BLOX vs. HOOY

Last updated Jun 13, 2026

BLOX (Nicholas Crypto Income ETF) and HOOY (YieldMax HOOD Option Income Strategy ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while HOOY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BLOX charges 1.03%/yr vs 0.99%/yr for HOOY.

Performance

BLOX vs. HOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Crypto Income ETF (BLOX) and YieldMax HOOD Option Income Strategy ETF (HOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOX achieves a 12.02% return, which is significantly higher than HOOY's -13.15% return.

BLOX

• 1D: 2.42%
• 1M: -3.21%
• YTD: 12.02%
• 6M: 4.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOY

• 1D: 0.37%
• 1M: 14.96%
• YTD: -13.15%
• 6M: -15.59%
• 1Y: 14.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOX vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
BLOX Nicholas Crypto Income ETF	12.02%	8.17%
HOOY YieldMax HOOD Option Income Strategy ETF	-13.15%	28.40%

Correlation

The correlation between BLOX and HOOY is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.69

Return for Risk

BLOX vs. HOOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLOX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HOOY

HOOY Risk / Return Rank: 14
HOOY Sharpe Ratio Rank: 14
HOOY Sortino Ratio Rank: 16
HOOY Omega Ratio Rank: 17
HOOY Calmar Ratio Rank: 13
HOOY Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLOX vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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	HOOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.26	—
Sortino ratio: Return per unit of downside risk	—	0.75	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.28	—
Martin ratio: Return relative to average drawdown	—	0.50	—

Drawdowns

BLOX vs. HOOY - Drawdown Comparison

The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum HOOY drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for BLOX and HOOY.

Drawdown Indicators

	BLOX	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-47.09%	-51.54%	+4.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-51.54%	—
Current Drawdown Current decline from peak	-22.56%	-35.28%	+12.72%
Average Drawdown Average peak-to-trough decline	-18.62%	-20.56%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.94%	—

Volatility

Volatility by Period

	BLOX	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	54.31%	55.83%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.31%	54.40%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.31%	54.40%	-0.09%

BLOX vs. HOOY - Expense Ratio Comparison

BLOX has a 1.03% expense ratio, which is higher than HOOY's 0.99% expense ratio.

Dividends

BLOX vs. HOOY - Dividend Comparison

BLOX's dividend yield for the trailing twelve months is around 40.25%, less than HOOY's 155.65% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	40.25%	22.69%
HOOY YieldMax HOOD Option Income Strategy ETF	155.65%	82.87%

Frequently Asked Questions

Can I hold both BLOX and HOOY in my portfolio?

BLOX and HOOY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLOX or HOOY?

On fees, HOOY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLOX or HOOY?

HOOY is cheaper with a 0.99% expense ratio, compared with 1.03% for BLOX.

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

HOOY has the higher dividend yield at 155.65%, compared with 40.25% for BLOX.

What is the main difference between BLOX and HOOY?

BLOX is categorized as Cryptocurrency, while HOOY is Derivative Income. They also come from different issuers: Nicholas and YieldMax. Their fees differ too: 1.03% for BLOX and 0.99% for HOOY.