PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SATO vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SATO vs. IBIT - Performance Comparison

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

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
64.81%
35.28%
SATO
IBIT

Returns By Period


SATO

YTD

67.63%

1M

31.40%

6M

64.82%

1Y

171.96%

5Y (annualized)

N/A

10Y (annualized)

N/A

IBIT

YTD

N/A

1M

39.28%

6M

35.28%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


SATOIBIT
Daily Std Dev66.96%57.61%
Max Drawdown-88.01%-27.51%
Current Drawdown-23.51%0.00%

Compare stocks, funds, or ETFs

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


SATO vs. IBIT - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is higher than IBIT's 0.25% expense ratio.


SATO
Invesco Alerian Galaxy Crypto Economy ETF
Expense ratio chart for SATO: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for IBIT: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.00.8

The correlation between SATO and IBIT is 0.76, 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.

Risk-Adjusted Performance

SATO vs. IBIT - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for SATO, currently valued at 2.51, compared to the broader market0.002.004.002.51
The chart of Sortino ratio for SATO, currently valued at 2.97, compared to the broader market-2.000.002.004.006.008.0010.0012.002.97
The chart of Omega ratio for SATO, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.34
The chart of Calmar ratio for SATO, currently valued at 2.34, compared to the broader market0.005.0010.0015.002.34
The chart of Martin ratio for SATO, currently valued at 9.21, compared to the broader market0.0020.0040.0060.0080.00100.009.21
SATO
IBIT

Chart placeholderNot enough data

Dividends

SATO vs. IBIT - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 1.81%, while IBIT has not paid dividends to shareholders.


TTM202320222021
SATO
Invesco Alerian Galaxy Crypto Economy ETF
1.81%2.22%8.99%0.73%
IBIT
iShares Bitcoin Trust
0.00%0.00%0.00%0.00%

Drawdowns

SATO vs. IBIT - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.01%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for SATO and IBIT. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
SATO
IBIT

Volatility

SATO vs. IBIT - Volatility Comparison

Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 25.22% compared to iShares Bitcoin Trust (IBIT) at 18.20%. 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
25.22%
18.20%
SATO
IBIT