BLOK vs. BITW
BLOK (Amplify Blockchain Technology ETF) and BITW (Bitwise 10 Crypto Index ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while BITW is a Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index. BLOK is actively managed, while BITW is passively managed. Over the past 5 years, BLOK returned 11.52%/yr vs 0.84%/yr for BITW. A 0.63 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.75%/yr for BITW.
Performance
BLOK vs. BITW - Performance Comparison
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Returns By Period
In the year-to-date period, BLOK achieves a 7.03% return, which is significantly higher than BITW's -32.04% return.
BLOK
- 1D
- -2.95%
- 1M
- -4.92%
- 6M
- -2.25%
- YTD
- 7.03%
- 1Y
- 4.84%
- 3Y*
- 35.64%
- 5Y*
- 11.52%
- 10Y*
- —
BITW
- 1D
- -2.71%
- 1M
- -0.95%
- 6M
- -35.67%
- YTD
- -32.04%
- 1Y
- -45.22%
- 3Y*
- 44.27%
- 5Y*
- 0.84%
- 10Y*
- —
BLOK vs. BITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 7.03% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 38.10% |
BITW Bitwise 10 Crypto Index ETF | -32.04% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
Correlation
The correlation between BLOK and BITW is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
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 | 0.63 |
The correlation between BLOK and BITW has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
BLOK vs. BITW — Risk / Return Rank
BLOK
BITW
BLOK vs. BITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and Bitwise 10 Crypto Index ETF (BITW). 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 | BITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.85 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.80 | +0.94 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.30 | +1.59 |
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Drawdowns
BLOK vs. BITW - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for BLOK and BITW.
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Drawdown Indicators
| BLOK | BITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -96.46% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -56.45% | +20.81% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -56.45% | +20.81% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -91.93% | +18.60% |
Current DrawdownCurrent decline from peak | -17.26% | -71.27% | +54.01% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -69.58% | +43.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.83% | 34.82% | -17.99% |
Volatility
BLOK vs. BITW - Volatility Comparison
The current volatility for Amplify Blockchain Technology ETF (BLOK) is 10.01%, while Bitwise 10 Crypto Index ETF (BITW) has a volatility of 12.44%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOK | BITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 12.44% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 29.32% | 37.36% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.93% | 49.66% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 65.28% | -22.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.99% | 107.92% | -68.93% |
BLOK vs. BITW - Expense Ratio Comparison
BLOK has a 0.70% expense ratio, which is lower than BITW's 0.75% expense ratio.
Dividends
BLOK vs. BITW - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.80%, while BITW has not paid dividends to shareholders.
| 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 | 0.80% | 0.72% | 6.00% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% |
Frequently Asked Questions
BLOK and BITW have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITW has higher volatility (12.44%) compared to BLOK (10.01%). In terms of maximum drawdown, BLOK dropped -73.33% vs BITW's -96.46%.
On 5-year performance, BLOK leads with 11.52% vs 0.84% for BITW. On fees, BLOK is cheaper at 0.70% per year. On volatility, BLOK has been the lower-risk option at 10.01%. 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 11.52% return vs 0.84%. 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 0.80%, compared with 0.00% for BITW.
BLOK is categorized as Blockchain, while BITW is Cryptocurrency. They also come from different issuers: Amplify and Bitwise. Their fees differ too: 0.70% for BLOK and 0.75% for BITW.
BLOK currently has the higher Sharpe Ratio (0.13 vs -0.92), 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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