BLOX vs. SETH
BLOX (Nicholas Crypto Income ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds. BLOX is actively managed, while SETH is passively managed. At a correlation of -0.78, they often move in opposite directions. BLOX charges 1.03%/yr vs 0.95%/yr for SETH.
Performance
BLOX vs. SETH - 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 SETH's 40.93% return.
BLOX
- 1D
- -2.56%
- 1M
- 10.59%
- YTD
- 16.52%
- 6M
- 5.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETH
- 1D
- 5.62%
- 1M
- 29.74%
- YTD
- 40.93%
- 6M
- 46.51%
- 1Y
- -1.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 16.52% | 9.24% |
SETH ProShares Short Ether Strategy ETF | 40.93% | -31.62% |
Correlation
The correlation between BLOX and SETH is -0.78, 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 | -0.78 |
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Return for Risk
BLOX vs. SETH — Risk / Return Rank
BLOX
SETH
BLOX vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and ProShares Short Ether Strategy ETF (SETH). 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 | SETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -0.45 | +0.98 |
Drawdowns
BLOX vs. SETH - Drawdown Comparison
The maximum BLOX drawdown since its inception was -47.09%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for BLOX and SETH.
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Drawdown Indicators
| BLOX | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.09% | -80.74% | +33.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.01% | — |
Current DrawdownCurrent decline from peak | -19.45% | -61.29% | +41.84% |
Average DrawdownAverage peak-to-trough decline | -18.53% | -54.79% | +36.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.77% | — |
Volatility
BLOX vs. SETH - Volatility Comparison
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Volatility by Period
| BLOX | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.44% | 68.54% | -15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.44% | 69.53% | -16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.44% | 69.53% | -16.09% |
BLOX vs. SETH - Expense Ratio Comparison
BLOX has a 1.03% expense ratio, which is higher than SETH's 0.95% expense ratio.
Dividends
BLOX vs. SETH - Dividend Comparison
BLOX's dividend yield for the trailing twelve months is around 36.81%, more than SETH's 10.91% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BLOX Nicholas Crypto Income ETF | 36.81% | 22.69% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 10.91% | 7.01% | 3.44% | 0.38% |
Frequently Asked Questions
BLOX and SETH have a correlation of -0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SETH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SETH 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 10.91% for SETH.
They also come from different issuers: Nicholas and ProShares. Their fees differ too: 1.03% for BLOX and 0.95% for SETH.
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