NERD vs. STCE

Last updated Jun 4, 2026

NERD (Roundhill Video Games ETF) and STCE (Schwab Crypto Thematic ETF) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill Investments, while STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index. NERD is actively managed, while STCE is passively managed. Over the past 3 years, NERD returned 10.64%/yr vs 58.04%/yr for STCE. A 0.53 correlation means they provide meaningful diversification when combined. NERD charges 0.50%/yr vs 0.30%/yr for STCE.

Performance

NERD vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Video Games ETF (NERD) 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, NERD achieves a -16.00% return, which is significantly lower than STCE's 32.00% return.

NERD

• 1D: -2.22%
• 1M: -3.36%
• YTD: -16.00%
• 6M: -19.58%
• 1Y: -17.66%
• 3Y*: 10.64%
• 5Y*: -7.79%
• 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)

NERD vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NERD Roundhill Video Games ETF	-16.00%	23.14%	28.52%	12.94%	-20.11%
STCE Schwab Crypto Thematic ETF	32.00%	36.12%	41.76%	108.65%	-38.86%

Correlation

The correlation between NERD and STCE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022	0.53

The correlation between NERD and STCE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

NERD vs. STCE - Sectors Allocation Comparison

Sectors	NERD	STCE
Communication Services	91.1%	6.2%
Technology	3.9%	30.9%
Consumer Cyclical	3.9%	-
Industrials	1.2%	-
Financial Services	0.0%	62.9%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

NERD vs. STCE — Risk / Return Rank

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

NERD

NERD Risk / Return Rank: 3
NERD Sharpe Ratio Rank: 2
NERD Sortino Ratio Rank: 2
NERD Omega Ratio Rank: 2
NERD Calmar Ratio Rank: 4
NERD Martin Ratio Rank: 4

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.

NERD vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.

	NERD	STCE	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	1.40	-2.29
Sortino ratio: Return per unit of downside risk	-1.18	1.99	-3.17
Omega ratio: Gain probability vs. loss probability	0.86	1.24	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.60	1.58	-2.18
Martin ratio: Return relative to average drawdown	-1.06	2.85	-3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NERD vs. STCE - Sharpe Ratio Comparison

The current NERD Sharpe Ratio is -0.89, which is lower than the STCE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of NERD 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

	NERD	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	1.40	-2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.65	-0.45

Drawdowns

NERD vs. STCE - Drawdown Comparison

The maximum NERD drawdown since its inception was -65.58%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for NERD and STCE.

Drawdown Indicators

	NERD	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-54.11%	-11.47%
Max Drawdown (1Y) Largest decline over 1 year	-29.67%	-54.11%	+24.44%
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	-54.11%	+24.44%
Max Drawdown (5Y) Largest decline over 5 years	-58.92%	—	—
Current Drawdown Current decline from peak	-45.51%	-25.63%	-19.88%
Average Drawdown Average peak-to-trough decline	-35.89%	-21.98%	-13.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.75%	29.87%	-13.12%

Volatility

NERD vs. STCE - Volatility Comparison

The current volatility for Roundhill Video Games ETF (NERD) is 3.89%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 14.89%. This indicates that NERD 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

	NERD	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	14.89%	-11.00%
Volatility (6M) Calculated over the trailing 6-month period	14.85%	42.80%	-27.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.81%	61.14%	-41.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.51%	55.86%	-31.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.53%	55.86%	-30.33%

NERD vs. STCE - Expense Ratio Comparison

NERD has a 0.50% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

NERD vs. STCE - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.75%, less than STCE's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NERD Roundhill Video Games ETF	0.75%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%
STCE Schwab Crypto Thematic ETF	1.49%	1.96%	0.64%	0.31%	1.46%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NERD and STCE in my portfolio?

NERD and STCE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NERD or STCE?

STCE has higher volatility (14.89%) compared to NERD (3.89%). In terms of maximum drawdown, NERD dropped -65.58% vs STCE's -54.11%.

Which ETF is better, NERD or STCE?

On 3-year performance, STCE leads with 58.04% vs 10.64% for NERD. On fees, STCE is cheaper at 0.30% per year. On volatility, NERD has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NERD or STCE?

Over the 3-year period, STCE has performed better with a 58.04% return vs 10.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NERD or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.50% for NERD.

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

STCE has the higher dividend yield at 1.49%, compared with 0.75% for NERD.

What is the main difference between NERD and STCE?

NERD is categorized as Gaming, while STCE is Blockchain. They also come from different issuers: Roundhill Investments and Charles Schwab. Their fees differ too: 0.50% for NERD and 0.30% for STCE.

Which has better risk-adjusted returns?

STCE currently has the higher Sharpe Ratio (1.40 vs -0.89), 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.