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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
94.0 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Charles Schwab |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 04, 2022 |
| Assets (mns) | $94 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 7.0 % |
| IREN LTD | 6.2 % |
| MICROSTRATEGY INC-CL A | 5.9 % |
| CIPHER MINING INC | 5.8 % |
| ROBINHOOD MARKETS, INC. CLASS A | 5.3 % |
| HUT CORP | 5.0 % |
| BITDEER TECHNOLOGIES GROUP CLASS A | 4.6 % |
| INTERACTIVE BROKERS GRO-CL A | 4.3 % |
| BIT DIGITAL INC | 4.0 % |
| RIOT BLOCKCHAIN INC | 3.8 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 428 |
| Wgt avg mkt cap (mns) | $16,544 |
| Large cap (>$10bn) | 52.8% |
| Mid cap ($2-10bn) | 20.5% |
| Small cap (<$2bn) | 26.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 48.4 % |
 |
JAPAN | 4.2 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.9% | 12.1% | 43.1% | -- | -- | -- | 20.4% | Volatility | 61.9% | 59.3% | 53.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.48 | 57% |
| MSCI EAFE | 2.29 | 29% |
| MSCI Emg Mkts | 2.40 | 30% |
Liquidity Measures
| Avg. volume (000) | 64 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $32,280 |
Technical Indicators
| Recent close | $36.16 |
| 30d moving avg. | $45.13 |
| Annualized volatility | 60.3% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.4% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. STCE |
Expenses vs. STCE |
ALTAR Score™ vs. STCE |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 28.5% | +45 bp | +0.8% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 25.6% | +55 bp | -3.9% |
| DAPP | VanEck Digital Transformation ETF | 23.0% | +20 bp | -4.6% |
| BKCH | Global X Blockchain ETF | 22.7% | +20 bp | -4.9% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 22.5% | +38 bp | +4.1% |
| BWEB | Bitwise Web3 ETF | 20.0% | +55 bp | +0.9% |
| IBLC | iShares Blockchain and Tech ETF | 19.9% | +17 bp | -1.3% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 18.9% | +55 bp | -3.6% |
| ARKF | ARK Fintech Innovation ETF | 18.4% | +45 bp | -0.2% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 15.6% | +9 bp | -2.5% |
Risk and Returns: STCE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 3/14/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
STCE
0.0%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 360 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.9%. STCE's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places STCE in the 21st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
STCESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| STCE (30 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
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. | 56.2 | 38.0 | 94.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .