SATO vs. SPMO
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and SPMO (Invesco S&P 500 Momentum 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 SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 3 years, SATO returned 21.83%/yr vs 37.36%/yr for SPMO. Their 0.53 correlation means they have sometimes moved together and sometimes differently. SATO charges 0.60%/yr vs 0.13%/yr for SPMO.
Performance
SATO vs. SPMO - 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 SPMO's 21.07% 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%
SPMO
- 1D
- 0.29%
- 1M
- -4.64%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 28.09%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $331.54M | $346.70M | $350.59M |
SATO vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 6.07% |
Correlation
The correlation between SATO and SPMO is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.53 |
The correlation between SATO and SPMO has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
SATO vs. SPMO — Risk / Return Rank
SATO
SPMO
SATO vs. SPMO - 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 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.63 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.67 | 5.93 | -6.61 |
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Drawdowns
SATO vs. SPMO - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SATO and SPMO.
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Drawdown Indicators
| SATO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -30.95% | -57.05% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -15.64% | -37.85% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -20.13% | -33.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -46.92% | -11.03% | -35.89% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -4.62% | -46.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 4.29% | +29.33% |
Volatility
SATO vs. SPMO - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.53%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 10.53% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 21.52% | +17.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 23.90% | +29.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 20.60% | +42.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 20.92% | +42.06% |
SATO vs. SPMO - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
SATO vs. SPMO - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than SPMO's 0.73% 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.73% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
SATO and SPMO have a correlation of 0.61, 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 SPMO (10.53%). In terms of maximum drawdown, SATO dropped -88.00% vs SPMO's -30.95%.
On 3-year performance, SPMO leads with 37.36% vs 21.83% for SATO. On fees, SPMO is cheaper at 0.13% per year. On volatility, SPMO has been the lower-risk option at 10.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPMO has performed better with a 37.36% return vs 21.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.74%, compared with 0.73% for SPMO.
SATO is categorized as Cryptocurrency, while SPMO is Momentum. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.60% for SATO and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (1.07 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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