NGHT vs. EZPZ
NGHT (Nicholas Bitcoin and Treasuries AfterDark ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. NGHT is actively managed, while EZPZ is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. NGHT charges 0.97%/yr vs 0.19%/yr for EZPZ.
Performance
NGHT vs. EZPZ - Performance Comparison
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Returns By Period
NGHT
- 1D
- -1.38%
- 1M
- 1.96%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZPZ
- 1D
- -0.21%
- 1M
- 7.00%
- 6M
- -35.15%
- YTD
- -29.84%
- 1Y
- -41.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NGHT vs. EZPZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF | -15.90% |
EZPZ Franklin Crypto Index ETF | -8.94% |
Correlation
The correlation between NGHT and EZPZ is 0.77, 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 Apr 8, 2026 | 0.77 |
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Return for Risk
NGHT vs. EZPZ — Risk / Return Rank
NGHT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EZPZ
NGHT vs. EZPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) 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.
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.
| NGHT | EZPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.87 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.73 | — |
| Martin ratioReturn relative to average drawdown | — | -1.20 | — |
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Drawdowns
NGHT vs. EZPZ - Drawdown Comparison
The maximum NGHT drawdown since its inception was -21.53%, smaller than the maximum EZPZ drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for NGHT and EZPZ.
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Drawdown Indicators
| NGHT | EZPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.53% | -56.63% | +35.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.63% | — |
Current DrawdownCurrent decline from peak | -19.99% | -52.69% | +32.70% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -23.71% | +14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 34.36% | — |
Volatility
NGHT vs. EZPZ - Volatility Comparison
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Volatility by Period
| NGHT | EZPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.93% | 47.89% | -17.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.93% | 47.68% | -17.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.93% | 47.68% | -17.75% |
NGHT vs. EZPZ - Expense Ratio Comparison
NGHT has a 0.97% expense ratio, which is higher than EZPZ's 0.19% expense ratio.
Dividends
NGHT vs. EZPZ - Dividend Comparison
Neither NGHT nor EZPZ has paid dividends to shareholders.
Frequently Asked Questions
NGHT and EZPZ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZPZ is cheaper with a 0.19% expense ratio, compared with 0.97% for NGHT.
NGHT and EZPZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Nicholas and Franklin Templeton. Their fees differ too: 0.97% for NGHT and 0.19% for EZPZ.
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