BLOK vs. BLOX

Last updated Jun 23, 2026

BLOK (Amplify Blockchain Technology ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. Over the past year, BLOK returned 28.48% vs 26.64% for BLOX. Their correlation of 0.94 suggests significant overlap in exposure. BLOK charges 0.70%/yr vs 1.03%/yr for BLOX.

Performance

BLOK vs. BLOX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with BLOK having a 16.89% return and BLOX slightly lower at 16.65%.

BLOK

• 1D: -0.42%
• 1M: 4.04%
• YTD: 16.89%
• 6M: 11.37%
• 1Y: 28.48%
• 3Y*: 49.16%
• 5Y*: 12.71%
• 10Y*: —

BLOX

• 1D: -0.82%
• 1M: 4.06%
• YTD: 16.65%
• 6M: 9.99%
• 1Y: 26.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOK vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
BLOK Amplify Blockchain Technology ETF	16.89%	8.46%
BLOX Nicholas Crypto Income ETF	16.65%	8.17%

Correlation

The correlation between BLOK and BLOX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.94

The correlation between BLOK and BLOX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

BLOK vs. BLOX — 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: 19
BLOK Martin Ratio Rank: 17

BLOX

BLOX Risk / Return Rank: 16
BLOX Sharpe Ratio Rank: 16
BLOX Sortino Ratio Rank: 19
BLOX Omega Ratio Rank: 18
BLOX Calmar Ratio Rank: 15
BLOX Martin Ratio Rank: 14

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. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and Nicholas Crypto Income ETF (BLOX). 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	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	0.73	0.49	+0.24
Sortino ratio: Return per unit of downside risk	1.20	1.01	+0.19
Omega ratio: Gain probability vs. loss probability	1.15	1.12	+0.02
Calmar ratio: Return relative to maximum drawdown	0.80	0.57	+0.23
Martin ratio: Return relative to average drawdown	1.73	1.14	+0.59

BLOK vs. BLOX - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.73, which is higher than the BLOX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of BLOK and BLOX, 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. BLOX - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for BLOK and BLOX.

Drawdown Indicators

	BLOK	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-47.09%	-26.24%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-47.09%	+11.45%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	—	—
Current Drawdown Current decline from peak	-9.63%	-19.36%	+9.73%
Average Drawdown Average peak-to-trough decline	-25.99%	-18.65%	-7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.47%	23.42%	-6.95%

Volatility

BLOK vs. BLOX - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 12.62%, while Nicholas Crypto Income ETF (BLOX) has a volatility of 15.93%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than BLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.62%	15.93%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	29.57%	41.03%	-11.46%
Volatility (1Y) Calculated over the trailing 1-year period	39.13%	54.23%	-15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.52%	53.94%	-11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	53.94%	-14.91%

BLOK vs. BLOX - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

BLOK vs. BLOX - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.61%, less than BLOX's 39.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Blockchain Technology ETF	0.61%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
BLOX Nicholas Crypto Income ETF	39.59%	22.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and BLOX in my portfolio?

With a correlation of 0.94, BLOK and BLOX 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 BLOX?

BLOX has higher volatility (15.93%) compared to BLOK (12.62%). In terms of maximum drawdown, BLOK dropped -73.33% vs BLOX's -47.09%.

Which ETF is better, BLOK or BLOX?

On 1-year performance, BLOK leads with 28.48% vs 26.64% for BLOX. On fees, BLOK is cheaper at 0.70% per year. On volatility, BLOK has been the lower-risk option at 12.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or BLOX?

Over the 1-year period, BLOK has performed better with a 28.48% return vs 26.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or BLOX?

BLOK is cheaper with a 0.70% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 39.59%, compared with 0.61% for BLOK.

What is the main difference between BLOK and BLOX?

BLOK is categorized as Blockchain, while BLOX is Cryptocurrency. They also come from different issuers: Amplify and Nicholas. Their fees differ too: 0.70% for BLOK and 1.03% for BLOX.

Which has better risk-adjusted returns?

BLOK currently has the higher Sharpe Ratio (0.73 vs 0.49), 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.