SATO vs. IBIT
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and iShares Bitcoin Trust (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or IBIT.
Correlation
The correlation between SATO and IBIT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SATO vs. IBIT - Performance Comparison
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Key characteristics
SATO:
0.92
IBIT:
1.07
SATO:
1.72
IBIT:
1.76
SATO:
1.20
IBIT:
1.21
SATO:
1.13
IBIT:
2.10
SATO:
3.15
IBIT:
4.59
SATO:
20.79%
IBIT:
12.91%
SATO:
62.92%
IBIT:
53.32%
SATO:
-88.01%
IBIT:
-28.22%
SATO:
-31.68%
IBIT:
-1.22%
Returns By Period
In the year-to-date period, SATO achieves a -3.56% return, which is significantly lower than IBIT's 13.08% return.
SATO
-3.56%
35.95%
-2.00%
56.52%
31.36%
N/A
N/A
IBIT
13.08%
24.31%
15.08%
56.71%
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
SATO vs. IBIT — Risk-Adjusted Performance Rank
SATO
IBIT
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.
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Dividends
SATO vs. IBIT - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 16.95%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 16.95% | 15.02% | 2.22% | 8.99% | 0.73% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SATO vs. IBIT - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.01%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for SATO and IBIT. For additional features, visit the drawdowns tool.
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Volatility
SATO vs. IBIT - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 14.60% compared to iShares Bitcoin Trust (IBIT) at 9.29%. 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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