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.
Fund Basics
| Fund sponsor | Charles Schwab |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 04, 2022 |
| Assets (mns) | $15 |
| 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 | 10.5 % |
| MICROSTRATEGY INC-CL A | 10.4 % |
| MARATHON DIGITAL HOLDINGS INC | 7.2 % |
| RIOT BLOCKCHAIN INC | 6.6 % |
| BLOCK INC. | 4.7 % |
| PAYPAL HOLDINGS, INC. | 3.5 % |
| CBOE HOLDINGS INC | 3.5 % |
| INTERACTIVE BROKERS GRO-CL A | 2.5 % |
| ROBINHOOD MARKETS, INC. CLASS A | 2.2 % |
| CUSTOMERS BANCORP INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 477 |
| Wgt avg mkt cap (mns) | $29,310 |
| Large cap (>$10bn) | 33.4% |
| Mid cap ($2-10bn) | 39.1% |
| Small cap (<$2bn) | 27.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 69.5 % |
 |
JAPAN | 5.8 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 56.6% | -- | -- | -- | -- | -- | 35.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.56 | 68% |
| MSCI EAFE | 2.47 | 64% |
| MSCI Emg Mkts | 2.41 | 71% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $22,224 |
Technical Indicators
| Recent close | $25.71 |
| 30d moving avg. | $19.64 |
| Annualized volatility | 50.7% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 0.7% |
| 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 |
|---|---|---|---|---|
| BITQ | Bitwise Crypto Industry Innovators ETF | 37.4% | +55 bp | -6.9% |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ET | 36.9% | +55 bp | -7.9% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 36.5% | +38 bp | +5.2% |
| BKCH | Global X Blockchain ETF | 34.3% | +20 bp | -21.9% |
| IBLC | iShares Blockchain and Tech ETF | 34.3% | +17 bp | -29.7% |
| GFOF | Grayscale Future of Finance ETF | 33.2% | +40 bp | -11.2% |
| BLOK | Amplify Transformational Data Sharing ETF | 32.1% | +45 bp | +1.5% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 26.9% | +9 bp | +1.4% |
| BWEB | Bitwise Web3 ETF | 21.9% | +55 bp | +3.9% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 20.9% | +31 bp | -18.9% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/1/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
STCE
-2.3%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.3% |
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 342 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. STCE's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places STCE in the 11st 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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 | 17.9 | 47.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .