SATO vs SPY
Invesco Alerian Galaxy Crypto Economy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SATO or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SATO led over 3Y, SPY over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SATO | SPY |
|---|---|---|
| Expense Ratio | 0.66% | 0.09%Best |
| AUM | $8M | $804.7B |
| Dividend Yield | 6.52% | 0.98% |
| Holdings | 61 | 505 |
| YTD Return | -3.99% | +11.52%Best |
| 1Y Return | -19.74% | +17.48%Best |
| 3Y Return (annualized) | +39.21%Best | +20.62% |
| 5Y Return (annualized) | -1.66% | +12.73%Best |
| Volatility (annualized) | 67.0% | 15.6%Best |
| Max Drawdown | -88.0% | -24.5%Best |
| $10,000 over 5 years | $9,197 | $18,205Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 7, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Sep 10, 2026 (4.9 years).
SATO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
SATO vs SPY Performance
Invesco Alerian Galaxy Crypto Economy ETF (SATO) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SATO returned -19.74% while SPY returned +17.48%. Year to date, SATO is down 3.99% versus a gain of 11.52% for SPY.
Over three years, SATO compounded at +39.21% per year against +20.62% for SPY; over five years the annualized figures are -1.66% and +12.73% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SATO has been the more volatile fund, with annualized monthly volatility of 67.0% compared with 15.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.0% for SATO and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SATO charges 0.66% per year while SPY charges 0.09%. On a $10,000 position that is $66 vs $9 annually, a gap of $57 per year that compounds over a long holding period. On income, SATO currently yields 6.52% against 0.98% for SPY.
Holdings Overlap
At least 19.0% of SPY's money is in holdings SATO also owns.
Stated as a floor: for SATO, our book for it covers 84.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and SATO share little of their money.
11 positions in common, counted across the 51 positions we hold weights for in SATO and 504 in SPY, against full books of 61 and 505.
Top Shared Holdings
| Stock | Weight in SATO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.86% | 7.71% | 6.85% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.05% | 5.50% | 4.45% |
| JPMJpmorgan Chase & Co. | 0.87% | 1.44% | 0.57% |
| COINCoinbase Global, Inc. | 2.18% | 0.05% | 2.13% |
| AMDAdvanced Micro Devices Inc. | 0.78% | 1.27% | 0.49% |
| TSLATesla Inc | 0.66% | 1.38% | 0.72% |
| VVisa Inc | 0.87% | 0.92% | 0.05% |
| GSGoldman Sachs Group Inc. | 0.81% | 0.47% | 0.34% |
| PYPLPaypal Holdings Inc | 1.06% | 0.08% | 0.98% |
| SQBlock, Inc | 0.90% | 0.07% | 0.83% |
You are not choosing between two funds in isolation.
Whichever of SATO and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SATO or SPY?
SATO has an expense ratio of 0.66% while SPY charges 0.09%. SPY is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, SATO or SPY?
Over the past year SATO returned -19.74% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SATO or SPY?
SATO has been the more volatile fund at 67.0% annualized versus 15.6% for SPY. Worst drawdown: SATO -88.0% vs SPY -24.5%.
Should I hold both SATO and SPY?
SATO and SPY have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SATO and SPY?
At least 19.0% of SPY's money is in holdings SATO also owns. Our book for SATO is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 51 positions we hold weights for in SATO and 504 in SPY.
Which pays a higher dividend, SATO or SPY?
SATO yields 6.52% while SPY yields 0.98%, so SATO currently pays the higher dividend yield.
Is SPY better than SATO?
SPY has a lower expense ratio. SATO led over 3Y, SPY over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.