WGMI vs. SATO
Compare and contrast key facts about Valkyrie Bitcoin Miners ETF (WGMI) and Invesco Alerian Galaxy Crypto Economy ETF (SATO).
WGMI and SATO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGMI or SATO.
Key characteristics
| WGMI | SATO | |
|---|---|---|
| YTD Return | 65.28% | 65.29% |
| 1Y Return | 224.84% | 191.62% |
| Sharpe Ratio | 2.41 | 2.73 |
| Sortino Ratio | 2.85 | 3.13 |
| Omega Ratio | 1.32 | 1.36 |
| Calmar Ratio | 3.12 | 2.46 |
| Martin Ratio | 8.27 | 10.01 |
| Ulcer Index | 25.62% | 18.23% |
| Daily Std Dev | 88.10% | 66.90% |
| Max Drawdown | -85.76% | -88.01% |
| Current Drawdown | -1.26% | -24.58% |
Correlation
The correlation between WGMI and SATO 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
WGMI vs. SATO - Performance Comparison
The year-to-date returns for both investments are quite close, with WGMI having a 65.28% return and SATO slightly higher at 65.29%. 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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WGMI vs. SATO - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is higher than SATO's 0.60% expense ratio.
Risk-Adjusted Performance
WGMI vs. SATO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) 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
WGMI vs. SATO - Dividend Comparison
WGMI's dividend yield for the trailing twelve months is around 0.18%, less than SATO's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
WGMI Valkyrie Bitcoin Miners ETF | 0.18% | 0.31% | 0.00% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 1.83% | 2.22% | 8.99% | 0.73% |
Drawdowns
WGMI vs. SATO - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, roughly equal to the maximum SATO drawdown of -88.01%. Use the drawdown chart below to compare losses from any high point for WGMI and SATO. For additional features, visit the drawdowns tool.
Volatility
WGMI vs. SATO - Volatility Comparison
Valkyrie Bitcoin Miners ETF (WGMI) has a higher volatility of 27.70% compared to Invesco Alerian Galaxy Crypto Economy ETF (SATO) at 23.65%. This indicates that WGMI'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.