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ACWI vs. UFO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWI vs. UFO

Last updated Jun 5, 2026

ACWI (iShares MSCI ACWI ETF) and UFO (Procure Space ETF) are both Global Equities funds - ACWI tracks the MSCI All Country World Index while UFO tracks the S-Network Space Index. Both are passively managed. Over the past 5 years, ACWI returned 11.35%/yr vs 16.24%/yr for UFO. A 0.69 correlation means they provide meaningful diversification when combined. ACWI charges 0.32%/yr vs 0.75%/yr for UFO.

Performance

ACWI vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ACWI achieves a 12.47% return, which is significantly lower than UFO's 53.53% return.

ACWI

1D
0.30%
1M
4.45%
YTD
12.47%
6M
13.07%
1Y
29.24%
3Y*
21.38%
5Y*
11.35%
10Y*
12.82%

UFO

1D
2.77%
1M
16.90%
YTD
53.53%
6M
68.11%
1Y
138.54%
3Y*
48.04%
5Y*
16.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWI vs. UFO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ACWI
iShares MSCI ACWI ETF		12.47%22.41%17.45%22.27%-18.39%18.66%16.34%10.49%
UFO
Procure Space ETF		53.53%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.34%

Correlation

The correlation between ACWI and UFO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Apr 12, 2019

0.69

The correlation between ACWI and UFO shifts across timeframes, from 0.59 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

ACWI vs. UFO - Sectors Allocation Comparison

Sectors
ACWI
UFO

Technology

29.4%
22.0%

Financial Services

16.1%

-

Industrials

10.9%
47.2%

Consumer Cyclical

9.3%

-

Communication Services

9.0%
30.8%

Healthcare

8.1%

-

Consumer Defensive

5.0%

-

Energy

4.2%

-

Basic Materials

3.7%

-

Utilities

2.6%

-

Real Estate

1.8%

-

Technology

ACWI
29.4%
UFO
22.0%

Financial Services

ACWI
16.1%
UFO

-

Industrials

ACWI
10.9%
UFO
47.2%

Consumer Cyclical

ACWI
9.3%
UFO

-

Communication Services

ACWI
9.0%
UFO
30.8%

Healthcare

ACWI
8.1%
UFO

-

Consumer Defensive

ACWI
5.0%
UFO

-

Energy

ACWI
4.2%
UFO

-

Basic Materials

ACWI
3.7%
UFO

-

Utilities

ACWI
2.6%
UFO

-

Real Estate

ACWI
1.8%
UFO

-

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iShares MSCI ACWI ETF

Procure Space ETF

Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI
Often compared with UFO:
UFO vs. ARKXUFO vs. ROKTUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. RCKTUFO vs. ITA

Return for Risk

ACWI vs. UFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWI
ACWI Risk / Return Rank: 7070
Overall Rank
ACWI Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 7171
Sortino Ratio Rank
ACWI Omega Ratio Rank: 7171
Omega Ratio Rank
ACWI Calmar Ratio Rank: 6262
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7373
Martin Ratio Rank
UFO
UFO Risk / Return Rank: 8989
Overall Rank
UFO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
UFO Sortino Ratio Rank: 8888
Sortino Ratio Rank
UFO Omega Ratio Rank: 8181
Omega Ratio Rank
UFO Calmar Ratio Rank: 9393
Calmar Ratio Rank
UFO Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWI vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Procure Space ETF (UFO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ACWIUFODifference
Sharpe ratioReturn per unit of total volatility
2.30
3.66

-1.36

Sortino ratioReturn per unit of downside risk
3.17
4.00

-0.82

Omega ratioGain probability vs. loss probability

1.42

1.48

-0.07

Calmar ratioReturn relative to maximum drawdown

3.02

6.35

-3.33

Martin ratioReturn relative to average drawdown

13.55

20.55

-6.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWI vs. UFO - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 2.30, which is lower than the UFO Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of ACWI and UFO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ACWIUFODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

3.66

-1.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.54

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.47

-0.04

Drawdowns

ACWI vs. UFO - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for ACWI and UFO.

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Drawdown Indicators

ACWIUFODifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-50.33%

-5.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-21.95%

+12.22%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-25.91%

+9.36%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-50.33%

+23.91%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

—

—

Current Drawdown

Current decline from peak

-0.53%

-12.48%

+11.95%

Average Drawdown

Average peak-to-trough decline

-8.61%

-21.81%

+13.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

6.77%

-4.61%

Volatility

ACWI vs. UFO - Volatility Comparison

The current volatility for iShares MSCI ACWI ETF (ACWI) is 3.83%, while Procure Space ETF (UFO) has a volatility of 16.68%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than UFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ACWIUFODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.83%

16.68%

-12.85%

Volatility (6M)

Calculated over the trailing 6-month period

10.30%

31.33%

-21.03%

Volatility (1Y)

Calculated over the trailing 1-year period

12.79%

38.15%

-25.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.05%

29.94%

-13.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.11%

30.76%

-13.65%

ACWI vs. UFO - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

ACWI vs. UFO - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.38%, more than UFO's 0.28% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.38%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
UFO
Procure Space ETF		0.28%0.46%1.98%1.90%3.19%1.00%1.07%0.45%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ACWI and UFO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UFO has higher volatility (16.68%) compared to ACWI (3.83%). In terms of maximum drawdown, ACWI dropped -56.00% vs UFO's -50.33%.

On 5-year performance, UFO leads with 16.24% vs 11.35% for ACWI. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, UFO has performed better with a 16.24% return vs 11.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWI is cheaper with a 0.32% expense ratio, compared with 0.75% for UFO.

ACWI has the higher dividend yield at 1.38%, compared with 0.28% for UFO.

ACWI tracks MSCI All Country World Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.32% for ACWI and 0.75% for UFO.

UFO currently has the higher Sharpe Ratio (3.66 vs 2.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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