STCE vs. MSTR
STCE (Schwab Crypto Thematic ETF) is Blockchain fund tracking the Schwab Crypto Thematic Index, while MSTR (Strategy Inc) is a stock. Over the past 3 years, STCE returned 39.06%/yr vs 37.34%/yr for MSTR. Their 0.76 correlation means they have sometimes moved together and sometimes differently.
Performance
STCE vs. MSTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, STCE achieves a 8.56% return, which is significantly higher than MSTR's -35.74% 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%
MSTR
- 1D
- 2.94%
- 1M
- -3.10%
- 6M
- -26.72%
- YTD
- -35.74%
- 1Y
- -74.91%
- 3Y*
- 37.34%
- 5Y*
- 6.41%
- 10Y*
- 19.36%
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSTR Strategy Inc | $1.45B | $1.54B | $2.37B |
| $6.33M | $7.66M | $10.53M |
STCE vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 8.56% | 36.12% | 41.76% | 108.65% | -40.98% |
MSTR Strategy Inc | -35.74% | -47.53% | 358.54% | 346.15% | -54.87% |
Correlation
The correlation between STCE and MSTR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022 | 0.76 |
The correlation between STCE and MSTR has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
STCE vs. MSTR — Risk / Return Rank
STCE
MSTR
STCE vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.79 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.94 | +1.36 |
| Martin ratioReturn relative to average drawdown | 0.69 | -1.34 | +2.02 |
Loading charts...
Drawdowns
STCE vs. MSTR - Drawdown Comparison
The maximum STCE drawdown since its inception was -54.11%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for STCE and MSTR.
Loading charts...
Drawdown Indicators
| STCE | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -99.86% | +45.75% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -79.53% | +25.42% |
Max Drawdown (3Y)Largest decline over 3 years | -54.11% | -82.63% | +28.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -38.84% | -79.39% | +40.55% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -86.42% | +63.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.05% | 56.04% | -22.99% |
Volatility
STCE vs. MSTR - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) has a higher volatility of 20.36% compared to Strategy Inc (MSTR) at 17.20%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| STCE | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.36% | 17.20% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 44.42% | 60.13% | -15.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.97% | 74.85% | -10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.31% | 89.93% | -33.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.31% | 74.36% | -18.05% |
Dividends
STCE vs. MSTR - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 1.74%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STCE Schwab Crypto Thematic ETF | 1.74% | 1.96% | 0.64% | 0.31% | 1.46% |
Frequently Asked Questions
STCE and MSTR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STCE has higher volatility (20.36%) compared to MSTR (17.20%). In terms of maximum drawdown, STCE dropped -54.11% vs MSTR's -99.86%.
STCE currently has the higher Sharpe Ratio (0.36 vs -1.01), 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.
Find the right allocation for STCE and MSTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer