HOOY vs. BLOX

Last updated Jun 13, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - HOOY is a Derivative Income fund actively managed by YieldMax, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. HOOY charges 0.99%/yr vs 1.03%/yr for BLOX.

Performance

HOOY vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HOOD Option Income Strategy ETF (HOOY) 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, HOOY achieves a -13.15% return, which is significantly lower than BLOX's 12.02% return.

HOOY

• 1D: 0.37%
• 1M: 14.96%
• YTD: -13.15%
• 6M: -15.59%
• 1Y: 14.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: 2.42%
• 1M: -3.21%
• YTD: 12.02%
• 6M: 4.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-13.15%	28.40%
BLOX Nicholas Crypto Income ETF	12.02%	8.17%

Correlation

The correlation between HOOY and BLOX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.69

Return for Risk

HOOY vs. BLOX — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 14
HOOY Sharpe Ratio Rank: 14
HOOY Sortino Ratio Rank: 16
HOOY Omega Ratio Rank: 17
HOOY Calmar Ratio Rank: 13
HOOY Martin Ratio Rank: 12

BLOX

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

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.

HOOY vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) 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.

	HOOY	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	0.26	—	—
Sortino ratio: Return per unit of downside risk	0.75	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.28	—	—
Martin ratio: Return relative to average drawdown	0.50	—	—

Drawdowns

HOOY vs. BLOX - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for HOOY and BLOX.

Drawdown Indicators

	HOOY	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-47.09%	-4.45%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	—	—
Current Drawdown Current decline from peak	-35.28%	-22.56%	-12.72%
Average Drawdown Average peak-to-trough decline	-20.56%	-18.62%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.94%	—	—

Volatility

Volatility by Period

	HOOY	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.83%	54.31%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.40%	54.31%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.40%	54.31%	+0.09%

HOOY vs. BLOX - Expense Ratio Comparison

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

Dividends

HOOY vs. BLOX - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 155.65%, more than BLOX's 40.25% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	40.25%	22.69%
HOOY YieldMax HOOD Option Income Strategy ETF	155.65%	82.87%

Frequently Asked Questions

Can I hold both HOOY and BLOX in my portfolio?

HOOY and BLOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOY or BLOX?

On fees, HOOY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOY or BLOX?

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

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

HOOY has the higher dividend yield at 155.65%, compared with 40.25% for BLOX.

What is the main difference between HOOY and BLOX?

HOOY is categorized as Derivative Income, while BLOX is Cryptocurrency. They also come from different issuers: YieldMax and Nicholas. Their fees differ too: 0.99% for HOOY and 1.03% for BLOX.