BITS vs. BLOK

Last updated Jun 24, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and BLOK (Amplify Blockchain Technology ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while BLOK is a Blockchain fund actively managed by Amplify. BITS is passively managed, while BLOK is actively managed. Over the past 3 years, BITS returned 41.04%/yr vs 48.25%/yr for BLOK. Their correlation of 0.91 suggests significant overlap in exposure. BITS charges 0.65%/yr vs 0.70%/yr for BLOK.

Performance

BITS vs. BLOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and Amplify Blockchain Technology ETF (BLOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a -1.05% return, which is significantly lower than BLOK's 14.77% return.

BITS

• 1D: -2.95%
• 1M: -9.90%
• YTD: -1.05%
• 6M: -4.96%
• 1Y: 16.16%
• 3Y*: 41.04%
• 5Y*: —
• 10Y*: —

BLOK

• 1D: -1.82%
• 1M: 2.14%
• YTD: 14.77%
• 6M: 9.76%
• 1Y: 27.49%
• 3Y*: 48.25%
• 5Y*: 11.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITS vs. BLOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	-1.05%	14.90%	61.84%	212.23%	-75.46%	-28.96%
BLOK Amplify Blockchain Technology ETF	14.77%	32.64%	53.12%	99.62%	-62.36%	-24.69%

Correlation

The correlation between BITS and BLOK is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.91

The correlation between BITS and BLOK has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

BITS vs. BLOK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 13
BITS Sharpe Ratio Rank: 13
BITS Sortino Ratio Rank: 15
BITS Omega Ratio Rank: 15
BITS Calmar Ratio Rank: 12
BITS Martin Ratio Rank: 11

BLOK

BLOK Risk / Return Rank: 20
BLOK Sharpe Ratio Rank: 21
BLOK Sortino Ratio Rank: 22
BLOK Omega Ratio Rank: 21
BLOK Calmar Ratio Rank: 18
BLOK Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITS vs. BLOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Amplify Blockchain Technology 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BITS	BLOK	Difference
Sharpe ratio: Return per unit of total volatility	0.31	0.71	-0.40
Sortino ratio: Return per unit of downside risk	0.78	1.17	-0.39
Omega ratio: Gain probability vs. loss probability	1.09	1.14	-0.05
Calmar ratio: Return relative to maximum drawdown	0.34	0.77	-0.44
Martin ratio: Return relative to average drawdown	0.60	1.67	-1.07

BITS vs. BLOK - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.31, which is lower than the BLOK Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of BITS and BLOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITS vs. BLOK - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than BLOK's maximum drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for BITS and BLOK.

Drawdown Indicators

	BITS	BLOK	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-73.33%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-35.64%	-12.74%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-35.64%	-12.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.33%	—
Current Drawdown Current decline from peak	-34.86%	-11.27%	-23.59%
Average Drawdown Average peak-to-trough decline	-42.63%	-25.99%	-16.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.82%	16.48%	+10.34%

Volatility

BITS vs. BLOK - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 14.66% compared to Amplify Blockchain Technology ETF (BLOK) at 12.42%. This indicates that BITS'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.

Volatility by Period

	BITS	BLOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.66%	12.42%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	40.96%	29.64%	+11.32%
Volatility (1Y) Calculated over the trailing 1-year period	53.22%	39.10%	+14.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.86%	42.53%	+18.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.86%	39.03%	+21.83%

BITS vs. BLOK - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than BLOK's 0.70% expense ratio.

Dividends

BITS vs. BLOK - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 23.04%, more than BLOK's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITS Global X Blockchain & Bitcoin Strategy ETF	23.04%	22.80%	29.49%	13.69%	0.48%	1.90%	0.00%	0.00%	0.00%
BLOK Amplify Blockchain Technology ETF	0.62%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%

Frequently Asked Questions

Can I hold both BITS and BLOK in my portfolio?

With a correlation of 0.93, BITS and BLOK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITS or BLOK?

BITS has higher volatility (14.66%) compared to BLOK (12.42%). In terms of maximum drawdown, BITS dropped -83.11% vs BLOK's -73.33%.

Which ETF is better, BITS or BLOK?

On 3-year performance, BLOK leads with 48.25% vs 41.04% for BITS. On fees, BITS is cheaper at 0.65% per year. On volatility, BLOK has been the lower-risk option at 12.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or BLOK?

Over the 3-year period, BLOK has performed better with a 48.25% return vs 41.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or BLOK?

BITS is cheaper with a 0.65% expense ratio, compared with 0.70% for BLOK.

Which ETF pays a higher dividend yield, BITS or BLOK?

BITS has the higher dividend yield at 23.04%, compared with 0.62% for BLOK.

What is the main difference between BITS and BLOK?

BITS is categorized as Cryptocurrency, while BLOK is Blockchain. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.65% for BITS and 0.70% for BLOK.

Which has better risk-adjusted returns?

BLOK currently has the higher Sharpe Ratio (0.71 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.