BITC vs. BLOX
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. BITC charges 0.88%/yr vs 1.03%/yr for BLOX.
Performance
BITC vs. BLOX - Performance Comparison
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Returns By Period
In the year-to-date period, BITC achieves a 6.98% return, which is significantly lower than BLOX's 16.52% return.
BITC
- 1D
- -0.00%
- 1M
- -4.31%
- YTD
- 6.98%
- 6M
- -1.22%
- 1Y
- -15.09%
- 3Y*
- 36.02%
- 5Y*
- —
- 10Y*
- —
BLOX
- 1D
- -2.56%
- 1M
- 10.59%
- YTD
- 16.52%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITC vs. BLOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 6.98% | -17.66% |
BLOX Nicholas Crypto Income ETF | 16.52% | 9.24% |
Correlation
The correlation between BITC and BLOX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | 0.49 |
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Return for Risk
BITC vs. BLOX — Risk / Return Rank
BITC
BLOX
BITC vs. BLOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) 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.
| BITC | BLOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | — | — |
| Martin ratioReturn relative to average drawdown | -0.82 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITC | BLOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.54 | +0.14 |
Drawdowns
BITC vs. BLOX - Drawdown Comparison
The maximum BITC drawdown since its inception was -38.51%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for BITC and BLOX.
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Drawdown Indicators
| BITC | BLOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.51% | -47.09% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -38.51% | — | — |
Current DrawdownCurrent decline from peak | -26.48% | -19.45% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -16.37% | -18.53% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.37% | — | — |
Volatility
BITC vs. BLOX - Volatility Comparison
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Volatility by Period
| BITC | BLOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 53.44% | -27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.65% | 53.44% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.65% | 53.44% | -6.79% |
BITC vs. BLOX - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is lower than BLOX's 1.03% expense ratio.
Dividends
BITC vs. BLOX - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 3.14%, less than BLOX's 36.81% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.14% | 3.36% | 42.68% | 5.82% |
BLOX Nicholas Crypto Income ETF | 36.81% | 22.69% | 0.00% | 0.00% |
Frequently Asked Questions
BITC and BLOX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITC is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITC is cheaper with a 0.88% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 36.81%, compared with 3.14% for BITC.
They also come from different issuers: Bitwise and Nicholas. Their fees differ too: 0.88% for BITC and 1.03% for BLOX.
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