BITQ vs. NODE

Last updated Jun 24, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and NODE (VanEck Onchain Economy ETF) are both Blockchain funds. BITQ is passively managed, while NODE is actively managed. Over the past year, BITQ returned 49.39% vs 65.00% for NODE. With a 0.95 correlation, they move nearly in lockstep. BITQ charges 0.85%/yr vs 0.69%/yr for NODE.

Performance

BITQ vs. NODE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Onchain Economy ETF (NODE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITQ achieves a 34.62% return, which is significantly higher than NODE's 32.11% return.

BITQ

• 1D: -2.61%
• 1M: 0.04%
• YTD: 34.62%
• 6M: 25.61%
• 1Y: 49.39%
• 3Y*: 53.03%
• 5Y*: 4.41%
• 10Y*: —

NODE

• 1D: -2.45%
• 1M: 2.38%
• YTD: 32.11%
• 6M: 27.03%
• 1Y: 65.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITQ vs. NODE - Yearly Performance Comparison

	2026 (YTD)	2025
BITQ Bitwise Crypto Industry Innovators ETF	34.62%	18.84%
NODE VanEck Onchain Economy ETF	32.11%	32.27%

Correlation

The correlation between BITQ and NODE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.95

The correlation between BITQ and NODE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

BITQ vs. NODE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITQ

BITQ Risk / Return Rank: 25
BITQ Sharpe Ratio Rank: 25
BITQ Sortino Ratio Rank: 28
BITQ Omega Ratio Rank: 25
BITQ Calmar Ratio Rank: 24
BITQ Martin Ratio Rank: 20

NODE

NODE Risk / Return Rank: 39
NODE Sharpe Ratio Rank: 43
NODE Sortino Ratio Rank: 41
NODE Omega Ratio Rank: 39
NODE Calmar Ratio Rank: 40
NODE Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITQ vs. NODE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Onchain Economy ETF (NODE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BITQ	NODE	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.39	-0.52
Sortino ratio: Return per unit of downside risk	1.47	1.93	-0.46
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.10	1.85	-0.75
Martin ratio: Return relative to average drawdown	2.30	4.06	-1.75

BITQ vs. NODE - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 0.87, which is lower than the NODE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of BITQ and NODE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITQ vs. NODE - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than NODE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BITQ and NODE.

Drawdown Indicators

	BITQ	NODE	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-35.35%	-54.97%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-35.35%	-9.64%
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	—	—
Current Drawdown Current decline from peak	-17.24%	-3.28%	-13.96%
Average Drawdown Average peak-to-trough decline	-52.52%	-11.01%	-41.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.50%	16.08%	+5.42%

Volatility

BITQ vs. NODE - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 16.45% compared to VanEck Onchain Economy ETF (NODE) at 14.45%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than NODE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITQ	NODE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.45%	14.45%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	43.05%	35.66%	+7.39%
Volatility (1Y) Calculated over the trailing 1-year period	56.94%	46.89%	+10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.32%	45.29%	+22.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.24%	45.29%	+21.95%

BITQ vs. NODE - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is higher than NODE's 0.69% expense ratio.

Dividends

BITQ vs. NODE - Dividend Comparison

BITQ has not paid dividends to shareholders, while NODE's dividend yield for the trailing twelve months is around 0.85%.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
NODE VanEck Onchain Economy ETF	0.85%	1.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITQ and NODE in my portfolio?

With a correlation of 0.96, BITQ and NODE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITQ or NODE?

BITQ has higher volatility (16.45%) compared to NODE (14.45%). In terms of maximum drawdown, BITQ dropped -90.32% vs NODE's -35.35%.

Which ETF is better, BITQ or NODE?

On 1-year performance, NODE leads with 65.00% vs 49.39% for BITQ. On fees, NODE is cheaper at 0.69% per year. On volatility, NODE has been the lower-risk option at 14.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or NODE?

Over the 1-year period, NODE has performed better with a 65.00% return vs 49.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or NODE?

NODE is cheaper with a 0.69% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, BITQ or NODE?

NODE has the higher dividend yield at 0.85%, compared with 0.00% for BITQ.

What is the main difference between BITQ and NODE?

They also come from different issuers: Bitwise and VanEck. Their fees differ too: 0.85% for BITQ and 0.69% for NODE.

Which has better risk-adjusted returns?

NODE currently has the higher Sharpe Ratio (1.39 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.