Hashdex Bitcoin Futures ETF (DEFI) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DEFI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DEFI
DEFI charges 0.90% annually. There are 81 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | DEFI vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | DEFI vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | DEFI vs BTC | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | DEFI vs EZET | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | DEFI vs EZBC |
Best Risk-Adjusted Alternatives to DEFI
DEFI has a PortfoliosLab risk / return rank of 2. There are 46 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | DEFI vs ZCSH | |
| ProShares Short Bitcoin ETF | 48 | 129.73M | Jun 2022 | DEFI vs BITI | |
| CoinShares Bitcoin Miners ETF | 47 | 240.40M | Feb 2022 | DEFI vs WGMI | |
| ProShares UltraShort Bitcoin ETF | 43 | 176.54M | Apr 2024 | DEFI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 39 | — | Jul 2024 | DEFI vs BTCZ |
Top Performing DEFI Alternatives (YTD)
DEFI is at -26.38% YTD. There are 33 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 37.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 37.84% | 240.40M | Feb 2022 | DEFI vs WGMI | |
| ProShares UltraShort Bitcoin ETF | 33.66% | 176.54M | Apr 2024 | DEFI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 29.69% | — | Jul 2024 | DEFI vs BTCZ | |
| ProShares Short Ether Strategy ETF | 28.99% | 16.03M | Nov 2023 | DEFI vs SETH | |
| ProShares UltraShort Ether ETF | 28.16% | 60.61M | Jun 2024 | DEFI vs ETHD |
Lowest Volatility Alternatives to DEFI
DEFI has 44.71% 1-year volatility. There are 44 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | DEFI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.64% | — | Oct 2025 | DEFI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.46% | — | Oct 2025 | DEFI vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.51% | — | Oct 2025 | DEFI vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.66% | 7.65M | Sep 2025 | DEFI vs BFOC |
Lowest Drawdown Alternatives to DEFI
DEFI has a 1-year max drawdown of -53.19%. There are 23 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | DEFI vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | DEFI vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | DEFI vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | DEFI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | DEFI vs BTRN |
Other ETFs from Hashdex
The 1 most viewed Hashdex ETFs shown here include NCIQ and span 1 categories. AUM among these funds goes as high as $99M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hashdex Nasdaq Crypto Index US ETF | Cryptocurrency | 2 | -29.52% | 99.19M | Feb 2025 | DEFI vs NCIQ |
Often Compared With DEFI
Investors most often compare DEFI with IBIT, BITB, BTC-USD. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare DEFI with Any Fund or Stock
Compare DEFI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DEFI with funds that move differently
Hashdex Bitcoin Futures ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DEFI.
Explore DEFI Diversifiers