NODE vs. GFOF

Last updated Jun 4, 2026

NODE (VanEck Onchain Economy ETF) and GFOF (Grayscale Future of Finance ETF) are both Blockchain funds. NODE is actively managed, while GFOF is passively managed. NODE charges 0.69%/yr vs 0.70%/yr for GFOF.

Performance

NODE vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Onchain Economy ETF (NODE) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFOF

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

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

NODE vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	33.28%	32.44%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%

Return for Risk

NODE vs. GFOF — Risk / Return Rank

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

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

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.

NODE vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) and Grayscale Future of Finance ETF (GFOF). 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.

	NODE	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	4.50	—	—
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

	NODE	GFOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	—	—

Drawdowns

Drawdown Indicators

	NODE	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	—	—
Current Drawdown Current decline from peak	-2.42%	—	—
Average Drawdown Average peak-to-trough decline	-11.30%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	—	—

Volatility

Volatility by Period

	NODE	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.59%	—	—

NODE vs. GFOF - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

NODE vs. GFOF - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 0.84%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%
NODE VanEck Onchain Economy ETF	0.84%	1.12%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, NODE or GFOF?

On fees, NODE is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NODE or GFOF?

NODE is cheaper with a 0.69% expense ratio, compared with 0.70% for GFOF.

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

NODE has the higher dividend yield at 0.84%, compared with 0.00% for GFOF.

What is the main difference between NODE and GFOF?

They also come from different issuers: VanEck and Grayscale. Their fees differ too: 0.69% for NODE and 0.70% for GFOF.