BLOK vs. SHLD

Last updated Jun 13, 2026

BLOK (Amplify Blockchain Technology ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. BLOK is actively managed, while SHLD is passively managed. Over the past year, BLOK returned 24.42% vs 10.40% for SHLD. At a 0.43 correlation, their price movements are largely independent. BLOK charges 0.70%/yr vs 0.50%/yr for SHLD.

Performance

BLOK vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Blockchain Technology ETF (BLOK) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOK achieves a 12.57% return, which is significantly higher than SHLD's -1.50% return.

BLOK

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

SHLD

• 1D: -2.04%
• 1M: 0.05%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 10.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOK vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLOK Amplify Blockchain Technology ETF	12.57%	32.64%	53.12%	42.44%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between BLOK and SHLD is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.43

The correlation between BLOK and SHLD has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

BLOK vs. SHLD - Sectors Allocation Comparison

Sectors	BLOK	SHLD
Financial Services	55.3%	-
Technology	31.8%	11.8%
Consumer Cyclical	6.7%	-
Communication Services	5.2%	-
Industrials	1.0%	88.2%
Real Estate	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BLOK vs. SHLD — 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: 22
BLOK Calmar Ratio Rank: 19
BLOK Martin Ratio Rank: 17

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.43	+0.20
Sortino ratio: Return per unit of downside risk	1.08	0.78	+0.30
Omega ratio: Gain probability vs. loss probability	1.13	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	0.69	0.52	+0.17
Martin ratio: Return relative to average drawdown	1.49	1.28	+0.21

BLOK vs. SHLD - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.63, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of BLOK and SHLD, 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. SHLD - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for BLOK and SHLD.

Drawdown Indicators

	BLOK	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-20.10%	-53.23%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-20.10%	-15.54%
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	-12.97%	-18.20%	+5.23%
Average Drawdown Average peak-to-trough decline	-26.03%	-3.34%	-22.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.41%	8.12%	+8.29%

Volatility

BLOK vs. SHLD - Volatility Comparison

Amplify Blockchain Technology ETF (BLOK) has a higher volatility of 13.34% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that BLOK's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.34%	9.05%	+4.29%
Volatility (6M) Calculated over the trailing 6-month period	30.02%	19.94%	+10.08%
Volatility (1Y) Calculated over the trailing 1-year period	39.18%	24.55%	+14.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	21.29%	+21.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.05%	21.29%	+17.76%

BLOK vs. SHLD - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

BLOK vs. SHLD - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.64%, more than SHLD's 0.56% yield.

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%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and SHLD in my portfolio?

BLOK and SHLD have a correlation of 0.50, 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 SHLD?

BLOK has higher volatility (13.34%) compared to SHLD (9.05%). In terms of maximum drawdown, BLOK dropped -73.33% vs SHLD's -20.10%.

Which ETF is better, BLOK or SHLD?

On 1-year performance, BLOK leads with 24.42% vs 10.40% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or SHLD?

Over the 1-year period, BLOK has performed better with a 24.42% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.70% for BLOK.

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

BLOK has the higher dividend yield at 0.64%, compared with 0.56% for SHLD.

What is the main difference between BLOK and SHLD?

BLOK is categorized as Blockchain, while SHLD is Aerospace & Defense. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.70% for BLOK and 0.50% for SHLD.

Which has better risk-adjusted returns?

BLOK currently has the higher Sharpe Ratio (0.63 vs 0.43), 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.