SATO vs. STCE
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Schwab Crypto Thematic ETF (STCE).
SATO and STCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SATO is a passively managed fund by Invesco that tracks the performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. It was launched on Oct 7, 2021. STCE is a passively managed fund by Schwab Funds that tracks the performance of the Schwab Crypto Thematic Index. It was launched on Aug 4, 2022. Both SATO and STCE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or STCE.
Key characteristics
| SATO | STCE | |
|---|---|---|
| YTD Return | 65.29% | 67.94% |
| 1Y Return | 191.62% | 153.43% |
| Sharpe Ratio | 2.73 | 2.66 |
| Sortino Ratio | 3.13 | 3.28 |
| Omega Ratio | 1.36 | 1.37 |
| Calmar Ratio | 2.46 | 4.93 |
| Martin Ratio | 10.01 | 10.52 |
| Ulcer Index | 18.23% | 14.27% |
| Daily Std Dev | 66.90% | 56.41% |
| Max Drawdown | -88.01% | -47.19% |
| Current Drawdown | -24.58% | 0.00% |
Correlation
The correlation between SATO and STCE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SATO vs. STCE - Performance Comparison
The year-to-date returns for both investments are quite close, with SATO having a 65.29% return and STCE slightly higher at 67.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SATO vs. STCE - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than STCE's 0.30% expense ratio.
Risk-Adjusted Performance
SATO vs. STCE - Risk-Adjusted Performance 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.
Dividends
SATO vs. STCE - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 1.83%, more than STCE's 0.21% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.83% | 2.22% | 8.99% | 0.73% |
STCE Schwab Crypto Thematic ETF | 0.21% | 0.31% | 1.46% | 0.00% |
Drawdowns
SATO vs. STCE - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.01%, which is greater than STCE's maximum drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for SATO and STCE. For additional features, visit the drawdowns tool.
Volatility
SATO vs. STCE - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Schwab Crypto Thematic ETF (STCE) have volatilities of 23.65% and 23.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.