BLOK vs. CBUT.DE
BLOK (Amplify Blockchain Technology ETF) and CBUT.DE (iShares Blockchain Technology UCITS ETF USD (Acc)) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while CBUT.DE is a Technology Equities fund tracking the NYSE FactSet Global Blockchain Technologies Capped. BLOK is actively managed, while CBUT.DE is passively managed. Over the past 3 years, BLOK returned 48.25%/yr vs 45.67%/yr for CBUT.DE. A 0.65 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.50%/yr for CBUT.DE.
Performance
BLOK vs. CBUT.DE - Performance Comparison
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Different Trading Currencies
BLOK is traded in USD, while CBUT.DE is traded in EUR. To make them comparable, the CBUT.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BLOK achieves a 14.77% return, which is significantly lower than CBUT.DE's 27.09% return.
BLOK
- 1D
- -1.82%
- 1M
- 2.14%
- YTD
- 14.77%
- 6M
- 9.76%
- 1Y
- 27.49%
- 3Y*
- 48.25%
- 5Y*
- 11.69%
- 10Y*
- —
CBUT.DE
- 1D
- 0.00%
- 1M
- 2.43%
- YTD
- 27.09%
- 6M
- 22.81%
- 1Y
- 70.16%
- 3Y*
- 45.67%
- 5Y*
- —
- 10Y*
- —
BLOK vs. CBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 14.77% | 32.64% | 53.12% | 99.62% | -17.56% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 27.09% | 27.76% | 6.00% | 246.00% | -31.77% |
Correlation
The correlation between BLOK and CBUT.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.65 |
The correlation between BLOK and CBUT.DE has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
BLOK vs. CBUT.DE — Risk / Return Rank
BLOK
CBUT.DE
BLOK vs. CBUT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE). 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 | CBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.64 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.67 | 3.16 | -1.49 |
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Drawdowns
BLOK vs. CBUT.DE - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, which is greater than CBUT.DE's maximum drawdown of -52.30%. Use the drawdown chart below to compare losses from any high point for BLOK and CBUT.DE.
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Drawdown Indicators
| BLOK | CBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -52.30% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -43.54% | +7.90% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -52.30% | +16.66% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | — | — |
Current DrawdownCurrent decline from peak | -11.27% | -13.71% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -25.99% | -19.57% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 22.49% | -6.01% |
Volatility
BLOK vs. CBUT.DE - Volatility Comparison
The current volatility for Amplify Blockchain Technology ETF (BLOK) is 12.42%, while iShares Blockchain Technology UCITS ETF USD (Acc) (CBUT.DE) has a volatility of 14.15%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than CBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOK | CBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.42% | 14.15% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 29.64% | 36.85% | -7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.10% | 53.41% | -14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 61.27% | -18.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 61.27% | -22.24% |
BLOK vs. CBUT.DE - Expense Ratio Comparison
BLOK has a 0.70% expense ratio, which is higher than CBUT.DE's 0.50% expense ratio.
Dividends
BLOK vs. CBUT.DE - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.62%, while CBUT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 0.62% | 0.72% | 6.00% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% |
CBUT.DE iShares Blockchain Technology UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLOK and CBUT.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUT.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUT.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for BLOK.
BLOK is categorized as Blockchain, while CBUT.DE is Technology Equities. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.70% for BLOK and 0.50% for CBUT.DE.
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