Hashdex Nasdaq Crypto Index US ETF (NCIQ) 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 NCIQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NCIQ
NCIQ charges 0.25% annually. There are 15 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 | NCIQ vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | NCIQ vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | NCIQ vs ETH | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | NCIQ vs EZET | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | NCIQ vs EZBC |
Best Risk-Adjusted Alternatives to NCIQ
NCIQ has a PortfoliosLab risk / return rank of 2. There are 50 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 | NCIQ vs ZCSH | |
| ProShares Short Bitcoin ETF | 61 | 129.73M | Jun 2022 | NCIQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 55 | 176.54M | Apr 2024 | NCIQ vs SBIT | |
| CoinShares Bitcoin Miners ETF | 51 | 240.40M | Feb 2022 | NCIQ vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 48 | — | Jul 2024 | NCIQ vs BTCZ |
Top Performing NCIQ Alternatives (YTD)
NCIQ is at -30.93% YTD. There are 50 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 39.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | 39.44% | 176.54M | Apr 2024 | NCIQ vs SBIT | |
| CoinShares Bitcoin Miners ETF | 34.47% | 240.40M | Feb 2022 | NCIQ vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | — | Jul 2024 | NCIQ vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.72% | 16.03M | Nov 2023 | NCIQ vs SETH | |
| ProShares UltraShort Ether ETF | 29.25% | 60.61M | Jun 2024 | NCIQ vs ETHD |
Lowest Volatility Alternatives to NCIQ
NCIQ has 48.13% 1-year volatility. There are 50 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 | NCIQ vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | NCIQ vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.49% | — | Oct 2025 | NCIQ vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.56% | — | Oct 2025 | NCIQ vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.68% | 7.65M | Sep 2025 | NCIQ vs BFOC |
Lowest Drawdown Alternatives to NCIQ
NCIQ has a 1-year max drawdown of -57.05%. There are 39 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 | NCIQ vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | NCIQ vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | NCIQ vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | NCIQ vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | NCIQ vs BTRN |
Other ETFs from Hashdex
The 1 most viewed Hashdex ETFs shown here include DEFI and span 1 categories. AUM among these funds goes as high as $15M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hashdex Bitcoin Futures ETF | Cryptocurrency | 2 | -28.07% | 14.54M | Sep 2022 | NCIQ vs DEFI |
Often Compared With NCIQ
Investors most often compare NCIQ with IBIT, BITW, BITC. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare NCIQ with Any Fund or Stock
Compare NCIQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NCIQ with funds that move differently
Hashdex Nasdaq Crypto Index US ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NCIQ.
Explore NCIQ Diversifiers