SATO vs. QQQ
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco QQQ (QQQ).
SATO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SATO and QQQ 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 QQQ.
Key characteristics
| SATO | QQQ | |
|---|---|---|
| YTD Return | 65.29% | 25.79% |
| 1Y Return | 191.62% | 36.91% |
| 3Y Return (Ann) | -8.54% | 9.89% |
| Sharpe Ratio | 2.73 | 2.11 |
| Sortino Ratio | 3.13 | 2.78 |
| Omega Ratio | 1.36 | 1.38 |
| Calmar Ratio | 2.46 | 2.69 |
| Martin Ratio | 10.01 | 9.81 |
| Ulcer Index | 18.23% | 3.72% |
| Daily Std Dev | 66.90% | 17.32% |
| Max Drawdown | -88.01% | -82.98% |
| Current Drawdown | -24.58% | -0.24% |
Correlation
The correlation between SATO and QQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SATO vs. QQQ - Performance Comparison
In the year-to-date period, SATO achieves a 65.29% return, which is significantly higher than QQQ's 25.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SATO vs. QQQ - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SATO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco QQQ (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.
Dividends
SATO vs. QQQ - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 1.83%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.83% | 2.22% | 8.99% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SATO vs. QQQ - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.01%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SATO and QQQ. For additional features, visit the drawdowns tool.
Volatility
SATO vs. QQQ - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 23.65% compared to Invesco QQQ (QQQ) at 5.14%. 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.