NODE vs. STCE

Last updated Jun 4, 2026

NODE (VanEck Onchain Economy ETF) and STCE (Schwab Crypto Thematic ETF) are both Blockchain funds. NODE is actively managed, while STCE is passively managed. Over the past year, NODE returned 71.73% vs 84.98% for STCE. Their correlation of 0.94 suggests significant overlap in exposure. NODE charges 0.69%/yr vs 0.30%/yr for STCE.

Performance

NODE vs. STCE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NODE having a 33.28% return and STCE slightly lower at 32.00%.

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 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)

NODE vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	33.28%	32.44%
STCE Schwab Crypto Thematic ETF	32.00%	42.59%

Correlation

The correlation between NODE and STCE is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since May 15, 2025	0.94

The correlation between NODE and STCE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

NODE vs. STCE — Risk / Return Rank

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

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

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.

NODE vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) 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.

	NODE	STCE	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.40	+0.19
Sortino ratio: Return per unit of downside risk	2.12	1.99	+0.14
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.04	1.58	+0.46
Martin ratio: Return relative to average drawdown	4.50	2.85	+1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NODE vs. STCE - Sharpe Ratio Comparison

The current NODE Sharpe Ratio is 1.59, which is comparable to the STCE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of NODE 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

	NODE	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.40	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.65	+0.97

Drawdowns

NODE vs. STCE - Drawdown Comparison

The maximum NODE drawdown since its inception was -35.35%, smaller than the maximum STCE drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for NODE and STCE.

Drawdown Indicators

	NODE	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-54.11%	+18.76%
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	-54.11%	+18.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-54.11%	—
Current Drawdown Current decline from peak	-2.42%	-25.63%	+23.21%
Average Drawdown Average peak-to-trough decline	-11.30%	-21.98%	+10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	29.87%	-13.87%

Volatility

NODE vs. STCE - Volatility Comparison

The current volatility for VanEck Onchain Economy ETF (NODE) is 12.39%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 14.89%. This indicates that NODE 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

	NODE	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	14.89%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	34.83%	42.80%	-7.97%
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	61.14%	-15.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.59%	55.86%	-11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.59%	55.86%	-11.27%

NODE vs. STCE - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

NODE vs. STCE - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 0.84%, less than STCE's 1.49% yield.

Position	TTM	2025	2024	2023	2022
NODE VanEck Onchain Economy ETF	0.84%	1.12%	0.00%	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 NODE and STCE in my portfolio?

With a correlation of 0.95, NODE 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, NODE or STCE?

STCE has higher volatility (14.89%) compared to NODE (12.39%). In terms of maximum drawdown, NODE dropped -35.35% vs STCE's -54.11%.

Which ETF is better, NODE or STCE?

On 1-year performance, STCE leads with 84.98% vs 71.73% for NODE. On fees, STCE is cheaper at 0.30% per year. On volatility, NODE has been the lower-risk option at 12.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NODE or STCE?

Over the 1-year period, STCE has performed better with a 84.98% return vs 71.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NODE or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.69% for NODE.

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

STCE has the higher dividend yield at 1.49%, compared with 0.84% for NODE.

What is the main difference between NODE and STCE?

They also come from different issuers: VanEck and Charles Schwab. Their fees differ too: 0.69% for NODE and 0.30% for STCE.

Which has better risk-adjusted returns?

NODE currently has the higher Sharpe Ratio (1.59 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.