BLOX vs. DYLD

Last updated Aug 4, 2026

BLOX (Nicholas Crypto Income ETF) and DYLD (LeaderShares Dynamic Yield ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while DYLD is a Multisector Bonds fund actively managed by LeaderShares. Both are actively managed. Over the past year, BLOX returned -6.15% vs 2.74% for DYLD. Their 0.21 correlation means their historical movements had little consistent relationship. BLOX charges 1.03%/yr vs 0.75%/yr for DYLD.

Performance

BLOX vs. DYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Crypto Income ETF (BLOX) and LeaderShares Dynamic Yield ETF (DYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOX achieves a -1.70% return, which is significantly lower than DYLD's 0.89% return.

BLOX

• 1D: 3.66%
• 1M: -0.32%
• 6M: -1.27%
• YTD: -1.70%
• 1Y: -6.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.59%

DYLD

• 1D: 0.11%
• 1M: -0.32%
• 6M: 0.75%
• YTD: 0.89%
• 1Y: 2.74%
• 3Y*: 4.46%
• 5Y*: 0.68%
• 10Y*: —
• ALL TIME*: 1.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOX Nicholas Crypto Income ETF	$4.89M	$4.95M	$6.25M
DYLD LeaderShares Dynamic Yield ETF	$78.74K	$59.07K	$61.62K

BLOX vs. DYLD - Yearly Performance Comparison

	2026 (YTD)	2025
BLOX Nicholas Crypto Income ETF	-1.70%	8.17%
DYLD LeaderShares Dynamic Yield ETF	0.89%	2.91%

Correlation

The correlation between BLOX and DYLD is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.21

Return for Risk

BLOX vs. DYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLOX

BLOX Risk / Return Rank: 11
BLOX Sharpe Ratio Rank: 9
BLOX Sortino Ratio Rank: 13
BLOX Omega Ratio Rank: 12
BLOX Calmar Ratio Rank: 9
BLOX Martin Ratio Rank: 9

DYLD

DYLD Risk / Return Rank: 48
DYLD Sharpe Ratio Rank: 43
DYLD Sortino Ratio Rank: 43
DYLD Omega Ratio Rank: 44
DYLD Calmar Ratio Rank: 54
DYLD Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLOX vs. DYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and LeaderShares Dynamic Yield ETF (DYLD). 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	DYLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	1.16	-1.27
Sortino ratio: Return per unit of downside risk	0.25	1.70	-1.45
Omega ratio: Gain probability vs. loss probability	1.03	1.22	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.13	2.08	-2.21
Martin ratio: Return relative to average drawdown	-0.24	7.28	-7.52

BLOX vs. DYLD - Sharpe Ratio Comparison

The current BLOX Sharpe Ratio is -0.11, which is lower than the DYLD Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of BLOX and DYLD, 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

BLOX vs. DYLD - Drawdown Comparison

The maximum BLOX drawdown since its inception was -47.09%, which is greater than DYLD's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for BLOX and DYLD.

Drawdown Indicators

	BLOX	DYLD	Difference
Max Drawdown Largest peak-to-trough decline	-47.09%	-15.03%	-32.06%
Max Drawdown (1Y) Largest decline over 1 year	-47.09%	-1.32%	-45.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.03%	—
Current Drawdown Current decline from peak	-32.04%	-0.44%	-31.60%
Average Drawdown Average peak-to-trough decline	-19.87%	-5.01%	-14.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.62%	0.38%	+25.24%

Volatility

BLOX vs. DYLD - Volatility Comparison

Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to LeaderShares Dynamic Yield ETF (DYLD) at 0.39%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than DYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOX	DYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.56%	0.39%	+20.17%
Volatility (6M) Calculated over the trailing 6-month period	43.37%	1.81%	+41.56%
Volatility (1Y) Calculated over the trailing 1-year period	56.97%	2.38%	+54.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.14%	4.32%	+50.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.14%	4.33%	+50.81%

BLOX vs. DYLD - Expense Ratio Comparison

BLOX has a 1.03% expense ratio, which is higher than DYLD's 0.75% expense ratio.

Dividends

BLOX vs. DYLD - Dividend Comparison

BLOX's dividend yield for the trailing twelve months is around 47.94%, more than DYLD's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021
BLOX Nicholas Crypto Income ETF	47.94%	22.69%	0.00%	0.00%	0.00%	0.00%
DYLD LeaderShares Dynamic Yield ETF	4.25%	4.20%	4.58%	3.43%	1.54%	1.02%

Frequently Asked Questions

Can I hold both BLOX and DYLD in my portfolio?

BLOX and DYLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLOX or DYLD?

BLOX has higher volatility (20.56%) compared to DYLD (0.39%). In terms of maximum drawdown, BLOX dropped -47.09% vs DYLD's -15.03%.

Which ETF is better, BLOX or DYLD?

On 1-year performance, DYLD leads with 2.74% vs -6.15% for BLOX. On fees, DYLD is cheaper at 0.75% per year. On volatility, DYLD has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOX or DYLD?

Over the 1-year period, DYLD has performed better with a 2.74% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOX or DYLD?

DYLD is cheaper with a 0.75% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 47.94%, compared with 4.25% for DYLD.

What is the main difference between BLOX and DYLD?

BLOX is categorized as Cryptocurrency, while DYLD is Multisector Bonds. They also come from different issuers: Nicholas and LeaderShares. Their fees differ too: 1.03% for BLOX and 0.75% for DYLD.

Which has better risk-adjusted returns?

DYLD currently has the higher Sharpe Ratio (1.16 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.