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SATO vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SATOIBIT
Daily Std Dev65.36%56.49%
Max Drawdown-88.01%-27.51%
Current Drawdown-33.96%0.00%

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.

Performance

SATO vs. IBIT - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
62.29%
26.35%
SATO
IBIT

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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.


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%

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.


SATO
Sharpe ratio
The chart of Sharpe ratio for SATO, currently valued at 2.34, compared to the broader market-2.000.002.004.002.34
Sortino ratio
The chart of Sortino ratio for SATO, currently valued at 2.83, compared to the broader market-2.000.002.004.006.008.0010.0012.002.83
Omega ratio
The chart of Omega ratio for SATO, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for SATO, currently valued at 2.07, compared to the broader market0.005.0010.0015.002.07
Martin ratio
The chart of Martin ratio for SATO, currently valued at 8.40, compared to the broader market0.0020.0040.0060.0080.00100.008.40
IBIT
Sharpe ratio
No data

SATO vs. IBIT - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

SATO vs. IBIT - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 2.09%, while IBIT has not paid dividends to shareholders.


TTM202320222021
SATO
Invesco Alerian Galaxy Crypto Economy ETF
2.09%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 20.61% compared to iShares Bitcoin Trust (IBIT) at 14.61%. 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
20.61%
14.61%
SATO
IBIT