STCE vs. SATO
Compare and contrast key facts about Schwab Crypto Thematic ETF (STCE) and Invesco Alerian Galaxy Crypto Economy ETF (SATO).
STCE and SATO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STCE is a passively managed fund by Schwab Funds that tracks the performance of the Schwab Crypto Thematic Index. It was launched on Aug 4, 2022. 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. Both STCE and SATO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: STCE or SATO.
Key characteristics
| STCE | SATO | |
|---|---|---|
| YTD Return | 55.80% | 53.77% |
| 1Y Return | 133.79% | 168.93% |
| Sharpe Ratio | 2.37 | 2.55 |
| Sortino Ratio | 3.03 | 3.00 |
| Omega Ratio | 1.34 | 1.35 |
| Calmar Ratio | 4.44 | 2.32 |
| Martin Ratio | 9.47 | 9.39 |
| Ulcer Index | 14.27% | 18.24% |
| Daily Std Dev | 56.90% | 67.22% |
| Max Drawdown | -47.19% | -88.01% |
| Current Drawdown | -7.22% | -29.84% |
Correlation
The correlation between STCE and SATO is 0.94, 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
STCE vs. SATO - Performance Comparison
The year-to-date returns for both stocks are quite close, with STCE having a 55.80% return and SATO slightly lower at 53.77%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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STCE vs. SATO - Expense Ratio Comparison
STCE has a 0.30% expense ratio, which is lower than SATO's 0.60% expense ratio.
Risk-Adjusted Performance
STCE vs. SATO - Risk-Adjusted Performance 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.
Dividends
STCE vs. SATO - Dividend Comparison
STCE's dividend yield for the trailing twelve months is around 0.22%, less than SATO's 1.97% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
STCE Schwab Crypto Thematic ETF | 0.22% | 0.31% | 1.46% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.97% | 2.22% | 8.99% | 0.73% |
Drawdowns
STCE vs. SATO - Drawdown Comparison
The maximum STCE drawdown since its inception was -47.19%, smaller than the maximum SATO drawdown of -88.01%. Use the drawdown chart below to compare losses from any high point for STCE and SATO. For additional features, visit the drawdowns tool.
Volatility
STCE vs. SATO - Volatility Comparison
Schwab Crypto Thematic ETF (STCE) and Invesco Alerian Galaxy Crypto Economy ETF (SATO) have volatilities of 25.36% and 25.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.