SATO vs. BFJL
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, SATO returned -18.39% vs -14.80% for BFJL. Their 0.70 correlation means they have sometimes moved together and sometimes differently. SATO charges 0.60%/yr vs 0.90%/yr for BFJL.
Performance
SATO vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -13.37% return, which is significantly lower than BFJL's -5.11% return.
SATO
- 1D
- -3.22%
- 1M
- -4.42%
- 6M
- -16.14%
- YTD
- -13.37%
- 1Y
- -18.39%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.90%
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.56K | $8.09K | $4.95K | |
| $33.71K | $38.05K | $74.17K |
SATO vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | -0.86% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between SATO and BFJL is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.70 |
The correlation between SATO and BFJL has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
SATO vs. BFJL — Risk / Return Rank
SATO
BFJL
SATO vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SATO | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.81 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.74 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.67 | -1.00 | +0.32 |
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Drawdowns
SATO vs. BFJL - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for SATO and BFJL.
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Drawdown Indicators
| SATO | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -21.27% | -66.73% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -21.27% | -32.22% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | — | — |
Current DrawdownCurrent decline from peak | -46.92% | -19.01% | -27.91% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -12.90% | -37.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 15.74% | +17.88% |
Volatility
SATO vs. BFJL - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 3.65% | +12.90% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 5.54% | +33.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 13.20% | +40.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 13.17% | +49.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 13.17% | +49.81% |
SATO vs. BFJL - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
SATO vs. BFJL - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than BFJL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% | 0.00% | 0.00% | 0.00% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
Frequently Asked Questions
SATO and BFJL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (16.55%) compared to BFJL (3.65%). In terms of maximum drawdown, SATO dropped -88.00% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.80% vs -18.39% for SATO. On fees, SATO is cheaper at 0.60% per year. On volatility, BFJL has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFJL has performed better with a -14.80% return vs -18.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SATO is cheaper with a 0.60% expense ratio, compared with 0.90% for BFJL.
SATO has the higher dividend yield at 7.74%, compared with 1.42% for BFJL.
SATO is categorized as Cryptocurrency, while BFJL is Defined Outcome. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.60% for SATO and 0.90% for BFJL.
SATO currently has the higher Sharpe Ratio (-0.42 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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