NANC vs. BX
NANC (Unusual Whales Subversive Democratic Trading ETF) is Large Cap Blend Equities fund actively managed by Subversive, while BX (Blackstone Inc.) is a stock. Over the past 3 years, NANC returned 22.64%/yr vs 14.49%/yr for BX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
NANC vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, NANC achieves a 10.22% return, which is significantly higher than BX's -17.45% return.
NANC
- 1D
- 2.12%
- 1M
- 3.76%
- YTD
- 10.22%
- 6M
- 10.78%
- 1Y
- 26.20%
- 3Y*
- 22.64%
- 5Y*
- —
- 10Y*
- —
BX
- 1D
- 1.50%
- 1M
- 5.72%
- YTD
- -17.45%
- 6M
- -15.36%
- 1Y
- -5.32%
- 3Y*
- 14.49%
- 5Y*
- 8.46%
- 10Y*
- 22.84%
NANC vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NANC Unusual Whales Subversive Democratic Trading ETF | 10.22% | 18.54% | 26.83% | 22.81% |
BX Blackstone Inc. | -17.45% | -7.84% | 35.07% | 40.35% |
Correlation
The correlation between NANC and BX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023 | 0.58 |
The correlation between NANC and BX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
NANC vs. BX — Risk / Return Rank
NANC
BX
NANC vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Democratic Trading ETF (NANC) and Blackstone Inc. (BX). 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.
| NANC | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.00 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.12 | +2.27 |
| Martin ratioReturn relative to average drawdown | 8.74 | -0.22 | +8.96 |
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Drawdowns
NANC vs. BX - Drawdown Comparison
The maximum NANC drawdown since its inception was -20.94%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for NANC and BX.
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Drawdown Indicators
| NANC | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.94% | -88.09% | +67.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -44.76% | +32.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -46.50% | +25.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.29% | — |
Current DrawdownCurrent decline from peak | -0.68% | -34.10% | +33.42% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -26.39% | +23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 24.29% | -21.29% |
Volatility
NANC vs. BX - Volatility Comparison
The current volatility for Unusual Whales Subversive Democratic Trading ETF (NANC) is 5.79%, while Blackstone Inc. (BX) has a volatility of 12.54%. This indicates that NANC experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NANC | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 12.54% | -6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 28.53% | -17.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 34.94% | -20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 39.42% | -22.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 35.79% | -18.92% |
Dividends
NANC vs. BX - Dividend Comparison
NANC's dividend yield for the trailing twelve months is around 0.19%, less than BX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 3.99% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
NANC Unusual Whales Subversive Democratic Trading ETF | 0.19% | 0.21% | 0.20% | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NANC and BX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (12.54%) compared to NANC (5.79%). In terms of maximum drawdown, NANC dropped -20.94% vs BX's -88.09%.
NANC currently has the higher Sharpe Ratio (1.84 vs -0.15), 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.
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