SATO
Invesco Alerian Galaxy Crypto Economy ETF
SATO tracks an index that holds cryptocurrency-focused equities, and crypto ETPs and trusts. The index is weighted in tier.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
9.3 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 07, 2021 |
| Assets (mns) | $9 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ISHARES BITCOIN TRUST ETF | 8.0 % |
| EXODUS MOVEMENT INC | 4.6 % |
| THE9 LTD ADR | 2.9 % |
| NEPTUNE DIGITAL ASSETS CORP | 2.9 % |
| SOL STRATEGIES INC | 2.9 % |
| FIDELITY WISE ORIGIN BITCOIN FUND | 2.7 % |
| SEMLER SCIENTIFIC, INC. | 2.6 % |
| MICROSTRATEGY INC-CL A | 2.5 % |
| HUT 8 CORP | 2.4 % |
| BC TECHNOLOGY GROUP LIMITED | 2.4 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 252 |
| Wgt avg mkt cap (mns) | $108,864 |
| Large cap (>$10bn) | 34.8% |
| Mid cap ($2-10bn) | 8.4% |
| Small cap (<$2bn) | 56.8% |
| Developed mkts. | 87.2% |
| Emerging mkts. | 12.8% |
Country Exposure
 |
UNITED STATES | 40.4 % |
 |
CHINA | 8.3 % |
 |
GERMANY | 4.0 % |
 |
AUSTRALIA | 2.1 % |
 |
CANADA | 1.8 % |
 |
SOUTH KOREA | 1.0 % |
 |
NORWAY | 1.0 % |
 |
TAIWAN | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -13.9% | 21.8% | 70.8% | 1.0% | -- | -- | -9.7% | Volatility | 57.0% | 63.6% | 64.8% | 67.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.14 | 49% |
| MSCI EAFE | 2.24 | 25% |
| MSCI Emg Mkts | 1.87 | 18% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $87,725 |
Technical Indicators
| Recent close | $14.61 |
| 30d moving avg. | $16.25 |
| Annualized volatility | 76.8% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SATO |
Expenses vs. SATO |
ALTAR Score™ vs. SATO |
|---|---|---|---|---|
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 40.3% | 0 bp | +2.4% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 33.6% | +24 bp | -1.7% |
| BKCH | Global X Blockchain ETF | 32.3% | -11 bp | -3.3% |
| DAPP | VanEck Digital Transformation ETF | 31.1% | -11 bp | -4.3% |
| IBLC | iShares Blockchain and Tech ETF | 29.5% | -14 bp | -3.0% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 27.2% | +7 bp | +3.8% |
| BLOK | Amplify Transformational Data Sharing ETF | 25.1% | +14 bp | +1.4% |
| WGMI | Valkyrie Bitcoin Miners ETF | 23.8% | +14 bp | -9.4% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 23.7% | -22 bp | +0.6% |
| BWEB | Bitwise Web3 ETF | 23.6% | +24 bp | +1.2% |
Risk and Returns: SATO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SATO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
SATO
-1.1%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
4.0%. SATO's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places SATO in the 8th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SATOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| SATO (61 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SATO | 61.0 | 35.9 | 96.9 |
| Peer Avg. | 55.1 | 32.5 | 87.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .