SATO vs. IBIT
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and iShares Bitcoin Trust ETF (IBIT).
SATO and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both SATO and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SATO vs. IBIT - Performance Comparison
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SATO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -19.35% | 2.26% | 67.93% |
IBIT iShares Bitcoin Trust ETF | -22.62% | -6.41% | 99.21% |
Returns By Period
In the year-to-date period, SATO achieves a -19.35% return, which is significantly higher than IBIT's -22.62% return.
SATO
- 1D
- 6.25%
- 1M
- -7.50%
- YTD
- -19.35%
- 6M
- -42.72%
- 1Y
- 11.71%
- 3Y*
- 40.85%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- 1.96%
- 1M
- 3.31%
- YTD
- -22.62%
- 6M
- -40.89%
- 1Y
- -17.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SATO vs. IBIT - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Return for Risk
SATO vs. IBIT — Risk / Return Rank
SATO
IBIT
SATO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and iShares Bitcoin Trust ETF (IBIT). 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.
| SATO | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | -0.40 | +0.61 |
Sortino ratioReturn per unit of downside risk | 0.71 | -0.29 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.08 | 0.97 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.39 | +0.57 |
Martin ratioReturn relative to average drawdown | 0.39 | -0.83 | +1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SATO | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.40 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.35 | -0.44 |
Correlation
The correlation between SATO and IBIT is 0.78, 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.
Dividends
SATO vs. IBIT - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 9.77%, while IBIT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 9.77% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SATO vs. IBIT - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for SATO and IBIT.
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Drawdown Indicators
| SATO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -49.36% | -38.64% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -49.36% | -4.13% |
Current DrawdownCurrent decline from peak | -50.58% | -46.11% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -51.48% | -14.13% | -37.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.26% | 23.09% | +1.17% |
Volatility
SATO vs. IBIT - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 17.06% compared to iShares Bitcoin Trust ETF (IBIT) at 12.99%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 12.99% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 41.94% | 36.75% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.32% | 45.42% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.90% | 51.26% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.90% | 51.26% | +12.64% |