SATO vs. WNTR

Last updated Jul 17, 2026

SATO (Invesco Alerian Galaxy Crypto Economy ETF) and WNTR (YieldMax Short MSTR Option Income Strategy 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 WNTR is a Derivative Income fund actively managed by YieldMax. SATO is passively managed, while WNTR is actively managed. Over the past year, SATO returned -26.56% vs 127.90% for WNTR. At a correlation of -0.70, they often move in opposite directions. SATO charges 0.60%/yr vs 1.01%/yr for WNTR.

Performance

SATO vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Crypto Economy ETF (SATO) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SATO achieves a -12.24% return, which is significantly lower than WNTR's 9.49% return.

SATO

• 1D: -4.30%
• 1M: -15.29%
• 6M: -24.52%
• YTD: -12.24%
• 1Y: -26.56%
• 3Y*: 21.01%
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 2.96%
• 1M: 17.94%
• 6M: 21.62%
• YTD: 9.49%
• 1Y: 127.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SATO vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
SATO Invesco Alerian Galaxy Crypto Economy ETF	-12.24%	26.67%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between SATO and WNTR is -0.72, 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	-0.72
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.70

The correlation between SATO and WNTR has been stable across timeframes, ranging from -0.72 to -0.70 - a consistent structural relationship.

Return for Risk

SATO vs. WNTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SATO

SATO Risk / Return Rank: 5
SATO Sharpe Ratio Rank: 5
SATO Sortino Ratio Rank: 6
SATO Omega Ratio Rank: 6
SATO Calmar Ratio Rank: 5
SATO Martin Ratio Rank: 5

WNTR

WNTR Risk / Return Rank: 73
WNTR Sharpe Ratio Rank: 90
WNTR Sortino Ratio Rank: 71
WNTR Omega Ratio Rank: 75
WNTR Calmar Ratio Rank: 74
WNTR Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SATO vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.39	-2.91
Sortino ratio: Return per unit of downside risk	-0.47	2.56	-3.03
Omega ratio: Gain probability vs. loss probability	0.95	1.35	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.50	3.02	-3.51
Martin ratio: Return relative to average drawdown	-0.82	7.72	-8.54

SATO vs. WNTR - Sharpe Ratio Comparison

The current SATO Sharpe Ratio is -0.51, which is lower than the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SATO and WNTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SATO vs. WNTR - Drawdown Comparison

The maximum SATO drawdown since its inception was -88.00%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for SATO and WNTR.

Drawdown Indicators

	SATO	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-88.00%	-42.65%	-45.35%
Max Drawdown (1Y) Largest decline over 1 year	-53.49%	-42.65%	-10.84%
Max Drawdown (3Y) Largest decline over 3 years	-53.49%	—	—
Current Drawdown Current decline from peak	-46.22%	-10.67%	-35.55%
Average Drawdown Average peak-to-trough decline	-50.73%	-20.46%	-30.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.38%	16.63%	+15.75%

Volatility

SATO vs. WNTR - Volatility Comparison

The current volatility for Invesco Alerian Galaxy Crypto Economy ETF (SATO) is 11.55%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that SATO experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SATO	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	17.89%	-6.34%
Volatility (6M) Calculated over the trailing 6-month period	38.22%	47.05%	-8.83%
Volatility (1Y) Calculated over the trailing 1-year period	52.13%	53.81%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.96%	53.49%	+9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.96%	53.49%	+9.47%

SATO vs. WNTR - Expense Ratio Comparison

SATO has a 0.60% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

SATO vs. WNTR - Dividend Comparison

SATO's dividend yield for the trailing twelve months is around 7.64%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023	2022	2021
SATO Invesco Alerian Galaxy Crypto Economy ETF	7.64%	9.50%	15.03%	2.21%	8.97%	0.73%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SATO and WNTR in my portfolio?

SATO and WNTR have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SATO or WNTR?

WNTR has higher volatility (17.89%) compared to SATO (11.55%). In terms of maximum drawdown, SATO dropped -88.00% vs WNTR's -42.65%.

Which ETF is better, SATO or WNTR?

On 1-year performance, WNTR leads with 127.90% vs -26.56% for SATO. On fees, SATO is cheaper at 0.60% per year. On volatility, SATO has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SATO or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs -26.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SATO or WNTR?

SATO is cheaper with a 0.60% expense ratio, compared with 1.01% for WNTR.

Which ETF pays a higher dividend yield, SATO or WNTR?

WNTR has the higher dividend yield at 106.86%, compared with 7.64% for SATO.

What is the main difference between SATO and WNTR?

SATO is categorized as Cryptocurrency, while WNTR is Derivative Income. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.60% for SATO and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.39 vs -0.51), 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.