NCIQ vs. EZBC
Compare and contrast key facts about Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Bitcoin ETF (EZBC).
NCIQ and EZBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NCIQ is a passively managed fund by Hashdex that tracks the performance of the Nasdaq Crypto US Settlement Price™ Index. It was launched on Feb 13, 2025. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both NCIQ and EZBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NCIQ vs. EZBC - Performance Comparison
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NCIQ vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCIQ Hashdex Nasdaq Crypto Index US ETF | -23.64% | -10.21% |
EZBC Franklin Bitcoin ETF | -22.09% | -10.30% |
Returns By Period
In the year-to-date period, NCIQ achieves a -23.64% return, which is significantly lower than EZBC's -22.09% return.
NCIQ
- 1D
- 0.75%
- 1M
- -1.26%
- YTD
- -23.64%
- 6M
- -45.48%
- 1Y
- -19.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- 0.59%
- 1M
- -1.43%
- YTD
- -22.09%
- 6M
- -42.07%
- 1Y
- -19.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NCIQ vs. EZBC - Expense Ratio Comparison
NCIQ has a 0.25% expense ratio, which is higher than EZBC's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NCIQ vs. EZBC — Risk / Return Rank
NCIQ
EZBC
NCIQ vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Bitcoin ETF (EZBC). 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 | EZBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.44 | +0.05 |
Sortino ratioReturn per unit of downside risk | -0.27 | -0.37 | +0.10 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.96 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.35 | +0.03 |
Martin ratioReturn relative to average drawdown | -0.67 | -0.75 | +0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCIQ | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.44 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | 0.36 | -0.94 |
Correlation
The correlation between NCIQ and EZBC is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NCIQ vs. EZBC - Dividend Comparison
Neither NCIQ nor EZBC has paid dividends to shareholders.
Drawdowns
NCIQ vs. EZBC - Drawdown Comparison
The maximum NCIQ drawdown since its inception was -52.90%, which is greater than EZBC's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for NCIQ and EZBC.
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Drawdown Indicators
| NCIQ | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -49.37% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -52.90% | -49.37% | -3.53% |
Current DrawdownCurrent decline from peak | -48.93% | -45.77% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -14.18% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.05% | 23.25% | +1.80% |
Volatility
NCIQ vs. EZBC - Volatility Comparison
Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Bitcoin ETF (EZBC) have volatilities of 13.66% and 13.02%, 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.
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Volatility by Period
| NCIQ | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.66% | 13.02% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 40.15% | 36.81% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 45.37% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.63% | 51.08% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.63% | 51.08% | -1.45% |