TCAN vs. NODE
TCAN (21Shares Canton Network ETF) and NODE (VanEck Onchain Economy ETF) are both Blockchain funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. TCAN charges 0.50%/yr vs 0.69%/yr for NODE.
Performance
TCAN vs. NODE - Performance Comparison
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Returns By Period
TCAN
- 1D
- -5.65%
- 1M
- -19.39%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NODE
- 1D
- -5.85%
- 1M
- -17.90%
- 6M
- -6.69%
- YTD
- 8.65%
- 1Y
- 20.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TCAN vs. NODE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TCAN 21Shares Canton Network ETF | -10.10% |
NODE VanEck Onchain Economy ETF | -18.30% |
Correlation
The correlation between TCAN and NODE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 7, 2026 | 0.39 |
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Return for Risk
TCAN vs. NODE — Risk / Return Rank
TCAN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NODE
TCAN vs. NODE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Canton Network ETF (TCAN) and VanEck Onchain Economy ETF (NODE). 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.
| TCAN | NODE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.57 | — |
| Martin ratioReturn relative to average drawdown | — | 1.22 | — |
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Drawdowns
TCAN vs. NODE - Drawdown Comparison
The maximum TCAN drawdown since its inception was -24.34%, smaller than the maximum NODE drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for TCAN and NODE.
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Drawdown Indicators
| TCAN | NODE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -35.35% | +11.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.35% | — |
Current DrawdownCurrent decline from peak | -21.35% | -20.45% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -11.09% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.41% | — |
Volatility
TCAN vs. NODE - Volatility Comparison
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Volatility by Period
| TCAN | NODE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.57% | 47.93% | +13.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.57% | 45.51% | +16.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.57% | 45.51% | +16.06% |
TCAN vs. NODE - Expense Ratio Comparison
TCAN has a 0.50% expense ratio, which is lower than NODE's 0.69% expense ratio.
Dividends
TCAN vs. NODE - Dividend Comparison
TCAN has not paid dividends to shareholders, while NODE's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 |
|---|---|---|
NODE VanEck Onchain Economy ETF | 1.03% | 1.12% |
TCAN 21Shares Canton Network ETF | 0.00% | 0.00% |
Frequently Asked Questions
TCAN and NODE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCAN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCAN is cheaper with a 0.50% expense ratio, compared with 0.69% for NODE.
NODE has the higher dividend yield at 1.03%, compared with 0.00% for TCAN.
They also come from different issuers: 21Shares and VanEck. Their fees differ too: 0.50% for TCAN and 0.69% for NODE.
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