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BLCK vs STCE

Corgi Crypto Infrastructure ETF

BLCKCCboe

Schwab Crypto Thematic ETF

STCEANYSE Arca

Overlap

44.6%by weight

Expense ratio

STCE −0.05pt a year

BLCK0.35%STCE0.30%

Avg volume · 30D

STCE 255.3×the volume

BLCK466STCE119K

BLCK vs STCE Performance

Aug 7, 2026 – Nov 9, 2026

−20.2%BLCK−26.6%STCE

Aug 7, 2026 to Nov 9, 2026. BLCK −20.2%. STCE −26.6%. Use the arrow keys to read each point.−10%0%10%20%Aug 2026Sep 2026Nov 2026
Expense ratio
BLCK 0.35%
STCE 0.30%, better
Fund size
BLCK $0
STCE $146M
1Y total return
BLCK No data
STCE −46.6%
Yield (12M)
BLCK No data
STCE 2.47%
Holdings
BLCK 34
STCE 40
Avg volume (30D)
BLCK 466 sh
STCE 119K sh, better
NAV per share
BLCK $17.08
STCE $44.13
52W range

ETF.net Grade

BLCK: Cost 95, Risk 29, Mission not scored, Tradability 2, Holdings 67, Durability 1. STCE: Cost 100, Risk 31, Mission not scored, Tradability 86, Holdings 76, Durability 63.
Pillar letters and Scores for BLCK, STCE, with each pillar’s weight
PillarBLCKSTCE
Cost30% weightA95A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightD29D31Higher
Tradability15% weightF2A86Higher
Holdings10% weightB67A76Higher
Durability5% weightF1B63Higher

Rank among Crypto Industry Stocks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BLCK and STCE are both graded against the same 20 Crypto Industry Stocks funds, so their Grades compare head to head.

Crypto Industry Stocks⁠

Category · 20 funds
See all 20 ›

STCE ranks 1st and BLCK 13th of 20 funds in the Crypto Industry Stocks Category.

  1. Rank 1AFDIGFidelity Crypto Industry and Digital Payments ETFScore 77
  2. Rank 1ASTCESchwab Crypto Thematic ETFScore 77
  3. Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
  4. Rank 13CBCORGrayscale Bitcoin Adopters ETFScore 40
  5. Rank 13CBLCKCorgi Crypto Infrastructure ETFScore 40
  6. Rank 13CSTBQAmplify Stablecoin Technology ETFScore 40

Our read on each fund

ETF.net Research

BLCKCCorgi Crypto Infrastructure ETF

STCEASchwab Crypto Thematic ETF

In short

BLCK No data

STCE Crypto exposure without owning a coin. STCE holds about 40 global companies tied to digital assets and blockchain, chosen by Schwab's own index, at a price that undercuts most thematic funds.

Stated mandate

BLCK No data

STCE The fund seeks to track, before fees and expenses, an index providing global exposure to companies that may benefit from developing or using cryptocurrencies and other digital assets, or from business activities tied to blockchain and distributed-ledger technology.

Why people hold it

BLCK No data

  • STCE Charges 0.30% a year, roughly half the typical fund in its global thematic group. Schwab billed it as the lowest-cost crypto-related ETF when it launched in 2022.aboutschwab.com
  • Stocks, not coins: the index targets companies worldwide that may benefit from cryptocurrencies, digital assets and distributed-ledger technology.schwabassetmanagement.com
  • Cheap, straightforward and liquid enough for a niche theme, which puts it in the top quartile of its global thematic peer group.

Worth knowing

BLCK No data

  • STCE Crypto-linked equities move violently, and with roughly 40 non-diversified names, a stumble at one holding is felt across the fund.aaii.com
  • It owns crypto-adjacent businesses, not bitcoin, so its path can diverge from the coins themselves in either direction.aaii.com
  • Modest asset base by ETF standards and distributions land only once or twice a year, so this is a theme sleeve rather than an income holding.

Full BLCK profile⁠

Full STCE profile⁠

BLCK vs STCE Holdings

How BLCK and STCE differ

Overlap by weight

44.6%

Shared holdings make up 60.1% of STCE and 55.7% of BLCK.

Level by level

  • Holdings18 in both44.6%
  • Sector6 Sectors75.8%
  • Countryby domicile87.9%
  • Asset classStocks100%

Sector

Sector weights in BLCK and STCE, widest gap first
SectorMore in BLCKMore in STCEGap
FinancialsBLCK +20.7 points
TechnologySTCE +13.3 points
CommunicationSTCE +6.1 points
IndustrialsBLCK +3.5 points
UtilitiesSTCE +2.6 points
Consumer StaplesSTCE +2.1 points

Country, concentration and asset class

Country by domicile

Country weights in BLCK and STCE, widest gap first
CountryMore in BLCKMore in STCEGap
JapanSTCE +4.7 points
Cayman IslandsBLCK +4.1 points
SingaporeBLCK +3.0 points
IsraelBLCK +2.6 points
CanadaSTCE +2.6 points
United StatesSTCE +1.8 points
NorwaySTCE +1.6 points
NetherlandsBLCK +1.5 points
Other countries (2)STCE +0.6 points

Concentration

Weight in the 10 largest Holdings

  • BLCK55.6%
  • STCE46.0%

Securities held

  • BLCK34
  • STCE36

Asset class

BLCK
Stocks
STCE
Stocks

Holdings

  • Only in BLCK16
  • In both18
  • Only in STCE18

Only in BLCK

16 securities, 44.3% of BLCK by weight

  • CME Group Inc7.88%
  • Circle Internet Group Inc6.60%
  • GPGI Inc4.41%

Only in STCE

18 securities, 39.9% of STCE by weight

  • Strategy Inc Class A5.02%
  • Block Class A4.56%
  • Hyperliquid Strategies Inc3.77%

Weight gaps

All 18 Holdings in both funds, largest gap first.

Holding weights in BLCK and STCE, widest gap first
HoldingMore in BLCKMore in STCEGap
Core Scientific IncCORZSTCE +4.13 points
Coinbase Global IncCOINBLCK +3.75 points
Bitdeer Technologies GroupBTDRSTCE +3.25 points
Hive Digital Technologies LtdHIVESTCE +2.32 points
PayPal Holdings IncPYPLBLCK +2.30 points
Robinhood Markets IncHOODBLCK +2.24 points
Galaxy Digital IncGLXYSTCE +1.72 points
Cleanspark IncCLSKSTCE +1.36 points

All 30 BLCK holdings⁠All 41 STCE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLCK vs STCE Cost

Overpaying BLCK vs STCE

$977

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BLCK 0.35%

    $7,126

  • STCE 0.30%

    $6,149

$10,000
30 years

Cost over time

  • BLCK 0.35%
  • STCE 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BLCK $7,126STCE $6,149

Year by year

YearBLCKSTCEOverpaying
10$634$545$89
20$2,454$2,113$341
30$7,126$6,149$977

Expense ratio

  • 0.35%BLCK
  • 0.30%STCE, cheaper
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

STCE cheapest of 20 funds

BLCK 2nd cheapest of 20 funds

BLCK vs STCE Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
BLCK No data
STCE 2.47%
Payout (12M)
BLCK None
STCE $1.13
Last payment
BLCK No data
STCE $1.13
Ex-dividend
BLCK No data
STCE Dec 11, 2025
Paid on
BLCK No data
STCE Dec 16, 2025
Frequency
BLCK No data
STCE Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

BLCKAll BLCK payments⁠

No distribution history available.

STCETwice a year · 7 paymentsAll STCE payments⁠
One bar per payment. 7 payments from 2022 to 2026 YTD. Dec 7, 2022 $0.22; Jun 21, 2023 $0.02; Dec 6, 2023 $0.07; Jun 26, 2024 $0.04; Dec 13, 2024 $0.25; Jun 25, 2025 $0.04; Dec 11, 2025 $1.13. Use the arrow keys to read each point.$0$120232026YTD

BLCK vs STCE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BLCK No dataSTCE 62.4%
Return per unit of riskSharpe ratio, 3 years
BLCK No dataSTCE 0.70
Worst fallMax drawdown, 5 years
BLCK No dataSTCE −60.4%since Aug 2022
Market sensitivityBeta, 5 years
BLCK 5.80STCE 3.42

BLCK and STCE in the news

All news⁠

Popular comparisons

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