ETF Evaluator:
VanEck Onchain Economy ETF ()
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(as of Aug 26)
Best Performing in Equity Digital Assets Over the Last Year
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| 20.3% | VanEck Onchain Economy ETF (NODE) |
Risk
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Risk
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ETF Details
VanEck Onchain Economy ETF Overview
VanEck Onchain Economy ETF (NODE) is an actively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). VanEck launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund seeks to achieve its investment objective by investing at least 80% of its net assets in Digital Transformation Companies and/or Digital Asset Instruments. “Digital Asset Instruments” include commodity futures contracts, exchange-traded commodity linked instruments (including options and options on futures contracts), swaps and exchange-traded pooled investment vehicles that provide exposure to one or more digital assets. The fund is non-diversified.
About VanEck Onchain Economy ETF (NODE)
There are 1 members of the management team with an average tenure of 1.22 years: Matthew Sigel (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
VanEck Onchain Economy ETF has 58 securities in its portfolio. The top 10 holdings constitute 52.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Onchain Economy ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck Onchain Economy ETF has 19.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.1% There is 19.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Onchain Economy ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $63 million in total assets, which is below the $181 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NODE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Onchain Economy ETF expense ratio is above average compared to funds in the Equity Digital Assets category. VanEck Onchain Economy ETF has an expense ratio of 0.67%, which is 1% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Onchain Economy ETF has a portfolio turnover rate of 81%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 91% for the Equity Digital Assets category.
Recently, in the month of July 2026, VanEck Onchain Economy ETF returned -13.3%, which earned it a grade of F, as the Equity Digital Assets category had an average return of -8.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Onchain Economy ETF has a trailing yield of 1.04%, which is below the 5.75% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Onchain Economy ETF Grades
Year to date, the ETF has returned 8.2%, 1.1 percentage points worse than the category, which translates into a grade of B. The fund has returned 20.3% over the past year (grade of B).
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NODE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NODE Return (NAV) | -13.3% | -6.9% | 20.3% | na | na | na |
| NODE Return (Price) | -13.5% | -7.3% | 20.0% | na | na | na |
| NAV +/- Price Return | 0.205% | 0.333% | 0.260% | na | na | na |
| Equity Digital Assets Avg | -8.3% | -2.1% | 14.8% | 28.7% | 0.9% | na |
| NODE Grade (NAV) | F | D | B | na | na | na |
| +/- Category (NAV) | -5.0% | -4.8% | 5.4% | na | na | na |
| NODE Tax-Cost Ratio | na | na | 0.4% | na | na | na |
NODE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NODE Return (NAV) | 8.2% | na | na | na | na | na | na | na | na | na | na |
| NODE Return (Price) | 7.7% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.056% | na | na | na | na | na | na | na | na | na | na |
| Equity Digital Assets Avg | 9.3% | 25.2% | 41.5% | 213.3% | -78.9% | 31.6% | 88.2% | 29.2% | na | na | na |
| NODE Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.1% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 63 Mil |
| Share Class Assets: | $ 63 Mil |
| Turnover: | 81.0% |
| Expense Ratio: | 0.67% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.2 years | |||
| Average Tenure: 1.2 years | |||
| Managers (Year): Sigel Matthew (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 52.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 19.7% |
Portfolio Allocation |
|
| Domestic Stock: | 80.1% |
| Foreign Stock: | 19.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-1115 |
| Website: | www.vaneck.com |
| Inception Date: | May 13, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.67% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.67% |
