SOLT vs. STCE

Last updated Jun 4, 2026

SOLT (2x Solana ETF) and STCE (Schwab Crypto Thematic ETF) are both Blockchain funds. SOLT is actively managed, while STCE is passively managed. Over the past year, SOLT returned -90.96% vs 84.98% for STCE. A 0.60 correlation means they provide meaningful diversification when combined. SOLT charges 1.85%/yr vs 0.30%/yr for STCE.

Performance

SOLT vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Solana ETF (SOLT) 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, SOLT achieves a -74.43% return, which is significantly lower than STCE's 32.00% return.

SOLT

• 1D: -9.55%
• 1M: -30.13%
• YTD: -74.43%
• 6M: -81.02%
• 1Y: -90.96%
• 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)

SOLT vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025
SOLT 2x Solana ETF	-74.43%	-53.74%
STCE Schwab Crypto Thematic ETF	32.00%	66.82%

Correlation

The correlation between SOLT and STCE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.60

The correlation between SOLT and STCE has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

Return for Risk

SOLT vs. STCE — Risk / Return Rank

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

SOLT

SOLT Risk / Return Rank: 2
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 2
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 2

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.

SOLT vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) 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.

	SOLT	STCE	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	1.40	-2.02
Sortino ratio: Return per unit of downside risk	-1.24	1.99	-3.23
Omega ratio: Gain probability vs. loss probability	0.87	1.24	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.96	1.58	-2.54
Martin ratio: Return relative to average drawdown	-1.34	2.85	-4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLT vs. STCE - Sharpe Ratio Comparison

The current SOLT Sharpe Ratio is -0.62, which is lower than the STCE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of SOLT 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

	SOLT	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	1.40	-2.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	0.65	-1.20

Drawdowns

SOLT vs. STCE - Drawdown Comparison

The maximum SOLT drawdown since its inception was -95.17%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for SOLT and STCE.

Drawdown Indicators

	SOLT	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-95.17%	-54.11%	-41.06%
Max Drawdown (1Y) Largest decline over 1 year	-95.17%	-54.11%	-41.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-54.11%	—
Current Drawdown Current decline from peak	-95.17%	-25.63%	-69.54%
Average Drawdown Average peak-to-trough decline	-53.33%	-21.98%	-31.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.62%	29.87%	+37.75%

Volatility

SOLT vs. STCE - Volatility Comparison

2x Solana ETF (SOLT) has a higher volatility of 32.36% compared to Schwab Crypto Thematic ETF (STCE) at 14.89%. This indicates that SOLT's price experiences larger fluctuations and is considered to be riskier than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLT	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.36%	14.89%	+17.47%
Volatility (6M) Calculated over the trailing 6-month period	102.45%	42.80%	+59.65%
Volatility (1Y) Calculated over the trailing 1-year period	146.88%	61.14%	+85.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.90%	55.86%	+95.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.90%	55.86%	+95.04%

SOLT vs. STCE - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

SOLT vs. STCE - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 5.98%, more than STCE's 1.49% yield.

Position	TTM	2025	2024	2023	2022
SOLT 2x Solana ETF	5.98%	1.22%	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 SOLT and STCE in my portfolio?

SOLT and STCE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOLT or STCE?

SOLT has higher volatility (32.36%) compared to STCE (14.89%). In terms of maximum drawdown, SOLT dropped -95.17% vs STCE's -54.11%.

Which ETF is better, SOLT or STCE?

On 1-year performance, STCE leads with 84.98% vs -90.96% for SOLT. On fees, STCE is cheaper at 0.30% per year. On volatility, STCE has been the lower-risk option at 14.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLT or STCE?

Over the 1-year period, STCE has performed better with a 84.98% return vs -90.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLT or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 5.98%, compared with 1.49% for STCE.

What is the main difference between SOLT and STCE?

They also come from different issuers: Volatility Shares and Charles Schwab. Their fees differ too: 1.85% for SOLT and 0.30% for STCE.

Which has better risk-adjusted returns?

STCE currently has the higher Sharpe Ratio (1.40 vs -0.62), 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.