STCE vs. USFR

Last updated Jun 24, 2026

STCE (Schwab Crypto Thematic ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, STCE returned 54.83%/yr vs 4.74%/yr for USFR. At a correlation of -0.03, they often move in opposite directions. STCE charges 0.30%/yr vs 0.15%/yr for USFR.

Performance

STCE vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Crypto Thematic ETF (STCE) and WisdomTree Floating Rate Treasury Fund (USFR). 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 USFR's 1.82% return.

STCE

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

USFR

• 1D: 0.04%
• 1M: 0.33%
• YTD: 1.82%
• 6M: 1.92%
• 1Y: 3.99%
• 3Y*: 4.74%
• 5Y*: 3.71%
• 10Y*: 2.43%

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

STCE vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
STCE Schwab Crypto Thematic ETF	28.85%	36.12%	41.76%	108.65%	-40.98%
USFR WisdomTree Floating Rate Treasury Fund	1.82%	4.23%	5.47%	5.18%	1.41%

Correlation

The correlation between STCE and USFR is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022	-0.03

Return for Risk

STCE vs. USFR — 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

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR 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. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and WisdomTree Floating Rate Treasury Fund (USFR). 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	USFR	Difference
Sharpe ratio: Return per unit of total volatility	1.31	14.67	-13.36
Sortino ratio: Return per unit of downside risk	1.90	50.13	-48.23
Omega ratio: Gain probability vs. loss probability	1.23	13.31	-12.08
Calmar ratio: Return relative to maximum drawdown	1.50	201.33	-199.83
Martin ratio: Return relative to average drawdown	2.65	779.76	-777.11

STCE vs. USFR - Sharpe Ratio Comparison

The current STCE Sharpe Ratio is 1.31, which is lower than the USFR Sharpe Ratio of 14.67. The chart below compares the historical Sharpe Ratios of STCE and USFR, 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. USFR - Drawdown Comparison

The maximum STCE drawdown since its inception was -54.11%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for STCE and USFR.

Drawdown Indicators

	STCE	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-54.11%	-1.36%	-52.75%
Max Drawdown (1Y) Largest decline over 1 year	-54.11%	-0.02%	-54.09%
Max Drawdown (3Y) Largest decline over 3 years	-54.11%	-0.06%	-54.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-27.40%	0.00%	-27.40%
Average Drawdown Average peak-to-trough decline	-22.05%	-0.15%	-21.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.56%	0.01%	+30.55%

Volatility

STCE vs. USFR - Volatility Comparison

Schwab Crypto Thematic ETF (STCE) has a higher volatility of 16.59% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STCE	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.59%	0.09%	+16.50%
Volatility (6M) Calculated over the trailing 6-month period	42.95%	0.19%	+42.76%
Volatility (1Y) Calculated over the trailing 1-year period	62.01%	0.27%	+61.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.01%	0.40%	+55.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	0.78%	+55.23%

STCE vs. USFR - Expense Ratio Comparison

STCE has a 0.30% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

STCE vs. USFR - Dividend Comparison

STCE's dividend yield for the trailing twelve months is around 1.52%, less than USFR's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
STCE Schwab Crypto Thematic ETF	1.52%	1.96%	0.64%	0.31%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.90%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both STCE and USFR in my portfolio?

STCE and USFR have a correlation of -0.12, 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 USFR?

STCE has higher volatility (16.59%) compared to USFR (0.09%). In terms of maximum drawdown, STCE dropped -54.11% vs USFR's -1.36%.

Which ETF is better, STCE or USFR?

On 3-year performance, STCE leads with 54.83% vs 4.74% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STCE or USFR?

Over the 3-year period, STCE has performed better with a 54.83% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STCE or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.30% for STCE.

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

USFR has the higher dividend yield at 3.90%, compared with 1.52% for STCE.

What is the main difference between STCE and USFR?

STCE is categorized as Blockchain, while USFR is Government Bonds. STCE tracks Schwab Crypto Thematic Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.30% for STCE and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.67 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.