Hashdex Nasdaq Crypto Index US ETF (NCIQ) Performance
NCIQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.1% since Dec 31, 2025
- 1 year
- −30.8% total return
- Since first price
- −19.2% since 2025
NCIQ trailing returns vs SPY, QQQ, AGG
| Period | NCIQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.6% | −5.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +25.2% | +25.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.7% | +3.7% | +7.8% | +8.4% | −1.5% |
| YTD | −11.1% | −11.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −30.8% | −30.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 22, 2025 | −19.2% | −19.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NCIQ vs SPY
From Jan 22, 2025: NCIQ grew to $8,082, SPY to $12,778.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NCIQ returns by calendar year
2026 is year to date.
NCIQ annual returns table
| Year | NCIQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.1% | −42.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NCIQ largest drawdowns
Now 40.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2025 | −57.0% | Jun 25, 2026 | not yet | 9 months | 1.0 years so far |
| Feb 20, 2025 | −25.5% | Apr 8, 2025 | May 9, 2025 | 47 days | 3 months |
| Aug 13, 2025 | −12.5% | Sep 25, 2025 | Oct 6, 2025 | 43 days | 54 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NCIQ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −9.4% |
| Volatility (annualized) | 43.8% |
| Sharpe ratio | -0.10 |
| Sortino ratio | -0.14 |
| Best month | +26.6% |
| Worst month | −23.3% |
| Best 12 months | −13.1% |
| Worst 12 months | −49.3% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NCIQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | −49.3% | −31.0% | −13.1% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
NCIQ performance overview
Hashdex Nasdaq Crypto Index US ETF (NCIQ) returned −30.8% over the past year, with distributions reinvested. Since its first recorded price on Jan 22, 2025 it has returned −19.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −57.0%, from Oct 6, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 43.8% a year.
Related: NCIQ chart. See the NCIQ overview for the latest quote and fund facts.
NCIQ performance FAQ
What is the NCIQ return over the past year?
NCIQ returned −30.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 30.8%.
How much would $10,000 invested in NCIQ be worth?
$10,000 invested in NCIQ at its first recorded close on January 22, 2025 would be worth about $8,082 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NCIQ?
The largest peak-to-trough decline was −57.0% between October 6, 2025 and June 25, 2026. It has not yet recovered to that high; it is 40.6% below its peak.
How volatile is NCIQ?
Over the past history NCIQ had an annualized volatility of 43.8% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).