BLOK.L vs. BTC-USD

Last updated Apr 3, 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	-0.63%	22.34%	18.56%	14.77%	-8.98%	19.08%	15.05%	22.59%	-0.00%
BTC-USD Bitcoin	-22.28%	-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 -0.63% return, which is significantly higher than BTC-USD's -20.87% return.

BLOK.L

• 1D: 0.31%
• 1M: -0.12%
• YTD: -0.63%
• 6M: 5.01%
• 1Y: 19.40%
• 3Y*: 16.24%
• 5Y*: 10.99%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.44%
• YTD: -20.87%
• 6M: -42.75%
• 1Y: -19.02%
• 3Y*: 31.89%
• 5Y*: 3.80%
• 10Y*: 67.59%

*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: 75
BLOK.L Sharpe Ratio Rank: 69
BLOK.L Sortino Ratio Rank: 65
BLOK.L Omega Ratio Rank: 65
BLOK.L Calmar Ratio Rank: 88
BLOK.L Martin Ratio Rank: 87

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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	1.30	-0.44	+1.74
Sortino ratio Return per unit of downside risk	1.75	-0.37	+2.12
Omega ratio Gain probability vs. loss probability	1.25	0.96	+0.29
Calmar ratio Return relative to maximum drawdown	3.28	-1.08	+4.36
Martin ratio Return relative to average drawdown	11.81	-1.97	+13.78
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 1.30, which is higher than the BTC-USD Sharpe Ratio of -0.44. 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	1.30	-0.44	+1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.07	+0.73
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	-0.45

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	-7.41%	-49.65%	+42.24%
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	-4.06%	-46.47%	+42.41%
Average Drawdown Average peak-to-trough decline	-4.34%	-42.00%	+37.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	27.75%	-25.73%

Volatility

BLOK.L vs. BTC-USD - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) is 4.33%, 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	4.33%	13.30%	-8.97%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	34.98%	-25.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	36.08%	-21.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	46.46%	-32.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	56.09%	-39.90%