NCIQ ETF — Hashdex Nasdaq CME Crypto Index ETF

Hashdex Nasdaq CME Crypto Index ETF (NCIQ)

Updated October 16, 2026.

NCIQ is an ETF that tracks the Hashdex Nasdaq CME Crypto Index. its expense ratio is 0.25%. Total return is -18.8% over the past 1.7 years, 46.4 points behind SPY at 27.6%.

Hashdex Nasdaq CME Crypto Index ETF is an ETF that passively tracks a rules-based index measuring the performance of crypto assets, constructed from regulated futures markets rather than spot holdings. The fund has a modest expense ratio of 0.25% and does not currently distribute income to shareholders. This fund appeals to investors seeking broad exposure to cryptocurrency markets through a regulated, index-tracking structure.

NCIQ performance versus SPY

Price and return data through 2026-10-16.

Total return is -18.8% over the past 1.7 years, 46.4 points behind SPY at 27.6%. Over the past year its total return — price change plus distributions reinvested — is -29.4%. Its deepest 1-year drawdown was 52.5%.

NCIQ key facts

Issuer

Hashdex

Asset type

ETF

Asset class

Currency

Inception date

02/13/2025

Expense ratio

0.25%

Distribution frequency

None

Last close

$20.31 (as of 2026-10-16)

AUM

$484,759,552

Average volume

15700.0

Beta

2.0848

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Hashdex; Index: Hashdex Nasdaq CME Crypto Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NCIQ risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 52.5%.

Who may consider NCIQ — and who may not

It is a weaker fit for investors who need monthly cash flow (NCIQ does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NCIQ

• All tickers starting with N

Tagged: Crypto, Index, Futures.

Frequently asked questions

More securities from Hashdex.