Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
BLOX tops the group over the trailing twelve months with a -19.51% total return, against BTCI at -25.63% and YBIT at -26.49%. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jun 2025” measures every fund from June 17, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate, SEC yield and return of capital
Metric
BLOX
BTCI
YBIT
Forward distribution rate
39.85%
25.54%
40.33%
Trailing 12-month yield
45.55%
30.03%
77.11%
30-day SEC yield
—
1.35%
2.21%
Return of capital
—
—
94.71%
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.
Seeks to generate high monthly income with potential appreciation through bitcoin exposure.
Actively managed fund that seeks weekly income while providing indirect exposure to the share price of U.S.-listed bitcoin exchange-traded products, subject to a limit on potential gains.
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. BLOX, BTCI, and YBIT generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
Crypto volatility. BLOX, BTCI, and YBIT sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Nicholas Wealth Management is known for offering specialized ETFs across digital assets, income generation, and thematic investing strategies. Their fund lineup spans emerging asset classes including cryptocurrency and blockchain exposure, traditional income-focused strategies, and sector-specific themes ranging from nuclear energy to nightlife, appealing to investors seeking both alternative investments and targeted sector exposure. The issuer maintains a focused but diversified portfolio of tickers that caters to both conventional income seekers and those pursuing niche, forward-looking investment themes.
See our curated list of related YouTube videos on BLOX.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on BTCI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on YBIT.
BLOX (Nicholas Crypto Income ETF), BTCI (NEOS Bitcoin High Income ETF), YBIT (YieldMax Bitcoin Option Income Strategy ETF) are dividend ETFs that take different approaches.
YBIT offers the highest reported yield at 40.33%, followed by BLOX at 39.85%, BTCI at 25.54%.
BTCI is the cheapest with an expense ratio of 0.98%, compared to 0.99% for BLOX and 1.02% for YBIT.
BTCI is the largest fund by assets ($1.38B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment: BLOX generates ~$76.63 cash per distribution, BTCI generates ~$212.83 cash per distribution, YBIT generates ~$77.56 cash per distribution at current distribution rates.
BLOX yield39.85%
BTCI yield25.54%
YBIT yield40.33%
Cost & efficiency
Over 10 years on $10,000: BLOX costs ~$990, BTCI costs ~$980, YBIT costs ~$1,020 in fees (simplified, not compounded).
BLOX ER0.99%
BTCI ER0.98%
YBIT ER1.02%
Strategy & risk
BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach; BTCI tracks Bitcoin ETPs with a crypto approach; YBIT is actively managed around Bitcoin exposure with a covered call approach.
BLOX beta3.1121
BTCI beta1.48
YBIT beta1.5424
Fund details
BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $304M in assets. BTCI is managed by NEOS (launched 10/16/2024) with $1.38B in assets. YBIT is managed by YieldMax (launched 04/22/2024) with $62.0M in assets.
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Frequently asked questions
What is the difference between BLOX and BTCI?
They do not sit on the same book. BLOX (Nicholas Crypto Income ETF) holds crypto-related equities and sells options weekly. BTCI (NEOS Bitcoin High Income ETF) overlays bitcoin ETPs for monthly cash. YBIT (YieldMax Bitcoin Option Income Strategy ETF) is a YieldMax bitcoin overlay. Cost is 0.99%, 0.98%, and 1.02%; distributions are 39.85%, 25.54%, and 40.33% as of September 2026. Crypto stocks versus bitcoin itself is the first decision.
Which of BLOX, BTCI, YBIT is best for dividend income?
It depends on your goals. YBIT currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between BLOX, BTCI, YBIT?
BLOX (Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, issued by Nicholas Wealth Management. BTCI (NEOS Bitcoin High Income ETF) tracks Bitcoin ETPs with a crypto approach, issued by NEOS. YBIT (YieldMax Bitcoin Option Income Strategy ETF) is actively managed around Bitcoin exposure with a covered call approach, issued by YieldMax.
Can I hold BLOX, BTCI, YBIT together?
Yes — nothing prevents holding them together. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which of BLOX, BTCI and YBIT is safest?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — YBIT scores 79, BTCI scores 51, BLOX scores 43, so YBIT's payout currently looks the more resilient of the group. BTCI has also shown lower price volatility (beta 1.48 vs 3.11 for BLOX). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has the lowest fees among BLOX, BTCI, YBIT?
BLOX has an expense ratio of 0.99%, BTCI has an expense ratio of 0.98%, YBIT has an expense ratio of 1.02%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in BLOX yields ~$76.63 cash per distribution ($3,985.00/year). $10,000 in BTCI yields ~$212.83 cash per distribution ($2,554.00/year). $10,000 in YBIT yields ~$77.56 cash per distribution ($4,033.00/year).
Explore related screeners
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Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Overview
BLOX, BTCI, and YBIT are three cryptocurrency-focused ETFs that generate income through options strategies overlaid on crypto exposure. All three distribute yields in the 25–48% range, but they differ fundamentally in their underlying asset, options frequency, and structural constraint on capital appreciation.
How they differ
The biggest difference is their underlying exposure. Notably, YBIT explicitly caps upside through its options structure—a feature neither BTCI nor BLOX disclose—making it a synthetic income play with principal preservation as a secondary goal.
YBIT: Suits investors whose primary goal is regular income (weekly) from bitcoin without significant upside capture, who can tolerate the tradeoff of capped gains for downside mitigation, and who accept a newer, smaller fund structure.
Options-derived capped upside and roll risk.YBIT explicitly limits capital gains through its derivative overlay; BLOX and BTCI use covered calls, which similarly cap appreciation during rallies. Rebalancing or rolling calls at unfavorable terms could amplify opportunity cost if markets surge. This amplified leverage increases drawdown severity during crypto downturns.
Structural freshness and operating track record.BLOX launched 1 year, YBIT launched 2 years, and BTCI launched 1 year. None has weathered a full market cycle; early-stage options strategies and manager experience in crypto volatility remain unproven. All three distribute yields that far exceed underlying asset returns, making them unsuitable as long-term buy-and-hold wealth builders—they are income-harvesting vehicles with embedded principal decay. Past performance does not predict future results, and these strategies have limited operating history in volatile markets.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
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The metrics behind this comparison, explained in the Academy.
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