IBIT vs. BLOK
IBIT (iShares Bitcoin Trust ETF) and BLOK (Amplify Blockchain Technology ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BLOK is a Blockchain fund actively managed by Amplify. IBIT is passively managed, while BLOK is actively managed. Over the past year, IBIT returned -39.67% vs 26.82% for BLOK. A 0.74 correlation means they provide meaningful diversification when combined. IBIT charges 0.25%/yr vs 0.70%/yr for BLOK.
Performance
IBIT vs. BLOK - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than BLOK's 12.57% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOK
- 1D
- 1.33%
- 1M
- -2.27%
- YTD
- 12.57%
- 6M
- 5.60%
- 1Y
- 26.82%
- 3Y*
- 50.68%
- 5Y*
- 11.50%
- 10Y*
- —
IBIT vs. BLOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
BLOK Amplify Blockchain Technology ETF | 12.57% | 32.64% | 56.26% |
Correlation
The correlation between IBIT and BLOK is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.74 |
The correlation between IBIT and BLOK has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
IBIT vs. BLOK — Risk / Return Rank
IBIT
BLOK
IBIT vs. BLOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | BLOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.13 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.69 | -1.47 |
| Martin ratioReturn relative to average drawdown | -1.37 | 1.49 | -2.86 |
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Drawdowns
IBIT vs. BLOK - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum BLOK drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for IBIT and BLOK.
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Drawdown Indicators
| IBIT | BLOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -73.33% | +21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -35.64% | -16.47% |
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 | -49.45% | -12.97% | -36.48% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -26.03% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 16.41% | +13.23% |
Volatility
IBIT vs. BLOK - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Amplify Blockchain Technology ETF (BLOK) has a volatility of 13.34%. This indicates that IBIT 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
| IBIT | BLOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 13.34% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 30.02% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 39.18% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 42.53% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 39.05% | +11.21% |
IBIT vs. BLOK - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than BLOK's 0.70% expense ratio.
Dividends
IBIT vs. BLOK - Dividend Comparison
IBIT has not paid dividends to shareholders, while BLOK's dividend yield for the trailing twelve months is around 0.64%.
| 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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and BLOK have a correlation of 0.75, 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 IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs BLOK's -73.33%.
On 1-year performance, BLOK leads with 26.82% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. 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 26.82% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.70% for BLOK.
BLOK has the higher dividend yield at 0.64%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while BLOK is Blockchain. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.25% for IBIT and 0.70% for BLOK.
BLOK currently has the higher Sharpe Ratio (0.63 vs -0.92), 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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