STCE vs. BTCX-B.TO
STCE (Schwab Crypto Thematic ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while BTCX-B.TO is a Cryptocurrency fund managed by CI Global Asset Management. Over the past 3 years, STCE returned 36.29%/yr vs 27.89%/yr for BTCX-B.TO. A 0.64 correlation means they provide meaningful diversification when combined. STCE charges 0.30%/yr vs 0.80%/yr for BTCX-B.TO.
Performance
STCE vs. BTCX-B.TO - Performance Comparison
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Different Trading Currencies
STCE is traded in USD, while BTCX-B.TO is traded in CAD. To make them comparable, the BTCX-B.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, STCE achieves a 10.94% return, which is significantly higher than BTCX-B.TO's -26.31% return.
STCE
- 1D
- 1.50%
- 1M
- -15.64%
- 6M
- -9.36%
- YTD
- 10.94%
- 1Y
- 23.02%
- 3Y*
- 36.29%
- 5Y*
- —
- 10Y*
- —
BTCX-B.TO
- 1D
- 1.15%
- 1M
- -2.82%
- 6M
- -33.83%
- YTD
- -26.31%
- 1Y
- -44.83%
- 3Y*
- 27.89%
- 5Y*
- 14.24%
- 10Y*
- —
STCE vs. BTCX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 10.94% | 36.12% | 41.76% | 108.65% | -40.98% |
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -26.31% | -7.08% | 120.35% | 155.48% | -29.84% |
Correlation
The correlation between STCE and BTCX-B.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022 | 0.64 |
The correlation between STCE and BTCX-B.TO has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.
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Return for Risk
STCE vs. BTCX-B.TO — Risk / Return Rank
STCE
BTCX-B.TO
STCE vs. BTCX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| STCE | BTCX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.83 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.84 | +1.27 |
| Martin ratioReturn relative to average drawdown | 0.73 | -1.35 | +2.08 |
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Drawdowns
STCE vs. BTCX-B.TO - Drawdown Comparison
The maximum STCE drawdown since its inception was -54.11%, smaller than the maximum BTCX-B.TO drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for STCE and BTCX-B.TO.
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Drawdown Indicators
| STCE | BTCX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -76.99% | +22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -53.52% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -54.11% | -53.52% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.99% | — |
Current DrawdownCurrent decline from peak | -37.50% | -48.54% | +11.04% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -34.48% | +12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.79% | 33.18% | -1.39% |
Volatility
STCE vs. BTCX-B.TO - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) has a higher volatility of 13.09% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 10.82%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STCE | BTCX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 10.82% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 42.16% | 34.30% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.01% | 43.99% | +18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.92% | 53.69% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.92% | 55.03% | +0.89% |
STCE vs. BTCX-B.TO - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.
Dividends
STCE vs. BTCX-B.TO - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 1.70%, while BTCX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STCE Schwab Crypto Thematic ETF | 1.70% | 1.96% | 0.64% | 0.31% | 1.46% |
Frequently Asked Questions
STCE and BTCX-B.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, STCE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
STCE is cheaper with a 0.30% expense ratio, compared with 0.80% for BTCX-B.TO.
STCE is categorized as Blockchain, while BTCX-B.TO is Cryptocurrency. They also come from different issuers: Charles Schwab and CI Global Asset Management. Their fees differ too: 0.30% for STCE and 0.80% for BTCX-B.TO.
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