OWNB vs. STCE
Compare and contrast key facts about Bitwise Bitcoin Standard Corporations ETF (OWNB) and Schwab Crypto Thematic ETF (STCE).
OWNB and STCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OWNB is a passively managed fund by Bitwise that tracks the performance of the Bitwise Bitcoin Standard Corporations Inde. It was launched on Mar 10, 2025. 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. Both OWNB and STCE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OWNB vs. STCE - Performance Comparison
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OWNB vs. STCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | -23.72% | -3.56% |
STCE Schwab Crypto Thematic ETF | -13.31% | 72.09% |
Returns By Period
In the year-to-date period, OWNB achieves a -23.72% return, which is significantly lower than STCE's -13.31% return.
OWNB
- 1D
- 6.03%
- 1M
- -9.07%
- YTD
- -23.72%
- 6M
- -50.60%
- 1Y
- -24.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STCE
- 1D
- 6.43%
- 1M
- -8.21%
- YTD
- -13.31%
- 6M
- -32.83%
- 1Y
- 61.55%
- 3Y*
- 38.53%
- 5Y*
- —
- 10Y*
- —
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OWNB vs. STCE - Expense Ratio Comparison
OWNB has a 0.85% expense ratio, which is higher than STCE's 0.30% expense ratio.
Return for Risk
OWNB vs. STCE — Risk / Return Rank
OWNB
STCE
OWNB vs. STCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) 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.
| OWNB | STCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.39 | 0.97 | -1.36 |
Sortino ratioReturn per unit of downside risk | -0.19 | 1.63 | -1.82 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.07 | -1.52 |
Martin ratioReturn relative to average drawdown | -0.95 | 2.24 | -3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OWNB | STCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 0.97 | -1.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.41 | -0.81 |
Correlation
The correlation between OWNB and STCE is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OWNB vs. STCE - Dividend Comparison
OWNB's dividend yield for the trailing twelve months is around 1.14%, less than STCE's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | 1.14% | 0.87% | 0.00% | 0.00% | 0.00% |
STCE Schwab Crypto Thematic ETF | 2.26% | 1.96% | 0.64% | 0.31% | 1.46% |
Drawdowns
OWNB vs. STCE - Drawdown Comparison
The maximum OWNB drawdown since its inception was -59.47%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for OWNB and STCE.
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Drawdown Indicators
| OWNB | STCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -54.11% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -59.47% | -54.11% | -5.36% |
Current DrawdownCurrent decline from peak | -57.02% | -51.16% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -21.51% | -21.33% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 25.86% | +2.57% |
Volatility
OWNB vs. STCE - Volatility Comparison
Bitwise Bitcoin Standard Corporations ETF (OWNB) and Schwab Crypto Thematic ETF (STCE) have volatilities of 19.11% and 18.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWNB | STCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.11% | 18.63% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 46.88% | 50.27% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.74% | 64.03% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.37% | 56.19% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.37% | 56.19% | +8.18% |