STCE vs. SGOV
STCE (Schwab Crypto Thematic ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, STCE returned 58.04%/yr vs 4.72%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. STCE charges 0.30%/yr vs 0.09%/yr for SGOV.
Performance
STCE vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, STCE achieves a 32.00% return, which is significantly higher than SGOV's 1.51% return.
STCE
- 1D
- -1.96%
- 1M
- 16.12%
- YTD
- 32.00%
- 6M
- 10.29%
- 1Y
- 84.98%
- 3Y*
- 58.04%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
STCE vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 32.00% | 36.12% | 41.76% | 108.65% | -38.86% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.26% |
Correlation
The correlation between STCE and SGOV is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | -0.05 |
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Return for Risk
STCE vs. SGOV — Risk / Return Rank
STCE
SGOV
STCE vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| STCE | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.88 | ||
| Sortino ratioReturn per unit of downside risk | -273.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 195.55 | -194.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 398.20 | -396.62 |
| Martin ratioReturn relative to average drawdown | 2.85 | 4,462.00 | -4,459.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STCE | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 20.28 | -18.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 12.48 | -11.83 |
Drawdowns
STCE vs. SGOV - Drawdown Comparison
The maximum STCE drawdown since its inception was -54.11%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for STCE and SGOV.
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Drawdown Indicators
| STCE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -0.03% | -54.08% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -0.01% | -54.10% |
Max Drawdown (3Y)Largest decline over 3 years | -54.11% | -0.01% | -54.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -25.63% | 0.00% | -25.63% |
Average DrawdownAverage peak-to-trough decline | -21.98% | -0.00% | -21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.87% | 0.00% | +29.87% |
Volatility
STCE vs. SGOV - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) has a higher volatility of 14.89% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STCE | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 0.05% | +14.84% |
Volatility (6M)Calculated over the trailing 6-month period | 42.80% | 0.13% | +42.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.14% | 0.20% | +60.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.86% | 0.24% | +55.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.86% | 0.24% | +55.62% |
STCE vs. SGOV - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
STCE vs. SGOV - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 1.49%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
STCE Schwab Crypto Thematic ETF | 1.49% | 1.96% | 0.64% | 0.31% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
STCE and SGOV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STCE has higher volatility (14.89%) compared to SGOV (0.05%). In terms of maximum drawdown, STCE dropped -54.11% vs SGOV's -0.03%.
On 3-year performance, STCE leads with 58.04% vs 4.72% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STCE has performed better with a 58.04% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.30% for STCE.
SGOV has the higher dividend yield at 3.86%, compared with 1.49% for STCE.
STCE is categorized as Blockchain, while SGOV is Ultrashort Bond. STCE tracks Schwab Crypto Thematic Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.30% for STCE and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.40), 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.
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