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ETF Comparison

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

A head-to-head comparison of Tidal Trust II - Nicholas Crypto Income ETF and YieldMax Bitcoin Option Income Strategy ETF covering yield, cost, risk, and income potential.

Data updated July 21, 2026

Nicholas Wealth Management
ETFs11
Total AUM$601M

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Nicholas Wealth Management operates a focused lineup of 10 ETFs that emphasize digital assets, income generation, and thematic investing strategies. The issuer's portfolio includes specialized funds targeting sectors such as blockchain (BLOX), precious metals (GLDN, SLVX), nuclear energy (NUKX), and digital finance (FIAX), alongside income-focused offerings. This niche positioning reflects the firm's focus on alternative and emerging investment themes rather than broad market exposure.

See our curated list of related YouTube videos on BLOX.

See all Nicholas Wealth Management ETFs
YieldMax
ETFs59
Total AUM$9.28B

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.

See all YieldMax ETFs

Side-by-side snapshot

BLOXYBIT
Full nameTidal Trust II - Nicholas Crypto Income ETFYieldMax Bitcoin Option Income Strategy ETF
IssuerNicholas Wealth ManagementYieldMax
Last Close$13.69 as of July 21, 2026$19.11 as of July 21, 2026
Distribution yield37.22%48.42%
Distribution Safety Score™ 5142
Expense ratio0.99%0.99%
AUM$275M$36.6M
Distribution frequencyWeeklyWeekly
Underlying indexBasket (Equity portfolio focused on crypto-related companies)Bitcoin
ObjectiveSeeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.Covered Call
Asset classEquityEquity
Inception date06/17/202507/18/2023
Beta3.11211.5424
Last dividend$0.0980$0.1780
Ex-dividend date07/17/202607/16/2026

Bottom lineChoose BLOX if you want crypto exposure that pays you along the way, not just price gains. Choose YBIT if you want to maximize current income — roughly 48.42%, generated by selling options premium. There's no free lunch: YBIT's payout comes from selling options, which caps upside and can erode the share price over time, while BLOX keeps full price exposure.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

BLOX has outpaced YBIT over the trailing twelve months, posting a -18.81% total return against -41.18%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 0.89% a year versus -33.17% for YBIT. YBIT has been the steadier holding, though — annualized volatility of 37.4% against 55.3% for BLOX. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1YSince Jun 2025Volatility Sharpe Sortino Max drawdown
BLOX-13.44%-18.81%0.89%55.3%-0.46-0.62-47.1%
YBIT-27.35%-41.18%-33.17%37.4%-1.55-1.98-47.5%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 20, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2025” measures every fund from June 17, 2025 — the youngest fund's first trading day — 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.

Quick verdict

BLOX (Tidal Trust II - Nicholas Crypto Income ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.

YBIT offers the higher yield at 48.42% vs 37.22% for BLOX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while YBIT tracks Bitcoin, which means their performance drivers differ.

BLOX is the larger fund by assets ($275M), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, BLOX would generate roughly $310.17/month, while YBIT would produce $403.50/month, at current distribution rates. Both pay weekly distributions.

BLOX yield37.22%
YBIT yield48.42%
Monthly diff on $10K$93.33

Cost & efficiency

Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $990 for YBIT (simplified, not compounded). Both charge the same expense ratio.

BLOX ER0.99%
YBIT ER0.99%

Strategy & risk

BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while YBIT tracks Bitcoin with a covered call approach. Beta is 3.1121 for BLOX and 1.5424 for YBIT, indicating YBIT is less volatile relative to the market.

BLOX beta3.1121
YBIT beta1.5424

Fund details

BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $275M in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $36.6M in assets.

BLOX AUM$275M
YBIT AUM$36.6M
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Frequently asked questions

Is BLOX or YBIT better for dividend income?

It depends on your goals. YBIT 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 YBIT?

BLOX (Tidal Trust II - Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while YBIT (YieldMax Bitcoin Option Income Strategy ETF) tracks Bitcoin with a covered call approach. They are issued by Nicholas Wealth Management and YieldMax respectively.

Can I hold both BLOX and YBIT?

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.

Which has lower fees, BLOX or YBIT?

BLOX and YBIT both charge the same expense ratio of 0.99%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

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

At current rates, $10,000 in BLOX would generate roughly $310.17 per month ($3,722.00 annually). The same in YBIT would produce about $403.50 per month ($4,842.00 annually).

Which has performed better historically, BLOX or YBIT?

BLOX has outpaced YBIT over the trailing twelve months, posting a -18.81% total return against -41.18%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 0.89% a year versus -33.17% for YBIT. YBIT has been the steadier holding, though — annualized volatility of 37.4% against 55.3% for BLOX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

BLOX vs YBIT — at a glance

Generated July 2026 from current fund data.

Overview

BLOX and YBIT are both weekly-income ETFs using options strategies to generate high distributions from crypto exposure, but they target different underlying assets. BLOX holds a diversified basket of crypto-related equities and overlays an options strategy for income, while YBIT uses a covered call strategy on direct Bitcoin exposure. The key distinction: BLOX offers equity-based crypto exposure with a 38.54% distribution yield; YBIT targets pure Bitcoin price movement with a higher 47.22% yield via call sales.

How they differ

The biggest difference is the underlying asset. BLOX invests in crypto-related companies (equity portfolio), whereas YBIT holds Bitcoin directly through a covered call overlay. This means BLOX carries equity risk—company-specific earnings, competition, regulation—on top of crypto volatility, while YBIT's returns are purely a function of Bitcoin price and the income generated by selling calls against it.

Second, YBIT's yield is materially higher at 47.22% versus BLOX's 38.54%, reflecting the aggressiveness of Bitcoin call sales versus equity-based options income. That higher yield comes with higher downside risk: YBIT's beta of 1.54 means it will move nearly twice as sharply as Bitcoin in a downturn, whereas BLOX's beta of 3.11 indicates amplified sensitivity to moves in the underlying crypto-equity basket.

Third, YBIT has longer operational track record (inception July 2023) compared to BLOX (June 2025), though both are young. YBIT's $46.7M AUM is substantially smaller than BLOX's $321M, which may affect liquidity and AUM stability for the newer YBIT.

Who each is best for

BLOX: Fits investors seeking exposure to the crypto industry through traditional equity companies while collecting weekly income from an options overlay, and who can tolerate significant price swings from a leveraged crypto-equity beta.

YBIT: Fits investors with conviction on Bitcoin's direction who want to harvest volatility through call sales, accept that capped upside is the tradeoff for weekly distributions, and prefer direct Bitcoin exposure over equity proxies.

Key risks to know

  • NAV erosion at ultra-high yields. Both funds distribute at rates above 38%, raising the likelihood that distributions include return-of-capital rather than economic earnings. This erodes net asset value over time unless the underlying asset appreciates enough to offset principal leakage.
  • Call cap limits upside in YBIT. By selling weekly calls, YBIT caps its gains if Bitcoin rallies sharply. In a strong bull market, call premium income may lag total Bitcoin return by a wide margin, leaving investors with capped appreciation and a deteriorating NAV if realized gains don't cover the distributions.
  • Equity-specific and crypto volatility in BLOX. The diversified equity portfolio introduces company-level risk (earnings misses, regulatory action on crypto-adjacent businesses) on top of Bitcoin's already high volatility, and the 3.11 beta amplifies moves in both directions.
  • Concentration and bitcoin-only risk in YBIT. Holding only Bitcoin with no diversification means YBIT absorbs 100% of Bitcoin's price risk. A prolonged Bitcoin decline has no offset from other holdings, and the high yield cannot compensate for deep principal losses.
  • Weekly rebalancing and expense leakage. Both funds rebalance options positions weekly, incurring trading costs within the 0.99% expense ratio. In low-volatility periods, options income may shrink while costs remain constant, potentially squeezing the yield that justifies the high distributions.

Bottom line

If you want diversified equity exposure to crypto companies and can accept a lower but still substantial weekly yield, BLOX offers broader ecosystem exposure with larger AUM. If you hold a conviction specifically on Bitcoin and are willing to accept capped upside in exchange for harvesting call premium, YBIT's direct Bitcoin exposure and higher yield may appeal—though both funds' distributions run the risk of principal erosion in flat or declining markets. 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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How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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