BLOK vs. SBIT

Last updated Aug 2, 2026

BLOK (Amplify Blockchain Technology ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). BLOK is actively managed, while SBIT is passively managed. Over the past year, BLOK returned 6.60% vs 98.77% for SBIT. Their -0.73 correlation means they have often moved in opposite directions in the past. BLOK charges 0.70%/yr vs 0.95%/yr for SBIT.

Performance

BLOK vs. SBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, BLOK achieves a 4.30% return, which is significantly lower than SBIT's 39.44% return.

BLOK

• 1D: -1.22%
• 1M: -3.77%
• 6M: -0.08%
• YTD: 4.30%
• 1Y: 6.60%
• 3Y*: 35.59%
• 5Y*: 10.22%
• 10Y*: —
• ALL TIME*: 17.03%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOK Amplify Blockchain Technology ETF	$12.12M	$10.76M	$19.14M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

BLOK vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BLOK Amplify Blockchain Technology ETF	4.30%	32.64%	28.53%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between BLOK and SBIT is -0.73, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.73
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.73

The correlation between BLOK and SBIT has been stable across timeframes, ranging from -0.73 to -0.73 - a consistent structural relationship.

Return for Risk

BLOK vs. SBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLOK

BLOK Risk / Return Rank: 12
BLOK Sharpe Ratio Rank: 12
BLOK Sortino Ratio Rank: 13
BLOK Omega Ratio Rank: 13
BLOK Calmar Ratio Rank: 11
BLOK Martin Ratio Rank: 11

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLOK vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and Proshares Ultrashort Bitcoin ETF (SBIT). 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	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.27	-1.24
Sortino ratio: Return per unit of downside risk	0.32	1.95	-1.62
Omega ratio: Gain probability vs. loss probability	1.04	1.23	-0.19
Calmar ratio: Return relative to maximum drawdown	0.03	2.35	-2.32
Martin ratio: Return relative to average drawdown	0.07	5.19	-5.12

BLOK vs. SBIT - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.03, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of BLOK and SBIT, 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. SBIT - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BLOK and SBIT.

Drawdown Indicators

	BLOK	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-91.35%	+18.02%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-47.94%	+12.30%
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	-19.37%	-77.87%	+58.50%
Average Drawdown Average peak-to-trough decline	-25.87%	-69.07%	+43.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.28%	21.67%	-4.39%

Volatility

BLOK vs. SBIT - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 13.31%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	18.09%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	30.77%	67.10%	-36.33%
Volatility (1Y) Calculated over the trailing 1-year period	40.21%	88.65%	-48.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.50%	96.10%	-53.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.06%	96.10%	-57.04%

BLOK vs. SBIT - Expense Ratio Comparison

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

Dividends

BLOK vs. SBIT - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.82%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Blockchain Technology ETF	0.82%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and SBIT in my portfolio?

BLOK and SBIT have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLOK or SBIT?

SBIT has higher volatility (18.09%) compared to BLOK (13.31%). In terms of maximum drawdown, BLOK dropped -73.33% vs SBIT's -91.35%.

Which ETF is better, BLOK or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 6.60% for BLOK. On fees, BLOK is cheaper at 0.70% per year. On volatility, BLOK has been the lower-risk option at 13.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or SBIT?

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

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

SBIT has the higher dividend yield at 4.03%, compared with 0.82% for BLOK.

What is the main difference between BLOK and SBIT?

BLOK is categorized as Blockchain, while SBIT is Cryptocurrency. They also come from different issuers: Amplify and ProShares. Their fees differ too: 0.70% for BLOK and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 0.03), 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.