DECO vs. STCE

Last updated Jun 4, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and STCE (Schwab Crypto Thematic ETF) are both Blockchain funds. DECO is actively managed, while STCE is passively managed. Over the past year, DECO returned 167.73% vs 84.98% for STCE. Their correlation of 0.94 suggests significant overlap in exposure. DECO charges 0.65%/yr vs 0.30%/yr for STCE.

Performance

DECO vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) and Schwab Crypto Thematic ETF (STCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECO achieves a 79.56% return, which is significantly higher than STCE's 32.00% return.

DECO

• 1D: 0.01%
• 1M: 39.50%
• YTD: 79.56%
• 6M: 62.77%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STCE

• 1D: -1.96%
• 1M: 16.12%
• YTD: 32.00%
• 6M: 10.29%
• 1Y: 84.98%
• 3Y*: 58.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DECO vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	79.56%	42.48%	29.54%
STCE Schwab Crypto Thematic ETF	32.00%	36.12%	41.53%

Correlation

The correlation between DECO and STCE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.94

The correlation between DECO and STCE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

DECO vs. STCE - Sectors Allocation Comparison

Sectors	DECO	STCE
Technology	47.6%	30.9%
Financial Services	44.9%	62.9%
Industrials	5.2%	-
Basic Materials	1.8%	-
Communication Services	-	6.2%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DECO vs. STCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECO

DECO Risk / Return Rank: 89
DECO Sharpe Ratio Rank: 95
DECO Sortino Ratio Rank: 87
DECO Omega Ratio Rank: 82
DECO Calmar Ratio Rank: 93
DECO Martin Ratio Rank: 87

STCE

STCE Risk / Return Rank: 33
STCE Sharpe Ratio Rank: 38
STCE Sortino Ratio Rank: 38
STCE Omega Ratio Rank: 34
STCE Calmar Ratio Rank: 32
STCE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DECO vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) and Schwab Crypto Thematic ETF (STCE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DECO	STCE	Difference
Sharpe ratio: Return per unit of total volatility	3.80	1.40	+2.40
Sortino ratio: Return per unit of downside risk	3.94	1.99	+1.95
Omega ratio: Gain probability vs. loss probability	1.49	1.24	+0.26
Calmar ratio: Return relative to maximum drawdown	6.59	1.58	+5.02
Martin ratio: Return relative to average drawdown	18.43	2.85	+15.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECO vs. STCE - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 3.80, which is higher than the STCE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of DECO and STCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DECO	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	1.40	+2.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	0.65	+1.31

Drawdowns

DECO vs. STCE - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum STCE drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for DECO and STCE.

Drawdown Indicators

	DECO	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-54.11%	+6.40%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-54.11%	+28.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-54.11%	—
Current Drawdown Current decline from peak	-0.33%	-25.63%	+25.30%
Average Drawdown Average peak-to-trough decline	-11.67%	-21.98%	+10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	29.87%	-20.73%

Volatility

DECO vs. STCE - Volatility Comparison

The current volatility for State Street Galaxy Digital Asset Ecosystem ETF (DECO) is 11.53%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 14.89%. This indicates that DECO experiences smaller price fluctuations and is considered to be less risky than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECO	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	14.89%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	33.83%	42.80%	-8.97%
Volatility (1Y) Calculated over the trailing 1-year period	44.46%	61.14%	-16.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.50%	55.86%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.50%	55.86%	-4.36%

DECO vs. STCE - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

DECO vs. STCE - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.64%, less than STCE's 1.49% yield.

Position	TTM	2025	2024	2023	2022
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.64%	1.16%	1.73%	0.00%	0.00%
STCE Schwab Crypto Thematic ETF	1.49%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both DECO and STCE in my portfolio?

With a correlation of 0.92, DECO and STCE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DECO or STCE?

STCE has higher volatility (14.89%) compared to DECO (11.53%). In terms of maximum drawdown, DECO dropped -47.71% vs STCE's -54.11%.

Which ETF is better, DECO or STCE?

On 1-year performance, DECO leads with 167.73% vs 84.98% for STCE. On fees, STCE is cheaper at 0.30% per year. On volatility, DECO has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or STCE?

Over the 1-year period, DECO has performed better with a 167.73% return vs 84.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.65% for DECO.

Which ETF pays a higher dividend yield, DECO or STCE?

STCE has the higher dividend yield at 1.49%, compared with 0.64% for DECO.

What is the main difference between DECO and STCE?

They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.65% for DECO and 0.30% for STCE.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.80 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.