SATO vs. SETH
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds - SATO tracks the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index while SETH tracks the Bloomberg Galaxy Ethereum (--100%). Both are passively managed. Over the past year, SATO returned -18.39% vs 27.71% for SETH. Their -0.69 correlation means they have often moved in opposite directions in the past. SATO charges 0.60%/yr vs 0.95%/yr for SETH.
Performance
SATO vs. SETH - 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 SETH's 29.72% 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%
SETH
- 1D
- 3.07%
- 1M
- -9.89%
- 6M
- 19.58%
- YTD
- 29.72%
- 1Y
- 27.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -31.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $1.13M | $1.17M | $1.89M |
SATO vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | 2.26% | 55.25% | 78.19% |
SETH ProShares Short Ether Strategy ETF | 29.72% | -29.41% | -49.59% | -22.19% |
Correlation
The correlation between SATO and SETH is -0.76, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | -0.69 |
The correlation between SATO and SETH has been stable across timeframes, ranging from -0.76 to -0.69 - a consistent structural relationship.
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Return for Risk
SATO vs. SETH — Risk / Return Rank
SATO
SETH
SATO vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and ProShares Short Ether Strategy ETF (SETH). 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 | SETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.16 | -1.58 |
| Martin ratioReturn relative to average drawdown | -0.67 | 2.03 | -2.70 |
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Drawdowns
SATO vs. SETH - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than SETH's maximum drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for SATO and SETH.
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Drawdown Indicators
| SATO | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -80.74% | -7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -30.96% | -22.53% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | — | — |
Current DrawdownCurrent decline from peak | -46.92% | -64.37% | +17.45% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -55.10% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 17.67% | +15.95% |
Volatility
SATO vs. SETH - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to ProShares Short Ether Strategy ETF (SETH) at 13.41%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than SETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 13.41% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 45.76% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 67.20% | -13.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 68.89% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 68.89% | -5.91% |
SATO vs. SETH - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than SETH's 0.95% expense ratio.
Dividends
SATO vs. SETH - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, less than SETH's 17.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
SETH ProShares Short Ether Strategy ETF | 17.06% | 7.01% | 3.44% | 0.38% | 0.00% | 0.00% |
Frequently Asked Questions
SATO and SETH 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.
SATO has higher volatility (16.55%) compared to SETH (13.41%). In terms of maximum drawdown, SATO dropped -88.00% vs SETH's -80.74%.
On 1-year performance, SETH leads with 27.71% vs -18.39% for SATO. On fees, SATO is cheaper at 0.60% per year. On volatility, SETH has been the lower-risk option at 13.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SETH has performed better with a 27.71% return vs -18.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SATO is cheaper with a 0.60% expense ratio, compared with 0.95% for SETH.
SETH has the higher dividend yield at 17.06%, compared with 7.74% for SATO.
SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while SETH tracks Bloomberg Galaxy Ethereum (--100%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.60% for SATO and 0.95% for SETH.
SETH currently has the higher Sharpe Ratio (0.54 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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