HBTE.NEO vs. BLOX
HBTE.NEO (Harvest Bitcoin Leaders Enhanced Income ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - HBTE.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. Over the past year, HBTE.NEO returned 48.04% vs 18.58% for BLOX. Their correlation of 0.87 suggests significant overlap in exposure. HBTE.NEO charges 0.75%/yr vs 1.03%/yr for BLOX.
Performance
HBTE.NEO vs. BLOX - Performance Comparison
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Different Trading Currencies
HBTE.NEO is traded in CAD, while BLOX is traded in USD. To make them comparable, the BLOX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HBTE.NEO achieves a 21.62% return, which is significantly higher than BLOX's 13.56% return.
HBTE.NEO
- 1D
- -7.43%
- 1M
- -5.38%
- YTD
- 21.62%
- 6M
- 14.07%
- 1Y
- 48.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX
- 1D
- -3.76%
- 1M
- 0.70%
- YTD
- 13.56%
- 6M
- 7.66%
- 1Y
- 18.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBTE.NEO vs. BLOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 21.62% | 24.96% |
BLOX Nicholas Crypto Income ETF | 13.56% | 9.12% |
Correlation
The correlation between HBTE.NEO and BLOX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.87 |
The correlation between HBTE.NEO and BLOX has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.
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Return for Risk
HBTE.NEO vs. BLOX — Risk / Return Rank
HBTE.NEO
BLOX
HBTE.NEO vs. BLOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) 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.
| HBTE.NEO | BLOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.39 | +0.49 |
| Martin ratioReturn relative to average drawdown | 1.67 | 0.77 | +0.90 |
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Drawdowns
HBTE.NEO vs. BLOX - Drawdown Comparison
The maximum HBTE.NEO drawdown since its inception was -55.67%, which is greater than BLOX's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for HBTE.NEO and BLOX.
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Drawdown Indicators
| HBTE.NEO | BLOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -47.30% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -55.67% | -47.30% | -8.37% |
Current DrawdownCurrent decline from peak | -28.38% | -22.96% | -5.42% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -19.05% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.06% | 24.12% | +4.94% |
Volatility
HBTE.NEO vs. BLOX - Volatility Comparison
Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) has a higher volatility of 17.70% compared to Nicholas Crypto Income ETF (BLOX) at 16.34%. This indicates that HBTE.NEO's price experiences larger fluctuations and is considered to be riskier than BLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBTE.NEO | BLOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | 16.34% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 49.42% | 40.78% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.75% | 54.38% | +12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.02% | 54.03% | +11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.02% | 54.03% | +11.99% |
HBTE.NEO vs. BLOX - Expense Ratio Comparison
HBTE.NEO has a 0.75% expense ratio, which is lower than BLOX's 1.03% expense ratio.
Dividends
HBTE.NEO vs. BLOX - Dividend Comparison
HBTE.NEO's dividend yield for the trailing twelve months is around 27.55%, less than BLOX's 42.20% yield.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 42.20% | 22.69% |
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 27.55% | 18.40% |
Frequently Asked Questions
HBTE.NEO and BLOX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBTE.NEO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBTE.NEO is cheaper with a 0.75% expense ratio, compared with 1.03% for BLOX.
HBTE.NEO is categorized as Leveraged Cryptocurrency, while BLOX is Cryptocurrency. They also come from different issuers: Harvest and Nicholas. Their fees differ too: 0.75% for HBTE.NEO and 1.03% for BLOX.
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