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EWJ vs. BLOK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWJ vs. BLOK

Last updated Jun 14, 2026

EWJ (iShares MSCI Japan ETF) and BLOK (Amplify Blockchain Technology ETF) are both exchange-traded funds - EWJ is a Japan Equities fund tracking the MSCI Japan Index, while BLOK is a Blockchain fund actively managed by Amplify. EWJ is passively managed, while BLOK is actively managed. Over the past 5 years, EWJ returned 8.56%/yr vs 11.50%/yr for BLOK. A 0.53 correlation means they provide meaningful diversification when combined. EWJ charges 0.49%/yr vs 0.70%/yr for BLOK.

Performance

EWJ vs. BLOK - Performance Comparison

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

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Returns By Period

In the year-to-date period, EWJ achieves a 14.83% return, which is significantly higher than BLOK's 12.57% return.

EWJ

1D
0.57%
1M
1.80%
YTD
14.83%
6M
14.50%
1Y
31.74%
3Y*
16.57%
5Y*
8.56%
10Y*
9.55%

BLOK

1D
1.33%
1M
2.06%
YTD
12.57%
6M
5.60%
1Y
26.82%
3Y*
50.68%
5Y*
11.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWJ vs. BLOK - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EWJ
iShares MSCI Japan ETF		14.83%25.84%7.03%20.29%-17.72%1.16%15.40%19.34%-18.88%
BLOK
Amplify Blockchain Technology ETF		12.57%32.64%53.12%99.62%-62.36%30.76%90.17%29.54%-25.38%

Correlation

The correlation between EWJ and BLOK is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2018

0.53

The correlation between EWJ and BLOK has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

EWJ vs. BLOK - Sectors Allocation Comparison

Sectors
EWJ
BLOK

Industrials

24.5%
0.7%

Technology

21.7%
29.0%

Financial Services

17.0%
59.2%

Consumer Cyclical

11.9%
6.3%

Communication Services

8.9%
3.3%

Healthcare

5.6%

-

Basic Materials

3.4%

-

Consumer Defensive

3.3%

-

Real Estate

1.9%
0.0%

Utilities

1.0%

-

Energy

0.9%

-

Industrials

EWJ
24.5%
BLOK
0.7%

Technology

EWJ
21.7%
BLOK
29.0%

Financial Services

EWJ
17.0%
BLOK
59.2%

Consumer Cyclical

EWJ
11.9%
BLOK
6.3%

Communication Services

EWJ
8.9%
BLOK
3.3%

Healthcare

EWJ
5.6%
BLOK

-

Basic Materials

EWJ
3.4%
BLOK

-

Consumer Defensive

EWJ
3.3%
BLOK

-

Real Estate

EWJ
1.9%
BLOK
0.0%

Utilities

EWJ
1.0%
BLOK

-

Energy

EWJ
0.9%
BLOK

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Japan ETF

Amplify Blockchain Technology ETF

Often compared with EWJ:
EWJ vs. DXJEWJ vs. ^N225EWJ vs. EWJVEWJ vs. EWYEWJ vs. FLJPEWJ vs. HEWJEWJ vs. JPXN
Often compared with BLOK:
BLOK vs. BKCHBLOK vs. BITQBLOK vs. DAPPBLOK vs. BLCNBLOK vs. ARKFBLOK vs. BLOXBLOK vs. WGMI

Return for Risk

EWJ vs. BLOK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWJ
EWJ Risk / Return Rank: 5151
Overall Rank
EWJ Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EWJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
EWJ Omega Ratio Rank: 5151
Omega Ratio Rank
EWJ Calmar Ratio Rank: 5151
Calmar Ratio Rank
EWJ Martin Ratio Rank: 5151
Martin Ratio Rank
BLOK
BLOK Risk / Return Rank: 2020
Overall Rank
BLOK Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
BLOK Sortino Ratio Rank: 2222
Sortino Ratio Rank
BLOK Omega Ratio Rank: 2222
Omega Ratio Rank
BLOK Calmar Ratio Rank: 1919
Calmar Ratio Rank
BLOK Martin Ratio Rank: 1717
Martin Ratio Rank
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.

EWJ vs. BLOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ETF (EWJ) and Amplify Blockchain Technology 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.

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.

EWJBLOKDifference
Sharpe ratioReturn per unit of total volatility
1.52
0.63

+0.90

Sortino ratioReturn per unit of downside risk
2.21
1.08

+1.13

Omega ratioGain probability vs. loss probability

1.28

1.13

+0.15

Calmar ratioReturn relative to maximum drawdown

2.27

0.69

+1.58

Martin ratioReturn relative to average drawdown

7.62

1.49

+6.13

EWJ vs. BLOK - Sharpe Ratio Comparison

The current EWJ Sharpe Ratio is 1.52, which is higher than the BLOK Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of EWJ and BLOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EWJ vs. BLOK - Drawdown Comparison

The maximum EWJ drawdown since its inception was -60.93%, smaller than the maximum BLOK drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for EWJ and BLOK.

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Drawdown Indicators

EWJBLOKDifference

Max Drawdown

Largest peak-to-trough decline

-60.93%

-73.33%

+12.40%

Max Drawdown (1Y)

Largest decline over 1 year

-13.59%

-35.64%

+22.05%

Max Drawdown (3Y)

Largest decline over 3 years

-14.68%

-35.64%

+20.96%

Max Drawdown (5Y)

Largest decline over 5 years

-33.14%

-73.33%

+40.19%

Max Drawdown (10Y)

Largest decline over 10 years

-33.14%

—

—

Current Drawdown

Current decline from peak

-1.51%

-12.97%

+11.46%

Average Drawdown

Average peak-to-trough decline

-21.72%

-26.03%

+4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

16.41%

-12.37%

Volatility

EWJ vs. BLOK - Volatility Comparison

The current volatility for iShares MSCI Japan ETF (EWJ) is 6.31%, while Amplify Blockchain Technology ETF (BLOK) has a volatility of 13.34%. This indicates that EWJ 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

EWJBLOKDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.31%

13.34%

-7.03%

Volatility (6M)

Calculated over the trailing 6-month period

15.96%

30.02%

-14.06%

Volatility (1Y)

Calculated over the trailing 1-year period

20.23%

39.18%

-18.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.38%

42.53%

-24.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.33%

39.05%

-21.72%

EWJ vs. BLOK - Expense Ratio Comparison

EWJ has a 0.49% expense ratio, which is lower than BLOK's 0.70% expense ratio.

Dividends

EWJ vs. BLOK - Dividend Comparison

EWJ's dividend yield for the trailing twelve months is around 3.94%, more than BLOK's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
BLOK
Amplify Blockchain Technology ETF		0.64%0.72%6.00%1.15%0.00%14.31%1.88%2.05%1.30%0.00%0.00%0.00%
EWJ
iShares MSCI Japan ETF		3.94%4.52%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%

Frequently Asked Questions

EWJ and BLOK 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.

BLOK has higher volatility (13.34%) compared to EWJ (6.31%). In terms of maximum drawdown, EWJ dropped -60.93% vs BLOK's -73.33%.

On 5-year performance, BLOK leads with 11.50% vs 8.56% for EWJ. On fees, EWJ is cheaper at 0.49% per year. On volatility, EWJ has been the lower-risk option at 6.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BLOK has performed better with a 11.50% return vs 8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWJ is cheaper with a 0.49% expense ratio, compared with 0.70% for BLOK.

EWJ has the higher dividend yield at 3.94%, compared with 0.64% for BLOK.

EWJ is categorized as Japan Equities, while BLOK is Blockchain. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.49% for EWJ and 0.70% for BLOK.

EWJ currently has the higher Sharpe Ratio (1.52 vs 0.63), 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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