ETF Comparison

BLOX vs LFGY: Which Is the Better Pick in 2026?

A head-to-head comparison of Nicholas Crypto Income ETF and YieldMax Crypto Industry & Tech Portfolio Option Income ETF covering yield, cost, risk, and income potential.

Data updated September 18, 2026

Best for

BLOXInvestors who want crypto exposure that pays you along the way, not just price gains.
LFGYInvestors who want to maximize current income — roughly 39.36%, generated by selling options premium.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

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.

BLOX has lagged LFGY over the trailing twelve months, posting a -12.67% total return against -0.16%. Measured from Jun 2025 — the start of shared available history — BLOX has compounded at 13.34% a year versus 8.94% for LFGY. LFGY has been the steadier holding, though — annualized volatility of 42.1% against 58.3% for BLOX. 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.
Symbol	YTD	1Y	Since Jun 2025	Volatility	Sharpe	Sortino	Max drawdown
BLOX	0.31%	-12.67%	13.34%	58.3%	-0.31	-0.43	-47.1%
LFGY	14.31%	-0.16%	8.94%	42.1%	-0.11	-0.15	-36.0%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	BLOX	LFGY
Full name	Nicholas Crypto Income ETF	YieldMax Crypto Industry & Tech Portfolio Option Income ETF
Issuer	Nicholas Wealth Management	YieldMax
Underlying index	Basket (Equity portfolio focused on crypto-related companies)	Basket (Crypto industry & technology equities)
Last Close	$14.40 as of September 18, 2026	$20.43 as of September 18, 2026
Distribution rate	32.72%	39.36%
Distribution Safety Score™	42	42
Safety-Adjusted Yield	13.74%	16.53%
Expense ratio	0.99%	1.02%
AUM	$314M	$110M
Distribution frequency	Weekly	Weekly
Objective	Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.	Seeks weekly income by holding a portfolio of U.S.-listed crypto industry and technology equities and generating premium through options written on those holdings and on related ETFs.
Asset class	Equity	Equity
Inception date	06/17/2025	01/13/2025
Beta	3.1121	2.2492
Last dividend	$0.0906 declared, pays 09/21/2026	$0.1546
Ex-dividend date	09/18/2026	09/16/2026

Bottom lineChoose BLOX if you want crypto exposure that pays you along the way, not just price gains. Choose LFGY if you want to maximize current income — roughly 39.36%, generated by selling options premium. BLOX and LFGY both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.

How the risk works

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 and LFGY 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 and LFGY 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.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Nicholas Wealth Management

ETFs14

Total AUM$716M

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.

See all Nicholas Wealth Management ETFs

YieldMax

ETFs61

Total AUM$9.59B

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 LFGY.

See all YieldMax ETFs

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Quick verdict

BLOX (Nicholas Crypto Income ETF) and LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) are both weekly-pay dividend ETFs, but they take different approaches.

LFGY offers the higher yield at 39.36% vs 32.72% for BLOX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

BLOX is cheaper with an expense ratio of 0.99% compared to 1.02%.

They have different reference exposures: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while LFGY is linked to Basket (Crypto industry & technology equities), which means their performance drivers differ.

BLOX is the larger fund by assets ($314M), but assets alone do not establish trading costs or liquidity.

Who should choose each?

Choose BLOX

Nicholas Crypto Income ETF

Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.99% expense ratio vs 1.02% for LFGY.

Choose LFGY

YieldMax Crypto Industry & Tech Portfolio Option Income ETF

Want to maximize current income — LFGY distributes roughly 39.36% from selling options premium, vs 32.72% for BLOX.
Want crypto exposure that pays income rather than waiting on price alone.
Prefer lower volatility — a beta of 2.2 vs 3.1 for BLOX.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

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Deep dive

Yield & income

On a $10,000 investment, BLOX would generate roughly $272.67/month, while LFGY would produce $328.00/month, at current distribution rates. Both pay weekly distributions.

BLOX yield32.72%

LFGY yield39.36%

Monthly diff on $10K$55.33

Cost & efficiency

Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $1,020 for LFGY (simplified, not compounded). The $30.00 difference may be offset by yield or performance.

BLOX ER0.99%

LFGY ER1.02%

Strategy & risk

BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while LFGY tracks Basket (Crypto industry & technology equities) with a covered call approach. Beta is 3.1121 for BLOX and 2.2492 for LFGY, making LFGY the less volatile of the two by this measure.

BLOX beta3.1121

LFGY beta2.2492

Fund details

BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $314M in assets. LFGY is managed by YieldMax (launched 01/13/2025) with $110M in assets.

BLOX AUM$314M

LFGY AUM$110M

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Frequently asked questions

What is the current distribution rate for BLOX and LFGY?

BLOX currently distributes 32.72% and LFGY 39.36%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is BLOX or LFGY better for dividend income?

It depends on your goals. LFGY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between BLOX and LFGY?

BLOX (Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) tracks Basket (Crypto industry & technology equities) with a covered call approach. They are issued by Nicholas Wealth Management and YieldMax respectively.

Can I hold both BLOX and LFGY?

Yes — nothing prevents holding both. 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.

Is BLOX or LFGY safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: BLOX scores 42, LFGY scores 42. Neither has a clear safety edge on that measure. LFGY has also shown lower price volatility (beta 2.25 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 lower fees, BLOX or LFGY?

BLOX has an expense ratio of 0.99% while LFGY charges 1.02%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BLOX vs LFGY generate?

At current rates, $10,000 in BLOX would generate roughly $272.67 per month ($3,272.00 annually). The same in LFGY would produce about $328.00 per month ($3,936.00 annually).

Which has performed better historically, BLOX or LFGY?

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Dividend dates and history

BLOX vs LFGY — at a glance

Generated September 20, 2026.

Overview

BLOX and LFGY are both weekly-income ETFs that use covered call and options strategies to generate high distributions from crypto-related equity portfolios. BLOX focuses on crypto-related companies with a 32.72% distribution rate and $314M in assets. LFGY targets crypto industry and technology equities with a 39.36% distribution rate and $110M in assets. The critical distinction is their beta profiles and distribution yields: LFGY offers higher income but carries lower volatility relative to the underlying crypto sector, while BLOX's higher beta reflects more direct crypto sensitivity alongside a lower stated yield.

How they differ

LFGY's 39.36% yield exceeds BLOX's 32.72% by 2.64 percentage points, yet LFGY carries a beta of 2.2492 compared to BLOX's 3.1121—a meaningful gap that suggests LFGY's options overlay is generating premium more efficiently relative to underlying price swings. Both charge similar expense ratios (0.99% and 1.02%, respectively), so the yield gap is not offset by fee differences. BLOX is the larger fund with $314M in AUM versus $110M for LFGY. BLOX has been active longer, launched 06/17/2025, while LFGY is newer at 01/13/2025. Both deploy weekly distributions and covered-call strategies, but their underlying baskets differ in composition—BLOX targets broader crypto-related companies, while LFGY specifically emphasizes crypto industry and technology equities.

Who each is best for

BLOX: Fits investors seeking crypto-sector equity exposure with weekly income who accept higher volatility and can tolerate a beta above 3 in exchange for a simpler, larger fund with a more established track record.

LFGY: Fits investors prioritizing maximum weekly income from crypto and tech equities while preferring less correlated price swings relative to the underlying crypto market—the lower beta suggests the options premium cushions drawdowns. Covered-call strategies generate premium by capping upside; if underlying crypto equities stagnate or decline, distributions may increasingly rely on capital return rather than earnings, eroding principal over time.

Crypto-equity concentration and sector volatility. Both funds hold baskets of crypto-related companies, not direct crypto assets. These equities are sensitive to regulatory news, sentiment shifts, and crypto adoption cycles; their highly correlated movements mean portfolio diversification offers limited protection during sector downturns.

Options assignment and forced selling. Covered calls cap gains when crypto equities rally sharply. Frequent assignment (especially with weekly call writing) can force sales at suboptimal prices and disrupt the intended holding period, locking in losses if the underlying rebounds.

Fund-age and strategy unknowns. LFGY launched 01/13/2025 and BLOX 06/17/2025—both are young. Weekly distributions and aggressive yield targets mean the funds have had limited time to demonstrate behavior during a full market cycle, making historical risk and return profiles provisional.

Beta divergence and leverage risk. BLOX's beta of 3.1121 is substantially higher than LFGY's 2.2492, implying either greater underlying leverage or direct equity exposure without call-writing dampening. Higher beta increases drawdown severity and recovery time during downturns.

Bottom line

If you prioritize maximum current income and can accept lower relative volatility through an options overlay, LFGY's 39.36% yield stands out; if you value a larger, slightly longer-running fund with direct crypto-equity exposure despite higher beta, BLOX fits that profile. Neither fund is suitable for investors uncomfortable with weekly distributions dependent on continued options premium or who expect crypto equities to appreciate meaningfully—the covered-call caps will likely underperform in a sustained rally. Past performance does not predict future results.

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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