BLOX vs. BFJL
BLOX (Nicholas Crypto Income ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BLOX is actively managed, while BFJL is passively managed. Over the past year, BLOX returned -6.15% vs -14.28% for BFJL. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BLOX charges 1.03%/yr vs 0.90%/yr for BFJL.
Performance
BLOX vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a -1.70% return, which is significantly higher than BFJL's -4.52% return.
BLOX
- 1D
- 3.66%
- 1M
- -0.32%
- 6M
- -1.27%
- YTD
- -1.70%
- 1Y
- -6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.59%
BFJL
- 1D
- 0.62%
- 1M
- 1.98%
- 6M
- -0.32%
- YTD
- -4.52%
- 1Y
- -14.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.60K | $8.34K | $5.01K | |
| $4.89M | $4.95M | $6.25M |
BLOX vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -1.70% | -0.83% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.52% | -7.43% |
Correlation
The correlation between BLOX and BFJL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.70 |
The correlation between BLOX and BFJL has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
BLOX vs. BFJL — Risk / Return Rank
BLOX
BFJL
BLOX vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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.
| BLOX | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.82 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.67 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.24 | -0.91 | +0.67 |
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Drawdowns
BLOX vs. BFJL - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BLOX and BFJL.
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Drawdown Indicators
| BLOX | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -21.27% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -21.27% | -25.82% |
Current DrawdownCurrent decline from peak | -32.04% | -18.51% | -13.53% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -12.92% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 15.79% | +9.83% |
Volatility
BLOX vs. BFJL - Volatility Comparison
Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.56%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOX | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 3.56% | +17.00% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 5.58% | +37.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.97% | 13.21% | +43.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 13.16% | +41.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 13.16% | +41.98% |
BLOX vs. BFJL - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
BLOX vs. BFJL - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 47.94%, more than BFJL's 1.41% yield.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% |
BLOX Nicholas Crypto Income ETF | 47.94% | 22.69% |
Frequently Asked Questions
BLOX and BFJL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLOX has higher volatility (20.56%) compared to BFJL (3.56%). In terms of maximum drawdown, BLOX dropped -47.09% vs BFJL's -21.27%.
On 1-year performance, BLOX leads with -6.15% vs -14.28% for BFJL. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLOX has performed better with a -6.15% return vs -14.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFJL is cheaper with a 0.90% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 47.94%, compared with 1.41% for BFJL.
BLOX is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Nicholas and First Trust. Their fees differ too: 1.03% for BLOX and 0.90% for BFJL.
BLOX currently has the higher Sharpe Ratio (-0.11 vs -1.09), 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.
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