Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) 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 NGHT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NGHT
NGHT charges 0.97% annually. There are 103 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% | 392.44M | Apr 2026 | NGHT vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.77B | Jul 2024 | NGHT vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.56B | Jul 2024 | NGHT vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 361.40M | Jan 2024 | NGHT vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 38.05M | Jul 2024 | NGHT vs EZET |
Best Risk-Adjusted Alternatives to NGHT
Among 76 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | NGHT vs ZCSH | |
| ProShares Short Bitcoin ETF | 57 | 104.61M | Jun 2022 | NGHT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 50 | 166.33M | Apr 2024 | NGHT vs SBIT | |
| CoinShares Bitcoin Miners ETF | 47 | 240.40M | Feb 2022 | NGHT vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 44 | — | Jul 2024 | NGHT vs BTCZ |
Top Performing NGHT Alternatives (YTD)
Among 111 ETFs in the Cryptocurrency category with YTD return data, the top-performing alternatives shown here go as high as 36.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Stellar Lumens Trust (XLM) | 36.59% | — | Dec 2018 | NGHT vs GXLM | |
| CoinShares Bitcoin Miners ETF | 34.62% | 240.40M | Feb 2022 | NGHT vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 31.43% | 166.33M | Apr 2024 | NGHT vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 26.72% | — | Jul 2024 | NGHT vs BTCZ | |
| ProShares Short Ether Strategy ETF | 24.35% | 15.65M | Nov 2023 | NGHT vs SETH |
Lowest Volatility Alternatives to NGHT
NGHT has 30.40% 1-year volatility. There are 17 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.96%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.96% | — | Oct 2025 | NGHT vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.67% | — | Oct 2025 | NGHT vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.55% | — | Oct 2025 | NGHT vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.68% | — | Oct 2025 | NGHT vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.73% | 7.63M | Sep 2025 | NGHT vs BFOC |
Lowest Drawdown Alternatives to NGHT
Among 76 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.79M | Aug 2022 | NGHT vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.46M | Jun 2025 | NGHT vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.23M | Dec 2024 | NGHT vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 104.61M | Jun 2022 | NGHT vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.66% | 1.48M | Mar 2024 | NGHT vs BTRN |
Other ETFs from Nicholas
The 6 most viewed Nicholas ETFs shown here include BLOX, GIAX, FIAX and span 6 categories. AUM among these funds goes as high as $280M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nicholas Crypto Income ETF | Cryptocurrency | 9 | -3.97% | 280.43M | Jun 2025 | NGHT vs BLOX | |
| Nicholas Global Equity and Income ETF | Derivative Income | 20 | 6.02% | 105.09M | Jul 2024 | NGHT vs GIAX | |
| Nicholas Fixed Income Alternative ETF | Nontraditional Bonds | 46 | 1.68% | 130.55M | Nov 2022 | NGHT vs FIAX | |
| Fitz-Gerald Must Have Portfolio ETF | Large Cap Growth Equities | — | — | 22.49M | May 2026 | NGHT vs FITZ | |
| Nicholas Gold Income ETF | Gold, Derivative Income, Precious Metals | — | — | 2.72M | Feb 2026 | NGHT vs GLDN | |
| Nicholas Bitcoin Tail ETF | Cryptocurrency | — | — | 20.89M | Mar 2026 | NGHT vs BHDG |
Often Compared With NGHT
Investors most often compare NGHT with ETHD, SOEZ, EZPZ. These 3 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | Cryptocurrency, Leveraged Cryptocurrency | 17 | 19.66% | 50.33M | Jun 2024 | NGHT vs ETHD | |
| Franklin Solana ETF | Cryptocurrency | — | -36.95% | 8.30M | Dec 2025 | NGHT vs SOEZ | |
| Franklin Crypto Index ETF | Cryptocurrency | 2 | -28.59% | 14.33M | Feb 2025 | NGHT vs EZPZ |
Compare NGHT with Any Fund or Stock
Compare NGHT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NGHT with funds that move differently
Nicholas Bitcoin and Treasuries AfterDark ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NGHT.
Explore NGHT Diversifiers