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SATO vs. WGMI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SATOWGMI
YTD Return65.29%65.28%
1Y Return191.62%224.84%
Sharpe Ratio2.732.41
Sortino Ratio3.132.85
Omega Ratio1.361.32
Calmar Ratio2.463.12
Martin Ratio10.018.27
Ulcer Index18.23%25.62%
Daily Std Dev66.90%88.10%
Max Drawdown-88.01%-85.76%
Current Drawdown-24.58%-1.26%

Correlation

-0.50.00.51.01.0

The correlation between SATO and WGMI is 0.95, 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. WGMI - Performance Comparison

The year-to-date returns for both stocks are quite close, with SATO having a 65.29% return and WGMI slightly lower at 65.28%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
71.72%
91.33%
SATO
WGMI

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SATO vs. WGMI - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is lower than WGMI's 0.75% expense ratio.


WGMI
Valkyrie Bitcoin Miners ETF
Expense ratio chart for WGMI: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for SATO: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

SATO vs. WGMI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Valkyrie Bitcoin Miners ETF (WGMI). 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.


SATO
Sharpe ratio
The chart of Sharpe ratio for SATO, currently valued at 2.73, compared to the broader market-2.000.002.004.006.002.73
Sortino ratio
The chart of Sortino ratio for SATO, currently valued at 3.13, compared to the broader market-2.000.002.004.006.008.0010.0012.003.13
Omega ratio
The chart of Omega ratio for SATO, currently valued at 1.36, compared to the broader market1.001.502.002.503.001.36
Calmar ratio
The chart of Calmar ratio for SATO, currently valued at 3.26, compared to the broader market0.005.0010.0015.003.26
Martin ratio
The chart of Martin ratio for SATO, currently valued at 10.01, compared to the broader market0.0020.0040.0060.0080.00100.0010.01
WGMI
Sharpe ratio
The chart of Sharpe ratio for WGMI, currently valued at 2.41, compared to the broader market-2.000.002.004.006.002.41
Sortino ratio
The chart of Sortino ratio for WGMI, currently valued at 2.85, compared to the broader market-2.000.002.004.006.008.0010.0012.002.85
Omega ratio
The chart of Omega ratio for WGMI, currently valued at 1.32, compared to the broader market1.001.502.002.503.001.32
Calmar ratio
The chart of Calmar ratio for WGMI, currently valued at 3.12, compared to the broader market0.005.0010.0015.003.12
Martin ratio
The chart of Martin ratio for WGMI, currently valued at 8.27, compared to the broader market0.0020.0040.0060.0080.00100.008.27

SATO vs. WGMI - Sharpe Ratio Comparison

The current SATO Sharpe Ratio is 2.73, which is comparable to the WGMI Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SATO and WGMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.73
2.41
SATO
WGMI

Dividends

SATO vs. WGMI - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 1.83%, more than WGMI's 0.18% yield.


TTM202320222021
SATO
Invesco Alerian Galaxy Crypto Economy ETF
1.83%2.22%8.99%0.73%
WGMI
Valkyrie Bitcoin Miners ETF
0.18%0.31%0.00%0.00%

Drawdowns

SATO vs. WGMI - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.01%, roughly equal to the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for SATO and WGMI. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.46%
-1.26%
SATO
WGMI

Volatility

SATO vs. WGMI - Volatility Comparison

The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 23.65%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 27.70%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
23.65%
27.70%
SATO
WGMI