BLOK vs. BITQ

Last updated Jun 24, 2026

BLOK (Amplify Blockchain Technology ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both Blockchain funds. BLOK is actively managed, while BITQ is passively managed. Over the past 5 years, BLOK returned 11.69%/yr vs 4.41%/yr for BITQ. With a 0.96 correlation, they move nearly in lockstep. BLOK charges 0.70%/yr vs 0.85%/yr for BITQ.

Performance

BLOK vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Blockchain Technology ETF (BLOK) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOK achieves a 14.77% return, which is significantly lower than BITQ's 34.62% return.

BLOK

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

BITQ

• 1D: -2.61%
• 1M: 0.04%
• YTD: 34.62%
• 6M: 25.61%
• 1Y: 49.39%
• 3Y*: 53.03%
• 5Y*: 4.41%
• 10Y*: —

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

BLOK vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BLOK Amplify Blockchain Technology ETF	14.77%	32.64%	53.12%	99.62%	-62.36%	-4.15%
BITQ Bitwise Crypto Industry Innovators ETF	34.62%	18.00%	46.97%	246.83%	-83.86%	-11.98%

Correlation

The correlation between BLOK and BITQ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 12, 2021	0.96

The correlation between BLOK and BITQ has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

BLOK vs. BITQ - Sectors Allocation Comparison

Sectors	BLOK	BITQ
Financial Services	60.4%	71.6%
Technology	28.3%	25.5%
Consumer Cyclical	6.2%	2.9%
Communication Services	3.1%	-
Industrials	1.0%	-
Real Estate	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BLOK vs. BITQ — Risk / Return Rank

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

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

BITQ

BITQ Risk / Return Rank: 25
BITQ Sharpe Ratio Rank: 25
BITQ Sortino Ratio Rank: 28
BITQ Omega Ratio Rank: 25
BITQ Calmar Ratio Rank: 24
BITQ Martin Ratio Rank: 20

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 vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology 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.

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.

	BLOK	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.87	-0.17
Sortino ratio: Return per unit of downside risk	1.17	1.47	-0.30
Omega ratio: Gain probability vs. loss probability	1.14	1.17	-0.03
Calmar ratio: Return relative to maximum drawdown	0.77	1.10	-0.33
Martin ratio: Return relative to average drawdown	1.67	2.30	-0.63

BLOK vs. BITQ - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.71, which is comparable to the BITQ Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of BLOK and BITQ, 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

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.

Drawdown Indicators

	BLOK	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-90.32%	+16.99%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-44.99%	+9.35%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-51.22%	+15.58%
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	-90.32%	+16.99%
Current Drawdown Current decline from peak	-11.27%	-17.24%	+5.97%
Average Drawdown Average peak-to-trough decline	-25.99%	-52.52%	+26.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.48%	21.50%	-5.02%

Volatility

BLOK vs. BITQ - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 12.42%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 16.45%. 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.

Volatility by Period

	BLOK	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	16.45%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	29.64%	43.05%	-13.41%
Volatility (1Y) Calculated over the trailing 1-year period	39.10%	56.94%	-17.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	67.32%	-24.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	67.24%	-28.21%

BLOK vs. BITQ - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

BLOK vs. BITQ - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.62%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	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 BLOK and BITQ in my portfolio?

With a correlation of 0.95, BLOK and BITQ 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, BLOK or BITQ?

BITQ has higher volatility (16.45%) compared to BLOK (12.42%). In terms of maximum drawdown, BLOK dropped -73.33% vs BITQ's -90.32%.

Which ETF is better, BLOK or BITQ?

On 5-year performance, BLOK leads with 11.69% vs 4.41% for BITQ. 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.

Which ETF has performed better, BLOK or BITQ?

Over the 5-year period, BLOK has performed better with a 11.69% return vs 4.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or BITQ?

BLOK is cheaper with a 0.70% expense ratio, compared with 0.85% for BITQ.

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

BLOK has the higher dividend yield at 0.62%, compared with 0.00% for BITQ.

What is the main difference between BLOK and BITQ?

They also come from different issuers: Amplify and Bitwise. Their fees differ too: 0.70% for BLOK and 0.85% for BITQ.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (0.87 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.