BLOX vs. STRC

Last updated Jun 16, 2026

BLOX (Nicholas Crypto Income ETF) is Cryptocurrency fund actively managed by Nicholas, while STRC (Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock) is a stock. At a 0.43 correlation, their price movements are largely independent.

Performance

BLOX vs. STRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Crypto Income ETF (BLOX) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOX achieves a 15.73% return, which is significantly higher than STRC's 1.05% return.

BLOX

• 1D: 3.32%
• 1M: 4.52%
• YTD: 15.73%
• 6M: 16.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STRC

• 1D: 0.42%
• 1M: -4.02%
• YTD: 1.05%
• 6M: 2.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOX vs. STRC - Yearly Performance Comparison

	2026 (YTD)	2025
BLOX Nicholas Crypto Income ETF	15.73%	-10.03%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	1.05%	10.08%

Correlation

The correlation between BLOX and STRC 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 Jul 30, 2025	0.43

Return for Risk

BLOX vs. STRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BLOX vs. STRC - Drawdown Comparison

The maximum BLOX drawdown since its inception was -47.09%, which is greater than STRC's maximum drawdown of -6.39%. Use the drawdown chart below to compare losses from any high point for BLOX and STRC.

Drawdown Indicators

	BLOX	STRC	Difference
Max Drawdown Largest peak-to-trough decline	-47.09%	-6.39%	-40.70%
Current Drawdown Current decline from peak	-19.99%	-4.29%	-15.70%
Average Drawdown Average peak-to-trough decline	-18.63%	-0.65%	-17.98%

Volatility

Volatility by Period

	BLOX	STRC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	54.30%	13.25%	+41.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.30%	13.25%	+41.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.30%	13.25%	+41.05%

Dividends

BLOX vs. STRC - Dividend Comparison

BLOX's dividend yield for the trailing twelve months is around 38.95%, more than STRC's 9.44% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	38.95%	22.69%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	9.44%	4.31%

Frequently Asked Questions

Can I hold both BLOX and STRC in my portfolio?

BLOX and STRC 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.