BLOX vs. ETH
BLOX (Nicholas Crypto Income ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BLOX returned -6.15% vs -45.97% for ETH. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BLOX charges 1.03%/yr vs 0.15%/yr for ETH.
Performance
BLOX vs. ETH - 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 ETH's -36.49% return.
BLOX
- 1D
- 3.66%
- 1M
- -0.32%
- 6M
- -1.27%
- YTD
- -1.70%
- 1Y
- -6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.59%
ETH
- 1D
- 0.11%
- 1M
- 10.14%
- 6M
- -18.78%
- YTD
- -36.49%
- 1Y
- -45.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.89M | $4.95M | $6.25M | |
| $31.27M | $33.28M | $46.00M |
BLOX vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -1.70% | 8.17% |
ETH Grayscale Ethereum Staking Mini ETF | -36.49% | 11.88% |
Correlation
The correlation between BLOX and ETH is 0.74, 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. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.74 |
The correlation between BLOX and ETH has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.
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Return for Risk
BLOX vs. ETH — Risk / Return Rank
BLOX
ETH
BLOX vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Grayscale Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.91 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.68 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.24 | -1.02 | +0.78 |
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Drawdowns
BLOX vs. ETH - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for BLOX and ETH.
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Drawdown Indicators
| BLOX | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -67.52% | +20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -67.52% | +20.43% |
Current DrawdownCurrent decline from peak | -32.04% | -60.89% | +28.85% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -35.09% | +15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 45.23% | -19.61% |
Volatility
BLOX vs. ETH - Volatility Comparison
Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 12.23%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOX | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 12.23% | +8.33% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 45.64% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.97% | 67.03% | -10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 71.15% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 71.15% | -16.01% |
BLOX vs. ETH - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
BLOX vs. ETH - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 47.94%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 47.94% | 22.69% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% |
Frequently Asked Questions
BLOX and ETH have a correlation of 0.74, 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 ETH (12.23%). In terms of maximum drawdown, BLOX dropped -47.09% vs ETH's -67.52%.
On 1-year performance, BLOX leads with -6.15% vs -45.97% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, ETH has been the lower-risk option at 12.23%. 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 -45.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 47.94%, compared with 0.00% for ETH.
They also come from different issuers: Nicholas and Grayscale. Their fees differ too: 1.03% for BLOX and 0.15% for ETH.
BLOX currently has the higher Sharpe Ratio (-0.11 vs -0.69), 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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