SATO vs. QQQM
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and QQQM (Invesco NASDAQ 100 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 QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, SATO returned 21.83%/yr vs 22.37%/yr for QQQM. Their 0.64 correlation means they have sometimes moved together and sometimes differently. SATO charges 0.60%/yr vs 0.15%/yr for QQQM.
Performance
SATO vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -13.37% return, which is significantly lower than QQQM's 12.29% return.
SATO
- 1D
- -3.22%
- 1M
- -4.42%
- 6M
- -16.14%
- YTD
- -13.37%
- 1Y
- -18.39%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.90%
QQQM
- 1D
- 0.69%
- 1M
- -3.45%
- 6M
- 10.92%
- YTD
- 12.29%
- 1Y
- 24.86%
- 3Y*
- 22.37%
- 5Y*
- 14.31%
- 10Y*
- —
- ALL TIME*
- 16.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $962.22M | $908.74M | $1.19B | |
| $33.71K | $38.05K | $74.17K |
SATO vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 10.70% |
Correlation
The correlation between SATO and QQQM is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.64 |
The correlation between SATO and QQQM has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
SATO vs. QQQM — Risk / Return Rank
SATO
QQQM
SATO vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.88 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.67 | 6.01 | -6.68 |
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Drawdowns
SATO vs. QQQM - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SATO and QQQM.
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Drawdown Indicators
| SATO | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -35.04% | -52.96% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -11.96% | -41.53% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -22.70% | -30.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.04% | — |
Current DrawdownCurrent decline from peak | -46.92% | -7.69% | -39.23% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -8.15% | -42.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 3.74% | +29.88% |
Volatility
SATO vs. QQQM - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.83%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 6.83% | +9.72% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 15.91% | +23.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 19.24% | +34.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 22.74% | +40.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 22.32% | +40.66% |
SATO vs. QQQM - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
SATO vs. QQQM - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than QQQM's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% |
Frequently Asked Questions
SATO and QQQM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (16.55%) compared to QQQM (6.83%). In terms of maximum drawdown, SATO dropped -88.00% vs QQQM's -35.04%.
On 3-year performance, QQQM leads with 22.37% vs 21.83% for SATO. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQM has performed better with a 22.37% return vs 21.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.74%, compared with 0.46% for QQQM.
SATO is categorized as Cryptocurrency, while QQQM is Nasdaq-100. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.60% for SATO and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (1.17 vs -0.42), 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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