LEGR vs NODE: Grades, Fees and Holdings Compared

First Trust Indxx Innovative Transaction & Process ETF

LEGRBNasdaq

Onchain Economy ETF

NODECCboe

Overlap

0.8%by weight

Expense ratio

LEGR −0.02pt a year

LEGR0.65%NODE0.67%

Avg volume · 30D

NODE 7.4×the volume

LEGR1.87KNODE13.8K

LEGR vs NODE Performance

Oct 31, 2025 – Oct 30, 2026

+13.4%LEGR−32.7%NODE

Expense ratio: LEGR 0.65%, better; NODE 0.67%
Fund size: LEGR $124M; NODE $51M
1Y total return: LEGR +13.4%, better; NODE −32.7%
Yield (12M): LEGR 1.86%; NODE No data
Holdings: LEGR 109; NODE 41
Avg volume (30D): LEGR 1.87K sh; NODE 13.8K sh, better
NAV per share: LEGR $65.02; NODE $30.28
52W range

ETF.net Grade

Pillar letters and Scores for LEGR, NODE, with each pillar’s weight
Pillar	LEGR	NODE
Cost30% weight	B55Higher	C42
Mission25% weight	Not scored	Not scored
Risk15% weight	A97Higher	C53
Tradability15% weight	D37	B59Higher
Holdings10% weight	A89Higher	B56
Durability5% weight	A77Higher	D36

Rank among Crypto Industry Stocks funds

How we build Categories ›

Same Category. LEGR and NODE are both graded against the same 20 Crypto Industry Stocks funds, so their Grades compare head to head.

Crypto Industry Stocks⁠

Category · 20 funds

See all 20 ›

LEGR ranks 3rd and NODE 10th of 20 funds in the Crypto Industry Stocks Category.

Rank 1ASTCESchwab Crypto Thematic ETFScore 77
Rank 2AFDIGFidelity Crypto Industry and Digital Payments ETFScore 76
Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
Rank 4BDAPPVanEck Digital Transformation ETFScore 63
Rank 9CBITSGlobal X Blockchain & Bitcoin Strategy ETFScore 52
Rank 10CNODEOnchain Economy ETFScore 49
Rank 11CSATOInvesco Alerian Galaxy Crypto Economy ETFScore 45

Our read on each fund

ETF.net Research

LEGRBFirst Trust Indxx Innovative Transaction & Process ETF

NODECOnchain Economy ETF

In short

LEGR Blockchain, hold the coins. LEGR has tracked the Indxx Blockchain Index since January 2018, owning roughly 110 global companies that build with the technology or stand to benefit from it, rather than the tokens themselves.

NODE No data

Stated mandate

LEGR The Fund seeks to track the performance of the Indxx Blockchain Index before fees and expenses. The index targets companies involved with blockchain technology or positioned to benefit from its use in business processes.

NODE No data

Why people hold it

LEGR A first-wave name: launched January 2018, and it has tracked the same blockchain index through a full crypto boom and bust.
Picks and shovels, not whitepapers: roughly 110 global stocks either working with blockchain or positioned to benefit from it inside their own business processes.
Spreading the theme across about 110 operating companies keeps any single name from dominating, and the fund sits in the upper half of its global thematic peer group.

NODE No data

Worth knowing

LEGR The 0.65% expense ratio sits above the typical fee among global thematic ETFs, and several funds in that group charge a fraction of it.
It trades thinly, so bid-ask spreads can run wider than on giant ETFs. Limit orders do real work here.
Stocks, not coins. Crypto moves reach this fund only through share prices of companies where blockchain may be one line in a much larger business.

NODE No data

Full LEGR profile⁠

Full NODE profile⁠

LEGR vs NODE Holdings

How LEGR and NODE differ

Overlap by weight

0.8%

Shared holdings make up 1.1% of NODE and 0.8% of LEGR.

Level by level

Asset classEquity, Alternatives0.0%
Holdings1 in both0.8%
Countryby domicile52.4%
Sector10 Sectors79.4%

Sector

Sector weights in LEGR and NODE, widest gap first
Sector	More in LEGRMore in NODE	LEGR	NODE
Technology	NODE +13.0 points	21.3%	34.3%
Communication	LEGR +8.5 points	8.5%	0.0%
Consumer Discretionary	LEGR +7.1 points	7.1%	0.0%
Utilities	NODE +4.7 points	3.0%	7.7%
Materials	LEGR +2.0 points	2.0%	0.0%
Industrials	LEGR +1.6 points	6.3%	4.7%
Financials	NODE +1.5 points	49.4%	50.9%
Consumer Staples	LEGR +1.4 points	1.4%	0.0%
Energy	NODE +0.9 points	1.0%	1.9%
Health Care	NODE +0.6 points	0.0%	0.6%

Country, concentration and asset class

Country by domicile

Country weights in LEGR and NODE, widest gap first
Country	More in LEGRMore in NODE	LEGR	NODE
United States	NODE +41.1 points	42.6%	83.7%
China	LEGR +13.1 points	13.1%	0.0%
Germany	LEGR +5.5 points	6.8%	1.3%
India	LEGR +4.2 points	4.2%	0.0%
United Kingdom	LEGR +3.8 points	5.9%	2.1%
Japan	LEGR +3.8 points	3.8%	0.0%
Canada	LEGR +3.3 points	3.7%	0.4%
Spain	LEGR +2.8 points	2.8%	0.0%
Other countries (12)	LEGR +4.8 points	17.3%	12.5%

Outside the US: LEGR 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

LEGR13.2%
NODE57.2%

Securities held

LEGR100
NODE36

Asset class

LEGR: Equity
NODE: Alternatives

Holdings

Only in LEGR99
In both1
Only in NODE35

Only in LEGR

99 securities, 98.6% of LEGR by weight

Lockheed Martin Corporation1.43%
Walmart Inc.1.39%
S&P Global Inc.1.35%
CME Group Inc.1.32%
Tesla, Inc.1.31%
Accenture plc1.30%
Anz Group Holdings Ltd1.30%
BlackRock, Inc.1.28%
The Home Depot, Inc.1.28%
Workday, Inc. (Class A)1.27%
Bank of Communications Co., Ltd. (Class H)1.27%
Westpac Banking Corporation1.27%
Iberdrola S.A.1.27%
Commonwealth Bank of Australia1.26%
Postal Savings Bank of China Co., Ltd. (Class H)1.25%
China Merchants Bank Co., Ltd. (Class H)1.25%
The Toronto-Dominion Bank1.23%
MetLife, Inc.1.23%
Bank of China Ltd.1.23%
HDFC Bank Ltd. (ADR)1.21%
AIA Group Limited1.19%
American Express Company1.18%
Royal Bank of Canada1.17%
BOC Hong Kong (Holdings) Limited1.16%
Cisco Systems, Inc.1.16%
Allianz SE1.14%
Meta Platforms, Inc. (Class A)1.14%
Axa S.a.1.13%
Airbus SE1.12%
Shopify Inc. (Class A)1.12%
First Abu Dhabi Bank PJSC1.11%
Ping An Insurance (Group) Company of China, Ltd. (Class H)1.08%
Ford Motor Company1.05%
Mizuho Financial Group, Inc. (ADR)1.04%
BHP Group Limited1.04%
Infosys Limited (ADR)1.03%
Morgan Stanley1.03%
Tata Consultancy Services Limited1.03%
ING Groep N.V. (ADR)1.02%
Sap SE1.02%
Shell plc (ADR)1.02%
Mastercard Incorporated1.01%
Visa Inc. (Class A)1.01%
Nordea Bank Abp1.01%
Lloyds Banking Group Plc (ADR)1.01%
Barclays Plc1.01%
Cognizant Technology Solutions Corporation1.00%
The Boeing Company1.00%
Mercedes-Benz Group AG0.99%
London Stock Exchange Group Plc0.99%

Only in NODE

35 securities, 98.7% of NODE by weight

VanEck Bitcoin ETF19.73%
Figure Technology Solutions Inc5.48%
Terawulf Inc5.28%
Hut 8 Corp5.13%
Iren Ltd4.22%
Core Scientific Inc3.63%
Cleanspark Inc3.60%
Riot Platforms Inc3.52%
Applied Digital Corp3.34%
Circle Internet Group Inc3.30%
Cipher Mining Inc3.30%
Bitdeer Technologies Group2.95%
Mara Holdings Inc2.65%
The Zcash ETF2.51%
Talen Energy Corp2.50%
Galaxy Digital Inc2.42%
Coinbase Global Inc2.33%
Block Inc2.23%
Global Unichip Corp2.12%
Aker Asa1.88%
VanEck Ethereum ETF1.74%
Vistra Corp1.56%
Strategy Inc1.48%
Constellation Energy Corp1.35%
Bullish1.32%
Innio Nv1.26%
Keel Infrastructure Corp1.25%
Robinhood Markets Inc1.24%
Raspberry Pi Holdings Plc1.12%
Dpc Holdings Ltd0.96%
VanEck Solana ETF0.94%
21shares Hyperliquid Staking ETF0.94%
Canton Strategic Holdings Inc0.49%
Bkv Corp0.48%
Abaxx Technologies Inc0.41%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in LEGR and NODE, widest gap first
Holding	More in LEGRMore in NODE	LEGR	NODE
NVIDIA CorporationNVDA	NODE +0.24 points	0.84%	1.08%

All 103 LEGR holdings⁠All NODE 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.

LEGR vs NODE Cost

Overpaying NODE vs LEGR

$357

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

LEGR 0.65%
$12,717
NODE 0.67%
$13,074

Amount$10,000

Years30 years

Cost over time

LEGR 0.65%
NODE 0.67%
Overpaying

Year by year

Year	LEGR	NODE	Overpaying
10	$1,163	$1,198	$35
20	$4,440	$4,568	$128
30	$12,717	$13,074	$357

Expense ratio

0.65%LEGR, cheaper
0.67%NODE

LEGR0.65%NODE0.67%

0.30%0.90%

Middle half of Crypto Industry Stocks funds
Median 0.66%

LEGR 8th cheapest of 20 funds

NODE 12th cheapest of 20 funds

LEGR vs NODE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): LEGR 1.86%; NODE No data
Payout (12M): LEGR $1.20; NODE No data
Last payment: LEGR $0.18; NODE $0.39
Ex-dividend: LEGR Sep 24, 2026; NODE Dec 22, 2025
Paid on: LEGR Sep 30, 2026; NODE Dec 26, 2025
Frequency: LEGR Quarterly; NODE Irregular

Distribution history

Per share, 2018 to 2026, same scale for both

LEGRQuarterly · 35 paymentsAll LEGR payments⁠

NODEIrregular · 1 paymentAll NODE payments⁠

LEGR vs NODE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LEGR 11.7%NODE 46.8%since Jun 2025
Return per unit of riskSharpe ratio, 3 years: LEGR 1.59NODE 0.36since Jun 2025
Worst fallMax drawdown, 5 years: LEGR −31.5%NODE −36.3%since May 2025
Market sensitivityBeta, 5 years: LEGR 0.89NODE 2.93; Market = 1

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