ISWN vs IVV
Amplify BlackSwan ISWN ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ISWN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $38M | $907.0B | |
| Dividend Yield | 2.87% | 1.10% | |
| Holdings | 14 | 508 | |
| YTD Return | +6.41% | +12.71% | |
| 1Y Return | +11.41% | +21.89% | |
| 3Y Return (annualized) | +10.58% | +22.08% | |
| 5Y Return (annualized) | -0.28% | +12.96% | |
| Volatility (annualized) | 12.6% | 15.1% | |
| Max Drawdown | -32.4% | -56.5% | |
| Fund Family | Amplify ETFs | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 26, 2021 | May 15, 2000 |
ISWN vs IVV Performance
Amplify BlackSwan ISWN ETF (ISWN) is a ETF from Amplify ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ISWN returned +11.41% while IVV returned +21.89%. Year to date, ISWN is up 6.41% versus a gain of 12.71% for IVV.
Over three years, ISWN compounded at +10.58% per year against +22.08% for IVV; over five years the annualized figures are -0.28% and +12.96% respectively. Across the full 6-year window we track, IVV has the edge at +7.00% annualized vs +0.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.6% for ISWN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.4% for ISWN and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ISWN charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, ISWN currently yields 2.87% against 1.10% for IVV.
Holdings Overlap
ISWN and IVV share 0 holdings out of 514 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ISWN or IVV?
ISWN has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, ISWN or IVV?
Over the past year ISWN returned +11.41% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), ISWN annualized +0.40% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, ISWN or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.6% for ISWN. Worst drawdown: ISWN -32.4% vs IVV -56.5%.
Should I hold both ISWN and IVV?
ISWN and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ISWN and IVV?
ISWN and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, ISWN or IVV?
ISWN yields 2.87% while IVV yields 1.10%, so ISWN currently pays the higher dividend yield.
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