BLOX vs. NGHT
BLOX (Nicholas Crypto Income ETF) and NGHT (Nicholas Bitcoin and Treasuries AfterDark ETF) are both Cryptocurrency funds from Nicholas. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. BLOX charges 1.03%/yr vs 0.97%/yr for NGHT.
Performance
BLOX vs. NGHT - 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*
- —
NGHT
- 1D
- 3.18%
- 1M
- -1.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX vs. NGHT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BLOX Nicholas Crypto Income ETF | 16.45% |
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF | -16.44% |
Correlation
The correlation between BLOX and NGHT is 0.43, 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 Apr 8, 2026 | 0.43 |
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Return for Risk
BLOX vs. NGHT — Risk / Return Rank
BLOX
NGHT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BLOX vs. NGHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT). 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 | NGHT | 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. NGHT - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, which is greater than NGHT's maximum drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for BLOX and NGHT.
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Drawdown Indicators
| BLOX | NGHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -23.03% | -24.06% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | — | — |
Current DrawdownCurrent decline from peak | -31.91% | -20.51% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -19.17% | -10.17% | -9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.41% | — | — |
Volatility
BLOX vs. NGHT - Volatility Comparison
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Volatility by Period
| BLOX | NGHT | 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% | 31.20% | +23.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.55% | 31.20% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.55% | 31.20% | +22.35% |
BLOX vs. NGHT - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than NGHT's 0.97% expense ratio.
Dividends
BLOX vs. NGHT - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 48.13%, while NGHT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 48.13% | 22.69% |
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF | 0.00% | 0.00% |
Frequently Asked Questions
BLOX and NGHT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NGHT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NGHT is cheaper with a 0.97% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 48.13%, compared with 0.00% for NGHT.
Their fees differ too: 1.03% for BLOX and 0.97% for NGHT.
Find the right allocation for BLOX and NGHT
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