IVV vs SWAN
iShares Core S&P 500 ETF vs Amplify BlackSwan Growth & Treasury Core 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 | IVV | SWAN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $162M | |
| Dividend Yield | 1.10% | 3.25% | |
| Holdings | 508 | 14 | |
| YTD Return | +12.28% | +4.63% | |
| 1Y Return | +20.94% | +10.67% | |
| 3Y Return (annualized) | +21.81% | +13.35% | |
| 5Y Return (annualized) | +13.05% | +2.08% | |
| Volatility (annualized) | 15.1% | 11.8% | |
| Max Drawdown | -56.5% | -31.0% | |
| Fund Family | iShares by BlackRock (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Nov 5, 2018 |
IVV vs SWAN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is a ETF from Amplify ETFs. Over the past year IVV returned +20.94% while SWAN returned +10.67%. Year to date, IVV is up 12.28% versus a gain of 4.63% for SWAN.
Over three years, IVV compounded at +21.81% per year against +13.35% for SWAN; over five years the annualized figures are +13.05% and +2.08% respectively. Across the full 8-year window we track, IVV has the edge at +6.98% annualized vs +5.98%. 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 11.8% for SWAN. 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 -56.5% for IVV and -31.0% for SWAN. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SWAN charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.25% for SWAN.
Holdings Overlap
IVV and SWAN 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, IVV or SWAN?
IVV has an expense ratio of 0.03% while SWAN charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or SWAN?
Over the past year IVV returned +20.94% vs +10.67% for SWAN, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +6.98% vs +5.98% for SWAN. Past performance does not guarantee future results.
Which is riskier, IVV or SWAN?
IVV has been the more volatile fund at 15.1% annualized versus 11.8% for SWAN. Worst drawdown: IVV -56.5% vs SWAN -31.0%.
Should I hold both IVV and SWAN?
IVV and SWAN have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SWAN?
IVV and SWAN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or SWAN?
IVV yields 1.10% while SWAN yields 3.25%, so SWAN currently pays the higher dividend yield.
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