Data as of .
BLCK vs SATO: which is really different?
BLCK and SATO hold 43% of their weight in the same names.
ETFIQ Off-Index Score: BLCK scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
43% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, BLCK and SATO hold 43% of their money in the same securities at the same weight.
| Holding | BLCK | SATO |
|---|---|---|
| Bitdeer Technologies Group | 2.86% | 2.85% |
| MARA Holdings Inc | 3.80% | 2.76% |
| BitMine Immersion Technologies Inc | 5.58% | 2.73% |
| Hive Digital Technologies Ltd | 2.84% | 2.54% |
| Bullish | 2.51% | 2.68% |
| Coinbase Global Inc | 7.88% | 2.42% |
| Cleanspark Inc | 3.41% | 2.41% |
| Riot Platforms Inc | 4.74% | 2.38% |
| Circle Internet Group Inc | 5.94% | 2.34% |
| Gemini Space Station Inc | 2.32% | 2.60% |
| HUT 8 CORP | 4.93% | 2.29% |
| Galaxy Digital Inc | 3.27% | 2.27% |
| Only in BLCK | Only in SATO |
|---|---|
| CME Group Inc 4.74% | POWERSHARES CAYMAN FUND 15.23% |
| Figure Technology Solutions Inc 4.21% | Strive Inc 4.60% |
| GPGI Inc 2.48% | Nakamoto Inc 3.49% |
| CoinShares PLC 1.98% | Canaan Inc 3.35% |
| Coincheck Group NV 1.63% | Strategy Inc 3.05% |
| First American Government Obligations Fund 12/01/2031 1.49% | BTCS Inc 2.87% |
| Cboe Global Markets Inc 1.28% | SHARPLINK INC 2.84% |
| Cango Inc/KY 1.01% | American Bitcoin Corp 2.65% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BLCK | SATO | BLCK | SATO | BLCK | SATO | |
| 3 months | −6.1% | +8.0% | −8.3 pts | +5.8 pts | −3.6 pts | +10.5 pts |
| 6 months | not published | +30.4% | not published | +12.4 pts | not published | +6.2 pts |
| 1 year | not published | −15.6% | not published | −32.1 pts | not published | −37.3 pts |
| 3 years | not published | +209.3% | not published | +130.9 pts | not published | +111.1 pts |
| Since launch | −9.7% | +6.5% | −14.0 pts | −79.2 pts | −13.5 pts | −98.1 pts |
| BLCK Corgi Crypto Infrastructure ETF Holds 34 stocks in blockchain and crypto equities, 23% of its weight in S&P 500 companies | SATO Invesco Alerian Galaxy Crypto Economy ETF Holds 60 stocks in blockchain and crypto equities, 9% 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 | 23.3% | 8.6% |
| Active share vs the S&P 500 | 99.5% | 95.5% |
| In the Nasdaq-100 | 2.6% | 6.2% |
| Holdings | 34 | 60 |
| Top ten, share of the fund | 51.4% | 43.8% |
| Expense ratio | 0.35% | 0.66% |
| Fee for the differing part | 0.35% | 0.69% |
| Total return, 1 year | −9.7% (since launch on May 6, 2026) | −15.6% |
| vs the S&P 500 | −14.0 pts | −32.1 pts |
| vs the Nasdaq-100 | −13.5 pts | −37.3 pts |
| Below its high | −10.4% | −31.7% |
| Net assets | $512,649 | $9m |
BLCK in plain words
By weight, 23% 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 51% of the fund across 34 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −9.7% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 14.0 pts. It sits 10.4% below its all-time high of May 14, 2026.
SATO in plain words
By weight, 9% of SATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 44% of the fund across 60 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −15.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 32.1 pts. It sits 31.7% below its all-time high of Oct 6, 2025.
Questions people ask
- Do BLCK and SATO hold the same stocks?
- By their latest filings, 43% of their books are the same securities at the same weight, which is a meaningful overlap. 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 23% of its weight in S&P 500 names and SATO has 9%, 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.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BLCK against SATO, data as of Sep 18, 2026. https://etfiq.com/compare/themes/blck-vs-sato Free to use with attribution; the underlying files are at Open data.