BLOX vs. BITO
Compare and contrast key facts about Nicholas Crypto Income ETF (BLOX) and ProShares Bitcoin Strategy ETF (BITO).
BLOX and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLOX is an actively managed fund by Nicholas. It was launched on Jun 16, 2025. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
BLOX vs. BITO - Performance Comparison
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BLOX vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -18.45% | 9.24% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -18.58% |
Returns By Period
In the year-to-date period, BLOX achieves a -18.45% return, which is significantly higher than BITO's -22.79% return.
BLOX
- 1D
- 0.46%
- 1M
- -12.15%
- YTD
- -18.45%
- 6M
- -37.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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BLOX vs. BITO - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than BITO's 0.95% expense ratio.
Return for Risk
BLOX vs. BITO — Risk / Return Rank
BLOX
BITO
BLOX vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and ProShares Bitcoin Strategy ETF (BITO). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BLOX | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.08 | -0.17 |
Correlation
The correlation between BLOX and BITO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BLOX vs. BITO - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 42.04%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLOX Nicholas Crypto Income ETF | 42.04% | 22.69% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% |
Drawdowns
BLOX vs. BITO - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BLOX and BITO.
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Drawdown Indicators
| BLOX | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -77.86% | +30.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -43.63% | -46.75% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -36.57% | +19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.73% | — |
Volatility
BLOX vs. BITO - Volatility Comparison
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Volatility by Period
| BLOX | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.26% | 45.32% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.26% | 55.77% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.26% | 55.77% | -0.51% |