AGQI vs. UFO

Last updated Jun 5, 2026

AGQI (First Trust Active Global Quality Income ETF) and UFO (Procure Space ETF) are both Global Equities funds. AGQI is actively managed, while UFO is passively managed. Over the past year, AGQI returned 24.01% vs 138.54% for UFO. A 0.50 correlation means they provide meaningful diversification when combined. AGQI charges 0.85%/yr vs 0.75%/yr for UFO.

Performance

AGQI vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Global Quality Income ETF (AGQI) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGQI achieves a 11.27% return, which is significantly lower than UFO's 53.53% return.

AGQI

• 1D: 0.09%
• 1M: 2.06%
• YTD: 11.27%
• 6M: 12.49%
• 1Y: 24.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

AGQI vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQI First Trust Active Global Quality Income ETF	11.27%	26.67%	2.98%	5.25%
UFO Procure Space ETF	53.53%	67.36%	27.22%	16.39%

Correlation

The correlation between AGQI and UFO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Nov 22, 2023	0.50

The correlation between AGQI and UFO has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.

AGQI vs. UFO - Sectors Allocation Comparison

Sectors	AGQI	UFO
Technology	17.4%	22.0%
Financial Services	14.7%	-
Consumer Defensive	14.6%	-
Industrials	11.4%	47.2%
Energy	10.4%	-
Healthcare	9.6%	-
Communication Services	6.6%	30.8%
Utilities	6.2%	-
Consumer Cyclical	5.5%	-
Basic Materials	3.6%	-
Real Estate	-	-

Return for Risk

AGQI vs. UFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGQI

AGQI Risk / Return Rank: 59
AGQI Sharpe Ratio Rank: 63
AGQI Sortino Ratio Rank: 61
AGQI Omega Ratio Rank: 62
AGQI Calmar Ratio Rank: 54
AGQI Martin Ratio Rank: 55

UFO

UFO Risk / Return Rank: 89
UFO Sharpe Ratio Rank: 94
UFO Sortino Ratio Rank: 88
UFO Omega Ratio Rank: 81
UFO Calmar Ratio Rank: 93
UFO Martin Ratio Rank: 90

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.

AGQI vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Global Quality Income ETF (AGQI) 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.

	AGQI	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.66	-1.59
Sortino ratio: Return per unit of downside risk	2.80	4.00	-1.20
Omega ratio: Gain probability vs. loss probability	1.37	1.48	-0.11
Calmar ratio: Return relative to maximum drawdown	2.64	6.35	-3.71
Martin ratio: Return relative to average drawdown	9.43	20.55	-11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGQI vs. UFO - Sharpe Ratio Comparison

The current AGQI Sharpe Ratio is 2.07, which is lower than the UFO Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of AGQI 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.

Sharpe Ratios by Period

	AGQI	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.66	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	0.47	+0.99

Drawdowns

AGQI vs. UFO - Drawdown Comparison

The maximum AGQI drawdown since its inception was -14.07%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for AGQI and UFO.

Drawdown Indicators

	AGQI	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-50.33%	+36.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-21.95%	+12.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.33%	—
Current Drawdown Current decline from peak	-0.22%	-12.48%	+12.26%
Average Drawdown Average peak-to-trough decline	-2.17%	-21.81%	+19.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	6.77%	-4.22%

Volatility

AGQI vs. UFO - Volatility Comparison

The current volatility for First Trust Active Global Quality Income ETF (AGQI) is 3.66%, while Procure Space ETF (UFO) has a volatility of 16.68%. This indicates that AGQI 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.

Volatility by Period

	AGQI	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	16.68%	-13.02%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	31.33%	-21.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	38.15%	-26.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.56%	29.94%	-17.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	30.76%	-18.20%

AGQI vs. UFO - Expense Ratio Comparison

AGQI has a 0.85% expense ratio, which is higher than UFO's 0.75% expense ratio.

Dividends

AGQI vs. UFO - Dividend Comparison

AGQI's dividend yield for the trailing twelve months is around 2.03%, more than UFO's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AGQI First Trust Active Global Quality Income ETF	2.03%	2.54%	2.14%	0.14%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.28%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both AGQI and UFO in my portfolio?

AGQI and UFO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQI or UFO?

UFO has higher volatility (16.68%) compared to AGQI (3.66%). In terms of maximum drawdown, AGQI dropped -14.07% vs UFO's -50.33%.

Which ETF is better, AGQI or UFO?

On 1-year performance, UFO leads with 138.54% vs 24.01% for AGQI. On fees, UFO is cheaper at 0.75% per year. On volatility, AGQI has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQI or UFO?

Over the 1-year period, UFO has performed better with a 138.54% return vs 24.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQI or UFO?

UFO is cheaper with a 0.75% expense ratio, compared with 0.85% for AGQI.

Which ETF pays a higher dividend yield, AGQI or UFO?

AGQI has the higher dividend yield at 2.03%, compared with 0.28% for UFO.

What is the main difference between AGQI and UFO?

They also come from different issuers: First Trust and ProcureAM. Their fees differ too: 0.85% for AGQI and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.66 vs 2.07), 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.