Hashdex Nasdaq Crypto Index US ETF
$20.82+0.04 (+0.17%)
- 0.25%
- $482M
- −32.9%
- 0.1M sh
- $20.63
- low $14.38high $31.17
The ETF.net NCIQ Grade
B
Score 69 out of 100
- 2 of 10
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 3 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 7 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 6 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 3 of 10
Our read on NCIQ
BA passive basket of the digital assets in a Nasdaq index, run at 0.25% a year while the typical multi-coin crypto fund charges more than double that. It tracks the index and makes no attempt to beat it.
The Trust seeks to match the daily price changes of its reference index, after expenses and liabilities, by investing in the index's digital-asset constituents. It uses a passive strategy and does not seek to outperform the index.
Why people hold it
- Charges 0.25% a year, well under half the 0.59% median for multi-coin crypto baskets such as GDLC and KRYP.
- Narrow, literal mandate: match the daily moves of the Nasdaq CME Crypto Settlement Price Index after expenses, no outperformance attempt. It has hewed closely to that job.
- One ticker buys the whole index basket, so no exchange accounts, wallets or self-custody to manage.
Worth knowing
- Structured as a trust rather than a registered fund, so the protections investors get under the Investment Company Act do not apply here.
- Generally pays no cash distributions, so any return has to come from price moves alone.
- Crypto prices swing hard, and with a January 2025 launch the live track record is still short.
NCIQ Holdings
- Other
- 9
- 100%
- Bitcoin
NCIQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NCIQ$6,706
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NCIQ |
|---|---|
| Year to date | −8.5% |
| 1 month | +6.0% |
| 3 months | +30.8% |
| 1 year | −32.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NCIQ |
|---|---|---|
| 2026 YTD | −8.5% | |
| 2025 | −9.1% |
NCIQ in the news
NCIQ Dividends
No distributions in the last 12 months.
NCIQ Risk
- 43.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −57.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NCIQ Cost
0.25%
NCIQ0.25%
- The middle half of Spot Crypto Basket funds
- Median 0.58%
2 of the 10 Spot Crypto Basket funds charge less.
Other funds in Spot Crypto Basket
- AEZPZFranklin Crypto Index ETFExpense ratio 0.19%1 year return −32.5%
- BGDLCGrayscale CoinDesk Crypto 5 ETFExpense ratio 0.59%1 year return −33.1%
- BVAVXVanEck Avalanche ETFExpense ratio 0.20%1 year return —
- BBITWBitwise 10 Crypto Index ETFExpense ratio 0.75%1 year return −32.5%
- CTKNZT. Rowe Price Active Crypto ETFExpense ratio 0.90%1 year return —