BLOK vs. WULF

Last updated Jun 4, 2026

BLOK (Amplify Transformational Data Sharing ETF) is Technology Equities fund actively managed by Amplify, while WULF (TeraWulf Inc.) is a stock. Over the past 5 years, BLOK returned 11.96%/yr vs 23.07%/yr for WULF. At a 0.45 correlation, their price movements are largely independent.

Performance

BLOK vs. WULF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Transformational Data Sharing ETF (BLOK) and TeraWulf Inc. (WULF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOK achieves a 16.21% return, which is significantly lower than WULF's 127.68% return.

BLOK

• 1D: -2.62%
• 1M: 7.72%
• YTD: 16.21%
• 6M: 7.24%
• 1Y: 30.79%
• 3Y*: 51.34%
• 5Y*: 11.96%
• 10Y*: —

WULF

• 1D: -1.25%
• 1M: 17.36%
• YTD: 127.68%
• 6M: 81.29%
• 1Y: 592.06%
• 3Y*: 159.91%
• 5Y*: 23.07%
• 10Y*: 11.07%

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

BLOK vs. WULF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Transformational Data Sharing ETF	16.21%	32.64%	53.12%	99.62%	-62.36%	30.76%	90.17%	29.54%	-25.97%
WULF TeraWulf Inc.	127.68%	103.00%	135.83%	260.58%	-95.58%	77.08%	86.34%	-36.55%	9.51%

Correlation

The correlation between BLOK and WULF is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.45

Over the past year, BLOK and WULF have become more correlated (0.69) than their long-term average of 0.45, meaning their price movements have been converging.

Return for Risk

BLOK vs. WULF — Risk / Return Rank

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

BLOK

BLOK Risk / Return Rank: 21
BLOK Sharpe Ratio Rank: 23
BLOK Sortino Ratio Rank: 23
BLOK Omega Ratio Rank: 23
BLOK Calmar Ratio Rank: 20
BLOK Martin Ratio Rank: 18

WULF

WULF Risk / Return Rank: 97
WULF Sharpe Ratio Rank: 99
WULF Sortino Ratio Rank: 96
WULF Omega Ratio Rank: 94
WULF Calmar Ratio Rank: 99
WULF Martin Ratio Rank: 99

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. WULF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) and TeraWulf Inc. (WULF). 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.

	BLOK	WULF	Difference
Sharpe ratio: Return per unit of total volatility	0.81	5.59	-4.78
Sortino ratio: Return per unit of downside risk	1.30	4.56	-3.26
Omega ratio: Gain probability vs. loss probability	1.16	1.54	-0.39
Calmar ratio: Return relative to maximum drawdown	0.87	18.82	-17.95
Martin ratio: Return relative to average drawdown	1.90	49.71	-47.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLOK vs. WULF - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.81, which is lower than the WULF Sharpe Ratio of 5.59. The chart below compares the historical Sharpe Ratios of BLOK and WULF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLOK	WULF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	5.59	-4.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.18	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.11	+0.37

Drawdowns

BLOK vs. WULF - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for BLOK and WULF.

Drawdown Indicators

	BLOK	WULF	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-98.50%	+25.17%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-31.74%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-75.77%	+40.13%
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	-98.50%	+25.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.50%	—
Current Drawdown Current decline from peak	-10.16%	-27.47%	+17.31%
Average Drawdown Average peak-to-trough decline	-26.08%	-46.68%	+20.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.23%	11.99%	+4.24%

Volatility

BLOK vs. WULF - Volatility Comparison

The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 10.59%, while TeraWulf Inc. (WULF) has a volatility of 22.16%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOK	WULF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	22.16%	-11.57%
Volatility (6M) Calculated over the trailing 6-month period	28.55%	64.17%	-35.62%
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	106.93%	-68.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.36%	127.54%	-85.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.97%	101.31%	-62.34%

Dividends

BLOK vs. WULF - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.62%, while WULF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Transformational Data Sharing ETF	0.62%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
WULF TeraWulf Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	33.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLOK and WULF in my portfolio?

BLOK and WULF have a correlation of 0.69, 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 WULF?

WULF has higher volatility (22.16%) compared to BLOK (10.59%). In terms of maximum drawdown, BLOK dropped -73.33% vs WULF's -98.50%.

Which has better risk-adjusted returns?

WULF currently has the higher Sharpe Ratio (5.59 vs 0.81), 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.