Schwab Crypto Thematic ETF (STCE) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Schwab Crypto Thematic ETF (STCE) operates in the Financial Services sector, specifically the Asset Management - Cryptocurrency industry, with a market capitalization near $183.2M, listed on AMEX, carrying a beta of 3.23 to the broader market. The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that is designed to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies (including bitcoin) and other digital assets, and the business activities connected to blockchain and other distributed ledger technology. public since 2022-08-04.
Snapshot as of May 15, 2026.
- Spot Price
- $71.56
- ATM IV
- 76.9%
- HV 20-Day
- 53.6%
- HV 60-Day
- 55.8%
- IV Rank
- 27.3%
- IV Percentile
- 52.8%
As of May 15, 2026, Schwab Crypto Thematic ETF (STCE) ATM implied volatility is 76.9%. 20-day realized volatility is 53.6%, producing an IV-HV spread of +23.3 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 27.3%.
How STCE iv/hv history Data Feeds Strategy Selection
Strategy selection on Schwab Crypto Thematic ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 76.9% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked STCE iv/hv history questions
- Is STCE options pricing rich or cheap right now?
- As of May 15, 2026, Schwab Crypto Thematic ETF (STCE) ATM IV is 76.9% against 20-day realized volatility of 53.6%. IV rank is 27.3%. STCE options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 23.3 vol points.
- What is the STCE variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. STCE is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does STCE IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. STCE's current rank of 27.3% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.