STCE

Schwab Crypto Thematic ETF

STCE tracks an index of globally listed companies that enable the cryptocurrency ecosystem. The fund selects and weights companies based on thematic relevance through a proprietary NLP algorithm.


Rules-Based, Concentrated

MANAGEMENT MATRIX

BITQ

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorCharles Schwab
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateAug 04, 2022
Assets (mns)$36
Expense ratio30 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICROSTRATEGY INC-CL A 13.0 %
COINBASE GLOBAL, INC. CLASS A 9.2 %
MARATHON DIGITAL HOLDINGS INC 5.1 %
BLOCK INC. 4.0 %
ROBINHOOD MARKETS, INC. CLASS A 3.9 %
PAYPAL HOLDINGS INC 3.8 %
RIOT BLOCKCHAIN INC 3.6 %
INTERACTIVE BROKERS GRO-CL A 3.6 %
NVIDIA CORP 2.9 %
CBOE HOLDINGS INC 2.8 %
Constituent Breakdown
Number of holdings41
Herfindahl-Hirschman Index 503
Wgt avg mkt cap (mns)$69,632
Large cap (>$10bn)63.3%
Mid cap ($2-10bn)11.9%
Small cap (<$2bn)24.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 66.4 %
JAPAN 5.7 %
BRITAIN 1.7 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-9.0% 41.4% -- -- -- -- 41.7%
Market Correlations
versus...BetaR-squared
S&P 5003.3963%
MSCI EAFE3.3962%
MSCI Emg Mkts3.1661%
Liquidity Measures
Avg. volume (000)12
Turnover1.2%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$41,369
Technical Indicators
Recent close$35.71
30d moving avg.$24.16
Annualized volatility64.6%
Relative strength (RSI)73
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: STCE vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.6 61.7 3.3 0.9% --
Based on closing prices from 5/16/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
STCE



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

STCE

-8.0%

Cat. Avg

3.7%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-8.0%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 341 funds in the Global Equities category, with an average ALTAR Score™ of 3.7% and a standard deviation of 4.8%. STCE's ALTAR Score™ is approximately 2.4 standard deviations below the category average. This places STCE in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
STCE
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
STCE 30.0 18.5 48.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .