BLOX vs. IAK
BLOX (Nicholas Crypto Income ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. BLOX is actively managed, while IAK is passively managed. Over the past year, BLOX returned -6.15% vs 19.67% for IAK. Their -0.16 correlation means they have often moved in opposite directions in the past. BLOX charges 1.03%/yr vs 0.38%/yr for IAK.
Performance
BLOX vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a -1.70% return, which is significantly lower than IAK's 10.11% return.
BLOX
- 1D
- 3.66%
- 1M
- -0.32%
- 6M
- -1.27%
- YTD
- -1.70%
- 1Y
- -6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.59%
IAK
- 1D
- 0.03%
- 1M
- -0.03%
- 6M
- 12.56%
- YTD
- 10.11%
- 1Y
- 19.67%
- 3Y*
- 19.67%
- 5Y*
- 15.99%
- 10Y*
- 13.18%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.89M | $4.95M | $6.25M | |
| $15.27M | $20.59M | $12.29M |
BLOX vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -1.70% | 8.17% |
IAK iShares U.S. Insurance ETF | 10.11% | 3.64% |
Correlation
The correlation between BLOX and IAK is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | -0.16 |
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Return for Risk
BLOX vs. IAK — Risk / Return Rank
BLOX
IAK
BLOX vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.59 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.24 | 6.29 | -6.54 |
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Drawdowns
BLOX vs. IAK - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for BLOX and IAK.
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Drawdown Indicators
| BLOX | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -77.38% | +30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -7.62% | -39.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -32.04% | -3.20% | -28.84% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -16.01% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 3.13% | +22.49% |
Volatility
BLOX vs. IAK - Volatility Comparison
Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOX | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 6.56% | +14.00% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 12.42% | +30.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.97% | 15.99% | +40.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 18.13% | +37.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 20.92% | +34.22% |
BLOX vs. IAK - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
BLOX vs. IAK - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 47.94%, more than IAK's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLOX Nicholas Crypto Income ETF | 47.94% | 22.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAK iShares U.S. Insurance ETF | 2.42% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
Frequently Asked Questions
BLOX and IAK have a correlation of -0.18, 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 IAK (6.56%). In terms of maximum drawdown, BLOX dropped -47.09% vs IAK's -77.38%.
On 1-year performance, IAK leads with 19.67% vs -6.15% for BLOX. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAK has performed better with a 19.67% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 47.94%, compared with 2.42% for IAK.
BLOX is categorized as Cryptocurrency, while IAK is Financials Equities. They also come from different issuers: Nicholas and iShares. Their fees differ too: 1.03% for BLOX and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.24 vs -0.11), 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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