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 8, 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 40.23%, generated by selling options premium.
Editor's take
Our take
BLOX
Updated Jul 8, 2026
BLOX is one of the more aggressive income products on the market: it sells options against a basket of crypto-related equities — not Bitcoin itself — and passes the premium through as a weekly distribution. That enormous headline rate is the draw and the catch in equal measure.
The rate is not a yield. Much of each distribution is option premium and, in flat or falling markets, a return of your own capital. Judge BLOX on total return (price plus distributions), not the posted rate.
It trades like leveraged crypto. Its beta sits well above the market, so it can swing several times as hard; in a crypto drawdown the NAV and the payout tend to fall together.
Built as a satellite, not a core. It fits income investors who specifically want crypto exposure to pay them now and who size the position for that volatility — not a set-and-forget holding.
YBIT
Updated Jul 8, 2026
YBIT runs a covered-call strategy directly on Bitcoin: it holds Bitcoin exposure and sells call options against it to manufacture a large weekly payout. The catch is baked into the mechanics.
It caps the upside you came for. Covered calls surrender Bitcoin's explosive rallies — the exact reason most people own crypto. In a sharp run, YBIT badly trails spot.
Big income, real erosion risk. The weekly distribution is eye-catching, but in flat or falling markets the NAV can bleed while the payout keeps flowing from your own capital.
A tactical income sleeve. It suits investors who want cash flow from Bitcoin now and knowingly give up the tail — not a way to bet on Bitcoin appreciating.
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.
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.
Basket (Equity portfolio focused on crypto-related companies)
Bitcoin
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
06/17/2025
07/18/2023
Beta
3.1121
1.5424
Last dividend
$0.1080
$0.1490
Ex-dividend date
07/06/2026
07/09/2026
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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 -4.80% total return against -40.88%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 5.46% a year versus -37.01% for YBIT. YBIT has been the steadier holding, though — annualized volatility of 37.5% against 54.5% for BLOX. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 7, 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 40.23% vs 39.16% 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 ($321M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BLOX would generate roughly $326.33/month, while YBIT would produce $335.25/month, at current distribution rates. Both pay weekly distributions.
BLOX yield39.16%
YBIT yield40.23%
Monthly diff on $10K$8.92
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 a crypto 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 $321M in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $46.7M in assets.
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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 a crypto 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. 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 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 $326.33 per month ($3,916.00 annually). The same in YBIT would produce about $335.25 per month ($4,023.00 annually).
Which has performed better historically, BLOX or YBIT?
BLOX has outpaced YBIT over the trailing twelve months, posting a -4.80% total return against -40.88%. Measured from Jun 2025 — when the younger fund began trading — BLOX has compounded at 5.46% a year versus -37.01% for YBIT. YBIT has been the steadier holding, though — annualized volatility of 37.5% against 54.5% for BLOX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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