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ETFs

Invesco Alerian Galaxy Crypto Economy ETF

SATO
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 07 2021
Expense Ratio
0.61%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$29,620
AUM
$4,169,271
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
15.76%
BTDR
Bitdeer Technologies Holding Co - Ordinary Shares - Class A
4.87%
APLD
Applied Digital Corporation
4.75%
CAN
Canaan Inc - ADR
4.44%
BTBT
Bit Digital Inc
4.43%
GLXY
Galaxy Digital Holdings Ltd.
4.41%
MSTR
Microstrategy Inc. - Ordinary Shares - Class A
4.30%
HIVE
HIVE Digital Technologies Ltd.
4.14%
CLSK
Cleanspark Inc
4.10%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
4.08%
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 BKCH, WGMI, FDIG

SATO
Invesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Crypto Economy ETF
BKCH
Global X Funds - Global X Blockchain ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet 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.

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 -0.0735%. This is the percent change in the value of SATO over the most recent 1-month period. The 3-month return on SATO is -0.067%. 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 0.654%. 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 PBW, IGF, and ARKK.

ETFs correlated to SATO include BKCH, WGMI, and FDIG.

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

Disclaimers

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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.