Understanding the Hashdex Nasdaq Crypto Index US ETF (NCIQ)

What this ETF is trying to do

The Hashdex Nasdaq Crypto Index US ETF (ticker: NCIQ) is an exchange-traded fund that is classified as crypto-related. This means the fund is designed to provide investors with exposure to various digital assets within a crypto index.

What the numbers show

The data shows that NCIQ has experienced a decline in its share price over the last year.

• Year-to-Date (YTD) Performance: The YTD price return is approximately -4.28%. Since no distributions were made, the YTD total return is also -4.28%.

• One-Year Performance: The one-year price return is approximately -34.60%. Because there were no distributions, the one-year total return is also -34.60%.

• Price Comparison: The current price is $21.76. An estimated price from roughly one year ago was approximately $33.27.

Income and distribution explanation

NCIQ does not currently provide regular income to investors. The data shows a distribution yield of 0% and no distributions were detected over the last 12 months. Because there are no payouts, the income rating for this ETF is an "F" grade.

NAV erosion explanation

The fund has a severe erosion-risk flag. This means that StockValueFinder's screening rules detected significant price deterioration. The fund has an erosion score of 30, which is labeled as "Significant price erosion," and the severity is listed as "significant."

It is important to understand that a falling market price is a share-price decline. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• Crypto Exposure: The fund provides a way to invest in a crypto-related index through a single ticker on the NASDAQ.

Cons

• Price Decline: The fund has seen a significant drop in share price over the last year.

• No Income: There are no distributions or dividends being paid to investors.

• Erosion Risk: The fund carries a severe erosion-risk flag due to its price trends.

Beginner takeaway

NCIQ is a crypto-related ETF that has recently seen its share price drop significantly. Investors looking for regular cash income would find that this fund does not currently provide any distributions. Because the price has fallen sharply, the fund has triggered a severe erosion-risk warning based on its price performance.