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 0.45 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
- -2.16%
- 1M
- 1.81%
- YTD
- 14.14%
- 6M
- 8.96%
- 1Y
- 25.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDN
- 1D
- -3.40%
- 1M
- -8.97%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX vs. GLDN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BLOX Nicholas Crypto Income ETF | 26.39% |
GLDN Nicholas Gold Income ETF | -23.39% |
Correlation
The correlation between BLOX and GLDN is 0.45, 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 | 0.45 |
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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 | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | — | — |
| Martin ratioReturn relative to average drawdown | 1.11 | — | — |
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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 -33.32%. 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% | -33.32% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | — | — |
Current DrawdownCurrent decline from peak | -21.10% | -30.25% | +9.15% |
Average DrawdownAverage peak-to-trough decline | -18.66% | -17.07% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.45% | — | — |
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 | 15.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.17% | 43.09% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.89% | 43.09% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.89% | 43.09% | +10.80% |
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 40.47%, more than GLDN's 5.52% yield.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 40.47% | 22.69% |
GLDN Nicholas Gold Income ETF | 5.52% | 0.00% |
Frequently Asked Questions
BLOX and GLDN have a correlation of 0.45, 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 40.47%, compared with 5.52% 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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