TOXR vs. STCE

Last updated Jun 4, 2026

TOXR (21Shares XRP ETF) and STCE (Schwab Crypto Thematic ETF) are both exchange-traded funds - TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant, while STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

TOXR vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares XRP ETF (TOXR) and Schwab Crypto Thematic ETF (STCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOXR achieves a -34.38% return, which is significantly lower than STCE's 31.32% return.

TOXR

• 1D: -1.62%
• 1M: -14.04%
• YTD: -34.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STCE

• 1D: -0.52%
• 1M: 10.67%
• YTD: 31.32%
• 6M: 7.07%
• 1Y: 77.84%
• 3Y*: 59.92%
• 5Y*: —
• 10Y*: —

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

TOXR vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025
TOXR 21Shares XRP ETF	-34.38%	-9.65%
STCE Schwab Crypto Thematic ETF	31.32%	-17.54%

Correlation

The correlation between TOXR and STCE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.70

Return for Risk

TOXR vs. STCE — Risk / Return Rank

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

STCE

STCE Risk / Return Rank: 32
STCE Sharpe Ratio Rank: 37
STCE Sortino Ratio Rank: 37
STCE Omega Ratio Rank: 34
STCE Calmar Ratio Rank: 30
STCE Martin Ratio Rank: 22

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.

TOXR vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares XRP ETF (TOXR) and Schwab Crypto Thematic ETF (STCE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TOXR	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	0.65	-1.57

Drawdowns

TOXR vs. STCE - Drawdown Comparison

The maximum TOXR drawdown since its inception was -48.78%, smaller than the maximum STCE drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for TOXR and STCE.

Drawdown Indicators

	TOXR	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-54.11%	+5.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-54.11%	—
Current Drawdown Current decline from peak	-48.10%	-26.01%	-22.09%
Average Drawdown Average peak-to-trough decline	-31.50%	-21.99%	-9.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.92%	—

Volatility

Volatility by Period

	TOXR	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.16%	61.08%	+12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.16%	55.83%	+17.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	55.83%	+17.33%

TOXR vs. STCE - Expense Ratio Comparison

Both TOXR and STCE have an expense ratio of 0.30%.

Dividends

TOXR vs. STCE - Dividend Comparison

TOXR has not paid dividends to shareholders, while STCE's dividend yield for the trailing twelve months is around 1.49%.

Position	TTM	2025	2024	2023	2022
STCE Schwab Crypto Thematic ETF	1.49%	1.96%	0.64%	0.31%	1.46%
TOXR 21Shares XRP ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOXR and STCE in my portfolio?

TOXR and STCE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOXR or STCE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOXR or STCE?

TOXR and STCE have the same expense ratio: 0.30% per year.

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

STCE has the higher dividend yield at 1.49%, compared with 0.00% for TOXR.

What is the main difference between TOXR and STCE?

TOXR is categorized as Cryptocurrency, while STCE is Blockchain. TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant, while STCE tracks Schwab Crypto Thematic Index. They also come from different issuers: 21Shares and Charles Schwab.