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NCIQ vs TKNZ

Hashdex Nasdaq Crypto Index US ETF

NCIQANasdaq

T. Rowe Price Active Crypto ETF

TKNZCNYSE Arca

Overlap

Expense ratio

NCIQ −0.65pt a year

NCIQ0.25%TKNZ0.90%

Avg volume · 30D

NCIQ 7.3×the volume

NCIQ48.7KTKNZ6.63K

NCIQ vs TKNZ Performance

Jul 31, 2026 – Oct 30, 2026

+22.3%NCIQ+24.4%TKNZ

Jul 31, 2026 to Oct 30, 2026. NCIQ +22.3%. TKNZ +24.4%. Use the arrow keys to read each point.0%10%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
NCIQ 0.25%, better
TKNZ 0.90%
Fund size
NCIQ $447M
TKNZ $24M
1Y total return
NCIQ −34.1%
TKNZ No data
Holdings
NCIQ 10
TKNZ 11
Avg volume (30D)
NCIQ 48.7K sh, better
TKNZ 6.63K sh
NAV per share
NCIQ $19.19
TKNZ $29.54
52W range

ETF.net Grade

NCIQ: Cost 75, Risk 35, Mission 100, Tradability 54, Holdings not scored, Durability 68. TKNZ: Cost 34, Risk 95, Mission not scored, Tradability 63, Holdings 38, Durability 50.
Pillar letters and Scores for NCIQ, TKNZ, with each pillar’s weight
PillarNCIQTKNZ
Cost30% weightA75HigherD34
Mission25% weightA100Not scored
Risk15% weightD35A95Higher
Tradability15% weightC54B63Higher
Holdings10% weightNot scoredD38
Durability5% weightB68HigherC50

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. NCIQ and TKNZ 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 ›

NCIQ ranks 2nd and TKNZ 6th 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
  5. Rank 5BVAVXVanEck Avalanche ETFScore 62
  6. Rank 6CTKNZT. Rowe Price Active Crypto ETFScore 53
  7. Rank 7CBESOGSR Crypto Core3 ETFScore 46

Our read on each fund

ETF.net Research

NCIQAHashdex Nasdaq Crypto Index US ETF

TKNZCT. Rowe Price Active Crypto ETF

In short

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.

TKNZ No data

Stated mandate

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.

TKNZ No data

Why people hold it

  • 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.

TKNZ No data

Worth knowing

  • 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.

TKNZ No data

Full NCIQ profile⁠

Full TKNZ profile⁠

NCIQ vs TKNZ 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.

NCIQ vs TKNZ Cost

Overpaying TKNZ vs NCIQ

$11,881

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

  • NCIQ 0.25%

    $5,159

  • TKNZ 0.90%

    $17,040

$10,000
30 years

Cost over time

  • NCIQ 0.25%
  • TKNZ 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TKNZ $17,040NCIQ $5,159

Year by year

YearNCIQTKNZOverpaying
10$455$1,593$1,138
20$1,769$6,015$4,246
30$5,159$17,040$11,881

Expense ratio

  • 0.25%NCIQ, cheaper
  • 0.90%TKNZ
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

NCIQ 3rd cheapest of 10 funds

TKNZ 7th cheapest of 10 funds

NCIQ vs TKNZ Dividends

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

Distribution history

NCIQAll NCIQ payments⁠

No distribution history available.

TKNZAll TKNZ payments⁠

No distribution history available.

NCIQ vs TKNZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NCIQ 43.2%since Mar 2025TKNZ No data
Return per unit of riskSharpe ratio, 3 years
NCIQ −0.06since Mar 2025TKNZ No data
Worst fallMax drawdown, 5 years
NCIQ −57.0%since Feb 2025TKNZ No data
Market sensitivityBeta, 5 years
NCIQ 1.09TKNZ 0.00

NCIQ and TKNZ in the news

All news⁠

Popular comparisons

  • NCIQAvsEZPZA

    Hashdex Nasdaq Crypto Index US ETF · Franklin Crypto Index ETF

    Expense ratio
    0.25% · 0.19%
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  • TKNZCvsEZPZA

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  • TKNZCvsGDLCA

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  • NCIQAvsBITWB

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    Expense ratio
    0.25% · 0.75%
    Category
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  • TKNZCvsBITWB

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    Expense ratio
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