DECO vs. NODE

Last updated Aug 2, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and NODE (VanEck Onchain Economy ETF) are both Blockchain funds. Both are actively managed. Over the past year, DECO returned 103.84% vs 25.79% for NODE. Their correlation of 0.93 means they have usually moved in the same direction. DECO charges 0.65%/yr vs 0.69%/yr for NODE.

Performance

DECO vs. NODE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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, DECO achieves a 61.26% return, which is significantly higher than NODE's 7.73% return.

DECO

• 1D: -1.75%
• 1M: -3.53%
• 6M: 43.24%
• YTD: 61.26%
• 1Y: 103.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 79.69%

NODE

• 1D: -2.28%
• 1M: -7.11%
• 6M: -1.11%
• YTD: 7.73%
• 1Y: 25.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DECO State Street Galaxy Digital Asset Ecosystem ETF	$81.73K	$85.27K	$116.73K
NODE VanEck Onchain Economy ETF	$281.15K	$306.49K	$518.92K

DECO vs. NODE - Yearly Performance Comparison

	2026 (YTD)	2025
DECO State Street Galaxy Digital Asset Ecosystem ETF	61.26%	54.76%
NODE VanEck Onchain Economy ETF	7.73%	32.27%

Correlation

The correlation between DECO and NODE is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.93

The correlation between DECO and NODE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

DECO vs. NODE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DECO

DECO Risk / Return Rank: 80
DECO Sharpe Ratio Rank: 84
DECO Sortino Ratio Rank: 79
DECO Omega Ratio Rank: 74
DECO Calmar Ratio Rank: 88
DECO Martin Ratio Rank: 76

NODE

NODE Risk / Return Rank: 22
NODE Sharpe Ratio Rank: 20
NODE Sortino Ratio Rank: 24
NODE Omega Ratio Rank: 23
NODE Calmar Ratio Rank: 21
NODE Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DECO vs. NODE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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.

	DECO	NODE	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.40	+1.57
Sortino ratio: Return per unit of downside risk	2.54	0.90	+1.64
Omega ratio: Gain probability vs. loss probability	1.31	1.10	+0.20
Calmar ratio: Return relative to maximum drawdown	3.63	0.57	+3.06
Martin ratio: Return relative to average drawdown	9.69	1.19	+8.50

DECO vs. NODE - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 1.97, which is higher than the NODE Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of DECO 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

DECO vs. NODE - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, which is greater than NODE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for DECO and NODE.

Drawdown Indicators

	DECO	NODE	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-35.35%	-12.36%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-35.35%	+9.75%
Current Drawdown Current decline from peak	-11.66%	-21.12%	+9.46%
Average Drawdown Average peak-to-trough decline	-11.23%	-11.37%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.58%	16.88%	-7.30%

Volatility

DECO vs. NODE - Volatility Comparison

State Street Galaxy Digital Asset Ecosystem ETF (DECO) and VanEck Onchain Economy ETF (NODE) have volatilities of 19.07% and 20.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECO	NODE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.07%	20.06%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	36.72%	38.93%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	47.28%	50.60%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.85%	47.18%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.85%	47.18%	+4.67%

DECO vs. NODE - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is lower than NODE's 0.69% expense ratio.

Dividends

DECO vs. NODE - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.72%, less than NODE's 1.04% yield.

Position	TTM	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.72%	1.16%	1.73%
NODE VanEck Onchain Economy ETF	1.04%	1.12%	0.00%

Frequently Asked Questions

Can I hold both DECO and NODE in my portfolio?

With a correlation of 0.94, DECO 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, DECO or NODE?

NODE has higher volatility (20.06%) compared to DECO (19.07%). In terms of maximum drawdown, DECO dropped -47.71% vs NODE's -35.35%.

Which ETF is better, DECO or NODE?

On 1-year performance, DECO leads with 103.84% vs 25.79% for NODE. On fees, DECO is cheaper at 0.65% per year. On volatility, DECO has been the lower-risk option at 19.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or NODE?

Over the 1-year period, DECO has performed better with a 103.84% return vs 25.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or NODE?

DECO is cheaper with a 0.65% expense ratio, compared with 0.69% for NODE.

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

NODE has the higher dividend yield at 1.04%, compared with 0.72% for DECO.

What is the main difference between DECO and NODE?

They also come from different issuers: State Street and VanEck. Their fees differ too: 0.65% for DECO and 0.69% for NODE.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (1.97 vs 0.40), 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.