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Data as of Nov 4, 2026.

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Thematic ETFs

BITQ vs SATO: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BITQ returned −27.8% to SATO's −39.7%; 29% of their weight is in the same names.

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Net assets: $353m on Nov 4, 2026 for Bitwise Crypto Industry Innovators ETF, and $6.5m on Nov 3, 2026 for Invesco Alerian Galaxy Crypto Economy ETF.

BITQ on its own →SATO on its own →
At a glance
18.7%
BITQ in the S&P 500
10.0%
SATO in the S&P 500
−27.8%
BITQ total return, 1 year
−39.7%
SATO total return, 1 year
BITQ · 1 year to Nov 4, 2026 81% of its weight is outside the S&P 500
81% of its weight is outside the S&P 50019% of BITQ's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Sep 30, 2025.19%81%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 63% of the fund · 30 holdings as filed for Sep 30, 2025 · Nasdaq-100: 11% in81% of its weight is outside the S&P 50019% of BITQ's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Sep 30, 2025.19%81%inoutside the S&P 500active share 98% · Nasdaq-100: 11% in

19% of BITQ's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Sep 30, 2025.

SATO · 1 year to Nov 4, 2026 90% of its weight is outside the S&P 500
90% of its weight is outside the S&P 50010% of SATO's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Nov 3, 2026.10%90%inof its weight outside the S&P 500active share 94% · top ten 36% of the fund · 62 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 6% in90% of its weight is outside the S&P 50010% of SATO's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Nov 3, 2026.10%90%inof its weight outside the S&P 500active share 94% · Nasdaq-100: 6% in

10% of SATO's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

SATO costs 0.19 points a year less; their one-year returns differ by 11.9 points; BITQ is far larger, $356m against $6.5m.

Points (pts) are percentage points.

BITQ vs SATO: Holdings Overlap & Returns
MeasureBITQSATO
Return
Total return, 1 year−27.8%−39.7%
Drawdown
Below its all-time high38.7%, high on Nov 9, 202149.8%, high on Oct 6, 2025
Against its benchmark
What it tracksBlockchain and crypto equitiesBlockchain and crypto equities
Against the S&P 500, 1 yearbehind by 42.6 pts
Its benchmark, total return, 1 year+14.8%+15.0%
Against its benchmark, 1 yearbehind by 42.6 ptsbehind by 54.7 pts
Cost and size
Expense ratio0.85%0.66%
Net assets, as of Nov 3, 2026$356m$6.5m
Holdings
Holdings in common29%

Method

What they share

29%

By the books each fund has filed, BITQ and SATO hold 29% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

29% in common

Positions both hold · largest shared weight first BITQ SATO
CIRCLE INTERNET GROUP INC 3.66% 2.06%
STRATEGY INC 7.52% 1.98%
ETORO GROUP LTD 2.05% 1.98%
BITMINE IMMERSION TECHNOLOGIES INC 3.93% 1.89%
COINBASE GLOBAL INC 10.00% 1.87%
GALAXY DIGITAL INC 5.10% 1.85%
RIOT PLATFORMS INC 5.21% 1.84%
HUT 8 CORP 4.82% 1.77%
CLEANSPARK INC 3.60% 1.69%
MARA HOLDINGS INC 5.18% 1.60%
BITDEER TECHNOLOGIES GROUP 2.20% 1.57%
IREN LTD 8.77% 1.51%
Only in one fund ↓
Only in BITQ
FIGURE TECHNOLOGY SOLUTIONS INC 4.40%
KEEL INFRASTRUCTURE CORP 3.37%
SOCIETE GENERALE SA 1.70%
MERCADOLIBRE INC 1.65%
MASTERCARD INC 1.64%
DBS GROUP HOLDINGS LTD 1.60%
BANK OF NEW YORK MELLON CORP (THE) 1.59%
BLACKROCK INC 1.51%
Only in SATO
POWERSHARES CAYMAN FUND 17.34%
Cypherpunk Technologies Inc 2.04%
Hyperion DeFi Inc 2.00%
Hyperliquid Strategies Inc 1.99%
Twenty One Capital Inc 1.93%
Forward Industries Inc 1.89%
American Bitcoin Corp 1.89%
CoinShares PLC 1.83%
Check overlap with more funds →

Window by window

Window by window: BITQ vs SATO: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBITQSATOBITQSATO
3 months−13.9%−7.9%−13.8 pts vs VOO−6.6 pts vs ACWI
6 months−29.7%−26.0%−34.7 pts vs VOO−28.6 pts vs ACWI
1 year−27.8%−39.7%−42.6 pts vs VOO−54.7 pts vs ACWI
3 years+171.6%+118.3%+88.3 pts vs VOO+40.7 pts vs ACWI
Since launchNot the same days: BITQ May 2021 · SATO Oct 2021−10.1%−21.7%−114.2 pts vs VOO−92.0 pts vs ACWI

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Side by side

BITQ Bitwise Crypto Industry Innovators ETF · Holds 30 stocks in blockchain and crypto equities, 19% of its weight in S&P 500 companies SATO Invesco Alerian Galaxy Crypto Economy ETF · Holds 62 stocks in blockchain and crypto equities, 10% of its weight in S&P 500 companies
Issuer Bitwise Invesco
Theme Blockchain and crypto equities Blockchain and crypto equities
In the S&P 500 18.7% 10.0%
Active share vs the S&P 500 97.8% 94.0%
In the Nasdaq-100 11.3% 6.4%
Holdings 30 62
Top ten, share of the fund 62.8% 35.6%
Expense ratio 0.85% 0.66%
Fee for the differing part 0.87% 0.70%
Total return, 1 year −27.8% −39.7%
vs its benchmark −42.6 pts vs VOO −54.7 pts vs ACWI
Below its high −38.7% −49.8%
Net assets, BITQ as of Nov 4, 2026 and SATO as of Nov 3, 2026 $353m $6.5m

As of Nov 4, 2026. Source: ETFIQ.

29% of the two portfolios are the same securities at the same weight.

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About each fund
BITQ

By weight, 19% of BITQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 63% of the fund across 30 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −27.8% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 42.6 pts. It sits 38.7% below its all-time high of Nov 9, 2021.

SATO

By weight, 10% of SATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 94%. The top ten holdings are 36% of the fund across 62 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −39.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 54.7 pts. It sits 49.8% below its all-time high of Oct 6, 2025.

Questions people ask

Do BITQ and SATO hold the same stocks?
By their latest filings, 29% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BITQ or SATO?
BITQ has 19% of its weight in S&P 500 names and SATO has 10%, so BITQ differs more from the index.
Which is cheaper, BITQ or SATO?
BITQ charges 0.85% a year and SATO charges 0.66%, so SATO is cheaper. Fees come from each fund's prospectus.
Other comparisons
BITQ vs OWNBBITQ vs IBLCBITQ vs CRPTBITQ vs BLCKSATO vs WGMISATO vs STCESATO vs BKCHSATO vs BLOK
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BITQ on its own →SATO on its own →BITQ dividend history →BITQ holdings →SATO dividend history →SATO holdings →Method →Standards and sources →
Sources and dates
BITQ filings on SEC EDGAR ↗
BITQ prospectus with the expense ratio (SEC) ↗
Bitwise website ↗
SATO filings on SEC EDGAR ↗
SATO prospectus with the expense ratio (SEC) ↗
Invesco page for SATO ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BITQ against SATO, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bitq-vs-sato

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.