BLOK.L vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and Bitcoin (BTC-USD).

BLOK.L is a passively managed fund by First Trust that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 9, 2018.

Performance

BLOK.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

BLOK.L vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF	-0.94%	22.34%	18.56%	14.77%	-8.98%	19.08%	15.05%	22.59%	-0.00%
BTC-USD Bitcoin	-20.34%	-12.95%	125.81%	140.73%	-59.81%	60.91%	292.68%	86.71%	-40.90%

Different Trading Currencies

BLOK.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BLOK.L achieves a -0.94% return, which is significantly higher than BTC-USD's -20.55% return.

BLOK.L

• 1D: 1.82%
• 1M: -2.65%
• YTD: -0.94%
• 6M: 5.70%
• 1Y: 18.56%
• 3Y*: 16.31%
• 5Y*: 10.92%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.48%
• YTD: -20.55%
• 6M: -41.39%
• 1Y: -21.72%
• 3Y*: 30.74%
• 5Y*: 3.89%
• 10Y*: 67.69%

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

Return for Risk

BLOK.L vs. BTC-USD — Risk / Return Rank

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

BLOK.L

BLOK.L Risk / Return Rank: 71
BLOK.L Sharpe Ratio Rank: 67
BLOK.L Sortino Ratio Rank: 64
BLOK.L Omega Ratio Rank: 63
BLOK.L Calmar Ratio Rank: 83
BLOK.L Martin Ratio Rank: 77

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

BLOK.L vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and Bitcoin (BTC-USD). 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.

	BLOK.L	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.24	-0.50	+1.74
Sortino ratio Return per unit of downside risk	1.68	-0.47	+2.15
Omega ratio Gain probability vs. loss probability	1.24	0.95	+0.30
Calmar ratio Return relative to maximum drawdown	2.57	-1.07	+3.64
Martin ratio Return relative to average drawdown	8.75	-1.96	+10.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLOK.L vs. BTC-USD - Sharpe Ratio Comparison

The current BLOK.L Sharpe Ratio is 1.24, which is higher than the BTC-USD Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of BLOK.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BLOK.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	-0.50	+1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.07	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.21	-0.46

Correlation

The correlation between BLOK.L and BTC-USD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BLOK.L vs. BTC-USD - Drawdown Comparison

The maximum BLOK.L drawdown since its inception was -26.23%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for BLOK.L and BTC-USD.

Drawdown Indicators

	BLOK.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-26.23%	-85.30%	+59.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-49.65%	+38.88%
Max Drawdown (5Y) Largest decline over 5 years	-16.43%	-76.67%	+60.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-4.36%	-45.02%	+40.66%
Average Drawdown Average peak-to-trough decline	-4.34%	-41.99%	+37.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	27.60%	-25.42%

Volatility

BLOK.L vs. BTC-USD - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) is 4.53%, while Bitcoin (BTC-USD) has a volatility of 13.30%. This indicates that BLOK.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	13.30%	-8.77%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	35.05%	-25.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	36.16%	-21.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	46.45%	-32.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	56.08%	-39.88%