CBXJ vs. BLOK
CBXJ (Calamos Bitcoin 90 Series Structured Alt Protection ETF - January) and BLOK (Amplify Transformational Data Sharing ETF) are both exchange-traded funds - CBXJ is a Blockchain fund actively managed by Calamos, while BLOK is a Technology Equities fund actively managed by Amplify. Both are actively managed. Over the past year, CBXJ returned -20.48% vs 30.79% for BLOK. A 0.70 correlation means they provide meaningful diversification when combined. CBXJ charges 0.69%/yr vs 0.71%/yr for BLOK.
Performance
CBXJ vs. BLOK - Performance Comparison
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Returns By Period
In the year-to-date period, CBXJ achieves a -10.13% return, which is significantly lower than BLOK's 16.21% return.
CBXJ
- 1D
- -0.69%
- 1M
- -6.42%
- YTD
- -10.13%
- 6M
- -15.21%
- 1Y
- -20.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOK
- 1D
- -2.62%
- 1M
- 7.72%
- YTD
- 16.21%
- 6M
- 7.24%
- 1Y
- 30.79%
- 3Y*
- 51.34%
- 5Y*
- 11.96%
- 10Y*
- —
CBXJ vs. BLOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | -10.13% | -7.64% |
BLOK Amplify Transformational Data Sharing ETF | 16.21% | 19.28% |
Correlation
The correlation between CBXJ and BLOK is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025 | 0.70 |
The correlation between CBXJ and BLOK has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
CBXJ vs. BLOK — Risk / Return Rank
CBXJ
BLOK
CBXJ vs. BLOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) and Amplify Transformational Data Sharing ETF (BLOK). 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.
| CBXJ | BLOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.16 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.87 | -1.60 |
| Martin ratioReturn relative to average drawdown | -1.20 | 1.90 | -3.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBXJ | BLOK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | 0.81 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 0.48 | -1.27 |
Drawdowns
CBXJ vs. BLOK - Drawdown Comparison
The maximum CBXJ drawdown since its inception was -28.02%, smaller than the maximum BLOK drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for CBXJ and BLOK.
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Drawdown Indicators
| CBXJ | BLOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.02% | -73.33% | +45.31% |
Max Drawdown (1Y)Largest decline over 1 year | -28.02% | -35.64% | +7.62% |
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 | -28.02% | -10.16% | -17.86% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -26.08% | +15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 16.23% | +0.88% |
Volatility
CBXJ vs. BLOK - Volatility Comparison
The current volatility for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is 2.90%, while Amplify Transformational Data Sharing ETF (BLOK) has a volatility of 10.59%. This indicates that CBXJ experiences smaller price fluctuations and is considered to be less risky than BLOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBXJ | BLOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 10.59% | -7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 28.55% | -16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 38.29% | -20.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 42.36% | -25.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 38.97% | -22.26% |
CBXJ vs. BLOK - Expense Ratio Comparison
CBXJ has a 0.69% expense ratio, which is lower than BLOK's 0.71% expense ratio.
Dividends
CBXJ vs. BLOK - Dividend Comparison
CBXJ's dividend yield for the trailing twelve months is around 2.19%, more than BLOK's 0.62% yield.
| 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% |
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | 2.19% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBXJ and BLOK have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLOK has higher volatility (10.59%) compared to CBXJ (2.90%). In terms of maximum drawdown, CBXJ dropped -28.02% vs BLOK's -73.33%.
On 1-year performance, BLOK leads with 30.79% vs -20.48% for CBXJ. On fees, CBXJ is cheaper at 0.69% per year. On volatility, CBXJ has been the lower-risk option at 2.90%. 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 30.79% return vs -20.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CBXJ is cheaper with a 0.69% expense ratio, compared with 0.71% for BLOK.
CBXJ has the higher dividend yield at 2.19%, compared with 0.62% for BLOK.
CBXJ is categorized as Blockchain, while BLOK is Technology Equities. They also come from different issuers: Calamos and Amplify. Their fees differ too: 0.69% for CBXJ and 0.71% for BLOK.
BLOK currently has the higher Sharpe Ratio (0.81 vs -1.15), 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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