SATO vs. BITX
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
SATO and BITX 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. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or BITX.
Key characteristics
| SATO | BITX | |
|---|---|---|
| YTD Return | 65.29% | 163.72% |
| 1Y Return | 191.62% | 212.79% |
| Sharpe Ratio | 2.73 | 1.76 |
| Sortino Ratio | 3.13 | 2.47 |
| Omega Ratio | 1.36 | 1.29 |
| Calmar Ratio | 2.46 | 3.31 |
| Martin Ratio | 10.01 | 6.24 |
| Ulcer Index | 18.23% | 32.51% |
| Daily Std Dev | 66.90% | 115.56% |
| Max Drawdown | -88.01% | -61.28% |
| Current Drawdown | -24.58% | 0.00% |
Correlation
The correlation between SATO and BITX is 0.75, 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. BITX - Performance Comparison
In the year-to-date period, SATO achieves a 65.29% return, which is significantly lower than BITX's 163.72% 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. BITX - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
SATO vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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. BITX - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 1.83%, less than BITX's 8.24% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.83% | 2.22% | 8.99% | 0.73% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 8.24% | 0.00% | 0.00% | 0.00% |
Drawdowns
SATO vs. BITX - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.01%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for SATO and BITX. For additional features, visit the drawdowns tool.
Volatility
SATO vs. BITX - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 23.65%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 34.78%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.