NVDW vs. BLOX

Last updated Jun 24, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. Over the past year, NVDW returned 40.81% vs 25.91% for BLOX. At a 0.49 correlation, their price movements are largely independent. NVDW charges 0.99%/yr vs 1.03%/yr for BLOX.

Performance

NVDW vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) 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, NVDW achieves a 6.30% return, which is significantly lower than BLOX's 14.14% return.

NVDW

• 1D: -4.59%
• 1M: -8.60%
• YTD: 6.30%
• 6M: 4.41%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -2.16%
• 1M: 1.81%
• YTD: 14.14%
• 6M: 8.96%
• 1Y: 25.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	6.30%	32.04%
BLOX Nicholas Crypto Income ETF	14.14%	8.17%

Correlation

The correlation between NVDW and BLOX 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 (All Time) Calculated using the full available price history since Jun 17, 2025	0.49

Return for Risk

NVDW vs. BLOX — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 29
NVDW Sharpe Ratio Rank: 28
NVDW Sortino Ratio Rank: 29
NVDW Omega Ratio Rank: 27
NVDW Calmar Ratio Rank: 33
NVDW Martin Ratio Rank: 28

BLOX

BLOX Risk / Return Rank: 16
BLOX Sharpe Ratio Rank: 16
BLOX Sortino Ratio Rank: 19
BLOX Omega Ratio Rank: 18
BLOX Calmar Ratio Rank: 15
BLOX Martin Ratio Rank: 14

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.

NVDW vs. BLOX - Risk-Adjusted Trends Comparison

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

	NVDW	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.48	+0.48
Sortino ratio: Return per unit of downside risk	1.52	1.00	+0.52
Omega ratio: Gain probability vs. loss probability	1.18	1.12	+0.06
Calmar ratio: Return relative to maximum drawdown	1.61	0.55	+1.05
Martin ratio: Return relative to average drawdown	3.72	1.11	+2.61

NVDW vs. BLOX - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.96, which is higher than the BLOX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of NVDW 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

NVDW vs. BLOX - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for NVDW and BLOX.

Drawdown Indicators

	NVDW	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-47.09%	+21.55%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-47.09%	+21.55%
Current Drawdown Current decline from peak	-18.09%	-21.10%	+3.01%
Average Drawdown Average peak-to-trough decline	-8.50%	-18.66%	+10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	23.45%	-12.44%

Volatility

NVDW vs. BLOX - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) and Nicholas Crypto Income ETF (BLOX) have volatilities of 15.16% and 15.68%, 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

	NVDW	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.16%	15.68%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	32.09%	41.09%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	42.50%	54.17%	-11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.02%	53.89%	-11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.02%	53.89%	-11.87%

NVDW vs. BLOX - Expense Ratio Comparison

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

Dividends

NVDW vs. BLOX - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 63.83%, more than BLOX's 40.47% yield.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	40.47%	22.69%
NVDW Roundhill NVDA WeeklyPay ETF	63.83%	38.94%

Frequently Asked Questions

Can I hold both NVDW and BLOX in my portfolio?

NVDW and BLOX 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.

Which is riskier, NVDW or BLOX?

BLOX has higher volatility (15.68%) compared to NVDW (15.16%). In terms of maximum drawdown, NVDW dropped -25.54% vs BLOX's -47.09%.

Which ETF is better, NVDW or BLOX?

On 1-year performance, NVDW leads with 40.81% vs 25.91% for BLOX. On fees, NVDW is cheaper at 0.99% per year. On volatility, NVDW has been the lower-risk option at 15.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or BLOX?

Over the 1-year period, NVDW has performed better with a 40.81% return vs 25.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or BLOX?

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

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

NVDW has the higher dividend yield at 63.83%, compared with 40.47% for BLOX.

What is the main difference between NVDW and BLOX?

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

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.96 vs 0.48), 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.