NCIQ vs. ARKD

Last updated Jun 4, 2026

NCIQ (Hashdex Nasdaq Crypto Index US ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both Cryptocurrency funds. NCIQ is passively managed, while ARKD is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. NCIQ charges 0.25%/yr vs 0.90%/yr for ARKD.

Performance

NCIQ vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hashdex Nasdaq Crypto Index US ETF (NCIQ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NCIQ

• 1D: -2.92%
• 1M: -18.28%
• YTD: -28.25%
• 6M: -33.10%
• 1Y: -40.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKD

• 1D: -1.44%
• 1M: -0.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCIQ vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
NCIQ Hashdex Nasdaq Crypto Index US ETF	-30.60%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-2.04%

Correlation

The correlation between NCIQ and ARKD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.66

Return for Risk

NCIQ vs. ARKD — Risk / Return Rank

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

NCIQ

NCIQ Risk / Return Rank: 3
NCIQ Sharpe Ratio Rank: 2
NCIQ Sortino Ratio Rank: 3
NCIQ Omega Ratio Rank: 3
NCIQ Calmar Ratio Rank: 3
NCIQ Martin Ratio Rank: 3

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.

NCIQ vs. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index US ETF (NCIQ) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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.

	NCIQ	ARKD	Difference
Sharpe ratio Return per unit of total volatility	-0.85	—	—
Sortino ratio Return per unit of downside risk	-1.15	—	—
Omega ratio Gain probability vs. loss probability	0.87	—	—
Calmar ratio Return relative to maximum drawdown	-0.76	—	—
Martin ratio Return relative to average drawdown	-1.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NCIQ	ARKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	-0.25	-0.36

Drawdowns

NCIQ vs. ARKD - Drawdown Comparison

The maximum NCIQ drawdown since its inception was -52.90%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for NCIQ and ARKD.

Drawdown Indicators

	NCIQ	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-52.90%	-14.03%	-38.87%
Max Drawdown (1Y) Largest decline over 1 year	-52.90%	—	—
Current Drawdown Current decline from peak	-52.01%	-4.51%	-47.50%
Average Drawdown Average peak-to-trough decline	-21.86%	-6.21%	-15.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.94%	—	—

Volatility

Volatility by Period

	NCIQ	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.21%	19.81%	+27.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.80%	19.81%	+27.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.80%	19.81%	+27.99%

NCIQ vs. ARKD - Expense Ratio Comparison

NCIQ has a 0.25% expense ratio, which is lower than ARKD's 0.90% expense ratio.

Dividends

NCIQ vs. ARKD - Dividend Comparison

Neither NCIQ nor ARKD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NCIQ and ARKD in my portfolio?

NCIQ and ARKD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NCIQ or ARKD?

On fees, NCIQ is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NCIQ or ARKD?

NCIQ is cheaper with a 0.25% expense ratio, compared with 0.90% for ARKD.

Which ETF pays a higher dividend yield, NCIQ or ARKD?

NCIQ and ARKD have nearly identical dividend yields, around 0.00%.

What is the main difference between NCIQ and ARKD?

They also come from different issuers: Hashdex and ARK. Their fees differ too: 0.25% for NCIQ and 0.90% for ARKD.