NCIQ vs. ARKY

Last updated Jun 5, 2026

NCIQ (Hashdex Nasdaq Crypto Index US ETF) and ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) are both Cryptocurrency funds. NCIQ is passively managed, while ARKY is actively managed. NCIQ charges 0.25%/yr vs 1.00%/yr for ARKY.

Performance

NCIQ vs. ARKY - 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 Active Bitcoin Ethereum Strategy ETF (ARKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NCIQ

• 1D: -2.79%
• 1M: -21.86%
• YTD: -30.25%
• 6M: -34.70%
• 1Y: -41.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCIQ vs. ARKY - Yearly Performance Comparison

	2026 (YTD)
NCIQ Hashdex Nasdaq Crypto Index US ETF	-10.47%
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%

Return for Risk

NCIQ vs. ARKY — Risk / Return Rank

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

NCIQ

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

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. ARKY - 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 Active Bitcoin Ethereum Strategy ETF (ARKY). 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	ARKY	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	—	—
Sortino ratio: Return per unit of downside risk	-1.20	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.32	—	—
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	ARKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	—	—

Drawdowns

NCIQ vs. ARKY - Drawdown Comparison

The maximum NCIQ drawdown since its inception was -53.35%, which is greater than ARKY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NCIQ and ARKY.

Drawdown Indicators

	NCIQ	ARKY	Difference
Max Drawdown Largest peak-to-trough decline	-53.35%	0.00%	-53.35%
Max Drawdown (1Y) Largest decline over 1 year	-53.35%	—	—
Current Drawdown Current decline from peak	-53.35%	0.00%	-53.35%
Average Drawdown Average peak-to-trough decline	-21.95%	0.00%	-21.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.13%	—	—

Volatility

Volatility by Period

	NCIQ	ARKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.24%	0.00%	+47.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.79%	0.00%	+47.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.79%	0.00%	+47.79%

NCIQ vs. ARKY - Expense Ratio Comparison

NCIQ has a 0.25% expense ratio, which is lower than ARKY's 1.00% expense ratio.

Dividends

NCIQ vs. ARKY - Dividend Comparison

Neither NCIQ nor ARKY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, NCIQ or ARKY?

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 ARKY?

NCIQ is cheaper with a 0.25% expense ratio, compared with 1.00% for ARKY.

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

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

What is the main difference between NCIQ and ARKY?

They also come from different issuers: Hashdex and ARK. Their fees differ too: 0.25% for NCIQ and 1.00% for ARKY.