QBSV vs SWAN: Grades, Fees and Holdings Compared

AllianzIM U.S. Equity Buffer5 ETF

QBSVCCboe

Amplify BlackSwan Growth & Treasury Core ETF

SWANBNYSE Arca

Overlap

0.0%by weight

Expense ratio

SWAN −0.15pt a year

QBSV0.64%SWAN0.49%

Avg volume · 30D

SWAN 1.9×the volume

QBSV4.32KSWAN8.3K

QBSV vs SWAN Performance

Jul 31, 2026 – Oct 30, 2026

+1.0%QBSV−0.7%SWAN

Expense ratio: QBSV 0.64%; SWAN 0.49%, better
Fund size: QBSV $28M; SWAN $152M
1Y total return: QBSV No data; SWAN +1.4%
Yield (12M): QBSV No data; SWAN 3.41%
Holdings: QBSV 3; SWAN 14
Avg volume (30D): QBSV 4.32K sh; SWAN 8.3K sh, better
NAV per share: QBSV $27.34; SWAN $32.30
52W range

ETF.net Grade

Pillar letters and Scores for QBSV, SWAN, with each pillar’s weight
Pillar	QBSV	SWAN
Cost30% weight	C53	A78Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A76Higher	F24
Tradability15% weight	D38	B62Higher
Holdings10% weight	C46	C54Higher
Durability5% weight	D31	A79Higher

Rank among S&P 500 Buffer funds

How we build Categories ›

Same Category. QBSV and SWAN are both graded against the same 7 S&P 500 Buffer funds, so their Grades compare head to head.

S&P 500 Buffer⁠

Category · 7 funds

See all 7 ›

SWAN ranks 1st and QBSV 3rd of 7 funds in the S&P 500 Buffer Category.

Rank 1BSWANAmplify BlackSwan Growth & Treasury Core ETFScore 60
Rank 2BPSFFPacer Swan SOS Fund of Funds ETFScore 56
Rank 3CQBSVAllianzIM U.S. Equity Buffer5 ETFScore 52
Rank 4CFBProShares S&P 500 Dynamic Buffer ETFScore 40

Our read on each fund

ETF.net Research

QBSVCAllianzIM U.S. Equity Buffer5 ETF

SWANBAmplify BlackSwan Growth & Treasury Core ETF

In short

QBSV No data

SWAN The buffer fund that isn't one. Rather than a yearly reset and a capped ceiling, SWAN holds roughly 90% U.S. Treasuries and spends the other 10% on in-the-money S&P 500 call options, aiming for uncapped index exposure with a bond core underneath.

Stated mandate

QBSV No data

SWAN The fund seeks to track the S-Network BlackSwan Core Index while pursuing uncapped S&P 500 exposure and buffering against significant losses. Its strategy uses approximately 90% U.S. Treasury securities and 10% SPY in-the-money call options.

Why people hold it

QBSV No data

SWAN Cheapest in its peer group at 0.49%, against a 0.79% median for buffer-style rivals such as BAPR (0.79%) and BUFR (0.95%).
No ceiling on gains. Defined-outcome funds sell away upside above a cap; SWAN's in-the-money SPY calls are built to leave the index climb uncapped.amplifyetfs.com
No outcome period to track: no annual reset date, no entry-timing math, no cap that expires and resets.amplifyetfs.com
Running the same recipe since 2018, through live market stress rather than backtests, and it stands among the stronger builds in its peer group.

Worth knowing

QBSV No data

SWAN The cushion isn't a stated number. Unlike a named-depth buffer fund (FEBT, DMAX), SWAN's downside comes from Treasuries plus option value, so it moves with markets.amplifyetfs.com
About 90% of the portfolio is Treasuries, so interest-rate moves drive results as much as the S&P 500 does.amplifyetfs.com
A small, thinly traded fund, so bid-ask spreads deserve more attention than with the giant buffer names.

Full QBSV profile⁠

Full SWAN profile⁠

QBSV vs SWAN Holdings

How QBSV and SWAN differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of QBSV and 0.0% of SWAN.

Level by level

Holdings0 in both0.0%
Sector11 Sectors98.0%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in QBSV and SWAN, widest gap first
Sector	More in QBSVMore in SWAN	QBSV	SWAN
Communication	SWAN +1.0 points	8.9%	9.9%
Technology	SWAN +0.8 points	39.3%	40.1%
Consumer Discretionary	QBSV +0.4 points	9.1%	8.7%
Financials	QBSV +0.4 points	11.7%	11.3%
Health Care	QBSV +0.4 points	9.8%	9.4%
Energy	QBSV +0.3 points	3.7%	3.4%
Consumer Staples	QBSV +0.3 points	4.7%	4.4%
Industrials	SWAN +0.1 points	7.5%	7.6%
Utilities	QBSV +0.1 points	2.0%	1.9%
Materials	SWAN +0.1 points	1.5%	1.6%
Real Estate	Same weight	1.7%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in QBSV and SWAN, widest gap first
Country	More in QBSVMore in SWAN	QBSV	SWAN
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

QBSV101.5%
SWAN87.1%

Securities held

QBSV2
SWAN13

Asset class

QBSV: Equity
SWAN: Equity

Holdings

Only in QBSV2
In both0
Only in SWAN13

Only in QBSV

2 securities, 100% of QBSV by weight

Spy 12/31/2026 5.64 C99.16%
Spy 12/31/2026 762.71 P1.76%

Only in SWAN

13 securities, 98.4% of SWAN by weight

United States Treasury Note/Bond 1.375% 11/15/20318.81%
United States Treasury Note/Bond 4% 11/15/20358.75%
United States Treasury Note/Bond 2.875% 05/15/20328.74%
United States Treasury Note/Bond 4.375% 05/15/20368.74%
United States Treasury Note/Bond 3.375% 05/15/20338.71%
United States Treasury Note/Bond 4.125% 11/15/20328.69%
United States Treasury Note/Bond 4.5% 11/15/20338.67%
United States Treasury Note/Bond 4.375% 05/15/20348.67%
United States Treasury Note/Bond 4.25% 11/15/20348.66%
United States Treasury Note/Bond 4.25% 05/15/20358.65%
Spy 12/18/2026 645.01 C6.47%
Spy 06/17/2027 720.01 C4.66%
Invesco Government & Agency Portfolio 12/31/20310.24%

Weight gaps

QBSV and SWAN share no securities.

All 5 QBSV holdings⁠All 12 SWAN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QBSV vs SWAN Cost

Overpaying QBSV vs SWAN

$2,746

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QBSV 0.64%
$12,538
SWAN 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

QBSV 0.64%
SWAN 0.49%
Overpaying

Year by year

Year	QBSV	SWAN	Overpaying
10	$1,145	$883	$262
20	$4,375	$3,394	$981
30	$12,538	$9,792	$2,746

Expense ratio

0.64%QBSV
0.49%SWAN, cheaper

SWAN0.49%QBSV0.64%

0.30%0.89%

Middle half of S&P 500 Buffer funds
Median 0.64%

SWAN 2nd cheapest of 7 funds

QBSV 4th cheapest of 7 funds

QBSV vs SWAN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QBSV No data; SWAN 3.41%
Payout (12M): QBSV None; SWAN $1.10
Last payment: QBSV No data; SWAN $0.27
Ex-dividend: QBSV No data; SWAN Sep 29, 2026
Paid on: QBSV No data; SWAN Sep 30, 2026
Frequency: QBSV No data; SWAN Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

QBSVAll QBSV payments⁠

No distribution history available.

SWANQuarterly · 32 paymentsAll SWAN payments⁠

QBSV vs SWAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QBSV No dataSWAN 11.4%
Return per unit of riskSharpe ratio, 3 years: QBSV No dataSWAN 0.91
Worst fallMax drawdown, 5 years: QBSV No dataSWAN −31.0%
Market sensitivityBeta, 5 years: QBSV 0.18SWAN 0.86; Market = 1

Popular comparisons

QBSVCvsPSFFB
AllianzIM U.S. Equity Buffer5 ETF · Pacer Swan SOS Fund of Funds ETF
Expense ratio
0.64% · 0.66%
Category
SWANBvsPSFFB
Amplify BlackSwan Growth & Treasury Core ETF · Pacer Swan SOS Fund of Funds ETF
Expense ratio
0.49% · 0.66%
Category
QBSVCvsFBC
AllianzIM U.S. Equity Buffer5 ETF · ProShares S&P 500 Dynamic Buffer ETF
Expense ratio
0.64% · 0.58%
Category
SWANBvsFBC
Amplify BlackSwan Growth & Treasury Core ETF · ProShares S&P 500 Dynamic Buffer ETF
Expense ratio
0.49% · 0.58%
Category
QBSVCvsHJUNC
AllianzIM U.S. Equity Buffer5 ETF · Corgi U.S. Equities 100% Structured Buffer ETF - June Series
Expense ratio
0.64% · 0.30%
Category
SWANBvsHJUNC
Amplify BlackSwan Growth & Treasury Core ETF · Corgi U.S. Equities 100% Structured Buffer ETF - June Series
Expense ratio
0.49% · 0.30%
Category