STCE vs. SGVT

Last updated Jun 24, 2026

STCE (Schwab Crypto Thematic ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while SGVT is a Money Market fund actively managed by Charles Schwab. STCE is passively managed, while SGVT is actively managed. Over the past year, STCE returned 80.72% vs 3.72% for SGVT. At a correlation of -0.03, they often move in opposite directions. STCE charges 0.30%/yr vs 0.28%/yr for SGVT.

Performance

STCE vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Crypto Thematic ETF (STCE) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STCE achieves a 28.85% return, which is significantly higher than SGVT's 1.58% return.

STCE

• 1D: -2.15%
• 1M: 3.34%
• YTD: 28.85%
• 6M: 18.77%
• 1Y: 80.72%
• 3Y*: 54.83%
• 5Y*: —
• 10Y*: —

SGVT

• 1D: 0.00%
• 1M: 0.23%
• YTD: 1.58%
• 6M: 1.66%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STCE vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
STCE Schwab Crypto Thematic ETF	28.85%	32.97%
SGVT Schwab Government Money Market ETF	1.58%	2.22%

Correlation

The correlation between STCE and SGVT is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	-0.03

Return for Risk

STCE vs. SGVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STCE

STCE Risk / Return Rank: 33
STCE Sharpe Ratio Rank: 39
STCE Sortino Ratio Rank: 38
STCE Omega Ratio Rank: 35
STCE Calmar Ratio Rank: 31
STCE Martin Ratio Rank: 22

SGVT

SGVT Risk / Return Rank: 100
SGVT Sharpe Ratio Rank: 100
SGVT Sortino Ratio Rank: 100
SGVT Omega Ratio Rank: 100
SGVT Calmar Ratio Rank: 100
SGVT Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STCE vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and Schwab Government Money Market ETF (SGVT). 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	SGVT	Difference
Sharpe ratio: Return per unit of total volatility	1.31	17.28	-15.97
Sortino ratio: Return per unit of downside risk	1.90	82.90	-81.00
Omega ratio: Gain probability vs. loss probability	1.23	29.19	-27.97
Calmar ratio: Return relative to maximum drawdown	1.50	138.06	-136.56
Martin ratio: Return relative to average drawdown	2.65	1,106.78	-1,104.13

STCE vs. SGVT - Sharpe Ratio Comparison

The current STCE Sharpe Ratio is 1.31, which is lower than the SGVT Sharpe Ratio of 17.28. The chart below compares the historical Sharpe Ratios of STCE and SGVT, 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. SGVT - Drawdown Comparison

The maximum STCE drawdown since its inception was -54.11%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for STCE and SGVT.

Drawdown Indicators

	STCE	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-54.11%	-0.03%	-54.08%
Max Drawdown (1Y) Largest decline over 1 year	-54.11%	-0.03%	-54.08%
Max Drawdown (3Y) Largest decline over 3 years	-54.11%	—	—
Current Drawdown Current decline from peak	-27.40%	-0.02%	-27.38%
Average Drawdown Average peak-to-trough decline	-22.05%	-0.00%	-22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.56%	0.00%	+30.56%

Volatility

STCE vs. SGVT - Volatility Comparison

Schwab Crypto Thematic ETF (STCE) has a higher volatility of 16.59% compared to Schwab Government Money Market ETF (SGVT) at 0.10%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than SGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STCE	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.59%	0.10%	+16.49%
Volatility (6M) Calculated over the trailing 6-month period	42.95%	0.15%	+42.80%
Volatility (1Y) Calculated over the trailing 1-year period	62.01%	0.22%	+61.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.01%	0.22%	+55.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	0.22%	+55.79%

STCE vs. SGVT - Expense Ratio Comparison

STCE has a 0.30% expense ratio, which is higher than SGVT's 0.28% expense ratio.

Dividends

STCE vs. SGVT - Dividend Comparison

STCE's dividend yield for the trailing twelve months is around 1.52%, less than SGVT's 3.11% yield.

Position	TTM	2025	2024	2023	2022
SGVT Schwab Government Money Market ETF	3.11%	1.73%	0.00%	0.00%	0.00%
STCE Schwab Crypto Thematic ETF	1.52%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both STCE and SGVT in my portfolio?

STCE and SGVT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STCE or SGVT?

STCE has higher volatility (16.59%) compared to SGVT (0.10%). In terms of maximum drawdown, STCE dropped -54.11% vs SGVT's -0.03%.

Which ETF is better, STCE or SGVT?

On 1-year performance, STCE leads with 80.72% vs 3.72% for SGVT. On fees, SGVT is cheaper at 0.28% per year. On volatility, SGVT has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STCE or SGVT?

Over the 1-year period, STCE has performed better with a 80.72% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STCE or SGVT?

SGVT is cheaper with a 0.28% expense ratio, compared with 0.30% for STCE.

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

SGVT has the higher dividend yield at 3.11%, compared with 1.52% for STCE.

What is the main difference between STCE and SGVT?

STCE is categorized as Blockchain, while SGVT is Money Market. Their fees differ too: 0.30% for STCE and 0.28% for SGVT.

Which has better risk-adjusted returns?

SGVT currently has the higher Sharpe Ratio (17.28 vs 1.31), 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.