SATO vs. SPHQ
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and SPHQ (Invesco S&P 500 Quality 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 SPHQ is a Quality Factor fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 3 years, SATO returned 21.83%/yr vs 18.91%/yr for SPHQ. Their 0.55 correlation means they have sometimes moved together and sometimes differently. SATO charges 0.60%/yr vs 0.15%/yr for SPHQ.
Performance
SATO vs. SPHQ - 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 SPHQ's 13.51% 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%
SPHQ
- 1D
- -0.47%
- 1M
- -3.64%
- 6M
- 10.07%
- YTD
- 13.51%
- 1Y
- 21.02%
- 3Y*
- 18.91%
- 5Y*
- 12.73%
- 10Y*
- 14.60%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $119.48M | $136.23M | $143.26M |
SATO vs. SPHQ - 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% |
SPHQ Invesco S&P 500 Quality ETF | 13.51% | 13.25% | 25.44% | 24.83% | -15.76% | 8.60% |
Correlation
The correlation between SATO and SPHQ is 0.50, 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. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.55 |
The correlation between SATO and SPHQ has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
SATO vs. SPHQ — Risk / Return Rank
SATO
SPHQ
SATO vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco S&P 500 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.26 | -2.69 |
| Martin ratioReturn relative to average drawdown | -0.67 | 8.07 | -8.74 |
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Drawdowns
SATO vs. SPHQ - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for SATO and SPHQ.
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Drawdown Indicators
| SATO | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -57.83% | -30.17% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -8.90% | -44.59% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -16.57% | -36.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -46.92% | -6.03% | -40.89% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -10.64% | -40.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 2.49% | +31.13% |
Volatility
SATO vs. SPHQ - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to Invesco S&P 500 Quality ETF (SPHQ) at 4.84%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 4.84% | +11.71% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 12.44% | +26.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 14.53% | +38.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 16.74% | +46.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 17.97% | +45.01% |
SATO vs. SPHQ - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Dividends
SATO vs. SPHQ - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than SPHQ's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.10% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Frequently Asked Questions
SATO and SPHQ have a correlation of 0.50, 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 SPHQ (4.84%). In terms of maximum drawdown, SATO dropped -88.00% vs SPHQ's -57.83%.
On 3-year performance, SATO leads with 21.83% vs 18.91% for SPHQ. On fees, SPHQ is cheaper at 0.15% per year. On volatility, SPHQ has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SATO has performed better with a 21.83% return vs 18.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHQ 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 1.10% for SPHQ.
SATO is categorized as Cryptocurrency, while SPHQ is Quality Factor. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.60% for SATO and 0.15% for SPHQ.
SPHQ currently has the higher Sharpe Ratio (1.39 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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