SATO vs. WGMI
Compare and contrast key facts about Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Valkyrie Bitcoin Miners ETF (WGMI).
SATO and WGMI 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. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SATO or WGMI.
Correlation
The correlation between SATO and WGMI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SATO vs. WGMI - Performance Comparison
Key characteristics
SATO:
0.56
WGMI:
-0.15
SATO:
1.21
WGMI:
0.38
SATO:
1.14
WGMI:
1.04
SATO:
0.58
WGMI:
-0.20
SATO:
1.79
WGMI:
-0.41
SATO:
19.72%
WGMI:
29.81%
SATO:
63.12%
WGMI:
83.86%
SATO:
-88.01%
WGMI:
-85.76%
SATO:
-41.14%
WGMI:
-53.59%
Returns By Period
In the year-to-date period, SATO achieves a -16.91% return, which is significantly higher than WGMI's -35.42% return.
SATO
-16.91%
10.29%
-2.26%
35.27%
N/A
N/A
WGMI
-35.42%
9.14%
-40.27%
-11.47%
N/A
N/A
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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.
Risk-Adjusted Performance
SATO vs. WGMI — Risk-Adjusted Performance Rank
SATO
WGMI
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.
Dividends
SATO vs. WGMI - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 19.67%, more than WGMI's 0.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 19.67% | 15.02% | 2.22% | 8.99% | 0.73% |
WGMI Valkyrie Bitcoin Miners ETF | 0.34% | 0.22% | 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.
Volatility
SATO vs. WGMI - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 22.12%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 28.34%. 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.