WPAY vs. BLOX

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Nicholas Crypto Income ETF (BLOX).

WPAY and BLOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. BLOX is an actively managed fund by Nicholas. It was launched on Jun 16, 2025.

Performance

WPAY vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
BLOX Nicholas Crypto Income ETF	-18.45%	-6.92%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly higher than BLOX's -18.45% return.

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLOX

• 1D: 0.46%
• 1M: -12.15%
• YTD: -18.45%
• 6M: -37.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. BLOX - Expense Ratio Comparison

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

BLOX

Nicholas Crypto Income ETF

WPAY

Roundhill WeeklyPay™ Universe ETF

Return for Risk

WPAY vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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

	WPAY	BLOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	-0.25	-0.54

Correlation

The correlation between WPAY and BLOX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WPAY vs. BLOX - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than BLOX's 42.04% yield.

	TTM	2025
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%
BLOX Nicholas Crypto Income ETF	42.04%	22.69%

Drawdowns

WPAY vs. BLOX - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for WPAY and BLOX.

Drawdown Indicators

	WPAY	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-47.09%	+20.92%
Current Drawdown Current decline from peak	-25.35%	-43.63%	+18.28%
Average Drawdown Average peak-to-trough decline	-11.92%	-16.70%	+4.78%

Volatility

Volatility by Period

	WPAY	BLOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	55.26%	-26.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	55.26%	-26.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	55.26%	-26.43%