BLOK vs. HYG
BLOK (Amplify Blockchain Technology ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. BLOK is actively managed, while HYG is passively managed. Over the past 5 years, BLOK returned 11.50%/yr vs 3.75%/yr for HYG. A 0.56 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.49%/yr for HYG.
Performance
BLOK vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, BLOK achieves a 12.57% return, which is significantly higher than HYG's 1.65% return.
BLOK
- 1D
- 1.33%
- 1M
- 2.06%
- YTD
- 12.57%
- 6M
- 5.60%
- 1Y
- 26.82%
- 3Y*
- 50.68%
- 5Y*
- 11.50%
- 10Y*
- —
HYG
- 1D
- 0.00%
- 1M
- 1.12%
- YTD
- 1.65%
- 6M
- 2.21%
- 1Y
- 6.81%
- 3Y*
- 8.52%
- 5Y*
- 3.75%
- 10Y*
- 5.04%
BLOK vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 12.57% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 90.17% | 29.54% | -25.38% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.65% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.32% |
Correlation
The correlation between BLOK and HYG is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.56 |
The correlation between BLOK and HYG has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
BLOK vs. HYG — Risk / Return Rank
BLOK
HYG
BLOK vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.79 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.49 | 12.25 | -10.75 |
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Drawdowns
BLOK vs. HYG - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for BLOK and HYG.
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Drawdown Indicators
| BLOK | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -34.25% | -39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -2.34% | -33.30% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -4.56% | -31.08% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -15.79% | -57.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -12.97% | 0.00% | -12.97% |
Average DrawdownAverage peak-to-trough decline | -26.03% | -3.24% | -22.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 0.53% | +15.88% |
Volatility
BLOK vs. HYG - Volatility Comparison
Amplify Blockchain Technology ETF (BLOK) has a higher volatility of 13.34% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.31%. This indicates that BLOK's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOK | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.34% | 1.31% | +12.03% |
Volatility (6M)Calculated over the trailing 6-month period | 30.02% | 3.08% | +26.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.18% | 3.87% | +35.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 7.53% | +35.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.05% | 8.29% | +30.76% |
BLOK vs. HYG - Expense Ratio Comparison
BLOK has a 0.70% expense ratio, which is higher than HYG's 0.49% expense ratio.
Dividends
BLOK vs. HYG - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.64%, less than HYG's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
BLOK and HYG have a correlation of 0.56, 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 HYG (1.31%). In terms of maximum drawdown, BLOK dropped -73.33% vs HYG's -34.25%.
On 5-year performance, BLOK leads with 11.50% vs 3.75% for HYG. On fees, HYG is cheaper at 0.49% per year. On volatility, HYG has been the lower-risk option at 1.31%. 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 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYG is cheaper with a 0.49% expense ratio, compared with 0.70% for BLOK.
HYG has the higher dividend yield at 5.90%, compared with 0.64% for BLOK.
BLOK is categorized as Blockchain, while HYG is High Yield Bonds. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.70% for BLOK and 0.49% for HYG.
HYG currently has the higher Sharpe Ratio (1.68 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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