STCE vs. BITQ
Compare and contrast key facts about Schwab Crypto Thematic ETF (STCE) and Bitwise Crypto Industry Innovators ETF (BITQ).
STCE and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STCE is a passively managed fund by Schwab Funds that tracks the performance of the Schwab Crypto Thematic Index. It was launched on Aug 4, 2022. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both STCE and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: STCE or BITQ.
Key characteristics
| STCE | BITQ | |
|---|---|---|
| YTD Return | 67.94% | 80.33% |
| 1Y Return | 153.43% | 200.74% |
| Sharpe Ratio | 2.66 | 2.72 |
| Sortino Ratio | 3.28 | 3.19 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 4.93 | 2.41 |
| Martin Ratio | 10.52 | 10.89 |
| Ulcer Index | 14.27% | 17.46% |
| Daily Std Dev | 56.41% | 69.77% |
| Max Drawdown | -47.19% | -90.32% |
| Current Drawdown | 0.00% | -36.08% |
Correlation
The correlation between STCE and BITQ is 0.96, 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.
Performance
STCE vs. BITQ - Performance Comparison
In the year-to-date period, STCE achieves a 67.94% return, which is significantly lower than BITQ's 80.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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STCE vs. BITQ - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
STCE vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
Dividends
STCE vs. BITQ - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 0.21%, less than BITQ's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 0.21% | 0.31% | 1.46% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 1.51% | 0.00% | 3.12% |
Drawdowns
STCE vs. BITQ - Drawdown Comparison
The maximum STCE drawdown since its inception was -47.19%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for STCE and BITQ. For additional features, visit the drawdowns tool.
Volatility
STCE vs. BITQ - Volatility Comparison
The current volatility for Schwab Crypto Thematic ETF (STCE) is 23.67%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 26.13%. This indicates that STCE experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.