- ISIN
- USNCIQ0001
- CUSIP
- G4404W106
- Issuer
- Hashdex
- Inception Date
- Feb 13, 2025
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Crypto US Settlement Price™ Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $155M
Share Price Chart
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Performance
NCIQ Performance Chart
Hashdex Nasdaq Crypto Index US ETF (NCIQ) is down 26.1% since the beginning of the year. NCIQ is currently trading at $17 per share.
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Returns By Period
Hashdex Nasdaq Crypto Index US ETF (NCIQ) has returned -26.10% so far this year and -36.98% over the past 12 months.
Hashdex Nasdaq Crypto Index US ETF
- 1D
- -5.72%
- 1M
- -14.26%
- YTD
- -26.10%
- 6M
- -29.48%
- 1Y
- -36.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NCIQ Monthly Returns History
Based on dividend-adjusted daily data since Feb 14, 2025, NCIQ's average daily return is -0.08%, while the average monthly return is -1.81%.
Historically, 41% of months were positive and 59% were negative. The best month was May 2025 with a return of +14.3%, while the worst month was Feb 2026 at -23.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NCIQ closed higher 49% of trading days. The best single day was Feb 6, 2026 with a return of +10.6%, while the worst single day was Feb 5, 2026 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.45% | -23.28% | 3.40% | 11.32% | -4.85% | -7.95% | -26.10% | ||||||
| 2025 | -13.95% | -4.13% | 12.17% | 14.29% | 2.45% | 13.00% | -3.66% | 3.40% | -5.56% | -17.39% | -5.64% | -10.21% |
Benchmark Metrics
Hashdex Nasdaq Crypto Index US ETF has an annualized alpha of -35.52%, beta of 1.26, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since February 18, 2025.
- This ETF participated in 195.20% of S&P 500 Index downside but only -9.07% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -35.52%
- Beta
- 1.26
- R²
- 0.22
- Upside Capture
- -9.07%
- Downside Capture
- 195.20%
Expense Ratio
NCIQ has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
NCIQ ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index US ETF (NCIQ) and compare them to S&P 500 Index.
| NCIQ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | 2.39 | -3.18 |
Sortino ratioReturn per unit of downside risk | -1.01 | 3.25 | -4.27 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.43 | -0.55 |
Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.11 | -3.81 |
Martin ratioReturn relative to average drawdown | -1.20 | 14.38 | -15.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hashdex Nasdaq Crypto Index US ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hashdex Nasdaq Crypto Index US ETF was 52.90%, occurring on Feb 5, 2026. The portfolio has not yet recovered.
The current Hashdex Nasdaq Crypto Index US ETF drawdown is 50.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -52.90%Feb 2026 | 4mo 1d | — | 7mo 29dOct 2025 - now |
2025 selloff2025 | -25.48%Apr 2025 | 1mo 16d | 1mo 1d | 2mo 17dFeb 2025 - May 2025 |
2025 correction2025 | -12.51%Sep 2025 | 1mo 12d | 11d | 1mo 23dAug 2025 - Oct 2025 |
2025 selloff2025 | -7.86%Jun 2025 | 13d | 1mo 4d | 1mo 17dMay 2025 - Jul 2025 |
2025 pullback2025 | -4.90%Aug 2025 | 7d | 10d | 17dJul 2025 - Aug 2025 |
Drawdown Indicators
| NCIQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -56.78% | +3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -52.90% | -9.10% | -43.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -50.57% | 0.00% | -50.57% |
Average DrawdownAverage peak-to-trough decline | -21.76% | -10.72% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.77% | 1.97% | +28.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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