Dividend comparison

YBTC vs BLOX: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Roundhill Investments - Bitcoin Covered Call Strategy ETF and Nicholas Crypto Income ETF, side by side. Updated October 21, 2026.

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YBTC vs BLOX: key differences
The short answer, from the latest data on this page.
  • Fees. YBTC is cheaper at 0.95% a year versus 0.99% for BLOX. On $10,000 that is $4 a year less in fees.
  • Income. YBTC pays more income, yielding 56.01% over the last twelve months versus 51.19% for BLOX. That is about $482 more a year on $10,000. YBTC pays monthly, BLOX pays weekly.
  • Performance. Over the last 1 year, YBTC returned -49.8% versus -53.0% for BLOX, with dividends reinvested. $10,000 would have grown to $5,016 in YBTC and $4,701 in BLOX.
  • Risk. YBTC has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -62.1%, against -56.3% for BLOX.

Bottom line: YBTC fits better if you care most about lower fees, more income today and stronger 1-year returns. BLOX fits better if you care most about smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricYBTC
Roundhill Investments - Bitcoin Covered Call Strategy ETF
BLOX
Nicholas Crypto Income ETF
Dividend yield (TTM)56.01%51.19%
Dividend / share (TTM)$10.51$5.93
Payout frequencyMonthlyWeekly
Last dividend$0.1129 on Oct 15, 2026$0.0878 on Oct 19, 2026
Ex-dividend dateOct 14, 2026Oct 16, 2026
Price$18.76$11.73
Beta1.012.96
Max drawdown (5Y)-62.1%-56.3%
Market cap$140.1M$13.4M
ExchangeCBOEAMEX
Expense ratio0.95%0.99%
Assets under management$141.8M$259.2M
Number of holdings6—
Top 10 concentration211.7%—
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

YBTC

$466.75/mo

$5601 /yr at 56.01% yield

BLOX

$426.60/mo

$5119 /yr at 51.19% yield

Dividend history
Total dividends paid per share in each calendar year. YBTC pays monthly; BLOX pays weekly.
YearYBTCBLOX
2025$20.2469—
Strategy: Crypto-linked income
The most aggressive category on the site: funds that take exposure to bitcoin or a crypto-linked stock, usually through options or futures rather than by owning the asset, and sell calls against it to generate large distributions. Extreme implied volatility is what funds the payout, and the same volatility is what makes the exposure underneath unpredictable. Fees are around 1% a year and the exposure is often synthetic, so what you own is a set of derivative contracts, not the asset itself.

Distributions vary sharply, have included return of capital, and upside is capped while downside is not, so net asset value can fall a long way even in periods when the payments keep arriving.

What YBTC vs BLOX actually do

YBTC
A Roundhill fund that builds synthetic bitcoin exposure with options and sells weekly calls against it for income.

It does not own bitcoin or a bitcoin fund. Instead it holds long calls and short puts at matching strikes on a bitcoin ETF, which together replicate the price movement of the reference asset, with Treasuries posted as collateral. Against that synthetic position it writes weekly call options, so upside is capped every single week while the full downside of bitcoin passes through unhedged.

Suits a holder who wants frequent cash flow from a bitcoin allocation and understands that a weekly cap plus uncapped downside is an asymmetric bargain. Not appropriate for anyone treating it as a way to own bitcoin, because in a sustained rally the capped structure will fall a long way behind the asset it references.

Speculative income, very high volatility

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 17, 2025 would now be worth $4,962 in YBTC and $7,020 in BLOX.
PeriodYBTCBLOX
1 month0.70%-18.54%
3 months5.22%-9.56%
Year to date-34.06%-32.51%
1 year-49.84%-52.99%
3 years——
5 years——
  • YBTC
  • BLOX
3599164202520265070

Both series indexed to 100 on 2025-06-17 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • YBTC
  • BLOX
0%25%50%75%100%Cash & Others100.0%Financial Services64.4%Technology35.6%
Top 10 holdings
Largest positions by portfolio weight.

YBTC6 holdings total

NameWeight
912797VA2United States Treasury Bill 12/03/202693.32%
912797UJ4United States Treasury Bill 10/08/202690.20%
4IBIT 260821C00036440IBIT 08/21/2026 36.44 C12.98%
4IBIT 260918C00043870IBIT 09/18/2026 43.87 C6.49%
FGXXXFirst American Government Obligations Fund 12/01/20315.75%
4IBIT 261016C00045860IBIT 10/16/2026 45.86 C3.15%
4IBIT 260821P00036440IBIT 08/21/2026 36.44 P-0.01%
4IBIT 260814C00037890IBIT 08/14/2026 37.89 C-0.03%
4IBIT 260731C00037930IBIT 07/31/2026 37.93 C-0.03%
4IBIT 260724C00037510IBIT 07/24/2026 37.51 C-0.15%

Quick verdict

YBTC fits better if you care most about lower fees, more income today and stronger 1-year returns. BLOX fits better if you care most about smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is YBTC or BLOX better for dividend income?
It depends on your goals. YBTC currently yields 56.01% Trailing Twelve Months (TTM) while BLOX yields 51.19%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between YBTC and BLOX?
Roundhill Investments - Bitcoin Covered Call Strategy ETF (YBTC) is an ETF listed on CBOE. Nicholas Crypto Income ETF (BLOX) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, YBTC or BLOX?
YBTC has the lower expense ratio. YBTC charges 0.95% a year and BLOX charges 0.99%, a difference of $4 a year on a $10,000 investment.
Which has performed better, YBTC or BLOX?
Over the last 1 year, YBTC has the higher total return with dividends reinvested: YBTC returned -49.8% and BLOX returned -53.0%. Past performance does not predict future returns.
Which is riskier, YBTC or BLOX?
Measured by the worst peak-to-trough decline over the last five years, YBTC has been riskier: YBTC fell as much as 62.1% and BLOX as much as 56.3%. Their betas are 1.01 and 2.96.
How often do YBTC and BLOX pay dividends?
YBTC pays monthly and BLOX pays weekly.
How much income does $10,000 in YBTC vs BLOX generate?
At current TTM yields, $10,000 in YBTC would generate roughly $466.75 per month ($5601 annually). The same amount in BLOX would produce about $426.60 per month ($5119 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both YBTC and BLOX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare YBTC vs BLOX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how YBTC and BLOX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.