NCIQ vs BSMV

Comparison between Hashdex Nasdaq Crypto Index US ETF (NCIQ, ETF) and Invesco BulletShares 2031 Municipal Bond ETF (BSMV, ETF).

NCIQ vs BSMV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NCIQ(ETF)	BSMV(ETF)
Net Assets	$190M	$189M
Expense Ratio	0.25%	0.18%
Max Drawdown	57.05%	22.14%
Sharpe Ratio	-1.14	0.16
5Y Beta	1.24	0.03

Net Assets

Winner

NCIQ

$190M

BSMV

$189M

Expense Ratio

NCIQ

0.25%

Winner

BSMV

0.18%

Max Drawdown

NCIQ

57.05%

Winner

BSMV

22.14%

Sharpe Ratio

NCIQ

-1.14

Winner

BSMV

0.16

5Y Beta

NCIQ

1.24

Winner

BSMV

0.03

NCIQ vs BSMV - Historical Returns

Returns include dividend reinvestment.

Period	NCIQ	BSMV
1 month	+3.83%	-0.64%
3 months	-12.63%	-0.40%
6 months	-29.68%	-0.47%
1 year	-46.63%	+4.05%
5 years(CAGR)	N/A	-1.12%
Max(CAGR)	-25.79%	-1.12%

Winner

NCIQ

+3.83%

BSMV

-0.64%

NCIQ

-12.63%

Winner

BSMV

-0.40%

NCIQ

-29.68%

Winner

BSMV

-0.47%

NCIQ

-46.63%

Winner

BSMV

+4.05%

5Y(CAGR)

NCIQ

N/A

BSMV

-1.12%

Max(CAGR)

NCIQ

-25.79%

Winner

BSMV

-1.12%

NCIQ vs BSMV - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	NCIQ	BSMV
2026	-29.66%	+0.03%
2025	-10.21%	+3.81%
2024	N/A	-0.20%
2023	N/A	+6.68%
2022	N/A	-15.05%
2021	N/A	+0.66%

NCIQ vs BSMV Drawdown Comparison

The maximum drawdown for NCIQ was -57.05%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The maximum drawdown for BSMV was -20.68%, occurring on Oct 25, 2022. This drawdown has not yet recovered.

The current NCIQ drawdown is -51.37%. The current BSMV drawdown is -5.98%.

Rank	NCIQ	BSMV
#1	-57.05% Oct 6, 2025 - Jun 25, 2026	-20.68% Dec 16, 2021 - Oct 25, 2022
#2	-25.48% Feb 20, 2025 - May 9, 2025	-1.70% Sep 22, 2021 - Dec 2, 2021
#3	-12.51% Aug 13, 2025 - Oct 6, 2025	-0.33% Dec 3, 2021 - Dec 13, 2021
#4	-7.86% May 22, 2025 - Jul 9, 2025	-0.26% Dec 13, 2021 - Dec 16, 2021
#5	-4.90% Jul 24, 2025 - Aug 11, 2025	N/A
#6	-3.12% Feb 14, 2025 - Feb 20, 2025	N/A
#7	-2.44% Jul 14, 2025 - Jul 16, 2025	N/A
#8	-2.05% May 13, 2025 - May 20, 2025	N/A
#9	-0.94% Jul 22, 2025 - Jul 24, 2025	N/A
#10	-0.64% Jul 17, 2025 - Jul 22, 2025	N/A
#11	-0.40% May 9, 2025 - May 13, 2025	N/A

Correlation

Correlation between NCIQ and BSMV is -0.57 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.57

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