NODE vs TCAN: which is really different?

NODE and TCAN hold 0% of their weight in the same names. Onchain Economy ETF and 21Shares Canton Network ETF.

9.2%
NODE in the S&P 500
0.0%
TCAN in the S&P 500
−3.4%
NODE total return, 1 year
−13.6%
TCAN total return, since launch
NODE · 1 year to Sep 30, 202691% of its weight is outside the S&P 500
91% of its weight is outside the S&P 5009% of NODE's weight is in S&P 500 companies and 91% is outside the index9%91%inof its weight outside the S&P 500active share 98% · top ten 57% of the fund · 40 holdings filed Sep 30, 2026 · Nasdaq-100: 5% in91% of its weight is outside the S&P 5009% of NODE's weight is in S&P 500 companies and 91% is outside the index9%91%inof its weight outside the S&P 500active share 98% · top ten 57% of the fund

9% of NODE's weight is in S&P 500 companies and 91% is outside the index

TCAN · 3 months to Sep 30, 2026100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of TCAN's weight is in S&P 500 companies and 100% is outside the index0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 100% of the fund · 2 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of TCAN's weight is in S&P 500 companies and 100% is outside the index0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 100% of the fund

0% of TCAN's weight is in S&P 500 companies and 100% is outside the index

ETFIQ Off-Index Score · TCAN scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, NODE and TCAN hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding NODE TCAN
Only in NODE
VanEck Bitcoin ETF 16.90%
Iren Ltd 5.32%
Figure Technology Solutions Inc 5.23%
Hut 8 Corp 5.18%
Cipher Mining Inc 4.80%
Terawulf Inc 4.65%
Cleanspark Inc 4.10%
Riot Platforms Inc 3.87%
Only in TCAN
21Shares AG 53.31%
Canton Coin 46.69%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowNODETCANNODETCANNODETCAN
3 months−7.2%−10.4%−9.7 pts−12.9 pts−9.3 pts−12.5 pts
6 months+19.9%not published+3.0 ptsnot published−6.9 ptsnot published
1 year−3.4%not published−19.1 ptsnot published−27.2 ptsnot published
Since launch
NODE May 2025 · TCAN May 2026
+48.9%−13.6%+17.0 pts−18.3 pts+5.3 pts−20.3 pts

NODE and TCAN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NODE
Onchain Economy ETF · Holds 40 stocks in stablecoins and tokenisation, 9% of its weight in S&P 500 companies
TCAN
21Shares Canton Network ETF · Holds 2 stocks in stablecoins and tokenisation, 0% of its weight in S&P 500 companies
Issuer VanEck 21Shares
Theme Stablecoins and tokenisation Stablecoins and tokenisation
In the S&P 500 9.2% 0.0%
Active share vs the S&P 500 98.2% 100.0%
In the Nasdaq-100 4.7% 0.0%
Holdings 40 2
Top ten, share of the fund 56.9% 100.0%
Expense ratio 0.67% 0.50%
Fee for the differing part 0.68% 0.50%
Total return, 1 year −3.4% −13.6% (since launch on May 7, 2026)
vs the S&P 500 −19.1 pts −18.3 pts
vs the Nasdaq-100 −27.2 pts −20.3 pts
Below its high −17.6% −24.6%
Net assets $71m $9m

NODE and TCAN on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NODE in plain words

By weight, 9% of NODE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 40 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −3.4% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 19.1 pts. It sits 17.6% below its all-time high of Jun 1, 2026.

TCAN in plain words

By weight, 0% of TCAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 100% of the fund across 2 positions, as filed for Jun 30, 2026. Since it launched on May 7, 2026 the fund returned −13.6% with distributions reinvested against +4.8% for the S&P 500, so a holder was behind by 18.3 pts. It sits 24.6% below its all-time high of May 15, 2026.

Questions people ask

Do NODE and TCAN hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, NODE or TCAN?
NODE has 9% of its weight in S&P 500 names and TCAN has 0%, so TCAN differs more from the index.
Which is cheaper, NODE or TCAN?
NODE charges 0.67% a year and TCAN charges 0.50%, so TCAN is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, NODE against TCAN, data as of Sep 30, 2026. https://etfiq.com/compare/themes/node-vs-tcan

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.