ETF Evaluator:
State Street® Galaxy Dgtl Ast Ecosys ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Digital Assets Over the Last Year
| 103.7% | CoinShares Bitcoin Mining ETF (WGMI) |
| 92.3% | State Street® Galaxy Dgtl Ast Ecosys ETF (DECO) |
| 85.8% | State Street® Galaxy HdgDgtlAstEcosysETF (HECO) |
| 29.1% | Grayscale Bitcoin Miners ETF (MNRS) |
| 20.3% | VanEck Onchain Economy ETF (NODE) |
Risk
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Risk
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ETF Details
State Street® Galaxy Dgtl Ast Ecosys ETF Overview
State Street® Galaxy Dgtl Ast Ecosys ETF (DECO) is an actively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2024.
The investment seeks to provide long term capital appreciation.
The Sub-Adviser seeks to achieve the fund's investment objective by investing, directly or indirectly, in (i) equity securities of foreign and domestic companies within the crypto asset and blockchain industries, (ii) exchange-traded funds (“ETFs”) that primarily hold bitcoin and/or ether futures contracts (“Crypto Asset Futures ETFs”), (iii) bitcoin and ether futures contracts (“crypto asset futures”), and (iv) exchange-traded products that hold bitcoin or ether as a reference asset (“Spot Crypto Asset ETPs”). The fund is non-diversified.
About State Street® Galaxy Dgtl Ast Ecosys ETF (DECO)
There are 2 members of the management team with an average tenure of 1.89 years: Christopher Rhine (2024) and Paul Cappelli (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. State Street® Galaxy Dgtl Ast Ecosys ETF has 32 securities in its portfolio. The top 10 holdings constitute 64.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street® Galaxy Dgtl Ast Ecosys ETF is part of the Equity global asset class and is within the Sector Equity ETF group. State Street® Galaxy Dgtl Ast Ecosys ETF has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.3% There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street® Galaxy Dgtl Ast Ecosys ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $20 million in total assets, which is below the $181 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DECO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street® Galaxy Dgtl Ast Ecosys ETF expense ratio is above average compared to funds in the Equity Digital Assets category. State Street® Galaxy Dgtl Ast Ecosys ETF has an expense ratio of 0.65%, which is 2% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street® Galaxy Dgtl Ast Ecosys ETF has a portfolio turnover rate of 130%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 91% for the Equity Digital Assets category.
Recently, in the month of July 2026, State Street® Galaxy Dgtl Ast Ecosys ETF returned -8.7%, which earned it a grade of C, as the Equity Digital Assets category had an average return of -8.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street® Galaxy Dgtl Ast Ecosys ETF has a trailing yield of 0.72%, which is below the 5.75% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
State Street® Galaxy Dgtl Ast Ecosys ETF Grades
Year to date, the ETF has returned 61.2%, 51.9 percentage points better than the category, which translates into a grade of A. The fund has returned 92.3% over the past year (grade of A).
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DECO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DECO Return (NAV) | -8.7% | 29.9% | 92.3% | na | na | na |
| DECO Return (Price) | -8.6% | 29.7% | 92.4% | na | na | na |
| NAV +/- Price Return | -0.028% | 0.194% | -0.070% | na | na | na |
| Equity Digital Assets Avg | -8.3% | -2.1% | 14.8% | 28.7% | 0.9% | na |
| DECO Grade (NAV) | C | A | A | na | na | na |
| +/- Category (NAV) | -0.3% | 32.1% | 77.5% | na | na | na |
| DECO Tax-Cost Ratio | na | na | 0.5% | na | na | na |
DECO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DECO Return (NAV) | 61.2% | 42.6% | na | na | na | na | na | na | na | na | na |
| DECO Return (Price) | 61.3% | 42.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | -0.003% | na | na | na | na | na | na | na | na | na |
| Equity Digital Assets Avg | 9.3% | 25.2% | 41.5% | 213.3% | -78.9% | 31.6% | 88.2% | 29.2% | na | na | na |
| DECO Grade (NAV) | A | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 51.9% | 17.4% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 20 Mil |
| Share Class Assets: | $ 20 Mil |
| Turnover: | 130.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Rhine Christopher (2024), Cappelli Paul (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 64.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.8% |
Portfolio Allocation |
|
| Domestic Stock: | 96.3% |
| Foreign Stock: | 2.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | September 9, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.67% |