BLOK vs. IBIT
BLOK (Amplify Blockchain Technology ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BLOK is actively managed, while IBIT is passively managed. Over the past year, BLOK returned 26.82% vs -39.67% for IBIT. A 0.74 correlation means they provide meaningful diversification when combined. BLOK charges 0.70%/yr vs 0.25%/yr for IBIT.
Performance
BLOK vs. IBIT - 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 IBIT's -27.41% return.
BLOK
- 1D
- 1.33%
- 1M
- -2.27%
- YTD
- 12.57%
- 6M
- 5.60%
- 1Y
- 26.82%
- 3Y*
- 50.68%
- 5Y*
- 11.50%
- 10Y*
- —
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOK vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 12.57% | 32.64% | 56.26% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between BLOK and IBIT is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.74 |
The correlation between BLOK and IBIT has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
BLOK vs. IBIT — Risk / Return Rank
BLOK
IBIT
BLOK vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.85 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.78 | +1.47 |
| Martin ratioReturn relative to average drawdown | 1.49 | -1.37 | +2.86 |
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Drawdowns
BLOK vs. IBIT - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BLOK and IBIT.
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Drawdown Indicators
| BLOK | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.33% | -52.11% | -21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -52.11% | +16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | — | — |
Current DrawdownCurrent decline from peak | -12.97% | -49.45% | +36.48% |
Average DrawdownAverage peak-to-trough decline | -26.03% | -16.53% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 29.64% | -13.23% |
Volatility
BLOK vs. IBIT - Volatility Comparison
Amplify Blockchain Technology ETF (BLOK) has a higher volatility of 13.34% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that BLOK's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOK | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.34% | 12.07% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 30.02% | 34.45% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.18% | 44.10% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 50.26% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.05% | 50.26% | -11.21% |
BLOK vs. IBIT - Expense Ratio Comparison
BLOK has a 0.70% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BLOK vs. IBIT - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.64%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 0.64% | 0.72% | 6.00% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLOK and IBIT have a correlation of 0.75, 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 IBIT (12.07%). In terms of maximum drawdown, BLOK dropped -73.33% vs IBIT's -52.11%.
On 1-year performance, BLOK leads with 26.82% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLOK has performed better with a 26.82% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.70% for BLOK.
BLOK has the higher dividend yield at 0.64%, compared with 0.00% for IBIT.
BLOK is categorized as Blockchain, while IBIT is Cryptocurrency. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.70% for BLOK and 0.25% for IBIT.
BLOK currently has the higher Sharpe Ratio (0.63 vs -0.92), 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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