STCE vs. SATO
STCE (Schwab Crypto Thematic ETF) and SATO (Invesco Alerian Galaxy Crypto Economy ETF) are both exchange-traded funds - STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index, while SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. Both are passively managed. Over the past 3 years, STCE returned 34.25%/yr vs 21.83%/yr for SATO. Their correlation of 0.94 means they have usually moved in the same direction. STCE charges 0.30%/yr vs 0.60%/yr for SATO.
Performance
STCE vs. SATO - Performance Comparison
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Returns By Period
In the year-to-date period, STCE achieves a 4.17% return, which is significantly higher than SATO's -13.37% return.
STCE
- 1D
- -4.08%
- 1M
- -5.28%
- 6M
- -4.26%
- YTD
- 4.17%
- 1Y
- 23.64%
- 3Y*
- 34.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.51%
SATO
- 1D
- -3.22%
- 1M
- -4.42%
- 6M
- -16.14%
- YTD
- -13.37%
- 1Y
- -18.39%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $6.70M | $8.47M | $10.81M |
STCE vs. SATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 4.17% | 36.12% | 41.76% | 108.65% | -40.98% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | 2.26% | 55.25% | 266.77% | -54.05% |
Correlation
The correlation between STCE and SATO is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022 | 0.94 |
The correlation between STCE and SATO has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
STCE vs. SATO — Risk / Return Rank
STCE
SATO
STCE vs. SATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Crypto Thematic ETF (STCE) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). 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.
| STCE | SATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.97 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.42 | +0.71 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.67 | +1.15 |
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Drawdowns
STCE vs. SATO - Drawdown Comparison
The maximum STCE drawdown since its inception was -54.11%, smaller than the maximum SATO drawdown of -88.00%. Use the drawdown chart below to compare losses from any high point for STCE and SATO.
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Drawdown Indicators
| STCE | SATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -88.00% | +33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -53.49% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -54.11% | -53.49% | -0.62% |
Current DrawdownCurrent decline from peak | -41.31% | -46.92% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -22.47% | -50.68% | +28.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.87% | 33.62% | -0.75% |
Volatility
STCE vs. SATO - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) has a higher volatility of 20.83% compared to Invesco Alerian Galaxy Crypto Economy ETF (SATO) at 16.55%. This indicates that STCE's price experiences larger fluctuations and is considered to be riskier than SATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STCE | SATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.83% | 16.55% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 44.57% | 39.43% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.20% | 53.26% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.34% | 62.98% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.34% | 62.98% | -6.64% |
STCE vs. SATO - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is lower than SATO's 0.60% expense ratio.
Dividends
STCE vs. SATO - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 1.82%, less than SATO's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
STCE Schwab Crypto Thematic ETF | 1.82% | 1.96% | 0.64% | 0.31% | 1.46% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, STCE and SATO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
STCE has higher volatility (20.83%) compared to SATO (16.55%). In terms of maximum drawdown, STCE dropped -54.11% vs SATO's -88.00%.
On 3-year performance, STCE leads with 34.25% vs 21.83% for SATO. On fees, STCE is cheaper at 0.30% per year. On volatility, SATO has been the lower-risk option at 16.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STCE has performed better with a 34.25% return vs 21.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STCE is cheaper with a 0.30% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.74%, compared with 1.82% for STCE.
STCE is categorized as Blockchain, while SATO is Cryptocurrency. STCE tracks Schwab Crypto Thematic Index, while SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.30% for STCE and 0.60% for SATO.
STCE currently has the higher Sharpe Ratio (0.25 vs -0.42), 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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