PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
SATO vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SATO vs. BITO

Last updated May 19, 2025

Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and ProShares Bitcoin Strategy ETF (BITO).

SATO and BITO 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or BITO.

Correlation

The correlation between SATO and BITO is 0.41, 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.

Performance

SATO vs. BITO - Performance Comparison

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

Loading data...

Key characteristics

Sharpe Ratio

SATO:

0.92

BITO:

0.89

Sortino Ratio

SATO:

1.72

BITO:

1.56

Omega Ratio

SATO:

1.20

BITO:

1.18

Calmar Ratio

SATO:

1.13

BITO:

1.60

Martin Ratio

SATO:

3.15

BITO:

3.58

Ulcer Index

SATO:

20.79%

BITO:

13.91%

Daily Std Dev

SATO:

62.92%

BITO:

53.88%

Max Drawdown

SATO:

-88.01%

BITO:

-77.86%

Current Drawdown

SATO:

-31.68%

BITO:

-3.88%

Returns By Period

In the year-to-date period, SATO achieves a -3.56% return, which is significantly lower than BITO's 10.49% return.

SATO

YTD

-3.56%

1M

35.95%

6M

-2.00%

1Y

56.52%

3Y*

31.36%

5Y*

N/A

10Y*

N/A

BITO

YTD

10.49%

1M

23.50%

6M

11.07%

1Y

47.65%

3Y*

45.76%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Alerian Galaxy Crypto Economy ETF

ProShares Bitcoin Strategy ETF

SATO vs. BITO - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is lower than BITO's 0.95% expense ratio.

BITO
ProShares Bitcoin Strategy ETF
SATO
Invesco Alerian Galaxy Crypto Economy ETF

Risk-Adjusted Performance

SATO vs. BITO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SATO
The Risk-Adjusted Performance Rank of SATO is 8080
Overall Rank
The Sharpe Ratio Rank of SATO is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of SATO is 8585
Sortino Ratio Rank
The Omega Ratio Rank of SATO is 7979
Omega Ratio Rank
The Calmar Ratio Rank of SATO is 8383
Calmar Ratio Rank
The Martin Ratio Rank of SATO is 7272
Martin Ratio Rank
BITO
The Risk-Adjusted Performance Rank of BITO is 8181
Overall Rank
The Sharpe Ratio Rank of BITO is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8282
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 7575
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SATO vs. BITO - Risk-Adjusted Performance Comparison

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

The current SATO Sharpe Ratio is 0.92, which is comparable to the BITO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SATO and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Dividends

SATO vs. BITO - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 16.95%, less than BITO's 57.01% yield.

TTM2024202320222021
SATO
Invesco Alerian Galaxy Crypto Economy ETF		16.95%15.02%2.22%8.99%0.73%
BITO
ProShares Bitcoin Strategy ETF		57.01%61.59%15.14%0.00%0.00%

Drawdowns

SATO vs. BITO - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.01%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SATO and BITO. For additional features, visit the drawdowns tool.

Loading data...

Volatility

SATO vs. BITO - Volatility Comparison

Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 14.60% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.28%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading data...