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NCIQ vs VAVX

Hashdex Nasdaq Crypto Index US ETF

NCIQANasdaq

VanEck Avalanche ETF

VAVXBNasdaq

Overlap

0.0%by weight

Expense ratio

VAVX −0.05pt a year

NCIQ0.25%VAVX0.20%

Avg volume · 30D

NCIQ 6.0×the volume

NCIQ48.7KVAVX8.07K

NCIQ vs VAVX Performance

Jul 31, 2026 – Oct 30, 2026

+22.3%NCIQ+32.1%VAVX

Jul 31, 2026 to Oct 30, 2026. NCIQ +22.3%. VAVX +32.1%. Use the arrow keys to read each point.0%60%80%Jul 2026Sep 2026Oct 2026
Expense ratio
NCIQ 0.25%
VAVX 0.20%, better
Fund size
NCIQ $447M
VAVX $17M
1Y total return
NCIQ −34.1%
VAVX No data
Holdings
NCIQ 10
VAVX 1
Avg volume (30D)
NCIQ 48.7K sh, better
VAVX 8.07K sh
NAV per share
NCIQ $19.19
VAVX $17.38
52W range

ETF.net Grade

NCIQ: Cost 75, Risk 35, Mission 100, Tradability 54, Holdings not scored, Durability 68. VAVX: Cost 90, Risk 37, Mission 58, Tradability 51, Holdings 50, Durability 53.
Pillar letters and Scores for NCIQ, VAVX, with each pillar’s weight
PillarNCIQVAVX
Cost30% weightA75A90Higher
Mission25% weightA100HigherB58
Risk15% weightD35D37Higher
Tradability15% weightC54HigherC51
Holdings10% weightNot scoredC50
Durability5% weightB68HigherC53

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 VAVX 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 VAVX 5th 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

Our read on each fund

ETF.net Research

NCIQAHashdex Nasdaq Crypto Index US ETF

VAVXBVanEck Avalanche 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.

VAVX 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.

VAVX 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.

VAVX 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.

VAVX No data

Full NCIQ profile⁠

Full VAVX profile⁠

NCIQ vs VAVX Holdings

How NCIQ and VAVX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NCIQ and 0.0% of VAVX.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for NCIQ and VAVX.

Country, concentration and asset class

Country by domicile

No country split for NCIQ.

Concentration

Weight in the 10 largest Holdings

  • NCIQ100.0%
  • VAVX100.0%

Securities held

  • NCIQ8
  • VAVX1

Asset class

NCIQ
Alternatives
VAVX
Alternatives

Holdings

  • Only in NCIQ8
  • In both0
  • Only in VAVX1

Only in NCIQ

8 securities, 99.7% of NCIQ by weight

  • Bitcoin75.10%
  • Ethereum11.14%
  • Ripple4.86%

Only in VAVX

1 security, 100% of VAVX by weight

  • Avax100.04%

Weight gaps

NCIQ and VAVX share no securities.

All NCIQ holdings⁠All VAVX 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 VAVX Cost

Overpaying NCIQ vs VAVX

$1,004

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

  • NCIQ 0.25%

    $5,159

  • VAVX 0.20%

    $4,155

$10,000
30 years

Cost over time

  • NCIQ 0.25%
  • VAVX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530NCIQ $5,159VAVX $4,155

Year by year

YearNCIQVAVXOverpaying
10$455$365$90
20$1,769$1,421$348
30$5,159$4,155$1,004

Expense ratio

  • 0.25%NCIQ
  • 0.20%VAVX, cheaper
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

VAVX 2nd cheapest of 10 funds

NCIQ 3rd cheapest of 10 funds

NCIQ vs VAVX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
NCIQ None
VAVX No data
Last payment
NCIQ No data
VAVX $0.22
Ex-dividend
NCIQ No data
VAVX Oct 6, 2026
Paid on
NCIQ No data
VAVX Oct 7, 2026
Frequency
NCIQ No data
VAVX Quarterly

Distribution history

Per share, 2026, same scale for both

NCIQAll NCIQ payments⁠

No distribution history available.

VAVXQuarterly · 2 paymentsAll VAVX payments⁠
One bar per payment. 2 payments in 2026 YTD. Jul 7, 2026 $0.17; Oct 6, 2026 $0.22. Use the arrow keys to read each point.$0$0.252026YTD

NCIQ vs VAVX 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 2025VAVX No data
Return per unit of riskSharpe ratio, 3 years
NCIQ −0.06since Mar 2025VAVX No data
Worst fallMax drawdown, 5 years
NCIQ −57.0%since Feb 2025VAVX No data
Market sensitivityBeta, 5 years
NCIQ 1.09VAVX 0.93

NCIQ and VAVX in the news

All news⁠

Popular comparisons

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    Expense ratio
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