NCIQ vs VYM
Hashdex Nasdaq CME Crypto Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | NCIQ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $266M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 9 | 616 | |
| YTD Return | -17.79% | +15.34% | |
| 1Y Return | -36.77% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 43.2% | 14.6% | |
| Max Drawdown | -57.0% | -58.8% | |
| Fund Family | Hashdex | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2025 | Nov 10, 2006 |
NCIQ vs VYM Performance
Hashdex Nasdaq CME Crypto Index ETF (NCIQ) is a ETF from Hashdex and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NCIQ returned -36.77% while VYM returned +23.24%. Year to date, NCIQ is down 17.79% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
NCIQ has been the more volatile fund, with annualized monthly volatility of 43.2% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NCIQ charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, NCIQ currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
NCIQ and VYM share 0 holdings out of 604 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 VYM?
NCIQ has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, NCIQ or VYM?
Over the past year NCIQ returned -36.77% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), NCIQ annualized -16.35% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, NCIQ or VYM?
NCIQ has been the more volatile fund at 43.2% annualized versus 14.6% for VYM. Worst drawdown: NCIQ -57.0% vs VYM -58.8%.
Should I hold both NCIQ and VYM?
NCIQ and VYM have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCIQ and VYM?
NCIQ and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, NCIQ or VYM?
NCIQ yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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