Blockchain Technology vs the S&P 500 (BLOK): is it outperforming?
Over the past month, BLOK has outperformed the S&P 500 by 0.6 points. Here is where that puts it in the sector rotation — updated daily.
Where BLOK sits on the rotation map
Blockchain Technology highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
BLOK vs SPY: head-to-head returns
BLOK (blockchain technology) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means BLOK won that window.
Data as of 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Blockchain Technology (BLOK) has just turned the corner. Over the longer, time-shifted window it trailed the S&P 500 by 10.6 points, but over the past month it has moved narrowly ahead of the market — a 0.6-point edge that puts it in the Emerging quadrant. Ranked by one-month spread, it currently stands #49 of the 115 groups Zensei tracks.
On the shorter tape, BLOK's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. BLOK's relative-strength line is holding around its moving averages — the trend is intact but no longer extending. The longer trend remains healthier than the recent tape suggests — the kind of divergence worth rechecking in a week.
The exposure comes via Amplify Transformational Data Sharing ETF, whose 49 tracked holdings are led by CIPHER DIGITAL INC, FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A and ROBINHOOD MARKETS INC CLASS A. Weighted by portfolio, the fund's holdings trade at roughly 42.2× earnings and 1617.9× sales. The thing to watch from here is confirmation: emerging groups that hold a positive one-month spread long enough for the longer window to turn are the classic early-rotation entries — the ones that fail fall back quickly.
What's inside BLOK
Top 5 of 49 tracked holdings, by portfolio weight.
Blockchain Technology vs the market — common questions
Is blockchain technology outperforming the S&P 500?
Right now, yes: over the past month BLOK has outperformed the S&P 500 by 0.6 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is BLOK?
BLOK is Amplify Transformational Data Sharing ETF, the fund Zensei uses to measure the blockchain technology group against the S&P 500 benchmark (SPY).
Which stocks are in BLOK?
BLOK's largest tracked positions are CIPHER DIGITAL INC, FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A, ROBINHOOD MARKETS INC CLASS A, GALAXY DIGITAL INC ORDINARY SHARES CLASS A, TERAWULF INC — 49 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is blockchain technology in right now?
As of the latest daily data, blockchain technology is in the Emerging quadrant — behind the market over the longer window, but ahead over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track blockchain technology against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.