SATO vs. DBE
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, SATO returned 21.01%/yr vs 17.96%/yr for DBE. At a 0.07 correlation, their price movements are largely independent. SATO charges 0.60%/yr vs 0.78%/yr for DBE.
Performance
SATO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -12.24% return, which is significantly lower than DBE's 68.39% return.
SATO
- 1D
- -4.30%
- 1M
- -15.29%
- 6M
- -24.52%
- YTD
- -12.24%
- 1Y
- -26.56%
- 3Y*
- 21.01%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
SATO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -12.24% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | -2.62% |
Correlation
The correlation between SATO and DBE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.07 |
The correlation between SATO and DBE shifts across timeframes, from -0.13 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SATO vs. DBE — Risk / Return Rank
SATO
DBE
SATO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.34 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.82 | 7.00 | -7.82 |
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Drawdowns
SATO vs. DBE - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SATO and DBE.
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Drawdown Indicators
| SATO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -86.69% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -24.72% | -28.77% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -24.72% | -28.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -46.22% | -36.07% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -50.73% | -57.19% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.38% | 8.26% | +24.12% |
Volatility
SATO vs. DBE - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco DB Energy Fund (DBE) have volatilities of 11.55% and 11.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 11.68% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 38.22% | 32.70% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.13% | 35.99% | +16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.96% | 29.88% | +33.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.96% | 28.39% | +34.57% |
SATO vs. DBE - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SATO vs. DBE - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.64%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.64% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SATO and DBE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to SATO (11.55%). In terms of maximum drawdown, SATO dropped -88.00% vs DBE's -86.69%.
On 3-year performance, SATO leads with 21.01% vs 17.96% for DBE. On fees, SATO is cheaper at 0.60% per year. On volatility, SATO has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SATO has performed better with a 21.01% return vs 17.96%. 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 0.78% for DBE.
SATO has the higher dividend yield at 7.64%, compared with 2.29% for DBE.
SATO is categorized as Cryptocurrency, while DBE is Oil & Gas. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.60% for SATO and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs -0.51), 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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