ULTY vs. BLOX

Last updated Jun 4, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - ULTY is a Derivative Income fund actively managed by YieldMax, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. ULTY charges 1.14%/yr vs 1.03%/yr for BLOX.

Performance

ULTY vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) 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, ULTY achieves a 11.14% return, which is significantly lower than BLOX's 16.52% return.

ULTY

• 1D: -1.25%
• 1M: 4.53%
• YTD: 11.14%
• 6M: 9.84%
• 1Y: 8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -2.56%
• 1M: 10.59%
• YTD: 16.52%
• 6M: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ULTY vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
ULTY YieldMax Ultra Option Income Strategy ETF	11.14%	-4.62%
BLOX Nicholas Crypto Income ETF	16.52%	9.24%

Correlation

The correlation between ULTY and BLOX is 0.78, 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 18, 2025	0.78

ULTY vs. BLOX - Sectors Allocation Comparison

Sectors	ULTY	BLOX
Technology	54.6%	39.3%
Basic Materials	11.7%	-
Industrials	9.3%	-
Communication Services	8.9%	-
Financial Services	8.6%	60.7%
Consumer Cyclical	5.2%	-
Healthcare	1.8%	-
Consumer Defensive	0.0%	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ULTY vs. BLOX — Risk / Return Rank

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

ULTY

ULTY Risk / Return Rank: 13
ULTY Sharpe Ratio Rank: 14
ULTY Sortino Ratio Rank: 14
ULTY Omega Ratio Rank: 14
ULTY Calmar Ratio Rank: 13
ULTY Martin Ratio Rank: 12

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.

ULTY vs. BLOX - Risk-Adjusted Trends Comparison

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

	ULTY	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	0.40	—	—
Sortino ratio: Return per unit of downside risk	0.66	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.34	—	—
Martin ratio: Return relative to average drawdown	0.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ULTY	BLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.54	-0.36

Drawdowns

ULTY vs. BLOX - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for ULTY and BLOX.

Drawdown Indicators

	ULTY	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-47.09%	+20.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Current Drawdown Current decline from peak	-8.88%	-19.45%	+10.57%
Average Drawdown Average peak-to-trough decline	-9.37%	-18.53%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	—	—

Volatility

Volatility by Period

	ULTY	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	53.44%	-32.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	53.44%	-26.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	53.44%	-26.52%

ULTY vs. BLOX - Expense Ratio Comparison

ULTY has a 1.14% expense ratio, which is higher than BLOX's 1.03% expense ratio.

Dividends

ULTY vs. BLOX - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 114.67%, more than BLOX's 36.81% yield.

Position	TTM	2025	2024
BLOX Nicholas Crypto Income ETF	36.81%	22.69%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	114.67%	142.99%	111.70%

Frequently Asked Questions

Can I hold both ULTY and BLOX in my portfolio?

ULTY and BLOX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTY or BLOX?

On fees, BLOX is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ULTY or BLOX?

BLOX is cheaper with a 1.03% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 114.67%, compared with 36.81% for BLOX.

What is the main difference between ULTY and BLOX?

ULTY is categorized as Derivative Income, while BLOX is Cryptocurrency. They also come from different issuers: YieldMax and Nicholas. Their fees differ too: 1.14% for ULTY and 1.03% for BLOX.