BITQ vs. BLOK
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and Amplify Transformational Data Sharing ETF (BLOK).
BITQ and BLOK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. BLOK is an actively managed fund by Amplify Investments. It was launched on Jan 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITQ or BLOK.
Key characteristics
| BITQ | BLOK | |
|---|---|---|
| YTD Return | 109.44% | 33.66% |
| 1Y Return | -14.66% | -11.01% |
| 5Y Return (Ann) | -39.64% | 3.79% |
| 10Y Return (Ann) | -39.64% | 3.46% |
| Sharpe Ratio | -0.15 | -0.20 |
| Daily Std Dev | 76.38% | 43.25% |
| Max Drawdown | -90.32% | -73.33% |
Correlation
The correlation between BITQ and BLOK is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BITQ vs. BLOK - Performance Comparison
In the year-to-date period, BITQ achieves a 109.44% return, which is significantly higher than BLOK's 33.66% return. Over the past 10 years, BITQ has underperformed BLOK with an annualized return of -39.64%, while BLOK has yielded a comparatively higher 3.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITQ vs. BLOK - Dividend Comparison
Neither BITQ nor BLOK has paid dividends to shareholders.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 3.12% | 0.00% | 0.00% | 0.00% |
BLOK Amplify Transformational Data Sharing ETF | 0.00% | 0.00% | 14.31% | 2.14% | 2.39% | 1.54% |
BITQ vs. BLOK - Expense Ratio Comparison
BITQ vs. BLOK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and Amplify Transformational Data Sharing ETF (BLOK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | -0.15 | ||||
BLOK Amplify Transformational Data Sharing ETF | -0.20 |
BITQ vs. BLOK - Drawdown Comparison
The maximum BITQ drawdown for the period was -90.32%, roughly equal to the maximum BLOK drawdown of -73.33%. The drawdown chart below compares losses from any high point along the way for BITQ and BLOK
BITQ vs. BLOK - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 16.92% compared to Amplify Transformational Data Sharing ETF (BLOK) at 9.23%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than BLOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.