PRLAX vs. BLOK

Last updated Jun 23, 2026

PRLAX (T. Rowe Price Latin America Fund) and BLOK (Amplify Blockchain Technology ETF) are both funds - PRLAX is a Latin America Equities fund managed by T. Rowe Price, while BLOK is a Blockchain fund actively managed by Amplify. Over the past 5 years, PRLAX returned 5.57%/yr vs 12.71%/yr for BLOK. At a 0.46 correlation, their price movements are largely independent. PRLAX charges 1.46%/yr vs 0.70%/yr for BLOK.

Performance

PRLAX vs. BLOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Latin America Fund (PRLAX) and Amplify Blockchain Technology ETF (BLOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRLAX achieves a 7.06% return, which is significantly lower than BLOK's 16.89% return.

PRLAX

• 1D: -0.50%
• 1M: -1.38%
• YTD: 7.06%
• 6M: 8.73%
• 1Y: 26.15%
• 3Y*: 9.25%
• 5Y*: 5.57%
• 10Y*: 7.25%

BLOK

• 1D: -0.42%
• 1M: 4.04%
• YTD: 16.89%
• 6M: 11.37%
• 1Y: 28.48%
• 3Y*: 49.16%
• 5Y*: 12.71%
• 10Y*: —

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

PRLAX vs. BLOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PRLAX T. Rowe Price Latin America Fund	7.06%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-13.25%
BLOK Amplify Blockchain Technology ETF	16.89%	32.64%	53.12%	99.62%	-62.36%	30.76%	90.17%	29.54%	-25.38%

Correlation

The correlation between PRLAX and BLOK is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018	0.46

Return for Risk

PRLAX vs. BLOK — Risk / Return Rank

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

PRLAX

PRLAX Risk / Return Rank: 20
PRLAX Sharpe Ratio Rank: 18
PRLAX Sortino Ratio Rank: 17
PRLAX Omega Ratio Rank: 17
PRLAX Calmar Ratio Rank: 26
PRLAX Martin Ratio Rank: 21

BLOK

BLOK Risk / Return Rank: 20
BLOK Sharpe Ratio Rank: 21
BLOK Sortino Ratio Rank: 22
BLOK Omega Ratio Rank: 21
BLOK Calmar Ratio Rank: 19
BLOK Martin Ratio Rank: 17

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.

PRLAX vs. BLOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) 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.

	PRLAX	BLOK	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.73	+0.39
Sortino ratio: Return per unit of downside risk	1.61	1.20	+0.41
Omega ratio: Gain probability vs. loss probability	1.20	1.15	+0.06
Calmar ratio: Return relative to maximum drawdown	1.78	0.80	+0.97
Martin ratio: Return relative to average drawdown	4.84	1.73	+3.11

PRLAX vs. BLOK - Sharpe Ratio Comparison

The current PRLAX Sharpe Ratio is 1.13, which is higher than the BLOK Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of PRLAX 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.

Drawdowns

PRLAX vs. BLOK - Drawdown Comparison

The maximum PRLAX drawdown since its inception was -70.03%, roughly equal to the maximum BLOK drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for PRLAX and BLOK.

Drawdown Indicators

	PRLAX	BLOK	Difference
Max Drawdown Largest peak-to-trough decline	-70.03%	-73.33%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	-35.64%	+21.70%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-35.64%	+12.04%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-73.33%	+42.59%
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	—	—
Current Drawdown Current decline from peak	-10.58%	-9.63%	-0.95%
Average Drawdown Average peak-to-trough decline	-23.80%	-25.99%	+2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	16.47%	-11.36%

Volatility

PRLAX vs. BLOK - Volatility Comparison

The current volatility for T. Rowe Price Latin America Fund (PRLAX) is 6.46%, while Amplify Blockchain Technology ETF (BLOK) has a volatility of 12.62%. This indicates that PRLAX 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

	PRLAX	BLOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	12.62%	-6.16%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	29.57%	-11.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.00%	39.13%	-17.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	42.52%	-19.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.69%	39.03%	-13.34%

PRLAX vs. BLOK - Expense Ratio Comparison

PRLAX has a 1.46% expense ratio, which is higher than BLOK's 0.70% expense ratio.

Dividends

PRLAX vs. BLOK - Dividend Comparison

PRLAX's dividend yield for the trailing twelve months is around 6.63%, more than BLOK's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLOK Amplify Blockchain Technology ETF	0.61%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%	0.00%	0.00%	0.00%
PRLAX T. Rowe Price Latin America Fund	6.63%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%

Frequently Asked Questions

Can I hold both PRLAX and BLOK in my portfolio?

PRLAX and BLOK have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRLAX or BLOK?

BLOK has higher volatility (12.62%) compared to PRLAX (6.46%). In terms of maximum drawdown, PRLAX dropped -70.03% vs BLOK's -73.33%.

Which has better risk-adjusted returns?

PRLAX currently has the higher Sharpe Ratio (1.13 vs 0.73), 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.