BLOK vs. CAN

Last updated Aug 2, 2026

BLOK (Amplify Blockchain Technology ETF) is Blockchain fund actively managed by Amplify, while CAN (Canaan Inc.) is a stock. Over the past 5 years, BLOK returned 10.22%/yr vs -52.29%/yr for CAN. Their 0.62 correlation means they have sometimes moved together and sometimes differently.

Performance

BLOK vs. CAN - Performance Comparison

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

Returns By Period

In the year-to-date period, BLOK achieves a 4.30% return, which is significantly higher than CAN's -75.36% return.

BLOK

• 1D: -1.22%
• 1M: -3.77%
• 6M: -0.08%
• YTD: 4.30%
• 1Y: 6.60%
• 3Y*: 35.59%
• 5Y*: 10.22%
• 10Y*: —
• ALL TIME*: 17.03%

CAN

• 1D: -30.24%
• 1M: -40.04%
• 6M: -75.00%
• YTD: -75.36%
• 1Y: -74.21%
• 3Y*: -62.21%
• 5Y*: -52.29%
• 10Y*: —
• ALL TIME*: -44.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOK Amplify Blockchain Technology ETF	$12.12M	$10.76M	$19.14M
CAN Canaan Inc.	$2.57M	$2.82M	$3.56M

BLOK vs. CAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BLOK Amplify Blockchain Technology ETF	4.30%	32.64%	53.12%	99.62%	-62.36%	30.76%	90.17%	2.43%
CAN Canaan Inc.	-75.36%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	-32.22%

Correlation

The correlation between BLOK and CAN is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.62

The correlation between BLOK and CAN has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

BLOK vs. CAN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLOK

BLOK Risk / Return Rank: 12
BLOK Sharpe Ratio Rank: 12
BLOK Sortino Ratio Rank: 13
BLOK Omega Ratio Rank: 13
BLOK Calmar Ratio Rank: 11
BLOK Martin Ratio Rank: 11

CAN

CAN Risk / Return Rank: 14
CAN Sharpe Ratio Rank: 16
CAN Sortino Ratio Rank: 13
CAN Omega Ratio Rank: 16
CAN Calmar Ratio Rank: 11
CAN Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLOK vs. CAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and Canaan Inc. (CAN). 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	CAN	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.63	+0.66
Sortino ratio: Return per unit of downside risk	0.32	-0.96	+1.29
Omega ratio: Gain probability vs. loss probability	1.04	0.90	+0.14
Calmar ratio: Return relative to maximum drawdown	0.03	-0.82	+0.86
Martin ratio: Return relative to average drawdown	0.07	-1.20	+1.26

BLOK vs. CAN - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.03, which is higher than the CAN Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of BLOK and CAN, 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. CAN - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum CAN drawdown of -99.53%. Use the drawdown chart below to compare losses from any high point for BLOK and CAN.

Drawdown Indicators

	BLOK	CAN	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-99.53%	+26.20%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-91.71%	+56.07%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-94.67%	+59.03%
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	-98.41%	+25.08%
Current Drawdown Current decline from peak	-19.37%	-99.53%	+80.16%
Average Drawdown Average peak-to-trough decline	-25.87%	-84.07%	+58.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.28%	62.97%	-45.69%

Volatility

BLOK vs. CAN - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 13.31%, while Canaan Inc. (CAN) has a volatility of 47.95%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than CAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	CAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	47.95%	-34.64%
Volatility (6M) Calculated over the trailing 6-month period	30.77%	73.73%	-42.96%
Volatility (1Y) Calculated over the trailing 1-year period	40.21%	119.68%	-79.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.50%	111.90%	-69.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.06%	126.48%	-87.42%

Dividends

BLOK vs. CAN - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.82%, while CAN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Blockchain Technology ETF	0.82%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
CAN Canaan Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and CAN in my portfolio?

BLOK and CAN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLOK or CAN?

CAN has higher volatility (47.95%) compared to BLOK (13.31%). In terms of maximum drawdown, BLOK dropped -73.33% vs CAN's -99.53%.

Which has better risk-adjusted returns?

BLOK currently has the higher Sharpe Ratio (0.03 vs -0.63), 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.