HOOW vs. BLOX

Last updated Aug 2, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. Over the past year, HOOW returned -24.25% vs -9.46% for BLOX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. HOOW charges 0.99%/yr vs 1.03%/yr for BLOX.

Performance

HOOW vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -31.68% return, which is significantly lower than BLOX's -5.17% return.

HOOW

• 1D: 0.00%
• 1M: -27.79%
• 6M: -20.03%
• YTD: -31.68%
• 1Y: -24.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.81%

BLOX

• 1D: -2.47%
• 1M: -3.84%
• 6M: -10.66%
• YTD: -5.17%
• 1Y: -9.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOX Nicholas Crypto Income ETF	$4.87M	$5.29M	$6.27M
HOOW Roundhill HOOD WeeklyPay ETF	$4.69M	$5.55M	$5.41M

HOOW vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-31.68%	52.60%
BLOX Nicholas Crypto Income ETF	-5.17%	9.24%

Correlation

The correlation between HOOW and BLOX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.68

The correlation between HOOW and BLOX has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.

Return for Risk

HOOW vs. BLOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HOOW

HOOW Risk / Return Rank: 8
HOOW Sharpe Ratio Rank: 7
HOOW Sortino Ratio Rank: 10
HOOW Omega Ratio Rank: 10
HOOW Calmar Ratio Rank: 6
HOOW Martin Ratio Rank: 6

BLOX

BLOX Risk / Return Rank: 8
BLOX Sharpe Ratio Rank: 7
BLOX Sortino Ratio Rank: 9
BLOX Omega Ratio Rank: 9
BLOX Calmar Ratio Rank: 7
BLOX Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HOOW vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	-0.28	-0.05
Sortino ratio: Return per unit of downside risk	0.07	-0.02	+0.09
Omega ratio: Gain probability vs. loss probability	1.01	1.00	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.42	-0.34	-0.08
Martin ratio: Return relative to average drawdown	-0.68	-0.62	-0.05

HOOW vs. BLOX - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is -0.32, which is comparable to the BLOX Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of HOOW and BLOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOOW vs. BLOX - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for HOOW and BLOX.

Drawdown Indicators

	HOOW	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-47.09%	-18.65%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-47.09%	-18.65%
Current Drawdown Current decline from peak	-53.60%	-34.45%	-19.15%
Average Drawdown Average peak-to-trough decline	-31.15%	-19.83%	-11.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.51%	25.55%	+14.96%

Volatility

HOOW vs. BLOX - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) and Nicholas Crypto Income ETF (BLOX) have volatilities of 21.12% and 20.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.12%	20.64%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	65.47%	43.34%	+22.13%
Volatility (1Y) Calculated over the trailing 1-year period	84.98%	57.17%	+27.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.74%	55.13%	+28.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.74%	55.13%	+28.61%

HOOW vs. BLOX - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

HOOW vs. BLOX - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 167.55%, more than BLOX's 50.86% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	49.69%	22.69%
HOOW Roundhill HOOD WeeklyPay ETF	167.55%	67.92%

Frequently Asked Questions

Can I hold both HOOW and BLOX in my portfolio?

HOOW and BLOX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or BLOX?

HOOW has higher volatility (21.12%) compared to BLOX (20.64%). In terms of maximum drawdown, HOOW dropped -65.74% vs BLOX's -47.09%.

Which ETF is better, HOOW or BLOX?

On 1-year performance, BLOX leads with -9.46% vs -24.25% for HOOW. On fees, HOOW is cheaper at 0.99% per year. On volatility, BLOX has been the lower-risk option at 20.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or BLOX?

Over the 1-year period, BLOX has performed better with a -9.46% return vs -24.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or BLOX?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.03% for BLOX.

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

HOOW has the higher dividend yield at 167.55%, compared with 49.69% for BLOX.

What is the main difference between HOOW and BLOX?

HOOW is categorized as Leveraged Equities, while BLOX is Cryptocurrency. They also come from different issuers: Roundhill and Nicholas. Their fees differ too: 0.99% for HOOW and 1.03% for BLOX.

Which has better risk-adjusted returns?

BLOX currently has the higher Sharpe Ratio (-0.28 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.