BLOK vs. BITQ
Compare and contrast key facts about Amplify Transformational Data Sharing ETF (BLOK) and Bitwise Crypto Industry Innovators ETF (BITQ).
BLOK and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLOK is an actively managed fund by Amplify Investments. It was launched on Jan 16, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLOK or BITQ.
Key characteristics
| BLOK | BITQ | |
|---|---|---|
| YTD Return | 7.81% | -1.47% |
| 1Y Return | 68.59% | 86.85% |
| Sharpe Ratio | 1.83 | 1.28 |
| Daily Std Dev | 36.07% | 65.75% |
| Max Drawdown | -73.33% | -90.32% |
| Current Drawdown | -40.97% | -65.07% |
Correlation
The correlation between BLOK and BITQ 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.
Performance
BLOK vs. BITQ - Performance Comparison
In the year-to-date period, BLOK achieves a 7.81% return, which is significantly higher than BITQ's -1.47% 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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BLOK vs. BITQ - Expense Ratio Comparison
BLOK has a 0.71% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
BLOK vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
Dividends
BLOK vs. BITQ - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 1.07%, less than BITQ's 1.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BLOK Amplify Transformational Data Sharing ETF | 1.07% | 1.15% | 0.00% | 14.31% | 1.88% | 2.06% | 1.30% |
BITQ Bitwise Crypto Industry Innovators ETF | 1.53% | 1.51% | 0.00% | 3.12% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLOK vs. BITQ - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BLOK and BITQ. For additional features, visit the drawdowns tool.
Volatility
BLOK vs. BITQ - Volatility Comparison
The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 9.73%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 16.94%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.