BLOK vs. WGMI

Last updated Jul 14, 2026

BLOK (Amplify Blockchain Technology ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both exchange-traded funds - BLOK is a Blockchain fund actively managed by Amplify, while WGMI is a Cryptocurrency fund actively managed by CoinShares. Both are actively managed. Over the past 3 years, BLOK returned 35.64%/yr vs 43.46%/yr for WGMI. Their correlation of 0.91 suggests significant overlap in exposure. BLOK charges 0.70%/yr vs 0.75%/yr for WGMI.

Performance

BLOK vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, BLOK achieves a 7.03% return, which is significantly lower than WGMI's 36.58% return.

BLOK

• 1D: -2.95%
• 1M: -4.92%
• 6M: -2.25%
• YTD: 7.03%
• 1Y: 4.84%
• 3Y*: 35.64%
• 5Y*: 11.52%
• 10Y*: —

WGMI

• 1D: -5.82%
• 1M: -20.77%
• 6M: 9.97%
• YTD: 36.58%
• 1Y: 110.94%
• 3Y*: 43.46%
• 5Y*: —
• 10Y*: —

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

BLOK vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BLOK Amplify Blockchain Technology ETF	7.03%	32.64%	53.12%	99.62%	-55.89%
WGMI CoinShares Bitcoin Miners ETF	36.58%	72.47%	23.54%	304.08%	-82.94%

Correlation

The correlation between BLOK and WGMI is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.91

The correlation between BLOK and WGMI has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

BLOK vs. WGMI - Sectors Allocation Comparison

Sectors	BLOK	WGMI
Financial Services	56.1%	50.9%
Technology	32.8%	45.2%
Consumer Cyclical	6.5%	-
Communication Services	3.6%	1.4%
Industrials	1.6%	0.5%
Real Estate	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	2.0%

Return for Risk

BLOK vs. WGMI — Risk / Return Rank

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

BLOK

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

WGMI

WGMI Risk / Return Rank: 48
WGMI Sharpe Ratio Rank: 53
WGMI Sortino Ratio Rank: 52
WGMI Omega Ratio Rank: 46
WGMI Calmar Ratio Rank: 55
WGMI Martin Ratio Rank: 36

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Blockchain Technology ETF (BLOK) and CoinShares Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	0.13	1.44	-1.31
Sortino ratio: Return per unit of downside risk	0.44	2.04	-1.60
Omega ratio: Gain probability vs. loss probability	1.05	1.24	-0.19
Calmar ratio: Return relative to maximum drawdown	0.14	2.19	-2.05
Martin ratio: Return relative to average drawdown	0.29	4.37	-4.08

BLOK vs. WGMI - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.13, which is lower than the WGMI Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of BLOK and WGMI, 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. WGMI - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for BLOK and WGMI.

Drawdown Indicators

	BLOK	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-85.76%	+12.43%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-50.94%	+15.30%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-62.79%	+27.15%
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	—	—
Current Drawdown Current decline from peak	-17.26%	-27.50%	+10.24%
Average Drawdown Average peak-to-trough decline	-25.92%	-42.15%	+16.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.83%	25.51%	-8.68%

Volatility

BLOK vs. WGMI - Volatility Comparison

The current volatility for Amplify Blockchain Technology ETF (BLOK) is 10.01%, while CoinShares Bitcoin Miners ETF (WGMI) has a volatility of 22.33%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.01%	22.33%	-12.32%
Volatility (6M) Calculated over the trailing 6-month period	29.32%	56.04%	-26.72%
Volatility (1Y) Calculated over the trailing 1-year period	38.93%	77.66%	-38.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	81.54%	-39.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.99%	81.54%	-42.55%

BLOK vs. WGMI - Expense Ratio Comparison

BLOK has a 0.70% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

BLOK vs. WGMI - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.80%, while WGMI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Blockchain Technology ETF	0.80%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and WGMI in my portfolio?

BLOK and WGMI have a correlation of 0.87, 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 WGMI?

WGMI has higher volatility (22.33%) compared to BLOK (10.01%). In terms of maximum drawdown, BLOK dropped -73.33% vs WGMI's -85.76%.

Which ETF is better, BLOK or WGMI?

On 3-year performance, WGMI leads with 43.46% vs 35.64% for BLOK. On fees, BLOK is cheaper at 0.70% per year. On volatility, BLOK has been the lower-risk option at 10.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or WGMI?

Over the 3-year period, WGMI has performed better with a 43.46% return vs 35.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or WGMI?

BLOK is cheaper with a 0.70% expense ratio, compared with 0.75% for WGMI.

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

BLOK has the higher dividend yield at 0.80%, compared with 0.00% for WGMI.

What is the main difference between BLOK and WGMI?

BLOK is categorized as Blockchain, while WGMI is Cryptocurrency. They also come from different issuers: Amplify and CoinShares. Their fees differ too: 0.70% for BLOK and 0.75% for WGMI.

Which has better risk-adjusted returns?

WGMI currently has the higher Sharpe Ratio (1.44 vs 0.13), 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.