BLOK vs. HECO

Last updated Jun 24, 2026

BLOK (Amplify Blockchain Technology ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both Blockchain funds. Both are actively managed. Over the past year, BLOK returned 27.49% vs 136.37% for HECO. Their correlation of 0.92 suggests significant overlap in exposure. BLOK charges 0.70%/yr vs 0.90%/yr for HECO.

Performance

BLOK vs. HECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Blockchain Technology ETF (BLOK) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOK achieves a 14.77% return, which is significantly lower than HECO's 72.76% return.

BLOK

• 1D: -1.82%
• 1M: 2.14%
• YTD: 14.77%
• 6M: 9.76%
• 1Y: 27.49%
• 3Y*: 48.25%
• 5Y*: 11.69%
• 10Y*: —

HECO

• 1D: -1.40%
• 1M: 12.83%
• YTD: 72.76%
• 6M: 65.53%
• 1Y: 136.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOK vs. HECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BLOK Amplify Blockchain Technology ETF	14.77%	32.64%	36.43%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	72.76%	26.23%	28.95%

Correlation

The correlation between BLOK and HECO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.92

The correlation between BLOK and HECO has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

BLOK vs. HECO - Sectors Allocation Comparison

Sectors	BLOK	HECO
Financial Services	60.4%	39.5%
Technology	28.3%	55.4%
Consumer Cyclical	6.2%	-
Communication Services	3.1%	-
Industrials	1.0%	5.1%
Real Estate	0.0%	-
Basic Materials	-	1.8%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BLOK vs. HECO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLOK

BLOK Risk / Return Rank: 20
BLOK Sharpe Ratio Rank: 21
BLOK Sortino Ratio Rank: 22
BLOK Omega Ratio Rank: 21
BLOK Calmar Ratio Rank: 18
BLOK Martin Ratio Rank: 17

HECO

HECO Risk / Return Rank: 92
HECO Sharpe Ratio Rank: 96
HECO Sortino Ratio Rank: 92
HECO Omega Ratio Rank: 88
HECO Calmar Ratio Rank: 94
HECO Martin Ratio Rank: 89

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. HECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). 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	HECO	Difference
Sharpe ratio: Return per unit of total volatility	0.71	3.66	-2.96
Sortino ratio: Return per unit of downside risk	1.17	4.00	-2.83
Omega ratio: Gain probability vs. loss probability	1.14	1.51	-0.37
Calmar ratio: Return relative to maximum drawdown	0.77	6.52	-5.75
Martin ratio: Return relative to average drawdown	1.67	18.64	-16.96

BLOK vs. HECO - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.71, which is lower than the HECO Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of BLOK and HECO, 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. HECO - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, which is greater than HECO's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for BLOK and HECO.

Drawdown Indicators

	BLOK	HECO	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-44.59%	-28.74%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-21.03%	-14.61%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	—	—
Current Drawdown Current decline from peak	-11.27%	-1.40%	-9.87%
Average Drawdown Average peak-to-trough decline	-25.99%	-11.53%	-14.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.48%	7.35%	+9.13%

Volatility

BLOK vs. HECO - Volatility Comparison

Amplify Blockchain Technology ETF (BLOK) has a higher volatility of 12.42% compared to State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) at 10.26%. This indicates that BLOK's price experiences larger fluctuations and is considered to be riskier than HECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	HECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	10.26%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	29.64%	28.99%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	39.10%	37.49%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	44.68%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	44.68%	-5.65%

BLOK vs. HECO - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is lower than HECO's 0.90% expense ratio.

Dividends

BLOK vs. HECO - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.62%, while HECO 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%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and HECO in my portfolio?

With a correlation of 0.93, BLOK and HECO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BLOK or HECO?

BLOK has higher volatility (12.42%) compared to HECO (10.26%). In terms of maximum drawdown, BLOK dropped -73.33% vs HECO's -44.59%.

Which ETF is better, BLOK or HECO?

On 1-year performance, HECO leads with 136.37% vs 27.49% for BLOK. On fees, BLOK is cheaper at 0.70% per year. On volatility, HECO has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or HECO?

Over the 1-year period, HECO has performed better with a 136.37% return vs 27.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or HECO?

BLOK is cheaper with a 0.70% expense ratio, compared with 0.90% for HECO.

Which ETF pays a higher dividend yield, BLOK or HECO?

BLOK has the higher dividend yield at 0.62%, compared with 0.00% for HECO.

What is the main difference between BLOK and HECO?

They also come from different issuers: Amplify and State Street. Their fees differ too: 0.70% for BLOK and 0.90% for HECO.

Which has better risk-adjusted returns?

HECO currently has the higher Sharpe Ratio (3.66 vs 0.71), 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.