NODE vs. BITQ

Last updated Aug 1, 2026

NODE (VanEck Onchain Economy ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both Blockchain funds. NODE is actively managed, while BITQ is passively managed. Over the past year, NODE returned 25.79% vs 20.58% for BITQ. Their correlation of 0.95 means they have usually moved in the same direction. NODE charges 0.69%/yr vs 0.85%/yr for BITQ.

Performance

NODE vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Onchain Economy ETF (NODE) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NODE achieves a 7.73% return, which is significantly lower than BITQ's 14.35% return.

NODE

• 1D: -2.28%
• 1M: -7.11%
• 6M: -1.11%
• YTD: 7.73%
• 1Y: 25.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.91%

BITQ

• 1D: -3.47%
• 1M: -4.20%
• 6M: 7.60%
• YTD: 14.35%
• 1Y: 20.58%
• 3Y*: 33.54%
• 5Y*: 1.06%
• 10Y*: —
• ALL TIME*: -0.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITQ Bitwise Crypto Industry Innovators ETF	$2.41M	$2.10M	$3.18M
NODE VanEck Onchain Economy ETF	$281.15K	$306.49K	$518.92K

NODE vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	7.73%	32.27%
BITQ Bitwise Crypto Industry Innovators ETF	14.35%	18.84%

Correlation

The correlation between NODE and BITQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.95

The correlation between NODE and BITQ has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

NODE vs. BITQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NODE

NODE Risk / Return Rank: 22
NODE Sharpe Ratio Rank: 20
NODE Sortino Ratio Rank: 24
NODE Omega Ratio Rank: 23
NODE Calmar Ratio Rank: 21
NODE Martin Ratio Rank: 20

BITQ

BITQ Risk / Return Rank: 17
BITQ Sharpe Ratio Rank: 15
BITQ Sortino Ratio Rank: 20
BITQ Omega Ratio Rank: 19
BITQ Calmar Ratio Rank: 15
BITQ Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NODE vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	NODE	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	0.40	0.20	+0.20
Sortino ratio: Return per unit of downside risk	0.90	0.71	+0.19
Omega ratio: Gain probability vs. loss probability	1.10	1.08	+0.02
Calmar ratio: Return relative to maximum drawdown	0.57	0.26	+0.31
Martin ratio: Return relative to average drawdown	1.19	0.53	+0.66

NODE vs. BITQ - Sharpe Ratio Comparison

The current NODE Sharpe Ratio is 0.40, which is higher than the BITQ Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of NODE and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NODE vs. BITQ - Drawdown Comparison

The maximum NODE drawdown since its inception was -35.35%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for NODE and BITQ.

Drawdown Indicators

	NODE	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-90.32%	+54.97%
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	-44.99%	+9.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-21.12%	-29.70%	+8.58%
Average Drawdown Average peak-to-trough decline	-11.37%	-51.99%	+40.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.88%	22.41%	-5.53%

Volatility

NODE vs. BITQ - Volatility Comparison

VanEck Onchain Economy ETF (NODE) and Bitwise Crypto Industry Innovators ETF (BITQ) have volatilities of 20.06% and 19.68%, 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.

Volatility by Period

	NODE	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.06%	19.68%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	38.93%	44.50%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	50.60%	59.30%	-8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.18%	67.22%	-20.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.18%	67.16%	-19.98%

NODE vs. BITQ - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

NODE vs. BITQ - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 1.04%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
NODE VanEck Onchain Economy ETF	1.04%	1.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NODE and BITQ in my portfolio?

With a correlation of 0.96, NODE and BITQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NODE or BITQ?

NODE has higher volatility (20.06%) compared to BITQ (19.68%). In terms of maximum drawdown, NODE dropped -35.35% vs BITQ's -90.32%.

Which ETF is better, NODE or BITQ?

On 1-year performance, NODE leads with 25.79% vs 20.58% for BITQ. On fees, NODE is cheaper at 0.69% per year. On volatility, BITQ has been the lower-risk option at 19.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NODE or BITQ?

Over the 1-year period, NODE has performed better with a 25.79% return vs 20.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NODE or BITQ?

NODE is cheaper with a 0.69% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, NODE or BITQ?

NODE has the higher dividend yield at 1.04%, compared with 0.00% for BITQ.

What is the main difference between NODE and BITQ?

They also come from different issuers: VanEck and Bitwise. Their fees differ too: 0.69% for NODE and 0.85% for BITQ.

Which has better risk-adjusted returns?

NODE currently has the higher Sharpe Ratio (0.40 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.