Which paid more, BLOX or ETCO?

Over the year to Nov 4, 2026, BLOX paid 24.2% of its starting price in cash and ETCO paid 40.5%, so ETCO paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, BLOX or ETCO?

With every distribution reinvested, BLOX returned −35.9% and ETCO −29.6% over the year to Nov 4, 2026.

Which is cheaper, BLOX or ETCO?

BLOX charges 0.99% a year and ETCO charges 0.65%, so ETCO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BLOX vs ETCO: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, ETCO paid 40.5% of its price in cash against BLOX’s 24.2%, and returned more with it reinvested.

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Net assets: $285m on Jul 31, 2026 for Nicholas Crypto Income ETF, and $3.5m on Jun 30, 2026 for Grayscale Ethereum High Income ETF.

BLOX on its own →ETCO on its own →

At a glance

24.2%

BLOX cash paid, 1 year

40.5%

ETCO cash paid, 1 year

−35.9%

BLOX total return, 1 year

−29.6%

ETCO total return, 1 year

BLOX · 1 year to Nov 4, 2026 50.7 pts behind SPY

BLOX

−35.9%

SPY

+14.8%

50.7 pts behind SPY

BLOX over 1 year: paid 24.2%, price −55.5%, total −35.9%, SPY +14.8%, −50.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

BLOX

−35.9%

50.7 pts behind SPY

Total return, distributions reinvested

50.7 pts behind SPY

BLOX over 1 year: paid 24.2%, price −55.5%, total −35.9%, SPY +14.8%, −50.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

BLOX

−35.9%

50.7 pts behind SPY

24.2% of it arrived as cash. Total return, distributions reinvested. BLOX over 1 year: paid 24.2%, price −55.5%, total −35.9%, SPY +14.8%, −50.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

ETCO · 1 year to Nov 4, 2026 4.9 pts behind Ether

ETCO

−29.6%

Ether

−24.7%

4.9 pts behind Ether

ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026.

Ether

−24.7%

ETCO

−29.6%

4.9 pts behind Ether

Total return, distributions reinvested

4.9 pts behind Ether

ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026.

Ether

−24.7%

ETCO

−29.6%

4.9 pts behind Ether

40.5% of it arrived as cash. Both charts share one scale, with zero at the line. ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ETCO costs 0.34 points a year less; their one-year returns differ by 6.3 points.

Points (pts) are percentage points.

BLOX vs ETCO: Dividend Yield & Total Return
Measure	BLOX	ETCO
Paid and earned
Measure	BLOX	ETCO
Total return, 1 year	−35.9%	−29.6%
Price change, 1 year	fell 55.5%	fell 64.0%
Return of capital, issuer estimate	0% of the Sep 28, 2026 payment
Against its benchmark
Measure	BLOX	ETCO
Benchmark	S&P 500, measured through SPY	Ether (ETH-USD)
Cost and size
Measure	BLOX	ETCO
Expense ratio	0.99%	0.65%
Net assets, BLOX as of Jul 31, 2026 and ETCO as of Jun 30, 2026	$285m	$3.5m
Holdings
Measure	BLOX	ETCO
Holdings in common	0%

ETFIQ Distribution Coverage Score · ETCO scores higher How much of what it paid out did its total return cover?

IQ Income Score2.1BLOX6.3ETCO

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

BLOX 2.1

ETCO 6.3

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Sep 12, 2025 to Oct 30, 2026 · 59 weekly returns

BLOX ETCO

Return

Total return edge BLOX −31.8% −52.7%

Annualized edge BLOX −28.6% −48.3%

Price return edge BLOX −54.9% −79.3%

Risk

Volatility edge ETCO 50.8% 44.6%

Max drawdown edge BLOX −43.0% −57.8%

Risk-adjusted

Sharpe edge BLOX −0.49 −1.32

Sortino edge BLOX −0.69 −1.46

Calmar edge BLOX −0.66 −0.84

Reading

From Sep 2025 to Oct 2026, BLOX returned more: −31.8% to −52.7%. ETCO swung less: 44.6% to 50.8%. BLOX fell less at its worst: −43.0% to −57.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BLOX vs ETCO: Dividend Yield & Total Return
Measure	BLOX	ETCO	Edge	How it is measured
Return
Total return	−31.8%	−52.7%	BLOX	Price change plus distributions, reinvested.
Annualized	−28.6%	−48.3%	BLOX	Total return as a yearly rate.
Price return	−54.9%	−79.3%	BLOX	Price change alone, distributions left out.
Risk
Volatility	50.8%	44.6%	ETCO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	35.8%	40.3%	BLOX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−43.0%	−57.8%	BLOX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.49	−1.32	BLOX	Return above Treasury bills per unit of volatility.
Sortino	−0.69	−1.46	BLOX	Return above Treasury bills per unit of downside deviation.
Calmar	−0.66	−0.84	BLOX	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 59 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BLOX and ETCO hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BLOX ETCO

Only in one fund ↓

Only in BLOX

Hut 8 Corp 8.23%

Nicholas Bitcoin and Treasuries AfterDark ETF 8.11%

Nicholas Bitcoin Tail ETF 7.11%

VanEck Bitcoin ETF 7.07%

iShares Ethereum Trust ETF 6.41%

Fidelity Wise Origin Bitcoin F 6.22%

Terawulf Inc 3.20%

Coinbase Global Inc 2.53%

Only in ETCO

Check overlap with more funds →

Side by side

BLOX Nicholas Crypto Income ETF · Option income on SPY, paying weekly ETCO Grayscale Ethereum High Income ETF · Covered call on Ether, paying monthly

Issuer Nicholas Grayscale

Strategy option income covered call

Benchmark S&P 500 (SPY) Ether (ETH-USD)

Pays weekly monthly

Payout rate, annualized 38.8% 19.6%

Expense ratio 0.99% 0.65%

Cash paid, 1 year 24.2% 40.5%

Price change, 1 year −55.5% −64.0%

Total return, 1 year −35.9% −29.6%

Benchmark return, 1 year +14.8% −24.7%

Ahead or behind −50.7 pts −4.9 pts

Return of capital, latest estimate 0% not published

Age 1.4 years 1.2 years

Net assets, BLOX as of Jul 31, 2026 and ETCO as of Jun 30, 2026 $285m $3.5m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BLOX vs ETCO: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BLOX	ETCO	BLOX	ETCO	BLOX	ETCO
3 months	−13.6%	+4.4%	8.9%	10.7%	−13.4 pts	−21.9 pts
6 months	−29.7%	−16.4%	14.6%	18.5%	−34.8 pts	−19.4 pts
1 year	−35.9%	−29.6%	24.2%	40.5%	−50.7 pts	−5.0 pts
Since launchNot the same days: BLOX Jun 2025 · ETCO Sep 2025	−10.5%	−46.9%	44.9%	39.5%	−41.0 pts	−3.5 pts

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Alert

About each fund

BLOX

Over the year to Nov 4, 2026, BLOX paid 24.2% of its starting value in cash distributions while its price fell 55.5%. With every distribution reinvested, the fund returned −35.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 50.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 38.8%, paid weekly. Nicholas estimates that 0% of the distribution paid Sep 28, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

ETCO

Over the year to Nov 4, 2026, ETCO paid 40.5% of its starting value in cash distributions while its price fell 64.0%. With every distribution reinvested, the fund returned −29.6%. Ether (ETH-USD) returned −24.7% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.6%, paid monthly.

Questions people ask

Which paid more, BLOX or ETCO?: Over the year to Nov 4, 2026, BLOX paid 24.2% of its starting price in cash and ETCO paid 40.5%, so ETCO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BLOX or ETCO?: With every distribution reinvested, BLOX returned −35.9% and ETCO −29.6% over the year to Nov 4, 2026.
Which is cheaper, BLOX or ETCO?: BLOX charges 0.99% a year and ETCO charges 0.65%, so ETCO is cheaper. Fees come from each fund's prospectus.

Other comparisons

BLOX vs EHY BLOX vs EHCC BLOX vs XEY BLOX vs YETH ETCO vs LFGY ETCO vs CEPI ETCO vs XBCI ETCO vs NEHI

Where to next

S&P 500 (SPY) →BLOX on its own →ETCO on its own →BLOX dividend history →BLOX holdings →ETCO dividend history →Method →Standards and sources →

Sources and dates

BLOX filings on SEC EDGAR ↗

BLOX prospectus with the expense ratio (SEC) ↗

BLOX 19a-1 distribution notice ↗

Nicholas website ↗

ETCO filings on SEC EDGAR ↗

ETCO prospectus with the expense ratio (SEC) ↗

Grayscale website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BLOX against ETCO, data as of Nov 4, 2026. https://etfiq.com/compare/income/blox-vs-etco

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.