SATO vs. STCE

Last updated Jun 24, 2026

SATO (Invesco Alerian Galaxy Crypto Economy ETF) and STCE (Schwab Crypto Thematic 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 STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index. Both are passively managed. Over the past 3 years, SATO returned 37.72%/yr vs 54.83%/yr for STCE. Their correlation of 0.94 suggests significant overlap in exposure. SATO charges 0.60%/yr vs 0.30%/yr for STCE.

Performance

SATO vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Schwab Crypto Thematic ETF (STCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SATO achieves a 0.09% return, which is significantly lower than STCE's 28.85% return.

SATO

• 1D: -2.97%
• 1M: -5.75%
• YTD: 0.09%
• 6M: -5.06%
• 1Y: 8.50%
• 3Y*: 37.72%
• 5Y*: —
• 10Y*: —

STCE

• 1D: -2.15%
• 1M: 3.34%
• YTD: 28.85%
• 6M: 18.77%
• 1Y: 80.72%
• 3Y*: 54.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SATO vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SATO Invesco Alerian Galaxy Crypto Economy ETF	0.09%	2.26%	55.25%	266.77%	-54.05%
STCE Schwab Crypto Thematic ETF	28.85%	36.12%	41.76%	108.65%	-40.98%

Correlation

The correlation between SATO and STCE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022	0.94

The correlation between SATO and STCE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

SATO vs. STCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SATO

SATO Risk / Return Rank: 11
SATO Sharpe Ratio Rank: 11
SATO Sortino Ratio Rank: 13
SATO Omega Ratio Rank: 13
SATO Calmar Ratio Rank: 10
SATO Martin Ratio Rank: 10

STCE

STCE Risk / Return Rank: 33
STCE Sharpe Ratio Rank: 39
STCE Sortino Ratio Rank: 38
STCE Omega Ratio Rank: 35
STCE Calmar Ratio Rank: 31
STCE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SATO vs. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Schwab Crypto Thematic ETF (STCE). 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	STCE	Difference
Sharpe ratio: Return per unit of total volatility	0.16	1.31	-1.15
Sortino ratio: Return per unit of downside risk	0.61	1.90	-1.29
Omega ratio: Gain probability vs. loss probability	1.07	1.23	-0.16
Calmar ratio: Return relative to maximum drawdown	0.16	1.50	-1.34
Martin ratio: Return relative to average drawdown	0.28	2.65	-2.37

SATO vs. STCE - Sharpe Ratio Comparison

The current SATO Sharpe Ratio is 0.16, which is lower than the STCE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SATO and STCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SATO vs. STCE - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.00%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for SATO and STCE.

Drawdown Indicators

	SATO	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-88.00%	-54.11%	-33.89%
Max Drawdown (1Y) Largest decline over 1 year	-53.49%	-54.11%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-53.49%	-54.11%	+0.62%
Current Drawdown Current decline from peak	-38.67%	-27.40%	-11.27%
Average Drawdown Average peak-to-trough decline	-50.82%	-22.05%	-28.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.44%	30.56%	-0.12%

Volatility

SATO vs. STCE - Volatility Comparison

The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 13.50%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 16.59%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SATO	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.50%	16.59%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	38.64%	42.95%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	52.11%	62.01%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.17%	56.01%	+7.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.17%	56.01%	+7.16%

SATO vs. STCE - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

SATO vs. STCE - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 6.70%, more than STCE's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021
SATO Invesco Alerian Galaxy Crypto Economy ETF	6.70%	9.50%	15.03%	2.21%	8.97%	0.73%
STCE Schwab Crypto Thematic ETF	1.52%	1.96%	0.64%	0.31%	1.46%	0.00%

Frequently Asked Questions

Can I hold both SATO and STCE in my portfolio?

With a correlation of 0.93, SATO and STCE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SATO or STCE?

STCE has higher volatility (16.59%) compared to SATO (13.50%). In terms of maximum drawdown, SATO dropped -88.00% vs STCE's -54.11%.

Which ETF is better, SATO or STCE?

On 3-year performance, STCE leads with 54.83% vs 37.72% for SATO. On fees, STCE is cheaper at 0.30% per year. On volatility, SATO has been the lower-risk option at 13.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SATO or STCE?

Over the 3-year period, STCE has performed better with a 54.83% return vs 37.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SATO or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.60% for SATO.

Which ETF pays a higher dividend yield, SATO or STCE?

SATO has the higher dividend yield at 6.70%, compared with 1.52% for STCE.

What is the main difference between SATO and STCE?

SATO is categorized as Cryptocurrency, while STCE is Blockchain. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while STCE tracks Schwab Crypto Thematic Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.60% for SATO and 0.30% for STCE.

Which has better risk-adjusted returns?

STCE currently has the higher Sharpe Ratio (1.31 vs 0.16), 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.