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BLOK vs. EWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLOK vs. EWJ

Last updated Jun 14, 2026

BLOK (Amplify Blockchain Technology ETF) and EWJ (iShares MSCI Japan ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while EWJ is a Japan Equities fund tracking the MSCI Japan Index. BLOK is actively managed, while EWJ is passively managed. Over the past 5 years, BLOK returned 11.50%/yr vs 8.56%/yr for EWJ. A 0.53 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.49%/yr for EWJ.

Performance

BLOK vs. EWJ - Performance Comparison

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

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Returns By Period

In the year-to-date period, BLOK achieves a 12.57% return, which is significantly lower than EWJ's 14.83% return.

BLOK

1D
1.33%
1M
2.06%
YTD
12.57%
6M
5.60%
1Y
26.82%
3Y*
50.68%
5Y*
11.50%
10Y*
—

EWJ

1D
0.57%
1M
1.80%
YTD
14.83%
6M
14.50%
1Y
31.74%
3Y*
16.57%
5Y*
8.56%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLOK vs. EWJ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BLOK
Amplify Blockchain Technology ETF		12.57%32.64%53.12%99.62%-62.36%30.76%90.17%29.54%-25.38%
EWJ
iShares MSCI Japan ETF		14.83%25.84%7.03%20.29%-17.72%1.16%15.40%19.34%-18.88%

Correlation

The correlation between BLOK and EWJ is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2018

0.53

The correlation between BLOK and EWJ has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

BLOK vs. EWJ - Sectors Allocation Comparison

Sectors
BLOK
EWJ

Financial Services

59.2%
17.0%

Technology

29.0%
21.7%

Consumer Cyclical

6.3%
11.9%

Communication Services

3.3%
8.9%

Industrials

0.7%
24.5%

Real Estate

0.0%
1.9%

Basic Materials

-

3.4%

Consumer Defensive

-

3.3%

Energy

-

0.9%

Healthcare

-

5.6%

Utilities

-

1.0%

Financial Services

BLOK
59.2%
EWJ
17.0%

Technology

BLOK
29.0%
EWJ
21.7%

Consumer Cyclical

BLOK
6.3%
EWJ
11.9%

Communication Services

BLOK
3.3%
EWJ
8.9%

Industrials

BLOK
0.7%
EWJ
24.5%

Real Estate

BLOK
0.0%
EWJ
1.9%

Basic Materials

BLOK

-

EWJ
3.4%

Consumer Defensive

BLOK

-

EWJ
3.3%

Energy

BLOK

-

EWJ
0.9%

Healthcare

BLOK

-

EWJ
5.6%

Utilities

BLOK

-

EWJ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amplify Blockchain Technology ETF

iShares MSCI Japan ETF

Often compared with BLOK:
BLOK vs. BKCHBLOK vs. BITQBLOK vs. DAPPBLOK vs. BLCNBLOK vs. ARKFBLOK vs. BLOXBLOK vs. WGMI
Often compared with EWJ:
EWJ vs. DXJEWJ vs. ^N225EWJ vs. EWJVEWJ vs. EWYEWJ vs. FLJPEWJ vs. HEWJEWJ vs. JPXN

Return for Risk

BLOK vs. EWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLOK
BLOK Risk / Return Rank: 2020
Overall Rank
BLOK Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
BLOK Sortino Ratio Rank: 2222
Sortino Ratio Rank
BLOK Omega Ratio Rank: 2222
Omega Ratio Rank
BLOK Calmar Ratio Rank: 1919
Calmar Ratio Rank
BLOK Martin Ratio Rank: 1717
Martin Ratio Rank
EWJ
EWJ Risk / Return Rank: 5151
Overall Rank
EWJ Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EWJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
EWJ Omega Ratio Rank: 5151
Omega Ratio Rank
EWJ Calmar Ratio Rank: 5151
Calmar Ratio Rank
EWJ Martin Ratio Rank: 5151
Martin Ratio Rank
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. EWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and iShares MSCI Japan ETF (EWJ). 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.

BLOKEWJDifference
Sharpe ratioReturn per unit of total volatility
0.63
1.52

-0.90

Sortino ratioReturn per unit of downside risk
1.08
2.21

-1.13

Omega ratioGain probability vs. loss probability

1.13

1.28

-0.15

Calmar ratioReturn relative to maximum drawdown

0.69

2.27

-1.58

Martin ratioReturn relative to average drawdown

1.49

7.62

-6.13

BLOK vs. EWJ - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.63, which is lower than the EWJ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BLOK and EWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BLOK vs. EWJ - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, which is greater than EWJ's maximum drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for BLOK and EWJ.

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Drawdown Indicators

BLOKEWJDifference

Max Drawdown

Largest peak-to-trough decline

-73.33%

-60.93%

-12.40%

Max Drawdown (1Y)

Largest decline over 1 year

-35.64%

-13.59%

-22.05%

Max Drawdown (3Y)

Largest decline over 3 years

-35.64%

-14.68%

-20.96%

Max Drawdown (5Y)

Largest decline over 5 years

-73.33%

-33.14%

-40.19%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.14%

—

Current Drawdown

Current decline from peak

-12.97%

-1.51%

-11.46%

Average Drawdown

Average peak-to-trough decline

-26.03%

-21.72%

-4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.41%

4.04%

+12.37%

Volatility

BLOK vs. EWJ - Volatility Comparison

Amplify Blockchain Technology ETF (BLOK) has a higher volatility of 13.34% compared to iShares MSCI Japan ETF (EWJ) at 6.31%. This indicates that BLOK's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLOKEWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.34%

6.31%

+7.03%

Volatility (6M)

Calculated over the trailing 6-month period

30.02%

15.96%

+14.06%

Volatility (1Y)

Calculated over the trailing 1-year period

39.18%

20.23%

+18.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.53%

18.38%

+24.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.05%

17.33%

+21.72%

BLOK vs. EWJ - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is higher than EWJ's 0.49% expense ratio.

Dividends

BLOK vs. EWJ - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.64%, less than EWJ's 3.94% yield.

PositionTTM20252024202320222021202020192018201720162015
BLOK
Amplify Blockchain Technology ETF		0.64%0.72%6.00%1.15%0.00%14.31%1.88%2.05%1.30%0.00%0.00%0.00%
EWJ
iShares MSCI Japan ETF		3.94%4.52%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%

Frequently Asked Questions

BLOK and EWJ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BLOK has higher volatility (13.34%) compared to EWJ (6.31%). In terms of maximum drawdown, BLOK dropped -73.33% vs EWJ's -60.93%.

On 5-year performance, BLOK leads with 11.50% vs 8.56% for EWJ. On fees, EWJ is cheaper at 0.49% per year. On volatility, EWJ has been the lower-risk option at 6.31%. 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 11.50% return vs 8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWJ is cheaper with a 0.49% expense ratio, compared with 0.70% for BLOK.

EWJ has the higher dividend yield at 3.94%, compared with 0.64% for BLOK.

BLOK is categorized as Blockchain, while EWJ is Japan Equities. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.70% for BLOK and 0.49% for EWJ.

EWJ currently has the higher Sharpe Ratio (1.52 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.

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