Invesco Alerian Galaxy Crypto Economy ETF (SATO) — Stock Correlations & Overview
Over the past year, SATO has moved most closely with DAPP, FDIG, BITQ. Explore the stocks most correlated and inversely correlated with SATO below, along with its price, financials, and company profile.
Stocks correlated with SATO
Correlation of daily returns. Higher positive values move with SATO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SATO
| Symbol | Company | Correlation |
|---|---|---|
| DAPP | VanEck Digital Transformation ETF | 0.95 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 0.95 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 0.95 |
| BLOK | Amplify Blockchain Technology ETF | 0.94 |
| OWNB | Bitwise Bitcoin Standard Corporations ETF | 0.94 |
Most inversely correlated with SATO
| Symbol | Company | Correlation |
|---|---|---|
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.81 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.81 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.81 |
| BITI | ProShares Short Bitcoin ETF | -0.80 |
| SETH | ProShares Short Ether ETF | -0.77 |
Frequently asked questions about SATO correlations
- Which stocks are most correlated with SATO?
- Based on one year of daily returns, the stocks most correlated with Invesco Alerian Galaxy Crypto Economy ETF (SATO) are DAPP (0.95), FDIG (0.95) and BITQ (0.95). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SATO?
- Over the past year, the stocks most inversely correlated with Invesco Alerian Galaxy Crypto Economy ETF (SATO) are BTCZ (-0.81), SBIT (-0.81) and SARK (-0.81). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SATO correlations calculated?
- We compute the correlation of daily returns between SATO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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