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 has lagged XBCI over the shared window since Feb 2026, posting a 4.41% total return against 8.81%. 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 October 2, 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 Feb 2026” measures every fund from February 3, 2026 — 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 shared window since Feb 2026. 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 shared window since Feb 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
Metric
BLOX
XBCI
Forward distribution rate
36.54%
36.27%
Trailing 12-month yield
44.73%
25.45%
30-day SEC yield
—
1.12%
Total return (price change plus reinvested distributions) is the Total returns section above. 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.
“The NEOS Boosted Bitcoin High Income ETF (the ‘Fund’) seeks to boost performance by generating
high monthly income with the potential for appreciation based on exposure to exchange‑traded
products (‘ETPs’) that have direct exposure to Bitcoin.”
Bottom lineChoose BLOX if you want a covered-call overwrite written on the holdings themselves. Choose XBCI if you want index call spreads structured for Section 1256 tax treatment. BLOX and XBCI 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 XBCI 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 XBCI 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.
Daily leverage reset. XBCI targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
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 XBCI.
BLOX (Nicholas Crypto Income ETF) and XBCI (NEOS Boosted Bitcoin High Income ETF) are both dividend ETFs, but they take different approaches.
BLOX offers the higher yield at 36.54% vs 36.27% for XBCI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
XBCI is cheaper with an expense ratio of 0.98% compared to 0.99%.
They have different reference exposures: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while XBCI is linked to Bitcoin, which means their performance drivers differ.
BLOX is the larger fund by assets ($304M), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose BLOX
Nicholas Crypto Income ETF
Want a covered-call overwrite on the stocks the fund holds.
Want crypto exposure that pays income rather than waiting on price alone.
Choose XBCI
NEOS Boosted Bitcoin High Income ETF
Want index call spreads structured for Section 1256 tax treatment.
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.98% expense ratio vs 0.99% for BLOX.
Prefer lower volatility — a beta of 2.3 vs 3.1 for BLOX.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track BLOX & XBCI for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, BLOX would generate roughly $70.27 cash per distribution, while XBCI would produce $302.25 cash per distribution, at current distribution rates.
BLOX yield36.54%
XBCI yield36.27%
Cash diff on $10K$231.98
Cost & efficiency
Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $980 for XBCI (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
BLOX ER0.99%
XBCI ER0.98%
Strategy & risk
BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while XBCI tracks Bitcoin with a crypto approach. Beta is 3.1121 for BLOX and 2.2537 for XBCI, making XBCI the less volatile of the two by this measure.
BLOX beta3.1121
XBCI beta2.2537
Fund details
BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $304M in assets. XBCI is managed by NEOS (launched 02/03/2026) with $201M in assets.
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Frequently asked questions
What is the current distribution rate for BLOX and XBCI?
BLOX currently distributes 36.54% and XBCI 36.27%, based on fund data updated October 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 XBCI better for dividend income?
It depends on your goals. BLOX 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 XBCI?
BLOX (Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while XBCI (NEOS Boosted Bitcoin High Income ETF) tracks Bitcoin with a crypto approach. They are issued by Nicholas Wealth Management and NEOS respectively.
Can I hold both BLOX and XBCI?
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 XBCI safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — BLOX scores 44, XBCI scores 36, so BLOX's payout currently looks the more resilient of the two. XBCI 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 XBCI?
BLOX has an expense ratio of 0.99% while XBCI charges 0.98%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BLOX vs XBCI generate?
At current rates, $10,000 in BLOX would generate roughly $70.27 cash per distribution ($3,654.00 annually). The same in XBCI would produce about $302.25 cash per distribution ($3,627.00 annually).
Which has performed better historically, BLOX or XBCI?
BLOX has lagged XBCI over the shared window since Feb 2026, posting a 4.41% total return against 8.81%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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