TOXR vs. BLOX

Last updated Jun 4, 2026

TOXR (21Shares XRP ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. TOXR is passively managed, while BLOX is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. TOXR charges 0.30%/yr vs 1.03%/yr for BLOX.

Performance

TOXR vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares XRP ETF (TOXR) 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, TOXR achieves a -34.38% return, which is significantly lower than BLOX's 15.59% return.

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -0.80%
• 1M: 5.80%
• YTD: 15.59%
• 6M: 2.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOXR vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
TOXR 21Shares XRP ETF	-34.38%	-9.65%
BLOX Nicholas Crypto Income ETF	15.59%	-11.53%

Correlation

The correlation between TOXR and BLOX is 0.76, 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 Dec 12, 2025	0.76

Return for Risk

TOXR vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares XRP ETF (TOXR) 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.

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

Sharpe Ratios by Period

	TOXR	BLOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	0.52	-1.44

Drawdowns

TOXR vs. BLOX - Drawdown Comparison

The maximum TOXR drawdown since its inception was -48.78%, roughly equal to the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for TOXR and BLOX.

Drawdown Indicators

	TOXR	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-47.09%	-1.69%
Current Drawdown Current decline from peak	-48.10%	-20.09%	-28.01%
Average Drawdown Average peak-to-trough decline	-31.50%	-18.53%	-12.97%

Volatility

Volatility by Period

	TOXR	BLOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	73.16%	53.34%	+19.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.16%	53.34%	+19.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	53.34%	+19.82%

TOXR vs. BLOX - Expense Ratio Comparison

TOXR has a 0.30% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

TOXR vs. BLOX - Dividend Comparison

TOXR has not paid dividends to shareholders, while BLOX's dividend yield for the trailing twelve months is around 37.11%.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	37.11%	22.69%
TOXR 21Shares XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOXR and BLOX in my portfolio?

TOXR and BLOX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOXR or BLOX?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOXR or BLOX?

TOXR is cheaper with a 0.30% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 37.11%, compared with 0.00% for TOXR.

What is the main difference between TOXR and BLOX?

They also come from different issuers: 21Shares and Nicholas. Their fees differ too: 0.30% for TOXR and 1.03% for BLOX.