XYZY vs. BLOX

Last updated Jun 4, 2026

XYZY (YieldMax XYZ Option Income Strategy ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - XYZY is a Derivative Income fund actively managed by YieldMax, while BLOX is a Cryptocurrency fund actively managed by Nicholas. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. XYZY charges 0.99%/yr vs 1.03%/yr for BLOX.

Performance

XYZY vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax XYZ Option Income Strategy ETF (XYZY) 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, XYZY achieves a -1.01% return, which is significantly lower than BLOX's 16.52% return.

XYZY

• 1D: -5.22%
• 1M: -4.39%
• YTD: -1.01%
• 6M: 6.08%
• 1Y: -0.20%
• 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)

XYZY vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
XYZY YieldMax XYZ Option Income Strategy ETF	-1.01%	-0.13%
BLOX Nicholas Crypto Income ETF	16.52%	9.24%

Correlation

The correlation between XYZY and BLOX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.45

Return for Risk

XYZY vs. BLOX — Risk / Return Rank

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

XYZY

XYZY Risk / Return Rank: 9
XYZY Sharpe Ratio Rank: 8
XYZY Sortino Ratio Rank: 10
XYZY Omega Ratio Rank: 10
XYZY Calmar Ratio Rank: 9
XYZY Martin Ratio Rank: 9

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.

XYZY vs. BLOX - Risk-Adjusted Trends Comparison

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

	XYZY	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	—	—
Sortino ratio: Return per unit of downside risk	0.26	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	-0.01	—	—
Martin ratio: Return relative to average drawdown	-0.01	—	—
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

	XYZY	BLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.54	-0.35

Drawdowns

XYZY vs. BLOX - Drawdown Comparison

The maximum XYZY drawdown since its inception was -52.30%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for XYZY and BLOX.

Drawdown Indicators

	XYZY	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-47.09%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-37.72%	—	—
Current Drawdown Current decline from peak	-37.84%	-19.45%	-18.39%
Average Drawdown Average peak-to-trough decline	-21.82%	-18.53%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	—	—

Volatility

Volatility by Period

	XYZY	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.83%	53.44%	-14.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.20%	53.44%	-11.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.20%	53.44%	-11.24%

XYZY vs. BLOX - Expense Ratio Comparison

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

Dividends

XYZY vs. BLOX - Dividend Comparison

XYZY's dividend yield for the trailing twelve months is around 109.42%, more than BLOX's 36.81% yield.

Position	TTM	2025	2024	2023
BLOX Nicholas Crypto Income ETF	36.81%	22.69%	0.00%	0.00%
XYZY YieldMax XYZ Option Income Strategy ETF	109.42%	95.35%	62.54%	9.85%

Frequently Asked Questions

Can I hold both XYZY and BLOX in my portfolio?

XYZY and BLOX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYZY or BLOX?

On fees, XYZY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYZY or BLOX?

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

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

XYZY has the higher dividend yield at 109.42%, compared with 36.81% for BLOX.

What is the main difference between XYZY and BLOX?

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