GFOF vs. STCE

Last updated Jun 24, 2026

GFOF (Grayscale Future of Finance ETF) and STCE (Schwab Crypto Thematic ETF) are both Blockchain funds - GFOF tracks the Bloomberg Grayscale Future of Finance Index while STCE tracks the Schwab Crypto Thematic Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. GFOF charges 0.70%/yr vs 0.30%/yr for STCE.

Performance

GFOF vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and Schwab Crypto Thematic ETF (STCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STCE

• 1D: -2.15%
• 1M: 3.34%
• YTD: 28.85%
• 6M: 18.77%
• 1Y: 80.72%
• 3Y*: 54.83%
• 5Y*: —
• 10Y*: —

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

GFOF vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-48.93%
STCE Schwab Crypto Thematic ETF	28.85%	36.12%	41.76%	108.65%	-40.98%

Correlation

The correlation between GFOF and STCE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022	0.67

The correlation between GFOF and STCE has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

GFOF vs. STCE - Sectors Allocation Comparison

Sectors	GFOF	STCE
Financial Services	57.4%	69.0%
Technology	22.8%	26.3%
Healthcare	8.5%	-
Industrials	3.4%	-
Basic Materials	-	-
Communication Services	-	4.7%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

GFOF vs. STCE — Risk / Return Rank

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

GFOF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

STCE

STCE Risk / Return Rank: 33
STCE Sharpe Ratio Rank: 39
STCE Sortino Ratio Rank: 38
STCE Omega Ratio Rank: 35
STCE Calmar Ratio Rank: 31
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.

GFOF vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GFOF	STCE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.31	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	2.65	—

Drawdowns

Drawdown Indicators

	GFOF	STCE	Difference
Max Drawdown Largest peak-to-trough decline	—	-54.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-54.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-54.11%	—
Current Drawdown Current decline from peak	—	-27.40%	—
Average Drawdown Average peak-to-trough decline	—	-22.05%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.56%	—

Volatility

Volatility by Period

	GFOF	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	62.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	56.01%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	56.01%	—

GFOF vs. STCE - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

GFOF vs. STCE - Dividend Comparison

GFOF has not paid dividends to shareholders, while STCE's dividend yield for the trailing twelve months is around 1.52%.

Position	TTM	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%
STCE Schwab Crypto Thematic ETF	1.52%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both GFOF and STCE in my portfolio?

GFOF and STCE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GFOF or STCE?

On fees, STCE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GFOF or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.70% for GFOF.

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

STCE has the higher dividend yield at 1.52%, compared with 0.00% for GFOF.

What is the main difference between GFOF and STCE?

GFOF tracks Bloomberg Grayscale Future of Finance Index, while STCE tracks Schwab Crypto Thematic Index. They also come from different issuers: Grayscale and Charles Schwab. Their fees differ too: 0.70% for GFOF and 0.30% for STCE.