SATO vs. STCE
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 20.64%/yr vs 34.63%/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
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Returns By Period
In the year-to-date period, SATO achieves a -11.75% return, which is significantly lower than STCE's 6.95% return.
SATO
- 1D
- -3.36%
- 1M
- -10.88%
- 6M
- -23.63%
- YTD
- -11.75%
- 1Y
- -22.30%
- 3Y*
- 20.64%
- 5Y*
- —
- 10Y*
- —
STCE
- 1D
- -3.58%
- 1M
- -15.48%
- 6M
- -9.27%
- YTD
- 6.95%
- 1Y
- 18.60%
- 3Y*
- 34.63%
- 5Y*
- —
- 10Y*
- —
SATO vs. STCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -11.75% | 2.26% | 55.25% | 266.77% | -54.05% |
STCE Schwab Crypto Thematic ETF | 6.95% | 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.
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Return for Risk
SATO vs. STCE — Risk / Return Rank
SATO
STCE
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 ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.10 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.35 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.70 | 0.59 | -1.29 |
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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.
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Drawdown Indicators
| SATO | STCE | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -45.92% | -39.74% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -50.75% | -22.23% | -28.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.01% | 31.61% | +0.40% |
Volatility
SATO vs. STCE - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 12.67%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 14.73%. 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.
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Volatility by Period
| SATO | STCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 14.73% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 38.10% | 42.25% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.01% | 62.12% | -10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.99% | 55.96% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.99% | 55.96% | +7.03% |
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 7.60%, more than STCE's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.60% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
STCE Schwab Crypto Thematic ETF | 1.77% | 1.96% | 0.64% | 0.31% | 1.46% | 0.00% |
Frequently Asked Questions
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.
STCE has higher volatility (14.73%) compared to SATO (12.67%). In terms of maximum drawdown, SATO dropped -88.00% vs STCE's -54.11%.
On 3-year performance, STCE leads with 34.63% vs 20.64% for SATO. On fees, STCE is cheaper at 0.30% per year. On volatility, SATO has been the lower-risk option at 12.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STCE has performed better with a 34.63% return vs 20.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STCE is cheaper with a 0.30% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.60%, compared with 1.77% for 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.
STCE currently has the higher Sharpe Ratio (0.30 vs -0.43), 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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