BLOK
Amplify Transformational Data Sharing ETF
BLOK provides access to an actively-managed basket of global companies at the forefront of blockchain-based technology.
Fund Basics
| Fund sponsor | Amplify Investments |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 16, 2018 |
| Assets (mns) | $568 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 5.6 % |
| MICROSTRATEGY INC-CL A | 5.4 % |
| GALAXY DIGITAL HOLDINGS LTD. | 4.7 % |
| SBI HOLDINGS INC | 4.0 % |
| CLEANSPARK, INC. | 3.6 % |
| PAYPAL HOLDINGS, INC. | 3.3 % |
| CME GROUP INC | 3.2 % |
| GMO INTERNET INC | 3.1 % |
| OVERSTOCK.COM INC | 3.1 % |
| RIOT BLOCKCHAIN INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 283 |
| Wgt avg mkt cap (mns) | $53,395 |
| Large cap (>$10bn) | 45.4% |
| Mid cap ($2-10bn) | 11.6% |
| Small cap (<$2bn) | 43.0% |
| Developed mkts. | 94.4% |
| Emerging mkts. | 5.6% |
Country Exposure
 |
UNITED STATES | 60.0 % |
 |
JAPAN | 10.4 % |
 |
CANADA | 5.5 % |
 |
IRELAND | 2.9 % |
 |
CAYMAN ISLANDS | 2.8 % |
 |
CHINA | 1.7 % |
 |
TAIWAN | 1.7 % |
 |
ARGENTINA | 1.3 % |
 |
SINGAPORE | 1.2 % |
 |
NORWAY | 1.1 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 59.1% | 42.2% | -29.5% | -2.6% | 11.5% | -- | 5.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.82 | 44% |
| MSCI EAFE | 1.45 | 26% |
| MSCI Emg Mkts | 1.20 | 19% |
Liquidity Measures
| Avg. volume (000) | 132 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $16,504 |
Technical Indicators
| Recent close | $26.42 |
| 30d moving avg. | $20.11 |
| Annualized volatility | 48.4% |
| Relative strength (RSI) | 61 |
| Short interest (ETF) | 2.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLOK |
Expenses vs. BLOK |
ALTAR Score™ vs. BLOK |
|---|---|---|---|---|
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 44.2% | -7 bp | +3.6% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 41.1% | +10 bp | -7.9% |
| GFOF | Grayscale Future of Finance ETF | 35.7% | -5 bp | -12.0% |
| BKCH | Global X Blockchain ETF | 33.1% | -25 bp | -21.6% |
| STCE | Schwab Crypto Thematic ETF | 32.1% | -45 bp | -1.4% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 31.3% | -14 bp | -19.0% |
| IBLC | iShares Blockchain and Tech ETF | 30.8% | -28 bp | -29.4% |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ET | 30.4% | +10 bp | -9.1% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 28.4% | -14 bp | -1.2% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 23.3% | -36 bp | -0.1% |
Risk and Returns: BLOK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/6/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BLOK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BLOK
-0.8%
Cat. Avg
3.7%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -0.8% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.7% and a standard deviation of
5.1%. BLOK's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places BLOK in the 19th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BLOK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLOK | 75.0 | 19.3 | 94.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .