BLOX vs. SBIT
BLOX (Nicholas Crypto Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. BLOX is actively managed, while SBIT is passively managed. At a correlation of -0.81, they often move in opposite directions. BLOX charges 1.03%/yr vs 0.95%/yr for SBIT.
Performance
BLOX vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BLOX achieves a 16.52% return, which is significantly lower than SBIT's 37.02% return.
BLOX
- 1D
- -2.56%
- 1M
- 10.59%
- YTD
- 16.52%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.42%
- 1M
- 46.58%
- YTD
- 37.02%
- 6M
- 52.37%
- 1Y
- 68.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 16.52% | 9.24% |
SBIT Proshares Ultrashort Bitcoin ETF | 37.02% | 20.83% |
Correlation
The correlation between BLOX and SBIT is -0.81, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | -0.81 |
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Return for Risk
BLOX vs. SBIT — Risk / Return Rank
BLOX
SBIT
BLOX vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Proshares Ultrashort Bitcoin ETF (SBIT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BLOX | SBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -0.46 | +1.00 |
Drawdowns
BLOX vs. SBIT - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BLOX and SBIT.
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Drawdown Indicators
| BLOX | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -91.35% | +44.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.94% | — |
Current DrawdownCurrent decline from peak | -19.45% | -78.26% | +58.81% |
Average DrawdownAverage peak-to-trough decline | -18.53% | -68.55% | +50.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.69% | — |
Volatility
BLOX vs. SBIT - Volatility Comparison
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Volatility by Period
| BLOX | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.44% | 87.18% | -33.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.44% | 97.47% | -44.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.44% | 97.47% | -44.03% |
BLOX vs. SBIT - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than SBIT's 0.95% expense ratio.
Dividends
BLOX vs. SBIT - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 36.81%, more than SBIT's 3.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLOX Nicholas Crypto Income ETF | 36.81% | 22.69% | 0.00% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% |
Frequently Asked Questions
BLOX and SBIT have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBIT is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBIT is cheaper with a 0.95% expense ratio, compared with 1.03% for BLOX.
BLOX has the higher dividend yield at 36.81%, compared with 3.42% for SBIT.
They also come from different issuers: Nicholas and ProShares. Their fees differ too: 1.03% for BLOX and 0.95% for SBIT.
Find the right allocation for BLOX and SBIT
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