ARKB vs. BLOX

Last updated Jun 25, 2026

ARKB (ARK 21Shares Bitcoin ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. ARKB is passively managed, while BLOX is actively managed. Over the past year, ARKB returned -43.47% vs 14.57% for BLOX. Their correlation of 0.80 suggests significant overlap in exposure. ARKB charges 0.21%/yr vs 1.03%/yr for BLOX.

Performance

ARKB vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK 21Shares Bitcoin ETF (ARKB) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKB achieves a -31.61% return, which is significantly lower than BLOX's 9.45% return.

ARKB

• 1D: -3.97%
• 1M: -20.99%
• YTD: -31.61%
• 6M: -31.45%
• 1Y: -43.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -4.11%
• 1M: -2.37%
• YTD: 9.45%
• 6M: 3.69%
• 1Y: 14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKB vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
ARKB ARK 21Shares Bitcoin ETF	-31.61%	-19.67%
BLOX Nicholas Crypto Income ETF	9.45%	8.17%

Correlation

The correlation between ARKB and BLOX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.80

The correlation between ARKB and BLOX has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

ARKB vs. BLOX — Risk / Return Rank

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

ARKB

ARKB Risk / Return Rank: 2
ARKB Sharpe Ratio Rank: 1
ARKB Sortino Ratio Rank: 2
ARKB Omega Ratio Rank: 2
ARKB Calmar Ratio Rank: 2
ARKB Martin Ratio Rank: 2

BLOX

BLOX Risk / Return Rank: 13
BLOX Sharpe Ratio Rank: 13
BLOX Sortino Ratio Rank: 15
BLOX Omega Ratio Rank: 15
BLOX Calmar Ratio Rank: 12
BLOX Martin Ratio Rank: 12

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.

ARKB vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Bitcoin ETF (ARKB) and Nicholas Crypto Income ETF (BLOX). 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.

	ARKB	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	0.27	-1.26
Sortino ratio: Return per unit of downside risk	-1.45	0.74	-2.19
Omega ratio: Gain probability vs. loss probability	0.84	1.09	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.83	0.31	-1.14
Martin ratio: Return relative to average drawdown	-1.42	0.62	-2.04

ARKB vs. BLOX - Sharpe Ratio Comparison

The current ARKB Sharpe Ratio is -0.99, which is lower than the BLOX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of ARKB and BLOX, 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

ARKB vs. BLOX - Drawdown Comparison

The maximum ARKB drawdown since its inception was -52.37%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for ARKB and BLOX.

Drawdown Indicators

	ARKB	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-47.09%	-5.28%
Max Drawdown (1Y) Largest decline over 1 year	-52.37%	-47.09%	-5.28%
Current Drawdown Current decline from peak	-52.37%	-24.34%	-28.03%
Average Drawdown Average peak-to-trough decline	-16.93%	-18.68%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.72%	23.50%	+7.22%

Volatility

ARKB vs. BLOX - Volatility Comparison

The current volatility for ARK 21Shares Bitcoin ETF (ARKB) is 13.35%, while Nicholas Crypto Income ETF (BLOX) has a volatility of 16.23%. This indicates that ARKB experiences smaller price fluctuations and is considered to be less risky than BLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKB	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.35%	16.23%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	34.46%	40.74%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	44.28%	54.31%	-10.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.07%	53.95%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.07%	53.95%	-3.88%

ARKB vs. BLOX - Expense Ratio Comparison

ARKB has a 0.21% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

ARKB vs. BLOX - Dividend Comparison

ARKB has not paid dividends to shareholders, while BLOX's dividend yield for the trailing twelve months is around 42.20%.

Position	TTM	2025
ARKB ARK 21Shares Bitcoin ETF	0.00%	0.00%
BLOX Nicholas Crypto Income ETF	42.20%	22.69%

Frequently Asked Questions

Can I hold both ARKB and BLOX in my portfolio?

ARKB and BLOX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKB or BLOX?

BLOX has higher volatility (16.23%) compared to ARKB (13.35%). In terms of maximum drawdown, ARKB dropped -52.37% vs BLOX's -47.09%.

Which ETF is better, ARKB or BLOX?

On 1-year performance, BLOX leads with 14.57% vs -43.47% for ARKB. On fees, ARKB is cheaper at 0.21% per year. On volatility, ARKB has been the lower-risk option at 13.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKB or BLOX?

Over the 1-year period, BLOX has performed better with a 14.57% return vs -43.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKB or BLOX?

ARKB is cheaper with a 0.21% expense ratio, compared with 1.03% for BLOX.

Which ETF pays a higher dividend yield, ARKB or BLOX?

BLOX has the higher dividend yield at 42.20%, compared with 0.00% for ARKB.

What is the main difference between ARKB and BLOX?

They also come from different issuers: ARK and Nicholas. Their fees differ too: 0.21% for ARKB and 1.03% for BLOX.

Which has better risk-adjusted returns?

BLOX currently has the higher Sharpe Ratio (0.27 vs -0.99), 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.