Data as of Nov 4, 2026.

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Thematic ETFs

BLCK vs SATO: Holdings Overlap & Returns

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BLCK and SATO hold 34% of their weight in the same names.

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Net assets: $356,612 on Nov 4, 2026 for Corgi Crypto Infrastructure ETF, and $6.5m on Nov 3, 2026 for Invesco Alerian Galaxy Crypto Economy ETF.

At a glance
31.3%
BLCK in the S&P 500
10.0%
SATO in the S&P 500
−37.1%
BLCK total return, 6 months
−39.7%
SATO total return, 1 year
BLCK · 6 months to Nov 4, 2026 69% of its weight is outside the S&P 500
69% of its weight is outside the S&P 50031% of BLCK's weight is in S&P 500 companies and 69% is outside the index. Holdings as of Nov 4, 2026.31%69%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 55% of the fund · 33 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 4% in69% of its weight is outside the S&P 50031% of BLCK's weight is in S&P 500 companies and 69% is outside the index. Holdings as of Nov 4, 2026.31%69%inoutside the S&P 500active share 100% · Nasdaq-100: 4% in

31% of BLCK's weight is in S&P 500 companies and 69% is outside the index. Holdings as of Nov 4, 2026.

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

BLCK costs 0.31 points a year less.

Points (pts) are percentage points.

BLCK vs SATO: Holdings Overlap & Returns
MeasureBLCKSATO
Return
Total return, 1 yearnot published−39.7%
Drawdown
Below its all-time high37.6%, high on May 14, 202649.8%, high on Oct 6, 2025
Against its benchmark
What it tracksBlockchain and crypto equitiesBlockchain and crypto equities
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearbehind by 54.7 pts
Cost and size
Expense ratio0.35%0.66%
Net assets, as of Nov 3, 2026$359,080$6.5m
Holdings
Holdings in common34%

Method

What they share

34%

By the books each fund has filed, BLCK and SATO hold 34% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

34% in common

Positions both hold · largest shared weight first BLCK SATO
Circle Internet Group Inc 7.09% 2.06%
Etoro Group Ltd 2.61% 1.98%
BitMine Immersion Technologies Inc 6.70% 1.89%
Coinbase Global Inc 8.84% 1.87%
Galaxy Digital Inc 2.66% 1.85%
Riot Platforms Inc 4.41% 1.84%
CoinShares PLC 1.92% 1.83%
HUT 8 CORP 3.51% 1.77%
Cleanspark Inc 2.30% 1.69%
Bullish 2.18% 1.61%
MARA Holdings Inc 2.84% 1.60%
Bitdeer Technologies Group 2.07% 1.57%
Only in one fund ↓
Only in BLCK
CME Group Inc 7.61%
Figure Technology Solutions Inc 3.92%
GPGI Inc 3.80%
Block Inc 3.05%
Cboe Global Markets Inc 2.32%
Coincheck Group NV 1.54%
BitFuFu Inc 0.97%
Cango Inc 0.67%
Only in SATO
POWERSHARES CAYMAN FUND 17.34%
OSL Group Ltd 2.19%
Metaplanet Inc 2.12%
Cypherpunk Technologies Inc 2.04%
Hyperion DeFi Inc 2.00%
Hyperliquid Strategies Inc 1.99%
Strategy Inc 1.98%
Twenty One Capital Inc 1.93%
Check overlap with more funds →

Window by window

Window by window: BLCK vs SATO: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBLCKSATOBLCKSATO
3 months−20.6%−7.9%not measured−6.6 pts vs ACWI
6 months−37.1%−26.0%not measured−28.6 pts vs ACWI
1 year–−39.7%–−54.7 pts vs ACWI
3 years–+118.3%–+40.7 pts vs ACWI
Since launchNot the same days: BLCK May 2026 · SATO Oct 2021−37.1%−21.7%not measured−92.0 pts vs ACWI

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Side by side

BLCK Corgi Crypto Infrastructure ETF · Holds 33 stocks in blockchain and crypto equities, 31% 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 Corgi Invesco
Theme Blockchain and crypto equities Blockchain and crypto equities
In the S&P 500 31.3% 10.0%
Active share vs the S&P 500 99.5% 94.0%
In the Nasdaq-100 4.3% 6.4%
Holdings 33 62
Top ten, share of the fund 55.4% 35.6%
Expense ratio 0.35% 0.66%
Fee for the differing part 0.35% 0.70%
Total return, 1 year −37.1% (since launch, May 6, 2026) −39.7%
vs its benchmark not measured −54.7 pts vs ACWI
Below its high −37.6% −49.8%
Net assets, BLCK as of Nov 4, 2026 and SATO as of Nov 3, 2026 $356,612 $6.5m

As of Nov 4, 2026. Source: ETFIQ.

34% of the two portfolios are the same securities at the same weight.

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About each fund
BLCK

By weight, 31% of BLCK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 55% of the fund across 33 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned −37.1% with distributions reinvested. It sits 37.6% below its all-time high of May 14, 2026.

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 BLCK and SATO hold the same stocks?
By their latest filings, 34% 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, BLCK or SATO?
BLCK has 31% of its weight in S&P 500 names and SATO has 10%, so BLCK differs more from the index.
Which is cheaper, BLCK or SATO?
BLCK charges 0.35% a year and SATO charges 0.66%, so BLCK is cheaper. Fees come from each fund's prospectus.
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ETFIQ, BLCK against SATO, data as of Nov 4, 2026. https://etfiq.com/compare/themes/blck-vs-sato

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