SATO vs. QQQ
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, SATO returned 20.64%/yr vs 24.08%/yr for QQQ. A 0.64 correlation means they provide meaningful diversification when combined. SATO charges 0.60%/yr vs 0.18%/yr for QQQ.
Performance
SATO vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -11.75% return, which is significantly lower than QQQ's 16.13% return.
SATO
- 1D
- -3.36%
- 1M
- -10.88%
- 6M
- -23.63%
- YTD
- -11.75%
- 1Y
- -22.30%
- 3Y*
- 20.64%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -1.90%
- 1M
- -1.22%
- 6M
- 13.75%
- YTD
- 16.13%
- 1Y
- 29.05%
- 3Y*
- 24.08%
- 5Y*
- 15.10%
- 10Y*
- 21.19%
SATO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -11.75% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
QQQ Invesco QQQ ETF | 16.13% | 20.77% | 25.58% | 54.86% | -32.58% | 10.76% |
Correlation
The correlation between SATO and QQQ is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.64 |
The correlation between SATO and QQQ has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
SATO vs. QQQ — Risk / Return Rank
SATO
QQQ
SATO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.44 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.70 | 8.74 | -9.44 |
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Drawdowns
SATO vs. QQQ - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SATO and QQQ.
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Drawdown Indicators
| SATO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -82.97% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -11.96% | -41.53% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -22.77% | -30.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -45.92% | -4.51% | -41.41% |
Average DrawdownAverage peak-to-trough decline | -50.75% | -32.67% | -18.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.01% | 3.33% | +28.68% |
Volatility
SATO vs. QQQ - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 12.67% compared to Invesco QQQ ETF (QQQ) at 8.69%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 8.69% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 38.10% | 15.40% | +22.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.01% | 18.61% | +33.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.99% | 22.80% | +40.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.99% | 22.44% | +40.55% |
SATO vs. QQQ - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
SATO vs. QQQ - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.60%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.60% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SATO and QQQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (12.67%) compared to QQQ (8.69%). In terms of maximum drawdown, SATO dropped -88.00% vs QQQ's -82.97%.
On 3-year performance, QQQ leads with 24.08% vs 20.64% for SATO. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQ has performed better with a 24.08% return vs 20.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.60%, compared with 0.43% for QQQ.
SATO is categorized as Cryptocurrency, while QQQ is Nasdaq-100. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.60% for SATO and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.57 vs -0.43), 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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