SATO vs. BITQ
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Bitwise Crypto Industry Innovators ETF (BITQ).
SATO and BITQ 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. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both SATO and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or BITQ.
Key characteristics
| SATO | BITQ | |
|---|---|---|
| YTD Return | 65.29% | 80.33% |
| 1Y Return | 191.62% | 200.74% |
| 3Y Return (Ann) | -8.54% | -13.58% |
| Sharpe Ratio | 2.73 | 2.72 |
| Sortino Ratio | 3.13 | 3.19 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.46 | 2.41 |
| Martin Ratio | 10.01 | 10.89 |
| Ulcer Index | 18.23% | 17.46% |
| Daily Std Dev | 66.90% | 69.77% |
| Max Drawdown | -88.01% | -90.32% |
| Current Drawdown | -24.58% | -36.08% |
Correlation
The correlation between SATO and BITQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SATO vs. BITQ - Performance Comparison
In the year-to-date period, SATO achieves a 65.29% return, which is significantly lower than BITQ's 80.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SATO vs. BITQ - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
SATO vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
Dividends
SATO vs. BITQ - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 1.83%, more than BITQ's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.83% | 2.22% | 8.99% | 0.73% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 1.51% | 0.00% | 3.12% |
Drawdowns
SATO vs. BITQ - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.01%, roughly equal to the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for SATO and BITQ. For additional features, visit the drawdowns tool.
Volatility
SATO vs. BITQ - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 23.65%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 26.13%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.