ETF Comparison
BLOX vs ULTY: Which Is the Better Pick in 2026?
A head-to-head comparison of Tidal Trust II - Nicholas Crypto Income ETF and YieldMax Ultra Option Income Strategy ETF covering yield, cost, risk, and income potential.
Data updated April 12, 2026
Side-by-side snapshot
| BLOX | ULTY | |
|---|---|---|
| Full name | Tidal Trust II - Nicholas Crypto Income ETF | YieldMax Ultra Option Income Strategy ETF |
| Issuer | Nicholas Wealth Management | YieldMax |
| Price | $14.30 | $31.02 |
| Distribution yield | 34.73% | 69.32% |
| Expense ratio | 0.99% | 1.30% |
| AUM | $205M | $873M |
| Distribution frequency | Weekly | Weekly |
| Underlying index | Basket (Equity portfolio focused on crypto-related companies) | Basket (High Volatility stocks) |
| Objective | Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions. | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 03/01/2024 | 02/21/2024 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.09 | $0.42 |
| Ex-dividend date | 04/10/2026 | 04/08/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
BLOX (Tidal Trust II - Nicholas Crypto Income ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both popular weekly-pay seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions. ETFs, but they take different approaches.
ULTY offers the higher yield at 69.32% vs 34.73% 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 1.30%.
They track different benchmarks: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while ULTY tracks Basket (High Volatility stocks), which means their performance drivers differ.
ULTY is the larger fund by assets ($873M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BLOX would generate roughly $289.42/month while ULTY would produce $577.67/month at current distribution rates. Both pay weekly distributions.
Cost & efficiency
Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $1,300 for ULTY (simplified, not compounded). The $310.00 difference may be offset by yield or performance.
Strategy & risk
BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with a seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions. approach, while ULTY tracks Basket (High Volatility stocks) using a covered call strategy. Beta is 0.0 for BLOX and 0.0 for ULTY, indicating ULTY is less volatile relative to the market.
Fund details
BLOX is managed by Nicholas Wealth Management (launched 03/01/2024) with $205M in assets. ULTY is managed by YieldMax (launched 02/21/2024) with $873M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is BLOX or ULTY better for dividend income?
It depends on your goals. ULTY 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 ULTY?
BLOX (Tidal Trust II - Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with a seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions. strategy, while ULTY (YieldMax Ultra Option Income Strategy ETF) tracks Basket (High Volatility stocks) with a covered call approach. They are issued by Nicholas Wealth Management and YieldMax respectively.
Can I hold both BLOX and ULTY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, BLOX or ULTY?
BLOX has an expense ratio of 0.99% while ULTY charges 1.30%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BLOX vs ULTY generate?
At current yields, $10,000 in BLOX would generate roughly $289.42 per month ($3,473.00 annually). The same in ULTY would produce about $577.67 per month ($6,932.00 annually).
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