NCIQ vs SPRX
Comparison between Hashdex Nasdaq Crypto Index US ETF (NCIQ, ETF) and SPEAR ALPHA ETF (SPRX, ETF).
NCIQ vs SPRX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NCIQ
$207M
SPRX
$207M
Expense Ratio
Winner
NCIQ
0.25%
SPRX
0.75%
Max Drawdown
NCIQ
57.05%
Winner
SPRX
51.34%
Sharpe Ratio
NCIQ
-0.79
Winner
SPRX
0.69
5Y Beta
Winner
NCIQ
1.20
SPRX
2.22
P/E Ratio
NCIQ
N/A
SPRX
-321.53
Forward P/E
NCIQ
N/A
SPRX
38.87
PEG Ratio
NCIQ
N/A
SPRX
-0.11
Debt to Equity
NCIQ
N/A
SPRX
39.46%
P/S Ratio
NCIQ
N/A
SPRX
13.99
P/B Ratio
NCIQ
N/A
SPRX
11.44
NCIQ vs SPRX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NCIQ
+22.90%
SPRX
+10.07%
3M
Winner
NCIQ
+7.60%
SPRX
-20.87%
6M
Winner
NCIQ
+17.56%
SPRX
+13.82%
1Y
NCIQ
-36.45%
Winner
SPRX
+26.02%
5Y(CAGR)
NCIQ
N/A
SPRX
+15.96%
Max(CAGR)
NCIQ
-15.40%
Winner
SPRX
+17.06%
NCIQ vs SPRX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NCIQ | SPRX |
|---|---|---|
| 2026 | -16.64% | +9.92% |
| 2025 | -10.21% | +36.86% |
| 2024 | N/A | +26.07% |
| 2023 | N/A | +90.61% |
| 2022 | N/A | -44.77% |
| 2021 | N/A | +8.91% |
NCIQ vs SPRX 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 SPRX was -51.22%, occurring on Nov 9, 2022. Recovery took 557 trading sessions.
The current NCIQ drawdown is -42.36%. The current SPRX drawdown is -24.54%.
| Rank | NCIQ | SPRX |
|---|---|---|
| #1 | -57.05% Oct 6, 2025 - Jun 25, 2026 | -51.22% Nov 8, 2021 - Jan 29, 2024 |
| #2 | -25.48% Feb 20, 2025 - May 9, 2025 | -42.12% Jan 23, 2025 - Jul 9, 2025 |
| #3 | -12.51% Aug 13, 2025 - Oct 6, 2025 | -35.87% Jun 2, 2026 - Jul 29, 2026 |
| #4 | -7.86% May 22, 2025 - Jul 9, 2025 | -24.21% Oct 31, 2025 - Apr 17, 2026 |
| #5 | -4.90% Jul 24, 2025 - Aug 11, 2025 | -23.70% Feb 14, 2024 - Nov 21, 2024 |
| #6 | -3.12% Feb 14, 2025 - Feb 20, 2025 | -11.96% Jan 6, 2025 - Jan 22, 2025 |
| #7 | -2.44% Jul 14, 2025 - Jul 16, 2025 | -10.10% Oct 9, 2025 - Oct 31, 2025 |
| #8 | -2.05% May 13, 2025 - May 20, 2025 | -8.56% Sep 3, 2021 - Oct 28, 2021 |
| #9 | -0.94% Jul 22, 2025 - Jul 24, 2025 | -7.98% Aug 12, 2025 - Sep 9, 2025 |
| #10 | -0.64% Jul 17, 2025 - Jul 22, 2025 | -7.12% May 14, 2026 - May 21, 2026 |
| #11 | -0.40% May 9, 2025 - May 13, 2025 | -6.81% Apr 22, 2026 - May 6, 2026 |
| #12 | N/A | -6.57% Dec 16, 2024 - Dec 26, 2024 |
| #13 | N/A | -5.55% Dec 4, 2024 - Dec 16, 2024 |
| #14 | N/A | -5.54% Dec 26, 2024 - Jan 3, 2025 |
| #15 | N/A | -4.63% Aug 12, 2021 - Aug 24, 2021 |
Correlation
Correlation between NCIQ and SPRX is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.39
-101
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