FMUB vs. BLOX

Last updated Jun 5, 2026

FMUB (Fidelity Municipal Bond Opportunities ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - FMUB is a Municipal Bonds fund actively managed by Fidelity, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. FMUB charges 0.30%/yr vs 1.03%/yr for BLOX.

Performance

FMUB vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Municipal Bond Opportunities ETF (FMUB) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMUB achieves a 2.00% return, which is significantly lower than BLOX's 15.59% return.

FMUB

• 1D: 0.11%
• 1M: 0.88%
• YTD: 2.00%
• 6M: 2.22%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -0.80%
• 1M: 5.80%
• YTD: 15.59%
• 6M: 2.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMUB vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
FMUB Fidelity Municipal Bond Opportunities ETF	2.00%	4.87%
BLOX Nicholas Crypto Income ETF	15.59%	9.24%

Correlation

The correlation between FMUB and BLOX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.06

Return for Risk

FMUB vs. BLOX — Risk / Return Rank

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

FMUB

FMUB Risk / Return Rank: 81
FMUB Sharpe Ratio Rank: 88
FMUB Sortino Ratio Rank: 91
FMUB Omega Ratio Rank: 93
FMUB Calmar Ratio Rank: 63
FMUB Martin Ratio Rank: 68

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.

FMUB vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Opportunities ETF (FMUB) 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.

	FMUB	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	2.90	—	—
Sortino ratio: Return per unit of downside risk	4.27	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	3.10	—	—
Martin ratio: Return relative to average drawdown	12.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FMUB	BLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.33	0.52	+1.81

Drawdowns

FMUB vs. BLOX - Drawdown Comparison

The maximum FMUB drawdown since its inception was -2.49%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for FMUB and BLOX.

Drawdown Indicators

	FMUB	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-2.49%	-47.09%	+44.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	—	—
Current Drawdown Current decline from peak	0.00%	-20.09%	+20.09%
Average Drawdown Average peak-to-trough decline	-0.38%	-18.53%	+18.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	—	—

Volatility

Volatility by Period

	FMUB	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	53.34%	-50.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.25%	53.34%	-50.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.25%	53.34%	-50.09%

FMUB vs. BLOX - Expense Ratio Comparison

FMUB has a 0.30% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

FMUB vs. BLOX - Dividend Comparison

FMUB's dividend yield for the trailing twelve months is around 3.42%, less than BLOX's 37.11% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	37.11%	22.69%
FMUB Fidelity Municipal Bond Opportunities ETF	3.42%	2.63%

Frequently Asked Questions

Can I hold both FMUB and BLOX in my portfolio?

FMUB and BLOX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMUB or BLOX?

On fees, FMUB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMUB or BLOX?

FMUB is cheaper with a 0.30% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 37.11%, compared with 3.42% for FMUB.

What is the main difference between FMUB and BLOX?

FMUB is categorized as Municipal Bonds, while BLOX is Cryptocurrency. They also come from different issuers: Fidelity and Nicholas. Their fees differ too: 0.30% for FMUB and 1.03% for BLOX.