NCIQ vs SPD
Comparison between Hashdex Nasdaq Crypto Index US ETF (NCIQ, ETF) and SIMPLIFY US EQUITY PLUS DOWNSIDE CONVEXITY ETF (SPD, ETF).
NCIQ vs SPD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NCIQ
$108M
SPD
$108M
Expense Ratio
Winner
NCIQ
0.25%
SPD
0.53%
Max Drawdown
NCIQ
56.19%
Winner
SPD
28.49%
Sharpe Ratio
NCIQ
-1.06
Winner
SPD
0.69
5Y Beta
NCIQ
1.22
Winner
SPD
0.93
5Y Dividends CAGR
NCIQ
N/A
SPD
32.80%
NCIQ vs SPD - Historical Returns
Returns include dividend reinvestment.
1M
NCIQ
-22.43%
Winner
SPD
+0.99%
3M
NCIQ
-12.26%
Winner
SPD
+10.09%
6M
NCIQ
-33.77%
Winner
SPD
+5.45%
1Y
NCIQ
-42.96%
Winner
SPD
+12.37%
5Y(CAGR)
NCIQ
N/A
SPD
+8.03%
Max(CAGR)
NCIQ
-30.49%
Winner
SPD
+10.61%
NCIQ vs SPD - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NCIQ | SPD |
|---|---|---|
| 2026 | -33.40% | +5.48% |
| 2025 | -10.21% | +18.48% |
| 2024 | N/A | +17.92% |
| 2023 | N/A | +21.68% |
| 2022 | N/A | -25.90% |
| 2021 | N/A | +26.54% |
| 2020 | N/A | +8.75% |
NCIQ vs SPD Drawdown Comparison
The maximum drawdown for NCIQ was -56.19%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPD was -27.38%, occurring on Dec 28, 2022. Recovery took 618 trading sessions.
The current NCIQ drawdown is -53.96%. The current SPD drawdown is -1.89%.
| Rank | NCIQ | SPD |
|---|---|---|
| #1 | -56.19% Oct 6, 2025 - Jun 5, 2026 | -27.38% Dec 27, 2021 - Jun 12, 2024 |
| #2 | -25.48% Feb 20, 2025 - May 9, 2025 | -15.18% Dec 11, 2024 - May 2, 2025 |
| #3 | -12.51% Aug 13, 2025 - Oct 6, 2025 | -11.90% Oct 28, 2025 - May 6, 2026 |
| #4 | -7.86% May 22, 2025 - Jul 9, 2025 | -7.24% Oct 12, 2020 - Nov 9, 2020 |
| #5 | -4.90% Jul 24, 2025 - Aug 11, 2025 | -7.02% Jul 16, 2024 - Sep 30, 2024 |
| #6 | -3.12% Feb 14, 2025 - Feb 20, 2025 | -5.56% Aug 30, 2021 - Oct 28, 2021 |
| #7 | -2.44% Jul 14, 2025 - Jul 16, 2025 | -5.44% Sep 4, 2020 - Oct 8, 2020 |
| #8 | -2.05% May 13, 2025 - May 20, 2025 | -4.47% Nov 8, 2021 - Dec 10, 2021 |
| #9 | -0.94% Jul 22, 2025 - Jul 24, 2025 | -4.47% Jul 3, 2025 - Sep 11, 2025 |
| #10 | -0.64% Jul 17, 2025 - Jul 22, 2025 | -4.17% Feb 12, 2021 - Mar 15, 2021 |
| #11 | -0.40% May 9, 2025 - May 13, 2025 | -3.94% Jun 2, 2026 - Jun 10, 2026 |
| #12 | N/A | -3.63% May 7, 2021 - May 28, 2021 |
| #13 | N/A | -3.55% May 19, 2025 - Jun 27, 2025 |
| #14 | N/A | -3.16% Jan 20, 2021 - Feb 4, 2021 |
| #15 | N/A | -2.96% Oct 6, 2025 - Oct 24, 2025 |
Correlation
Correlation between NCIQ and SPD is -0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.06
-101
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