NERD vs. STCE

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Video Games ETF (NERD) and Schwab Crypto Thematic ETF (STCE).

NERD and STCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NERD is an actively managed fund by Roundhill Investments. It was launched on Jun 4, 2019. STCE is a passively managed fund by Charles Schwab that tracks the performance of the Schwab Crypto Thematic Index. It was launched on Aug 4, 2022.

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.

NERD vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NERD Roundhill Video Games ETF	-13.51%	23.14%	28.52%	12.94%	-20.11%
STCE Schwab Crypto Thematic ETF	-13.31%	36.12%	41.76%	108.65%	-38.86%

Returns By Period

The year-to-date returns for both investments are quite close, with NERD having a -13.51% return and STCE slightly higher at -13.31%.

NERD

• 1D: 3.37%
• 1M: -3.99%
• YTD: -13.51%
• 6M: -24.97%
• 1Y: 2.65%
• 3Y*: 12.82%
• 5Y*: -7.75%
• 10Y*: —

STCE

• 1D: 6.43%
• 1M: -8.21%
• YTD: -13.31%
• 6M: -32.83%
• 1Y: 61.55%
• 3Y*: 38.53%
• 5Y*: —
• 10Y*: —

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

NERD vs. STCE - Expense Ratio Comparison

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

NERD

Roundhill Video Games ETF

STCE

Schwab Crypto Thematic ETF

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: 14
NERD Sharpe Ratio Rank: 15
NERD Sortino Ratio Rank: 16
NERD Omega Ratio Rank: 15
NERD Calmar Ratio Rank: 12
NERD Martin Ratio Rank: 12

STCE

STCE Risk / Return Rank: 50
STCE Sharpe Ratio Rank: 57
STCE Sortino Ratio Rank: 67
STCE Omega Ratio Rank: 53
STCE Calmar Ratio Rank: 45
STCE Martin Ratio Rank: 29

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	0.12	0.97	-0.85
Sortino ratio Return per unit of downside risk	0.34	1.63	-1.29
Omega ratio Gain probability vs. loss probability	1.04	1.19	-0.15
Calmar ratio Return relative to maximum drawdown	-0.01	1.07	-1.08
Martin ratio Return relative to average drawdown	-0.03	2.24	-2.27
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 0.12, which is lower than the STCE Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of NERD and STCE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NERD	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.97	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.41	-0.19

Correlation

The correlation between NERD and STCE is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NERD vs. STCE - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.73%, less than STCE's 2.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
NERD Roundhill Video Games ETF	0.73%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%
STCE Schwab Crypto Thematic ETF	2.26%	1.96%	0.64%	0.31%	1.46%	0.00%	0.00%	0.00%

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 (5Y) Largest decline over 5 years	-60.29%	—	—
Current Drawdown Current decline from peak	-43.90%	-51.16%	+7.26%
Average Drawdown Average peak-to-trough decline	-35.69%	-21.33%	-14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.39%	25.86%	-13.47%

Volatility

NERD vs. STCE - Volatility Comparison

The current volatility for Roundhill Video Games ETF (NERD) is 8.37%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 18.63%. 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	8.37%	18.63%	-10.26%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	50.27%	-35.22%
Volatility (1Y) Calculated over the trailing 1-year period	22.85%	64.03%	-41.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.66%	56.19%	-31.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	56.19%	-30.48%