BLOX vs. BTCZ
BLOX (Nicholas Crypto Income ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BLOX returned -6.15% vs 80.46% for BTCZ. Their -0.76 correlation means they have often moved in opposite directions in the past. BLOX charges 1.03%/yr vs 0.95%/yr for BTCZ.
Performance
BLOX vs. BTCZ - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a -1.70% return, which is significantly lower than BTCZ's 30.29% return.
BLOX
- 1D
- 3.66%
- 1M
- -0.32%
- 6M
- -1.27%
- YTD
- -1.70%
- 1Y
- -6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.59%
BTCZ
- 1D
- -3.09%
- 1M
- -9.19%
- 6M
- 9.48%
- YTD
- 30.29%
- 1Y
- 80.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.89M | $4.95M | $6.25M | |
| $95.14M | $108.52M | $120.21M |
BLOX vs. BTCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -1.70% | 8.17% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 30.29% | 24.58% |
Correlation
The correlation between BLOX and BTCZ is -0.76, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | -0.76 |
The correlation between BLOX and BTCZ has been stable across timeframes, ranging from -0.76 to -0.76 - a consistent structural relationship.
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Return for Risk
BLOX vs. BTCZ — Risk / Return Rank
BLOX
BTCZ
BLOX vs. BTCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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 | BTCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.65 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.24 | 3.58 | -3.82 |
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Drawdowns
BLOX vs. BTCZ - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for BLOX and BTCZ.
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Drawdown Indicators
| BLOX | BTCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -91.06% | +43.97% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -49.02% | +1.93% |
Current DrawdownCurrent decline from peak | -32.04% | -78.99% | +46.95% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -73.92% | +54.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 22.59% | +3.03% |
Volatility
BLOX vs. BTCZ - Volatility Comparison
Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) at 17.81%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOX | BTCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 17.81% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 67.28% | -23.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.97% | 89.11% | -32.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 95.58% | -40.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 95.58% | -40.44% |
BLOX vs. BTCZ - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than BTCZ's 0.95% expense ratio.
Dividends
BLOX vs. BTCZ - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 47.94%, more than BTCZ's 0.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLOX Nicholas Crypto Income ETF | 47.94% | 22.69% | 0.00% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% |
Frequently Asked Questions
BLOX and BTCZ have a correlation of -0.76, 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 BTCZ (17.81%). In terms of maximum drawdown, BLOX dropped -47.09% vs BTCZ's -91.06%.
On 1-year performance, BTCZ leads with 80.46% vs -6.15% for BLOX. On fees, BTCZ is cheaper at 0.95% per year. On volatility, BTCZ has been the lower-risk option at 17.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCZ has performed better with a 80.46% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTCZ is cheaper with a 0.95% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 47.94%, compared with 0.01% for BTCZ.
They also come from different issuers: Nicholas and T-Rex. Their fees differ too: 1.03% for BLOX and 0.95% for BTCZ.
BTCZ currently has the higher Sharpe Ratio (0.91 vs -0.11), 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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