COAGX vs. BLOX

Last updated Jul 11, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and BLOX (Nicholas Crypto Income ETF) are both funds - COAGX is a Long-Short fund managed by Caldwell & Orkin, while BLOX is a Cryptocurrency fund actively managed by Nicholas. At a 0.26 correlation, their price movements are largely independent. COAGX charges 2.00%/yr vs 1.03%/yr for BLOX.

Performance

COAGX vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COAGX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -1.56%
• 1M: -9.66%
• 6M: -7.95%
• YTD: 1.20%
• 1Y: -5.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COAGX vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	12.24%
BLOX Nicholas Crypto Income ETF	1.20%	8.17%

Correlation

The correlation between COAGX and BLOX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.26

Return for Risk

COAGX vs. BLOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COAGX

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

BLOX

BLOX Risk / Return Rank: 9
BLOX Sharpe Ratio Rank: 9
BLOX Sortino Ratio Rank: 11
BLOX Omega Ratio Rank: 10
BLOX Calmar Ratio Rank: 8
BLOX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COAGX vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Nicholas Crypto Income ETF (BLOX). 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.

	COAGX	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.09	—
Sortino ratio: Return per unit of downside risk	—	0.26	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	-0.10	—
Martin ratio: Return relative to average drawdown	—	-0.19	—

Drawdowns

Drawdown Indicators

	COAGX	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	—	-47.09%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-47.09%	—
Current Drawdown Current decline from peak	—	-30.04%	—
Average Drawdown Average peak-to-trough decline	—	-19.08%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.24%	—

Volatility

Volatility by Period

	COAGX	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	54.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	53.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	53.63%	—

COAGX vs. BLOX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than BLOX's 1.03% expense ratio.

Dividends

COAGX vs. BLOX - Dividend Comparison

COAGX has not paid dividends to shareholders, while BLOX's dividend yield for the trailing twelve months is around 47.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLOX Nicholas Crypto Income ETF	46.85%	22.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%

Frequently Asked Questions

Can I hold both COAGX and BLOX in my portfolio?

COAGX and BLOX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.