Data as of Nov 4, 2026.
BITQ vs STCE: Holdings Overlap & Returns
Over the year to Nov 4, 2026, BITQ returned −27.8% to STCE's −47.2%; 45% of their weight is in the same names.
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Net assets: $353m on Nov 4, 2026 for Bitwise Crypto Industry Innovators ETF, and $270m on Jun 30, 2026 for Schwab Crypto Thematic Natural Language Processing ETF.
19% of BITQ's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Sep 30, 2025.
13% of STCE's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
STCE costs 0.55 points a year less; their one-year returns differ by 19.4 points.
Points (pts) are percentage points.
| Measure | BITQ | STCE |
|---|---|---|
| Return | ||
| Total return, 1 year | −27.8% | −47.2% |
| Drawdown | ||
| Below its all-time high | 38.7%, high on Nov 9, 2021 | 56.1%, high on Oct 15, 2025 |
| Against its benchmark | ||
| What it tracks | Blockchain and crypto equities | Blockchain and crypto equities |
| Against the S&P 500, 1 year | behind by 42.6 pts | |
| Its benchmark, total return, 1 year | +14.8% | +15.0% |
| Against its benchmark, 1 year | behind by 42.6 pts | behind by 62.2 pts |
| Cost and size | ||
| Expense ratio | 0.85% | 0.30% |
| Net assets, BITQ as of Nov 4, 2026 and STCE as of Jun 30, 2026 | $353m | $270m |
| Holdings | ||
| Holdings in common | 45% | |
Risk and return
Aug 12, 2022 to Oct 23, 2026 · 219 weekly returnsEach against its own benchmark: BITQ against VOO, May 21, 2021 to Oct 30, 2026; STCE against ACWI, Aug 12, 2022 to Oct 30, 2026.
From Aug 2022 to Oct 2026, BITQ returned more: +111.4% to +83.4%. STCE swung less: 53.7% to 63.9%. STCE fell less at its worst: −49.1% to −66.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BITQ | STCE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +111.4% | +83.4% | BITQ | Price change plus distributions, reinvested. |
| Annualized | +19.5% | +15.5% | BITQ | Total return as a yearly rate. |
| Price return | +106.6% | +76.3% | BITQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 63.9% | 53.7% | STCE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 39.1% | 34.2% | STCE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −66.1% | −49.1% | STCE | Deepest fall from a high to the low after it. |
| Upside capture | Not measured | 299.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 159.5% | 153.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 2.27 | 2.09 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.30 | 0.32 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 0.45 | BITQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.70 | BITQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.076 | 0.109 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.29 | 0.32 | STCE (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | ACWI | The ETF each fund is measured against. | |
| Alpha | −5.6% a year | +1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.24 | 0.04 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −51.6% to +40.4% | −41.9% to +43.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.12 | 0.26 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 57.9% | 47.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 219 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BITQ and STCE hold 45% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
45% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | BITQ | STCE | BITQ | STCE |
| 3 months | −13.9% | −26.1% | −13.8 pts vs VOO | −24.8 pts vs ACWI |
| 6 months | −29.7% | −38.7% | −34.7 pts vs VOO | −41.3 pts vs ACWI |
| 1 year | −27.8% | −47.2% | −42.6 pts vs VOO | −62.2 pts vs ACWI |
| 3 years | +171.6% | +122.1% | +88.3 pts vs VOO | +44.5 pts vs ACWI |
| Since launchNot the same days: BITQ May 2021 · STCE Aug 2022 | −10.1% | +92.0% | −114.2 pts vs VOO | +3.9 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
45% of the two portfolios are the same securities at the same weight.
Client brief:
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BITQ
By weight, 19% of BITQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 63% of the fund across 30 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −27.8% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 42.6 pts. It sits 38.7% below its all-time high of Nov 9, 2021.
STCE
By weight, 13% of STCE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 54% of the fund across 35 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −47.2% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 62.2 pts. It sits 56.1% below its all-time high of Oct 15, 2025.
Questions people ask
- Do BITQ and STCE hold the same stocks?
- By their latest filings, 45% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BITQ against STCE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bitq-vs-stce
ETFIQ. (Nov 4, 2026). BITQ against STCE. Retrieved from https://etfiq.com/compare/themes/bitq-vs-stce
[BITQ against STCE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/bitq-vs-stce)
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