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
30 bp
EXPENSES
$41.2 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Charles Schwab |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 04, 2022 |
| Assets (mns) | $41 |
| 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 +
| MICROSTRATEGY INC-CL A | 7.7 % |
| COINBASE GLOBAL, INC. CLASS A | 7.5 % |
| MARATHON DIGITAL HOLDINGS INC | 5.2 % |
| RIOT BLOCKCHAIN INC | 4.2 % |
| BLOCK INC. | 3.5 % |
| ROBINHOOD MARKETS, INC. CLASS A | 3.2 % |
| INTERACTIVE BROKERS GRO-CL A | 2.7 % |
| CBOE HOLDINGS INC | 2.6 % |
| PAYPAL HOLDINGS INC | 2.6 % |
| WISDOMTREE INVESTMENTS INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 475 |
| Wgt avg mkt cap (mns) | $16,767 |
| Large cap (>$10bn) | 59.9% |
| Mid cap ($2-10bn) | 12.0% |
| Small cap (<$2bn) | 28.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 50.3 % |
 |
JAPAN | 4.1 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.1% | 45.2% | -- | -- | -- | -- | 46.9% | Volatility | 55.3% | 48.7% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.26 | 61% |
| MSCI EAFE | 3.15 | 59% |
| MSCI Emg Mkts | 3.12 | 60% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $52,172 |
Technical Indicators
| Recent close | $37.49 |
| 30d moving avg. | $38.28 |
| Annualized volatility | 61.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 1.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. STCE |
Expenses vs. STCE |
ALTAR Score™ vs. STCE |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 30.8% | +45 bp | -1.1% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 28.0% | +55 bp | -3.6% |
| GFOF | Grayscale Future of Finance ETF | 27.0% | +40 bp | -1.8% |
| DAPP | VanEck Digital Transformation ETF | 26.8% | +20 bp | -3.6% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 25.7% | +55 bp | -3.1% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 23.9% | +38 bp | +2.2% |
| IBLC | iShares Blockchain and Tech ETF | 23.4% | +17 bp | -3.0% |
| BKCH | Global X Blockchain ETF | 21.7% | +20 bp | -5.7% |
| BWEB | Bitwise Web3 ETF | 19.2% | +55 bp | -1.1% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 18.3% | +31 bp | -3.1% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
STCE
2.1%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.1% |
Recommendation
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.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. STCE's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places STCE in the 34th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
STCE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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 | 7 |
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. | 56.7 | 40.3 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .