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BLOK vs. FNGO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLOK vs. FNGO

Last updated Jun 13, 2026

BLOK (Amplify Blockchain Technology ETF) and FNGO (MicroSectors FANG+ Index 2X Leveraged ETN) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while FNGO is a Leveraged Equities fund tracking the NYSE FANG+ Index (+200%). BLOK is actively managed, while FNGO is passively managed. Over the past 5 years, BLOK returned 11.50%/yr vs 25.62%/yr for FNGO. A 0.66 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.95%/yr for FNGO.

Performance

BLOK vs. FNGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Blockchain Technology ETF (BLOK) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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 higher than FNGO's 8.91% return.

BLOK

1D
1.33%
1M
-0.28%
YTD
12.57%
6M
5.60%
1Y
24.42%
3Y*
50.68%
5Y*
11.50%
10Y*
—

FNGO

1D
-1.60%
1M
-7.03%
YTD
8.91%
6M
3.86%
1Y
26.54%
3Y*
49.78%
5Y*
25.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLOK vs. FNGO - 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%-25.04%
FNGO
MicroSectors FANG+ Index 2X Leveraged ETN		8.91%25.49%101.65%240.10%-71.55%28.38%238.00%79.61%-39.85%

Correlation

The correlation between BLOK and FNGO is 0.61, 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

0.61

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

0.58

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

0.68

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2018

0.66

The correlation between BLOK and FNGO has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.

BLOK vs. FNGO - Sectors Allocation Comparison

Sectors
BLOK
FNGO

Financial Services

55.3%
10.0%

Technology

31.8%
59.9%

Consumer Cyclical

6.7%
11.3%

Communication Services

5.2%
28.8%

Industrials

1.0%

-

Real Estate

0.0%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Utilities

-

-

Financial Services

BLOK
55.3%
FNGO
10.0%

Technology

BLOK
31.8%
FNGO
59.9%

Consumer Cyclical

BLOK
6.7%
FNGO
11.3%

Communication Services

BLOK
5.2%
FNGO
28.8%

Industrials

BLOK
1.0%
FNGO

-

Real Estate

BLOK
0.0%
FNGO

-

Basic Materials

BLOK

-

FNGO

-

Consumer Defensive

BLOK

-

FNGO

-

Energy

BLOK

-

FNGO

-

Healthcare

BLOK

-

FNGO

-

Utilities

BLOK

-

FNGO

-

Compare stocks, funds, or ETFs

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Amplify Blockchain Technology ETF

MicroSectors FANG+ Index 2X Leveraged ETN

Often compared with BLOK:
BLOK vs. BKCHBLOK vs. BITQBLOK vs. DAPPBLOK vs. BLCNBLOK vs. ARKFBLOK vs. BLOXBLOK vs. WGMI
Often compared with FNGO:
FNGO vs. FNGUFNGO vs. FNGSFNGO vs. FNGGFNGO vs. QLDFNGO vs. USDFNGO vs. MAGXFNGO vs. TQQQ

Return for Risk

BLOK vs. FNGO — 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
FNGO
FNGO Risk / Return Rank: 2020
Overall Rank
FNGO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
FNGO Sortino Ratio Rank: 2222
Sortino Ratio Rank
FNGO Omega Ratio Rank: 2222
Omega Ratio Rank
FNGO Calmar Ratio Rank: 1818
Calmar Ratio Rank
FNGO Martin Ratio Rank: 1818
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. FNGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.

BLOKFNGODifference
Sharpe ratioReturn per unit of total volatility
0.63
0.64

-0.01

Sortino ratioReturn per unit of downside risk
1.08
1.10

-0.02

Omega ratioGain probability vs. loss probability

1.13

1.13

0.00

Calmar ratioReturn relative to maximum drawdown

0.69

0.62

+0.06

Martin ratioReturn relative to average drawdown

1.49

1.62

-0.13

BLOK vs. FNGO - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.63, which is comparable to the FNGO Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BLOK and FNGO, 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. FNGO - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum FNGO drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for BLOK and FNGO.

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Drawdown Indicators

BLOKFNGODifference

Max Drawdown

Largest peak-to-trough decline

-73.33%

-78.39%

+5.06%

Max Drawdown (1Y)

Largest decline over 1 year

-35.64%

-42.73%

+7.09%

Max Drawdown (3Y)

Largest decline over 3 years

-35.64%

-47.64%

+12.00%

Max Drawdown (5Y)

Largest decline over 5 years

-73.33%

-78.39%

+5.06%

Current Drawdown

Current decline from peak

-12.97%

-18.46%

+5.49%

Average Drawdown

Average peak-to-trough decline

-26.03%

-23.87%

-2.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.41%

16.45%

-0.04%

Volatility

BLOK vs. FNGO - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 13.34%, while MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a volatility of 17.58%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLOKFNGODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.34%

17.58%

-4.24%

Volatility (6M)

Calculated over the trailing 6-month period

30.02%

33.63%

-3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

39.18%

41.88%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.53%

60.50%

-17.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.05%

61.61%

-22.56%

BLOK vs. FNGO - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is lower than FNGO's 0.95% expense ratio.

Dividends

BLOK vs. FNGO - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.64%, while FNGO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
BLOK
Amplify Blockchain Technology ETF		0.64%0.72%6.00%1.15%0.00%14.31%1.88%2.05%1.30%
FNGO
MicroSectors FANG+ Index 2X Leveraged ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BLOK and FNGO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FNGO has higher volatility (17.58%) compared to BLOK (13.34%). In terms of maximum drawdown, BLOK dropped -73.33% vs FNGO's -78.39%.

On 5-year performance, FNGO leads with 25.62% vs 11.50% for BLOK. On fees, BLOK is cheaper at 0.70% per year. On volatility, BLOK has been the lower-risk option at 13.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FNGO has performed better with a 25.62% return vs 11.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BLOK is cheaper with a 0.70% expense ratio, compared with 0.95% for FNGO.

BLOK has the higher dividend yield at 0.64%, compared with 0.00% for FNGO.

BLOK is categorized as Blockchain, while FNGO is Leveraged Equities. They also come from different issuers: Amplify and Bank of Montreal. Their fees differ too: 0.70% for BLOK and 0.95% for FNGO.

FNGO currently has the higher Sharpe Ratio (0.64 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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