BLOX vs. MSTW
BLOX (Nicholas Crypto Income ETF) and MSTW (Roundhill MSTR WeeklyPay™ ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while MSTW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, BLOX returned -6.15% vs -82.82% for MSTW. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BLOX charges 1.03%/yr vs 0.99%/yr for MSTW.
Performance
BLOX vs. MSTW - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a -1.70% return, which is significantly higher than MSTW's -48.21% return.
BLOX
- 1D
- 3.66%
- 1M
- -0.32%
- 6M
- -1.27%
- YTD
- -1.70%
- 1Y
- -6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.59%
MSTW
- 1D
- 1.76%
- 1M
- -7.73%
- 6M
- -42.22%
- YTD
- -48.21%
- 1Y
- -82.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -84.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.89M | $4.95M | $6.25M | |
| $1.30M | $1.35M | $2.96M |
BLOX vs. MSTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | -1.70% | -12.15% |
MSTW Roundhill MSTR WeeklyPay™ ETF | -48.21% | -71.40% |
Correlation
The correlation between BLOX and MSTW is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.70 |
The correlation between BLOX and MSTW has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.
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Return for Risk
BLOX vs. MSTW — Risk / Return Rank
BLOX
MSTW
BLOX vs. MSTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Roundhill MSTR WeeklyPay™ ETF (MSTW). 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 | MSTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.78 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.96 | +0.83 |
| Martin ratioReturn relative to average drawdown | -0.24 | -1.31 | +1.07 |
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Drawdowns
BLOX vs. MSTW - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum MSTW drawdown of -87.29%. Use the drawdown chart below to compare losses from any high point for BLOX and MSTW.
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Drawdown Indicators
| BLOX | MSTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -87.29% | +40.20% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -86.75% | +39.66% |
Current DrawdownCurrent decline from peak | -32.04% | -85.20% | +53.16% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -58.88% | +39.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 63.23% | -37.61% |
Volatility
BLOX vs. MSTW - Volatility Comparison
Nicholas Crypto Income ETF (BLOX) and Roundhill MSTR WeeklyPay™ ETF (MSTW) have volatilities of 20.56% and 19.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOX | MSTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 19.65% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 73.26% | -29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.97% | 90.82% | -33.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 90.22% | -35.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 90.22% | -35.08% |
BLOX vs. MSTW - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than MSTW's 0.99% expense ratio.
Dividends
BLOX vs. MSTW - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 47.94%, less than MSTW's 422.61% yield.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 47.94% | 22.69% |
MSTW Roundhill MSTR WeeklyPay™ ETF | 422.61% | 106.94% |
Frequently Asked Questions
BLOX and MSTW have a correlation of 0.70, 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 MSTW (19.65%). In terms of maximum drawdown, BLOX dropped -47.09% vs MSTW's -87.29%.
On 1-year performance, BLOX leads with -6.15% vs -82.82% for MSTW. On fees, MSTW is cheaper at 0.99% per year. On volatility, MSTW has been the lower-risk option at 19.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLOX has performed better with a -6.15% return vs -82.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSTW is cheaper with a 0.99% expense ratio, compared with 1.03% for BLOX.
MSTW has the higher dividend yield at 422.61%, compared with 47.94% for BLOX.
BLOX is categorized as Cryptocurrency, while MSTW is Derivative Income. They also come from different issuers: Nicholas and Roundhill. Their fees differ too: 1.03% for BLOX and 0.99% for MSTW.
BLOX currently has the higher Sharpe Ratio (-0.11 vs -0.92), 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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