STCE vs. DAPP ETF Comparison

Comparison of Schwab Crypto Thematic ETF (STCE) to VanEck Vectors Digital Transformation ETF (DAPP)

STCE

Schwab Crypto Thematic ETF

STCE Description

The fund will not invest in cryptocurrency or digital assets directly. The investment adviser typically seeks to track the total return of the index by replicating the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$51.97

Average Daily Volume

26,513

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DAPP

VanEck Vectors Digital Transformation ETF

DAPP Description

DAPP seeks to track, as closely as possible, the price and yield performance of the MVIS Global Digital Assets Equity Index ("The Index"), a rules-based modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in digital assets. As the Index is designed to be a pure-play overview of the relevant players in the space, to be eligible for inclusion, a company must (i) generate at least 50% of its revenues from digital assets projects; (ii) generate at least 50% of its revenues from projects that, when developed, have the potential to generate at least 50% of their revenues from digital assets or digital asset projects; and/or (iii) have at least 50% of its assets invested in direct digital asset holdings or digital asset projects. The Index provides significant exposure to key companies in mining, hardware, exchanges, holding and trading, payment gateways, patents and services, and banking. The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Index rebalances quarterly.

Grade (RS Rating)

Last Trade

$18.20

Average Daily Volume

332,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	STCE	DAPP
30 Days	28.56%	31.48%
60 Days	57.88%	64.88%
90 Days	53.74%	62.67%
12 Months	137.72%	201.33%

9 Overlapping Holdings

Symbol	Grade	Weight in STCE	Weight in DAPP	Overlap
BTBT	C	4.54%	4.52%	4.52%
CIFR	C	7.85%	5.79%	5.79%
CLSK	C	5.86%	5.14%	5.14%
COIN	B	7.26%	8.82%	7.26%
IREN	C	7.06%	3.84%	3.84%
MARA	B	4.0%	5.32%	4.0%
MSTR	B	11.83%	11.03%	11.03%
RIOT	C	4.28%	5.2%	4.28%
SQ	A	2.54%	6.54%	2.54%

STCE Overweight 14 Positions Relative to DAPP

Symbol	Grade	Weight
HOOD	B	3.53%
IBKR	A	2.71%
PYPL	B	1.95%
CBOE	C	1.83%
WT	A	1.56%
NVDA	A	1.03%
OPRA	A	1.02%
FOUR	A	0.99%
SNEX	A	0.98%
VIRT	A	0.95%
BGC	C	0.93%
CUBI	C	0.91%
CME	A	0.89%
ICE	D	0.8%

STCE Underweight 3 Positions Relative to DAPP

Symbol	Grade	Weight
APLD	B	-4.47%
WULF	C	-4.39%
CAN	C	-3.14%