KBE vs. BLOK

Last updated Jun 4, 2026

KBE (SPDR S&P Bank ETF) and BLOK (Amplify Transformational Data Sharing ETF) are both exchange-traded funds - KBE is a Financials Equities fund tracking the S&P Banks Select Industry Index, while BLOK is a Technology Equities fund actively managed by Amplify. KBE is passively managed, while BLOK is actively managed. Over the past 5 years, KBE returned 5.28%/yr vs 11.96%/yr for BLOK. At a 0.48 correlation, their price movements are largely independent. KBE charges 0.35%/yr vs 0.71%/yr for BLOK.

Performance

KBE vs. BLOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Bank ETF (KBE) and Amplify Transformational Data Sharing ETF (BLOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBE achieves a 2.87% return, which is significantly lower than BLOK's 16.21% return.

KBE

• 1D: -2.28%
• 1M: -1.94%
• YTD: 2.87%
• 6M: 4.27%
• 1Y: 18.75%
• 3Y*: 22.67%
• 5Y*: 5.28%
• 10Y*: 9.19%

BLOK

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

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

KBE vs. BLOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KBE SPDR S&P Bank ETF	2.87%	12.36%	23.78%	5.30%	-14.83%	33.46%	-8.75%	29.78%	-24.27%
BLOK Amplify Transformational Data Sharing ETF	16.21%	32.64%	53.12%	99.62%	-62.36%	30.76%	90.17%	29.54%	-25.97%

Correlation

The correlation between KBE and BLOK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.48

The correlation between KBE and BLOK shifts across timeframes, from 0.38 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.

KBE vs. BLOK - Sectors Allocation Comparison

Sectors	KBE	BLOK
Financial Services	100.0%	55.3%
Basic Materials	-	-
Communication Services	-	5.2%
Consumer Cyclical	-	6.7%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.0%
Real Estate	-	0.0%
Technology	-	31.8%
Utilities	-	-

Return for Risk

KBE vs. BLOK — Risk / Return Rank

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

KBE

KBE Risk / Return Rank: 25
KBE Sharpe Ratio Rank: 24
KBE Sortino Ratio Rank: 24
KBE Omega Ratio Rank: 25
KBE Calmar Ratio Rank: 26
KBE Martin Ratio Rank: 25

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

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.

KBE vs. BLOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) 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.

	KBE	BLOK	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.81	+0.06
Sortino ratio Return per unit of downside risk	1.32	1.30	+0.02
Omega ratio Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio Return relative to maximum drawdown	1.29	0.87	+0.42
Martin ratio Return relative to average drawdown	3.39	1.90	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBE vs. BLOK - Sharpe Ratio Comparison

The current KBE Sharpe Ratio is 0.87, which is comparable to the BLOK Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of KBE 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.

Sharpe Ratios by Period

	KBE	BLOK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.81	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.28	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.48	-0.39

Drawdowns

KBE vs. BLOK - Drawdown Comparison

The maximum KBE drawdown since its inception was -83.15%, which is greater than BLOK's maximum drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for KBE and BLOK.

Drawdown Indicators

	KBE	BLOK	Difference
Max Drawdown Largest peak-to-trough decline	-83.15%	-73.33%	-9.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-35.64%	+21.01%
Max Drawdown (3Y) Largest decline over 3 years	-25.97%	-35.64%	+9.67%
Max Drawdown (5Y) Largest decline over 5 years	-45.25%	-73.33%	+28.08%
Max Drawdown (10Y) Largest decline over 10 years	-53.14%	—	—
Current Drawdown Current decline from peak	-7.38%	-10.16%	+2.78%
Average Drawdown Average peak-to-trough decline	-27.54%	-26.08%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	16.23%	-10.68%

Volatility

KBE vs. BLOK - Volatility Comparison

The current volatility for SPDR S&P Bank ETF (KBE) is 5.65%, while Amplify Transformational Data Sharing ETF (BLOK) has a volatility of 10.59%. This indicates that KBE 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.

Volatility by Period

	KBE	BLOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	10.59%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	28.55%	-13.62%
Volatility (1Y) Calculated over the trailing 1-year period	21.62%	38.29%	-16.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.36%	42.36%	-15.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.85%	38.97%	-9.12%

KBE vs. BLOK - Expense Ratio Comparison

KBE has a 0.35% expense ratio, which is lower than BLOK's 0.71% expense ratio.

Dividends

KBE vs. BLOK - Dividend Comparison

KBE's dividend yield for the trailing twelve months is around 2.39%, more than BLOK's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLOK Amplify Transformational Data Sharing ETF	0.62%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%	0.00%	0.00%	0.00%
KBE SPDR S&P Bank ETF	2.39%	2.51%	2.35%	2.78%	2.99%	2.16%	2.44%	2.33%	2.18%	1.36%	1.39%	1.70%

Frequently Asked Questions

Can I hold both KBE and BLOK in my portfolio?

KBE and BLOK have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBE or BLOK?

BLOK has higher volatility (10.59%) compared to KBE (5.65%). In terms of maximum drawdown, KBE dropped -83.15% vs BLOK's -73.33%.

Which ETF is better, KBE or BLOK?

On 5-year performance, BLOK leads with 11.96% vs 5.28% for KBE. On fees, KBE is cheaper at 0.35% per year. On volatility, KBE has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBE or BLOK?

Over the 5-year period, BLOK has performed better with a 11.96% return vs 5.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBE or BLOK?

KBE is cheaper with a 0.35% expense ratio, compared with 0.71% for BLOK.

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

KBE has the higher dividend yield at 2.39%, compared with 0.62% for BLOK.

What is the main difference between KBE and BLOK?

KBE is categorized as Financials Equities, while BLOK is Technology Equities. They also come from different issuers: State Street and Amplify. Their fees differ too: 0.35% for KBE and 0.71% for BLOK.

Which has better risk-adjusted returns?

KBE currently has the higher Sharpe Ratio (0.87 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.