XRPC vs. BLOX

Last updated Jun 4, 2026

XRPC (Canary XRP ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. XRPC charges 0.50%/yr vs 1.03%/yr for BLOX.

Performance

XRPC vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary XRP ETF (XRPC) 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, XRPC achieves a -34.29% return, which is significantly lower than BLOX's 16.52% return.

XRPC

• 1D: -1.39%
• 1M: -14.06%
• YTD: -34.29%
• 6M: -45.45%
• 1Y: —
• 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)

XRPC vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
XRPC Canary XRP ETF	-34.29%	-20.79%
BLOX Nicholas Crypto Income ETF	16.52%	-6.77%

Correlation

The correlation between XRPC and BLOX is 0.75, 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 Nov 14, 2025	0.75

Return for Risk

XRPC vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary XRP ETF (XRPC) 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

	XRPC	BLOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	0.54	-1.46

Drawdowns

XRPC vs. BLOX - Drawdown Comparison

The maximum XRPC drawdown since its inception was -48.85%, roughly equal to the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for XRPC and BLOX.

Drawdown Indicators

	XRPC	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-48.85%	-47.09%	-1.76%
Current Drawdown Current decline from peak	-48.24%	-19.45%	-28.79%
Average Drawdown Average peak-to-trough decline	-29.50%	-18.53%	-10.97%

Volatility

Volatility by Period

	XRPC	BLOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.88%	53.44%	+22.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.88%	53.44%	+22.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.88%	53.44%	+22.44%

XRPC vs. BLOX - Expense Ratio Comparison

XRPC has a 0.50% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

XRPC vs. BLOX - Dividend Comparison

XRPC has not paid dividends to shareholders, while BLOX's dividend yield for the trailing twelve months is around 36.81%.

Position	TTM	2025
BLOX Nicholas Crypto Income ETF	36.81%	22.69%
XRPC Canary XRP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPC and BLOX in my portfolio?

XRPC and BLOX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPC or BLOX?

On fees, XRPC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPC or BLOX?

XRPC is cheaper with a 0.50% expense ratio, compared with 1.03% for BLOX.

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

BLOX has the higher dividend yield at 36.81%, compared with 0.00% for XRPC.

What is the main difference between XRPC and BLOX?

They also come from different issuers: Canary Capital and Nicholas. Their fees differ too: 0.50% for XRPC and 1.03% for BLOX.