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ETFs

Invesco Alerian Galaxy Crypto Economy ETF

SATO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 07 2021
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$30,894
AUM
$3,116,656
Associated Index
Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GBTC
GRAYSCALE BITCOIN TRUST BTC
15.21%
RIOT
Riot Platforms Inc
5.56%
MARA
Marathon Digital Holdings Inc
4.80%
HUT
Hut 8 Mining Corp
4.64%
BTBT
Bit Digital Inc
4.55%
MSTR
Microstrategy Inc. - Ordinary Shares - Class A
4.49%
BITF
BITFARMS LTD/CANADA
4.43%
HIVE
HIVE BLOCKCHAIN TECHNOLOGIES
4.41%
BKKT
Bakkt Holdings Inc - Ordinary Shares - Class A
4.28%
CLSK
Cleanspark Inc
4.22%
Invest with SATO

What is SATO?

The Invesco Galaxy Crypto Economy ETF (Fund) is based on the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index (Index). The Fund will generally invest 80% of its total net assets in securities that comprise the Index. The Index is comprised of stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products ( ETPs ) and private investment trusts traded over-the-counter that are linked to cryptocurrencies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced monthly.

ETFs related toSATO

ETFs correlated to SATO include BLOK, ARKW, CONL

SATO
Invesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Crypto Economy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSATO

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SATO using Composer

FAQ

SATO is a Global Equities ETF. The Invesco Galaxy Crypto Economy ETF (Fund) is based on the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index (Index). The Fund will generally invest 80% of its total net assets in securities that comprise the Index. The Index is comprised of stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products ( ETPs ) and private investment trusts traded over-the-counter that are linked to cryptocurrencies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced monthly.

SATO tracks the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index.

No, SATO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SATO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SATO is 0.1885%. This is the percent change in the value of SATO over the most recent 1-month period. The 3-month return on SATO is 0.6961%. This is the percent change in the value of SATO over the most recent 3-month period.

The standard deviation of SATO for the past year is 0.7382%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SATO include IGF, PBW, and EFG.

ETFs correlated to SATO include BLOK, ARKW, and CONL.

ETFs that are inversely correlated to SATO include SARK, BITI, and HDGE.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.