SATO vs. MSTR
SATO (Invesco Alerian Galaxy Crypto Economy ETF) is Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while MSTR (Strategy Inc) is a stock. Over the past 3 years, SATO returned 36.84%/yr vs 40.79%/yr for MSTR. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
SATO vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -7.58% return, which is significantly higher than MSTR's -43.84% return.
SATO
- 1D
- -2.63%
- 1M
- -13.09%
- YTD
- -7.58%
- 6M
- -12.57%
- 1Y
- -3.99%
- 3Y*
- 36.84%
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -9.35%
- 1M
- -46.65%
- YTD
- -43.84%
- 6M
- -46.24%
- 1Y
- -78.05%
- 3Y*
- 40.79%
- 5Y*
- 9.18%
- 10Y*
- 17.71%
SATO vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -7.58% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
MSTR Strategy Inc | -43.84% | -47.53% | 358.54% | 346.15% | -74.00% | -19.19% |
Correlation
The correlation between SATO and MSTR is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.80 |
The correlation between SATO and MSTR has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
SATO vs. MSTR — Risk / Return Rank
SATO
MSTR
SATO vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.76 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.96 | +0.89 |
| Martin ratioReturn relative to average drawdown | -0.13 | -1.43 | +1.30 |
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Drawdowns
SATO vs. MSTR - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for SATO and MSTR.
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Drawdown Indicators
| SATO | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -99.86% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -81.28% | +27.79% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -81.99% | +28.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -43.37% | -81.99% | +38.62% |
Average DrawdownAverage peak-to-trough decline | -50.81% | -86.44% | +35.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.68% | 54.71% | -24.03% |
Volatility
SATO vs. MSTR - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 14.53%, while Strategy Inc (MSTR) has a volatility of 24.22%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.53% | 24.22% | -9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 38.75% | 58.95% | -20.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.24% | 73.06% | -20.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.17% | 90.71% | -27.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.17% | 74.00% | -10.83% |
Dividends
SATO vs. MSTR - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.26%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.26% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
Frequently Asked Questions
SATO and MSTR have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (24.22%) compared to SATO (14.53%). In terms of maximum drawdown, SATO dropped -88.00% vs MSTR's -99.86%.
SATO currently has the higher Sharpe Ratio (-0.08 vs -1.07), 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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