STCE vs. DECO

Last updated Aug 5, 2026

STCE (Schwab Crypto Thematic ETF) and DECO (State Street Galaxy Digital Asset Ecosystem ETF) are both Blockchain funds. STCE is passively managed, while DECO is actively managed. Over the past year, STCE returned 22.67% vs 107.22% for DECO. Their correlation of 0.94 means they have usually moved in the same direction. STCE charges 0.30%/yr vs 0.65%/yr for DECO.

Performance

STCE vs. DECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Crypto Thematic ETF (STCE) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STCE achieves a 8.56% return, which is significantly lower than DECO's 69.59% return.

STCE

• 1D: 0.25%
• 1M: -1.29%
• 6M: 4.24%
• YTD: 8.56%
• 1Y: 22.67%
• 3Y*: 39.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.73%

DECO

• 1D: 0.38%
• 1M: 1.45%
• 6M: 52.64%
• YTD: 69.59%
• 1Y: 107.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 83.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DECO State Street Galaxy Digital Asset Ecosystem ETF	$78.29K	$85.73K	$119.46K
STCE Schwab Crypto Thematic ETF	$6.33M	$7.66M	$10.53M

STCE vs. DECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
STCE Schwab Crypto Thematic ETF	8.56%	36.12%	44.71%
DECO State Street Galaxy Digital Asset Ecosystem ETF	69.59%	42.48%	31.48%

Correlation

The correlation between STCE and DECO is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.94

The correlation between STCE and DECO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

STCE vs. DECO - Sectors Allocation Comparison

Sectors	STCE	DECO
Financial Services	66.5%	51.7%
Technology	26.0%	43.9%
Communication Services	6.6%	-
Utilities	1.0%	-
Energy	0.0%	-
Basic Materials	-	1.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	4.4%
Real Estate	-	-

Return for Risk

STCE vs. DECO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STCE

STCE Risk / Return Rank: 19
STCE Sharpe Ratio Rank: 17
STCE Sortino Ratio Rank: 24
STCE Omega Ratio Rank: 21
STCE Calmar Ratio Rank: 17
STCE Martin Ratio Rank: 15

DECO

DECO Risk / Return Rank: 81
DECO Sharpe Ratio Rank: 87
DECO Sortino Ratio Rank: 78
DECO Omega Ratio Rank: 74
DECO Calmar Ratio Rank: 90
DECO Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STCE vs. DECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). 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	DECO	Difference
Sharpe ratio: Return per unit of total volatility	0.36	2.29	-1.94
Sortino ratio: Return per unit of downside risk	0.94	2.83	-1.88
Omega ratio: Gain probability vs. loss probability	1.11	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.42	4.21	-3.79
Martin ratio: Return relative to average drawdown	0.69	11.22	-10.53

STCE vs. DECO - Sharpe Ratio Comparison

The current STCE Sharpe Ratio is 0.36, which is lower than the DECO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of STCE and DECO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STCE vs. DECO - Drawdown Comparison

The maximum STCE drawdown since its inception was -54.11%, which is greater than DECO's maximum drawdown of -47.71%. Use the drawdown chart below to compare losses from any high point for STCE and DECO.

Drawdown Indicators

	STCE	DECO	Difference
Max Drawdown Largest peak-to-trough decline	-54.11%	-47.71%	-6.40%
Max Drawdown (1Y) Largest decline over 1 year	-54.11%	-25.60%	-28.51%
Max Drawdown (3Y) Largest decline over 3 years	-54.11%	—	—
Current Drawdown Current decline from peak	-38.84%	-7.09%	-31.75%
Average Drawdown Average peak-to-trough decline	-22.50%	-11.22%	-11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.05%	9.59%	+23.46%

Volatility

STCE vs. DECO - Volatility Comparison

Schwab Crypto Thematic ETF (STCE) has a higher volatility of 20.36% compared to State Street Galaxy Digital Asset Ecosystem ETF (DECO) at 19.26%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than DECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STCE	DECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.36%	19.26%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	44.42%	36.67%	+7.75%
Volatility (1Y) Calculated over the trailing 1-year period	63.97%	47.11%	+16.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.31%	51.84%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.31%	51.84%	+4.47%

STCE vs. DECO - Expense Ratio Comparison

STCE has a 0.30% expense ratio, which is lower than DECO's 0.65% expense ratio.

Dividends

STCE vs. DECO - Dividend Comparison

STCE's dividend yield for the trailing twelve months is around 1.74%, more than DECO's 0.68% yield.

Position	TTM	2025	2024	2023	2022
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.68%	1.16%	1.73%	0.00%	0.00%
STCE Schwab Crypto Thematic ETF	1.74%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both STCE and DECO in my portfolio?

With a correlation of 0.93, STCE and DECO 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, STCE or DECO?

STCE has higher volatility (20.36%) compared to DECO (19.26%). In terms of maximum drawdown, STCE dropped -54.11% vs DECO's -47.71%.

Which ETF is better, STCE or DECO?

On 1-year performance, DECO leads with 107.22% vs 22.67% for STCE. On fees, STCE is cheaper at 0.30% per year. On volatility, DECO has been the lower-risk option at 19.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STCE or DECO?

Over the 1-year period, DECO has performed better with a 107.22% return vs 22.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STCE or DECO?

STCE is cheaper with a 0.30% expense ratio, compared with 0.65% for DECO.

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

STCE has the higher dividend yield at 1.74%, compared with 0.68% for DECO.

What is the main difference between STCE and DECO?

They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.30% for STCE and 0.65% for DECO.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (2.29 vs 0.36), 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.