BLOK vs. CAN
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 11.52%/yr vs -45.93%/yr for CAN. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
BLOK vs. CAN - 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 CAN's -56.41% return.
BLOK
- 1D
- -2.95%
- 1M
- -4.92%
- 6M
- -2.25%
- YTD
- 7.03%
- 1Y
- 4.84%
- 3Y*
- 35.64%
- 5Y*
- 11.52%
- 10Y*
- —
CAN
- 1D
- -2.50%
- 1M
- -6.06%
- 6M
- -63.50%
- YTD
- -56.41%
- 1Y
- -58.25%
- 3Y*
- -53.23%
- 5Y*
- -45.93%
- 10Y*
- —
BLOK vs. CAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 7.03% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 90.17% | 2.43% |
CAN Canaan Inc. | -56.41% | -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 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year 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.
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Return for Risk
BLOK vs. CAN — Risk / Return Rank
BLOK
CAN
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 ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.97 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.67 | +0.81 |
| Martin ratioReturn relative to average drawdown | 0.29 | -0.97 | +1.25 |
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Drawdowns
BLOK vs. CAN - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum CAN drawdown of -99.27%. Use the drawdown chart below to compare losses from any high point for BLOK and CAN.
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Drawdown Indicators
| BLOK | CAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -99.27% | +25.94% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -86.98% | +51.34% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -91.63% | +55.99% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -97.50% | +24.17% |
Current DrawdownCurrent decline from peak | -17.26% | -99.17% | +81.91% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -83.94% | +58.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.83% | 60.36% | -43.53% |
Volatility
BLOK vs. CAN - Volatility Comparison
The current volatility for Amplify Blockchain Technology ETF (BLOK) is 10.01%, while Canaan Inc. (CAN) has a volatility of 31.87%. 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.
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Volatility by Period
| BLOK | CAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 31.87% | -21.86% |
Volatility (6M)Calculated over the trailing 6-month period | 29.32% | 64.12% | -34.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.93% | 122.55% | -83.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 111.81% | -69.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.99% | 126.25% | -87.26% |
Dividends
BLOK vs. CAN - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.80%, while CAN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 0.80% | 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
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.
CAN has higher volatility (31.87%) compared to BLOK (10.01%). In terms of maximum drawdown, BLOK dropped -73.33% vs CAN's -99.27%.
BLOK currently has the higher Sharpe Ratio (0.13 vs -0.48), 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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