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
100.2 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) | $100 |
| 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 | 13.6 % |
| BITDEER TECHNOLOGIES GROUP CLASS A | 8.3 % |
| IREN LTD | 7.6 % |
| HUT CORP | 7.1 % |
| COINBASE GLOBAL, INC. CLASS A | 7.1 % |
| CIPHER MINING INC | 6.9 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.3 % |
| CLEANSPARK INC | 4.1 % |
| RIOT BLOCKCHAIN INC | 3.9 % |
| MARATHON DIGITAL HOLDINGS INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 568 |
| Wgt avg mkt cap (mns) | $16,444 |
| Large cap (>$10bn) | 44.3% |
| Mid cap ($2-10bn) | 40.0% |
| Small cap (<$2bn) | 15.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 49.2 % |
 |
JAPAN | 2.9 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 50.2% | 100.2% | -- | -- | -- | -- | 64.4% | Volatility | 52.9% | 52.9% | 48.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.31 | 54% |
| MSCI EAFE | 2.38 | 31% |
| MSCI Emg Mkts | 2.33 | 31% |
Liquidity Measures
| Avg. volume (000) | 100 |
| Turnover | 4.9% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $54,346 |
Technical Indicators
| Recent close | $48.86 |
| 30d moving avg. | $52.29 |
| Annualized volatility | 60.1% |
| Relative strength (RSI) | 54 |
| 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 |
|---|---|---|---|---|
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 30.2% | +38 bp | +4.1% |
| DAPP | VanEck Digital Transformation ETF | 29.6% | +20 bp | -1.4% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 28.3% | +55 bp | -0.4% |
| BLOK | Amplify Transformational Data Sharing ETF | 27.2% | +45 bp | +2.3% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 26.7% | +55 bp | +1.6% |
| GFOF | Grayscale Future of Finance ETF | 25.0% | +40 bp | +0.9% |
| BKCH | Global X Blockchain ETF | 20.6% | +20 bp | -1.5% |
| BWEB | Bitwise Web3 ETF | 19.9% | +55 bp | +2.4% |
| IBLC | iShares Blockchain and Tech ETF | 18.5% | +17 bp | -0.2% |
| ARKF | ARK Fintech Innovation ETF | 17.3% | +45 bp | +1.4% |
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 12/20/2024
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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
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.
ALTAR Score™
STCE
-1.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. 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.
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. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .