Amplify BlackSwan ISWN ETF (International)
$20.87+0.09 (+0.42%)
- 0.49%
- $34M
- +2.0%
- 3.15%
- 0M sh
- $20.83
- low $20.66high $24.46
The ETF.net ISWN Grade
A
Score 73 out of 100
- 3 of 24
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A100 out of 100Rank 1 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 16 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 11 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 1 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 2 of 24
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
- 14
- 87%
- 91282CDJ7
Sectors
- Financials26.1%
- Industrials18.7%
- Technology12.0%
- Health Care10.1%
- Consumer Discretionary7.1%
- Consumer Staples6.4%
- Materials5.8%
- Communication4.7%
- Energy4.0%
- Utilities3.6%
- Real Estate1.5%
ISWN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
ISWN$10,200
Returns run to the Oct 12, 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 | −1.0% |
| 1 month | −4.6% |
| 3 months | −5.6% |
| 1 year | +2.0% |
| 3 years | +9.2% |
| 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 | −1.0% | |
| 2025 | +23.3% | |
| 2024 | −4.0% | |
| 2023 | +8.2% | |
| 2022 | −24.9% | |
| 2021 | +0.4% |
ISWN in the news
ISWN Dividends
- 3.15%
- $0.65
- $0.17 per share
- Quarterly
Distribution history
ISWN Risk
- 12.4%
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.
- 0.41
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.
- 0.58
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
0.49%
ISWN0.49%
- The middle half of Other Floor Protected funds
- Median 0.79%
No Other Floor Protected fund charges less.
Other funds in Other Floor Protected
- ACPROCalamos Russell 2000 Structured Alt Protection ETF – OctoberExpense ratio 0.69%1 year return +7.3%
- ACPNSCalamos Nasdaq-100 Structured Alt Protection ETF – SeptemberExpense ratio 0.69%1 year return +6.2%
- ACPRYCalamos Russell 2000 Structured Alt Protection ETF – JanuaryExpense ratio 0.69%1 year return +8.9%
- ACPNJCalamos Nasdaq-100 Structured Alt Protection ETF – JuneExpense ratio 0.69%1 year return +4.8%
- ACPRJCalamos Russell 2000 Structured Alt Protection ETF – JulyExpense ratio 0.69%1 year return +3.6%