ETF Evaluator:
Invesco Alerian Galaxy Crypto Eco ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Digital Assets Over the Last Year
| 103.7% | CoinShares Bitcoin Mining ETF (WGMI) |
| 92.3% | State Street® Galaxy Dgtl Ast Ecosys ETF (DECO) |
| 85.8% | State Street® Galaxy HdgDgtlAstEcosysETF (HECO) |
| 29.1% | Grayscale Bitcoin Miners ETF (MNRS) |
| 20.3% | VanEck Onchain Economy ETF (NODE) |
Risk
Index
Risk
Index
ETF Details
Invesco Alerian Galaxy Crypto Eco ETF Overview
Invesco Alerian Galaxy Crypto Eco ETF (SATO) is a passively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). Invesco launched the ETF in 2021.
The investment seeks to track the investment results of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index.
The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index, which is comprised of two different components: (i) stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies; and (ii) ETPs and private investment trusts traded over-the-counter that invest at least 75% of their assets in Bitcoin. The fund is non-diversified.
About Invesco Alerian Galaxy Crypto Eco ETF (SATO)
There are 4 members of the management team with an average tenure of 4.22 years: Peter Hubbard (2021), Theodore Samulowitz (2021), David Hemming (2021) and Dave Sahota (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Alerian GlxGblCryp BLcEq Trst&ETP NR USD index with a weighting of 100%. Invesco Alerian Galaxy Crypto Eco ETF has 59 securities in its portfolio. The top 10 holdings constitute 39.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Alerian Galaxy Crypto Eco ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco Alerian Galaxy Crypto Eco ETF has 12.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.8% There is 12.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Alerian Galaxy Crypto Eco ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $181 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SATO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Alerian Galaxy Crypto Eco ETF expense ratio is above average compared to funds in the Equity Digital Assets category. Invesco Alerian Galaxy Crypto Eco ETF has an expense ratio of 0.66%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Alerian Galaxy Crypto Eco ETF has a portfolio turnover rate of 164%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 91% for the Equity Digital Assets category.
Recently, in the month of July 2026, Invesco Alerian Galaxy Crypto Eco ETF returned -6.0%, which earned it a grade of C, as the Equity Digital Assets category had an average return of -8.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Alerian Galaxy Crypto Eco ETF has a trailing yield of 7.74%, which is above the 5.75% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Alerian Galaxy Crypto Eco ETF Grades
Year to date, the ETF has returned -13.8%, 23.1 percentage points worse than the category, which translates into a grade of F. The fund has returned -22.8% over the past year (grade of F) and 21.3% over the past three years (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Invesco Alerian Galaxy Crypto Eco ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
SATO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SATO Return (NAV) | -6.0% | -12.5% | -22.8% | 21.3% | na | na |
| SATO Return (Price) | -5.6% | -11.5% | -22.6% | 21.0% | na | na |
| NAV +/- Price Return | -0.381% | -0.977% | -0.243% | 0.306% | na | na |
| Equity Digital Assets Avg | -8.3% | -2.1% | 14.8% | 28.7% | 0.9% | na |
| SATO Grade (NAV) | C | F | F | F | na | na |
| +/- Category (NAV) | 2.3% | -10.3% | -37.6% | -7.3% | na | na |
| SATO Tax-Cost Ratio | na | na | 2.3% | 3.3% | na | na |
SATO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SATO Return (NAV) | -13.8% | 2.9% | 55.3% | 264.1% | -80.1% | na | na | na | na | na | na |
| SATO Return (Price) | -13.4% | 2.1% | 55.8% | 266.4% | -80.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.030% | -0.277% | 0.010% | 0.009% | 0.002% | na | na | na | na | na | na |
| Equity Digital Assets Avg | 9.3% | 25.2% | 41.5% | 213.3% | -78.9% | 31.6% | 88.2% | 29.2% | na | na | na |
| SATO Grade (NAV) | F | F | B | B | B | na | na | na | na | na | na |
| +/- Category | -23.1% | -22.3% | 13.8% | 50.8% | -1.1% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 3.16 |
| R-Squared: | 44% |
| Standard Deviation: | 60.5% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 4.93 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 7.7% |
| Total Assets: | $ 7 Mil |
| Share Class Assets: | $ 7 Mil |
| Turnover: | 164.0% |
| Expense Ratio: | 0.66% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Hubbard Peter (2021), Samulowitz Theodore (2021), Hemming David (2021), Sahota Dave (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 39.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 12.3% |
Portfolio Allocation |
|
| Domestic Stock: | 71.8% |
| Foreign Stock: | 12.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 15.9% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | October 7, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.66% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.67% |
