BITW vs. BLOK
BITW (Bitwise 10 Crypto Index ETF) and BLOK (Amplify Blockchain Technology ETF) are both exchange-traded funds - BITW is a Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index, while BLOK is a Blockchain fund actively managed by Amplify. BITW is passively managed, while BLOK is actively managed. Over the past 5 years, BITW returned 1.78%/yr vs 11.69%/yr for BLOK. A 0.64 correlation means they provide meaningful diversification when combined. BITW charges 0.75%/yr vs 0.70%/yr for BLOK.
Performance
BITW vs. BLOK - Performance Comparison
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Returns By Period
In the year-to-date period, BITW achieves a -32.35% return, which is significantly lower than BLOK's 14.77% return.
BITW
- 1D
- -3.24%
- 1M
- -17.92%
- YTD
- -32.35%
- 6M
- -32.63%
- 1Y
- -35.22%
- 3Y*
- 52.08%
- 5Y*
- 1.78%
- 10Y*
- —
BLOK
- 1D
- -1.82%
- 1M
- 2.14%
- YTD
- 14.77%
- 6M
- 9.76%
- 1Y
- 27.49%
- 3Y*
- 48.25%
- 5Y*
- 11.69%
- 10Y*
- —
BITW vs. BLOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -32.35% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
BLOK Amplify Blockchain Technology ETF | 14.77% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 38.10% |
Correlation
The correlation between BITW and BLOK is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.64 |
The correlation between BITW and BLOK has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
BITW vs. BLOK — Risk / Return Rank
BITW
BLOK
BITW vs. BLOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) 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.
| BITW | BLOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.14 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.77 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.08 | 1.67 | -2.76 |
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Drawdowns
BITW vs. BLOK - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than BLOK's maximum drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for BITW and BLOK.
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Drawdown Indicators
| BITW | BLOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -73.33% | -23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -55.51% | -35.64% | -19.87% |
Max Drawdown (3Y)Largest decline over 3 years | -55.51% | -35.64% | -19.87% |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | -73.33% | -18.60% |
Current DrawdownCurrent decline from peak | -71.40% | -11.27% | -60.13% |
Average DrawdownAverage peak-to-trough decline | -69.56% | -25.99% | -43.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.56% | 16.48% | +16.08% |
Volatility
BITW vs. BLOK - Volatility Comparison
Bitwise 10 Crypto Index ETF (BITW) has a higher volatility of 14.10% compared to Amplify Blockchain Technology ETF (BLOK) at 12.42%. This indicates that BITW'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.
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Volatility by Period
| BITW | BLOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.10% | 12.42% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 37.34% | 29.64% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.87% | 39.10% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.59% | 42.53% | +23.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.35% | 39.03% | +69.32% |
BITW vs. BLOK - Expense Ratio Comparison
BITW has a 0.75% expense ratio, which is higher than BLOK's 0.70% expense ratio.
Dividends
BITW vs. BLOK - Dividend Comparison
BITW has not paid dividends to shareholders, while BLOK's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
BITW and BLOK have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITW has higher volatility (14.10%) compared to BLOK (12.42%). In terms of maximum drawdown, BITW dropped -96.46% vs BLOK's -73.33%.
On 5-year performance, BLOK leads with 11.69% vs 1.78% for BITW. On fees, BLOK is cheaper at 0.70% 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.
Over the 5-year period, BLOK has performed better with a 11.69% return vs 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLOK is cheaper with a 0.70% expense ratio, compared with 0.75% for BITW.
BLOK has the higher dividend yield at 0.62%, compared with 0.00% for BITW.
BITW is categorized as Cryptocurrency, while BLOK is Blockchain. They also come from different issuers: Bitwise and Amplify. Their fees differ too: 0.75% for BITW and 0.70% for BLOK.
BLOK currently has the higher Sharpe Ratio (0.71 vs -0.71), 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.
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