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EZPZ vs NCIQ

Franklin Crypto Index ETF

EZPZACboe

Hashdex Nasdaq Crypto Index US ETF

NCIQANasdaq

Overlap

Expense ratio

EZPZ −0.06pt a year

EZPZ0.19%NCIQ0.25%

Avg volume · 30D

NCIQ 6.1×the volume

EZPZ7.93KNCIQ48.7K

EZPZ vs NCIQ Performance

Oct 31, 2025 – Oct 30, 2026

−34.6%EZPZ−34.1%NCIQ

Oct 31, 2025 to Oct 30, 2026. EZPZ −34.6%. NCIQ −34.1%. Use the arrow keys to read each point.−50%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
EZPZ 0.19%, better
NCIQ 0.25%
Fund size
EZPZ $16M
NCIQ $447M
1Y total return
EZPZ −34.6%
NCIQ −34.1%, better
Holdings
EZPZ 7
NCIQ 10
Avg volume (30D)
EZPZ 7.93K sh
NCIQ 48.7K sh, better
NAV per share
EZPZ $18.96
NCIQ $19.19
52W range

ETF.net Grade

EZPZ: Cost 90, Risk 32, Mission 100, Tradability 58, Holdings not scored, Durability 61. NCIQ: Cost 75, Risk 35, Mission 100, Tradability 54, Holdings not scored, Durability 68.
Pillar letters and Scores for EZPZ, NCIQ, with each pillar’s weight
PillarEZPZNCIQ
Cost30% weightA90HigherA75
Mission25% weightA100A100
Risk15% weightD32D35Higher
Tradability15% weightB58HigherC54
Holdings10% weightNot scoredNot scored
Durability5% weightB61B68Higher

Rank among Spot Crypto Basket funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EZPZ and NCIQ are both graded against the same 10 Spot Crypto Basket funds, so their Grades compare head to head.

Spot Crypto Basket⁠

Category · 10 funds
See all 10 ›

EZPZ ranks 1st and NCIQ 2nd of 10 funds in the Spot Crypto Basket Category.

  1. Rank 1AEZPZFranklin Crypto Index ETFScore 76
  2. Rank 2AGDLCGrayscale CoinDesk Crypto 5 ETFScore 71
  3. Rank 2ANCIQHashdex Nasdaq Crypto Index US ETFScore 71
  4. Rank 4BBITWBitwise 10 Crypto Index ETFScore 63

Our read on each fund

ETF.net Research

EZPZAFranklin Crypto Index ETF

NCIQAHashdex Nasdaq Crypto Index US ETF

In short

EZPZ Franklin's crypto index fund opened in 2025 holding just bitcoin and ether, and its basket widens as the CF index admits new coins. At a 0.19% sponsor fee, it sits at the cheap end of the multi-coin crypto shelf.

NCIQ A 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.

Stated mandate

EZPZ The Fund seeks to track the performance of the CF Institutional Digital Asset Index – US–Settlement Price by holding the index's digital assets in approximately their index weights.

NCIQ 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

  • EZPZ A 0.19% sponsor fee, below the category median and under multi-coin peers like NCIQ (0.25%), GDLC (0.59%) and BITW (0.75%).
  • Rules, not hunches. The CF index weights coins by free-float market cap and reconstitutes quarterly; the fund holds those assets in roughly their index weights.cfbenchmarks.com
  • The lineup is built to expand: new digital assets enter as they meet index criteria and receive required regulatory approvals, so you aren't locked into the day-one roster.franklintempleton.comsec.gov
  • Coinbase holds the coins and the trust is registered under the Securities Act of 1933. Exposure arrives through a brokerage account, not wallets, keys or exchange logins.franklintempleton.comsec.gov
  • NCIQ 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

  • EZPZ Tax paperwork looks different here: the fund issues a Schedule K-1 rather than a 1099.franklintempleton.com
  • Full-throttle crypto. The fund passes spot price moves straight through, with no buffer, hedge or cash cushion, and it launched in 2025 so its live record is short.
  • Small and thinly traded next to the category's household names, which can mean wider bid-ask spreads at the moment you trade.
  • NCIQ 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.

Full EZPZ profile⁠

Full NCIQ profile⁠

EZPZ vs NCIQ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EZPZ vs NCIQ Cost

Overpaying NCIQ vs EZPZ

$1,207

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EZPZ 0.19%

    $3,952

  • NCIQ 0.25%

    $5,159

$10,000
30 years

Cost over time

  • EZPZ 0.19%
  • NCIQ 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530NCIQ $5,159EZPZ $3,952

Year by year

YearEZPZNCIQOverpaying
10$347$455$108
20$1,351$1,769$418
30$3,952$5,159$1,207

Expense ratio

  • 0.19%EZPZ, cheaper
  • 0.25%NCIQ
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

EZPZ cheapest of 10 funds

NCIQ 3rd cheapest of 10 funds

EZPZ vs NCIQ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
EZPZ None
NCIQ None

Distribution history

EZPZAll EZPZ payments⁠

No distribution history available.

NCIQAll NCIQ payments⁠

No distribution history available.

EZPZ vs NCIQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EZPZ 43.4%since Mar 2025NCIQ 43.2%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
EZPZ −0.04since Mar 2025NCIQ −0.06since Mar 2025
Worst fallMax drawdown, 5 years
EZPZ −56.6%since Feb 2025NCIQ −57.0%since Feb 2025
Market sensitivityBeta, 5 years
EZPZ 1.13NCIQ 1.09

EZPZ and NCIQ in the news

All news⁠

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