BLOX vs. GLDN
BLOX (Nicholas Crypto Income ETF) and GLDN (Nicholas Gold Income ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while GLDN is a Gold fund actively managed by Nicholas. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. BLOX charges 1.03%/yr vs 1.07%/yr for GLDN.
Performance
BLOX vs. GLDN - Performance Comparison
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Returns By Period
BLOX
- 1D
- 0.93%
- 1M
- -12.07%
- 6M
- -15.20%
- YTD
- -1.51%
- 1Y
- -9.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDN
- 1D
- 1.27%
- 1M
- -5.92%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX vs. GLDN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BLOX Nicholas Crypto Income ETF | 9.07% |
GLDN Nicholas Gold Income ETF | -26.49% |
Correlation
The correlation between BLOX and GLDN is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | 0.42 |
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Return for Risk
BLOX vs. GLDN — Risk / Return Rank
BLOX
GLDN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BLOX vs. GLDN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Nicholas Gold Income ETF (GLDN). 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 | GLDN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.01 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | — | — |
| Martin ratioReturn relative to average drawdown | -0.40 | — | — |
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Drawdowns
BLOX vs. GLDN - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, which is greater than GLDN's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for BLOX and GLDN.
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Drawdown Indicators
| BLOX | GLDN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -33.91% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | — | — |
Current DrawdownCurrent decline from peak | -31.91% | -33.07% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -19.17% | -19.15% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.41% | — | — |
Volatility
BLOX vs. GLDN - Volatility Comparison
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Volatility by Period
| BLOX | GLDN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 40.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.49% | 42.17% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.55% | 42.17% | +11.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.55% | 42.17% | +11.38% |
BLOX vs. GLDN - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is lower than GLDN's 1.07% expense ratio.
Dividends
BLOX vs. GLDN - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 48.13%, more than GLDN's 6.67% yield.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 48.13% | 22.69% |
GLDN Nicholas Gold Income ETF | 6.67% | 0.00% |
Frequently Asked Questions
BLOX and GLDN have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLOX is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLOX is cheaper with a 1.03% expense ratio, compared with 1.07% for GLDN.
BLOX has the higher dividend yield at 48.13%, compared with 6.67% for GLDN.
BLOX is categorized as Cryptocurrency, while GLDN is Gold. Their fees differ too: 1.03% for BLOX and 1.07% for GLDN.
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