SATO vs. UUP
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 3 years, SATO returned 20.64%/yr vs 5.86%/yr for UUP. At a correlation of -0.28, they often move in opposite directions. SATO charges 0.60%/yr vs 0.75%/yr for UUP.
Performance
SATO vs. UUP - 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 UUP's 5.44% return.
SATO
- 1D
- -3.36%
- 1M
- -10.88%
- 6M
- -23.63%
- YTD
- -11.75%
- 1Y
- -22.30%
- 3Y*
- 20.64%
- 5Y*
- —
- 10Y*
- —
UUP
- 1D
- 0.39%
- 1M
- 1.97%
- 6M
- 4.47%
- YTD
- 5.44%
- 1Y
- 8.28%
- 3Y*
- 5.86%
- 5Y*
- 5.89%
- 10Y*
- 3.17%
SATO vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -11.75% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 1.30% |
Correlation
The correlation between SATO and UUP is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | -0.28 |
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Return for Risk
SATO vs. UUP — Risk / Return Rank
SATO
UUP
SATO vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco DB US Dollar Index Bullish Fund (UUP). 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 | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.28 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.70 | 6.26 | -6.96 |
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Drawdowns
SATO vs. UUP - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for SATO and UUP.
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Drawdown Indicators
| SATO | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -22.19% | -65.81% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -3.65% | -49.84% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -10.05% | -43.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -45.92% | -1.26% | -44.66% |
Average DrawdownAverage peak-to-trough decline | -50.75% | -8.88% | -41.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.01% | 1.33% | +30.68% |
Volatility
SATO vs. UUP - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 12.67% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 1.45% | +11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 38.10% | 4.34% | +33.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.01% | 6.03% | +45.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.99% | 7.22% | +55.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.99% | 6.90% | +56.09% |
SATO vs. UUP - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
SATO vs. UUP - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.60%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.60% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.25% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
SATO and UUP have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (12.67%) compared to UUP (1.45%). In terms of maximum drawdown, SATO dropped -88.00% vs UUP's -22.19%.
On 3-year performance, SATO leads with 20.64% vs 5.86% for UUP. On fees, SATO is cheaper at 0.60% per year. On volatility, UUP has been the lower-risk option at 1.45%. 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 20.64% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SATO is cheaper with a 0.60% expense ratio, compared with 0.75% for UUP.
SATO has the higher dividend yield at 7.60%, compared with 3.25% for UUP.
SATO is categorized as Cryptocurrency, while UUP is Currency. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. Their fees differ too: 0.60% for SATO and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 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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