SATO vs. AETH

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Bitwise Ethereum Strategy ETF (AETH).

SATO and AETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AETH is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.

Performance

SATO vs. AETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Bitwise Ethereum Strategy ETF (AETH). The values are adjusted to include any dividend payments, if applicable.

SATO vs. AETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SATO Invesco Alerian Galaxy Crypto Economy ETF	-19.69%	2.26%	55.25%	85.49%
AETH Bitwise Ethereum Strategy ETF	-5.52%	-0.11%	31.76%	37.65%

Returns By Period

In the year-to-date period, SATO achieves a -19.69% return, which is significantly lower than AETH's -5.52% return.

SATO

• 1D: -0.42%
• 1M: -11.37%
• YTD: -19.69%
• 6M: -43.41%
• 1Y: 7.76%
• 3Y*: 40.65%
• 5Y*: —
• 10Y*: —

AETH

• 1D: 0.01%
• 1M: -2.71%
• YTD: -5.52%
• 6M: -27.06%
• 1Y: 27.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SATO vs. AETH - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is lower than AETH's 0.90% expense ratio.

AETH

Bitwise Ethereum Strategy ETF

SATO

Invesco Alerian Galaxy Crypto Economy ETF

Return for Risk

SATO vs. AETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SATO

SATO Risk / Return Rank: 17
SATO Sharpe Ratio Rank: 15
SATO Sortino Ratio Rank: 21
SATO Omega Ratio Rank: 18
SATO Calmar Ratio Rank: 16
SATO Martin Ratio Rank: 15

AETH

AETH Risk / Return Rank: 32
AETH Sharpe Ratio Rank: 28
AETH Sortino Ratio Rank: 43
AETH Omega Ratio Rank: 45
AETH Calmar Ratio Rank: 27
AETH Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SATO vs. AETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Bitwise Ethereum Strategy ETF (AETH). 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.

	SATO	AETH	Difference
Sharpe ratio Return per unit of total volatility	0.14	0.55	-0.41
Sortino ratio Return per unit of downside risk	0.61	1.25	-0.65
Omega ratio Gain probability vs. loss probability	1.07	1.18	-0.11
Calmar ratio Return relative to maximum drawdown	0.21	0.67	-0.46
Martin ratio Return relative to average drawdown	0.46	1.07	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SATO vs. AETH - Sharpe Ratio Comparison

The current SATO Sharpe Ratio is 0.14, which is lower than the AETH Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SATO and AETH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SATO	AETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	0.55	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.43	-0.52

Correlation

The correlation between SATO and AETH is 0.52, 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

SATO vs. AETH - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 9.81%, more than AETH's 2.55% yield.

	TTM	2025	2024	2023	2022	2021
SATO Invesco Alerian Galaxy Crypto Economy ETF	9.81%	9.50%	15.03%	2.21%	8.97%	0.73%
AETH Bitwise Ethereum Strategy ETF	2.55%	2.41%	14.73%	6.64%	0.00%	0.00%

Drawdowns

SATO vs. AETH - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.00%, which is greater than AETH's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for SATO and AETH.

Drawdown Indicators

	SATO	AETH	Difference
Max Drawdown Largest peak-to-trough decline	-88.00%	-47.78%	-40.22%
Max Drawdown (1Y) Largest decline over 1 year	-53.49%	-41.40%	-12.09%
Current Drawdown Current decline from peak	-50.79%	-41.19%	-9.60%
Average Drawdown Average peak-to-trough decline	-51.48%	-23.51%	-27.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.47%	25.81%	-1.34%

Volatility

SATO vs. AETH - Volatility Comparison

The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 16.85%, while Bitwise Ethereum Strategy ETF (AETH) has a volatility of 18.61%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than AETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SATO	AETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.85%	18.61%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	41.84%	28.66%	+13.18%
Volatility (1Y) Calculated over the trailing 1-year period	54.28%	51.00%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.88%	56.15%	+7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.88%	56.15%	+7.73%