BLOX vs. RBIL

Last updated Aug 4, 2026

BLOX (Nicholas Crypto Income ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. BLOX is actively managed, while RBIL is passively managed. Over the past year, BLOX returned -6.15% vs 3.92% for RBIL. Their -0.16 correlation means they have often moved in opposite directions in the past. BLOX charges 1.03%/yr vs 0.17%/yr for RBIL.

Performance

BLOX vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Crypto Income ETF (BLOX) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOX achieves a -1.70% return, which is significantly lower than RBIL's 2.68% return.

BLOX

• 1D: 3.66%
• 1M: -0.32%
• 6M: -1.27%
• YTD: -1.70%
• 1Y: -6.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.59%

RBIL

• 1D: -0.02%
• 1M: 0.24%
• 6M: 2.36%
• YTD: 2.68%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOX Nicholas Crypto Income ETF	$4.89M	$4.95M	$6.25M
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	$1.11M	$1.90M	$2.32M

BLOX vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
BLOX Nicholas Crypto Income ETF	-1.70%	8.17%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.68%	1.88%

Correlation

The correlation between BLOX and RBIL is -0.14, 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.	-0.14
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	-0.16

Return for Risk

BLOX vs. RBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLOX

BLOX Risk / Return Rank: 11
BLOX Sharpe Ratio Rank: 9
BLOX Sortino Ratio Rank: 13
BLOX Omega Ratio Rank: 12
BLOX Calmar Ratio Rank: 9
BLOX Martin Ratio Rank: 9

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 97
RBIL Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLOX vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	4.11	-4.22
Sortino ratio: Return per unit of downside risk	0.25	6.33	-6.08
Omega ratio: Gain probability vs. loss probability	1.03	2.05	-1.02
Calmar ratio: Return relative to maximum drawdown	-0.13	7.00	-7.13
Martin ratio: Return relative to average drawdown	-0.24	28.60	-28.84

BLOX vs. RBIL - Sharpe Ratio Comparison

The current BLOX Sharpe Ratio is -0.11, which is lower than the RBIL Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of BLOX and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLOX vs. RBIL - Drawdown Comparison

The maximum BLOX drawdown since its inception was -47.09%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for BLOX and RBIL.

Drawdown Indicators

	BLOX	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-47.09%	-0.56%	-46.53%
Max Drawdown (1Y) Largest decline over 1 year	-47.09%	-0.56%	-46.53%
Current Drawdown Current decline from peak	-32.04%	-0.15%	-31.89%
Average Drawdown Average peak-to-trough decline	-19.87%	-0.08%	-19.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.62%	0.14%	+25.48%

Volatility

BLOX vs. RBIL - Volatility Comparison

Nicholas Crypto Income ETF (BLOX) has a higher volatility of 20.56% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that BLOX's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLOX	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.56%	0.30%	+20.26%
Volatility (6M) Calculated over the trailing 6-month period	43.37%	0.90%	+42.47%
Volatility (1Y) Calculated over the trailing 1-year period	56.97%	0.96%	+56.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.14%	1.06%	+54.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.14%	1.06%	+54.08%

BLOX vs. RBIL - Expense Ratio Comparison

BLOX has a 1.03% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

BLOX vs. RBIL - Dividend Comparison

BLOX's dividend yield for the trailing twelve months is around 47.94%, more than RBIL's 4.16% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	47.94%	22.69%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.16%	3.65%

Frequently Asked Questions

Can I hold both BLOX and RBIL in my portfolio?

BLOX and RBIL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLOX or RBIL?

BLOX has higher volatility (20.56%) compared to RBIL (0.30%). In terms of maximum drawdown, BLOX dropped -47.09% vs RBIL's -0.56%.

Which ETF is better, BLOX or RBIL?

On 1-year performance, RBIL leads with 3.92% vs -6.15% for BLOX. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOX or RBIL?

Over the 1-year period, RBIL has performed better with a 3.92% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOX or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 47.94%, compared with 4.16% for RBIL.

What is the main difference between BLOX and RBIL?

BLOX is categorized as Cryptocurrency, while RBIL is Inflation-Protected Bonds. They also come from different issuers: Nicholas and F/m. Their fees differ too: 1.03% for BLOX and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.11 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.