NCIQ vs VOO
Hashdex Nasdaq CME Crypto Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NCIQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $266M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 9 | 509 | |
| YTD Return | -17.79% | +12.68% | |
| 1Y Return | -36.77% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 43.2% | 14.1% | |
| Max Drawdown | -57.0% | -34.3% | |
| Fund Family | Hashdex | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2025 | Sep 7, 2010 |
NCIQ vs VOO Performance
Hashdex Nasdaq CME Crypto Index ETF (NCIQ) is a ETF from Hashdex and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NCIQ returned -36.77% while VOO returned +21.87%. Year to date, NCIQ is down 17.79% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
NCIQ has been the more volatile fund, with annualized monthly volatility of 43.2% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.0% for NCIQ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NCIQ charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, NCIQ currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
NCIQ and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NCIQ or VOO?
NCIQ has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, NCIQ or VOO?
Over the past year NCIQ returned -36.77% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), NCIQ annualized -16.35% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, NCIQ or VOO?
NCIQ has been the more volatile fund at 43.2% annualized versus 14.1% for VOO. Worst drawdown: NCIQ -57.0% vs VOO -34.3%.
Should I hold both NCIQ and VOO?
NCIQ and VOO have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCIQ and VOO?
NCIQ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, NCIQ or VOO?
NCIQ yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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