NCIQ vs. EZPZ
Compare and contrast key facts about Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Crypto Index ETF (EZPZ).
NCIQ and EZPZ 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. EZPZ is a passively managed fund by Franklin Templeton that tracks the performance of the CF Institutional Digital Asset Index – US-Settlement Price. It was launched on Feb 20, 2025. Both NCIQ and EZPZ 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. EZPZ - Performance Comparison
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NCIQ vs. EZPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCIQ Hashdex Nasdaq Crypto Index US ETF | -23.64% | -11.32% |
EZPZ Franklin Crypto Index ETF | -23.94% | -10.23% |
Returns By Period
The year-to-date returns for both stocks are quite close, with NCIQ having a -23.64% return and EZPZ slightly lower at -23.94%.
NCIQ
- 1D
- 0.75%
- 1M
- -1.26%
- YTD
- -23.64%
- 6M
- -45.48%
- 1Y
- -19.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZPZ
- 1D
- 2.11%
- 1M
- 3.63%
- YTD
- -23.94%
- 6M
- -43.46%
- 1Y
- -16.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NCIQ vs. EZPZ - Expense Ratio Comparison
NCIQ has a 0.25% expense ratio, which is higher than EZPZ'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. EZPZ — Risk / Return Rank
NCIQ
EZPZ
NCIQ vs. EZPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Crypto Index ETF (EZPZ). 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 | EZPZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.33 | -0.06 |
Sortino ratioReturn per unit of downside risk | -0.27 | -0.16 | -0.10 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.98 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.33 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.67 | -0.71 | +0.04 |
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 | EZPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.33 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | -0.59 | +0.01 |
Correlation
The correlation between NCIQ and EZPZ is 1.00, 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. EZPZ - Dividend Comparison
Neither NCIQ nor EZPZ has paid dividends to shareholders.
Drawdowns
NCIQ vs. EZPZ - Drawdown Comparison
The maximum NCIQ drawdown since its inception was -52.90%, roughly equal to the maximum EZPZ drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for NCIQ and EZPZ.
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Drawdown Indicators
| NCIQ | EZPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -52.38% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -52.90% | -52.38% | -0.52% |
Current DrawdownCurrent decline from peak | -48.93% | -48.71% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -18.25% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.05% | 24.42% | +0.63% |
Volatility
NCIQ vs. EZPZ - Volatility Comparison
Hashdex Nasdaq Crypto Index US ETF (NCIQ) and Franklin Crypto Index ETF (EZPZ) have volatilities of 13.66% and 14.00%, 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 | EZPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.66% | 14.00% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 40.15% | 39.76% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 48.54% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.63% | 49.47% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.63% | 49.47% | +0.16% |