BTRN vs. SATO
Compare and contrast key facts about Global X Bitcoin Trend Strategy ETF (BTRN) and Invesco Alerian Galaxy Crypto Economy ETF (SATO).
BTRN and SATO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTRN is a passively managed fund by Global X that tracks the performance of the CoinDesk Bitcoin Trend Indicator Futures Index. It was launched on Mar 20, 2024. SATO is a passively managed fund by Invesco that tracks the performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. It was launched on Oct 7, 2021. Both BTRN and SATO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BTRN vs. SATO - Performance Comparison
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BTRN vs. SATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -1.55% | 4.89% | 5.22% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | -19.69% | 2.26% | 49.87% |
Returns By Period
In the year-to-date period, BTRN achieves a -1.55% return, which is significantly higher than SATO's -19.69% return.
BTRN
- 1D
- 0.04%
- 1M
- -0.80%
- YTD
- -1.55%
- 6M
- -11.91%
- 1Y
- 2.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SATO
- 1D
- -0.42%
- 1M
- -11.37%
- YTD
- -19.69%
- 6M
- -43.41%
- 1Y
- 7.76%
- 3Y*
- 40.65%
- 5Y*
- —
- 10Y*
- —
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BTRN vs. SATO - Expense Ratio Comparison
BTRN has a 0.95% expense ratio, which is higher than SATO's 0.60% expense ratio.
Return for Risk
BTRN vs. SATO — Risk / Return Rank
BTRN
SATO
BTRN vs. SATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BTRN | SATO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.14 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.33 | 0.61 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.21 | -0.03 |
Martin ratioReturn relative to average drawdown | 0.28 | 0.46 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTRN | SATO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.14 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.09 | +0.22 |
Correlation
The correlation between BTRN and SATO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BTRN vs. SATO - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 28.19%, more than SATO's 9.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 28.19% | 27.76% | 2.56% | 0.00% | 0.00% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 9.81% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
Drawdowns
BTRN vs. SATO - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum SATO drawdown of -88.00%. Use the drawdown chart below to compare losses from any high point for BTRN and SATO.
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Drawdown Indicators
| BTRN | SATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -88.00% | +51.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -53.49% | +33.69% |
Current DrawdownCurrent decline from peak | -18.92% | -50.79% | +31.87% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -51.48% | +37.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 24.47% | -11.68% |
Volatility
BTRN vs. SATO - Volatility Comparison
The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.69%, while Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a volatility of 16.85%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than SATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTRN | SATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 16.85% | -14.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 41.84% | -32.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 54.28% | -34.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.64% | 63.88% | -32.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.64% | 63.88% | -32.24% |