BLOX vs. GDLC
BLOX (Nicholas Crypto Income ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both Cryptocurrency funds. BLOX is actively managed, while GDLC is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. BLOX charges 1.03%/yr vs 0.59%/yr for GDLC.
Performance
BLOX vs. GDLC - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a 16.52% return, which is significantly higher than GDLC's -28.93% return.
BLOX
- 1D
- -2.56%
- 1M
- 10.59%
- YTD
- 16.52%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDLC
- 1D
- -3.29%
- 1M
- -18.37%
- YTD
- -28.93%
- 6M
- -33.67%
- 1Y
- -33.81%
- 3Y*
- 64.48%
- 5Y*
- 2.21%
- 10Y*
- —
BLOX vs. GDLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 16.52% | 9.24% |
GDLC Grayscale CoinDesk Crypto 5 ETF | -28.93% | -6.08% |
Correlation
The correlation between BLOX and GDLC is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | 0.81 |
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Return for Risk
BLOX vs. GDLC — Risk / Return Rank
BLOX
GDLC
BLOX vs. GDLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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 | GDLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.70 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.29 | +0.24 |
Drawdowns
BLOX vs. GDLC - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for BLOX and GDLC.
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Drawdown Indicators
| BLOX | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -94.14% | +47.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.14% | — |
Current DrawdownCurrent decline from peak | -19.45% | -54.28% | +34.83% |
Average DrawdownAverage peak-to-trough decline | -18.53% | -52.73% | +34.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.04% | — |
Volatility
BLOX vs. GDLC - Volatility Comparison
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Volatility by Period
| BLOX | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.44% | 48.54% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.44% | 74.43% | -20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.44% | 93.91% | -40.47% |
BLOX vs. GDLC - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than GDLC's 0.59% expense ratio.
Dividends
BLOX vs. GDLC - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 36.81%, while GDLC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 36.81% | 22.69% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% |
Frequently Asked Questions
BLOX and GDLC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDLC is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDLC is cheaper with a 0.59% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 36.81%, compared with 0.00% for GDLC.
They also come from different issuers: Nicholas and Grayscale. Their fees differ too: 1.03% for BLOX and 0.59% for GDLC.
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