaining some participation in EFA gains.
Why people hold it
- At 0.49%, it runs about half the 0.89% median of its downside-protection cohort.
- No artificial ceiling on gains. Buffer peers like IBUF hand back everything above a set cap each outcome period; ISWN's EFA calls carry no stated cap.amplifyetfs.cominnovatoretfs.com
- The rare international take on the structure: ISWN is the EAFE sibling of Amplify's SWAN, swapping SPY options for EFA options to reach developed markets outside the US.amplifyetfs.com
- Rules-based, not a judgment call. It tracks the S-Network International BlackSwan Index, which sets the Treasury and option mix on a fixed schedule.amplifyetfs.com
Worth knowing
- The Treasury sleeve targets the duration of the 10-year note, so interest rates steer results as much as EAFE does.amplifyetfs.com
- The cushion is indirect. It leans on Treasuries holding up when stocks fall, not a contractual buffer, so no fixed percentage of downside is defined.amplifyetfs.com
- Among the smaller and more thinly traded funds in its category, which can widen bid-ask spreads on entry and exit.
ISWN Holdings
- Stocks
- 12
- 85%
- 91282CDJ7
Sectors
- Financials26.0%
- Industrials18.9%
- Technology11.3%
- Health Care10.2%
- Consumer Discr.7.5%
- Cons. Staples6.5%
- Materials6.1%
- Communication4.7%
- Energy3.7%
- Utilities3.6%
- Real Estate1.6%
ISWN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ISWN |
|---|---|
| Year to date | +3.2% |
| 1 month | −3.3% |
| 3 months | −2.1% |
| 1 year | +5.6% |
| 3 years | +10.0% |
| 5 years | −0.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ISWN |
|---|---|---|
| 2026 YTD | +3.2% | |
| 2025 | +23.3% | |
| 2024 | −4.0% | |
| 2023 | +8.2% | |
| 2022 | −24.9% | |
| 2021 | +0.4% |
ISWN in the news
ETF.net Research hasn’t filed on ISWN yet — coverage lands here as it’s written.
ISWN Dividends
- 2.91%
- $0.64
- $0.16 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.16 |
| Mar 30, 2026 | Mar 31, 2026 | $0.16 |
| Dec 30, 2025 | Dec 31, 2025 | $0.16 |
| Sep 29, 2025 | Sep 30, 2025 | $0.15 |
| Jun 27, 2025 | Jun 30, 2025 | $0.15 |
| Mar 28, 2025 | Mar 31, 2025 | $0.16 |
| Dec 30, 2024 | Dec 31, 2024 | $0.15 |
| Sep 27, 2024 | Sep 30, 2024 | $0.15 |
| Jun 27, 2024 | Jun 28, 2024 | $0.14 |
| Mar 26, 2024 | Mar 28, 2024 | $0.14 |
| Dec 27, 2023 | Dec 29, 2023 | $0.14 |
| Sep 27, 2023 | Sep 29, 2023 | $0.14 |
ISWN Risk
- 12.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.44
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ISWN Cost
- The middle half of Other Floor Protected funds
- Median 0.79%
No Other Floor Protected fund charges less.