ARKX vs. UFO
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and Procure Space ETF (UFO).
ARKX and UFO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKX is an actively managed fund by ARK Investment Management. It was launched on Mar 30, 2021. UFO is a passively managed fund by ProcureAM that tracks the performance of the S-Network Space Index. It was launched on Apr 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or UFO.
Performance
ARKX vs. UFO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ARKX having a 16.74% return and UFO slightly higher at 17.01%.
ARKX
16.74%
7.82%
15.84%
28.68%
N/A
N/A
UFO
17.01%
11.07%
36.89%
36.18%
-1.17%
N/A
Key characteristics
| ARKX | UFO | |
|---|---|---|
| Sharpe Ratio | 1.34 | 1.34 |
| Sortino Ratio | 1.92 | 2.06 |
| Omega Ratio | 1.23 | 1.24 |
| Calmar Ratio | 0.79 | 0.69 |
| Martin Ratio | 5.34 | 3.60 |
| Ulcer Index | 5.06% | 9.57% |
| Daily Std Dev | 20.20% | 25.77% |
| Max Drawdown | -43.61% | -50.33% |
| Current Drawdown | -15.32% | -27.96% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARKX vs. UFO - Expense Ratio Comparison
Both ARKX and UFO have an expense ratio of 0.75%.
Correlation
The correlation between ARKX and UFO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ARKX vs. UFO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) 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.
Dividends
ARKX vs. UFO - Dividend Comparison
ARKX has not paid dividends to shareholders, while UFO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UFO Procure Space ETF | 1.23% | 1.90% | 3.19% | 1.00% | 1.07% | 0.44% |
Drawdowns
ARKX vs. UFO - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for ARKX and UFO. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. UFO - Volatility Comparison
The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 7.84%, while Procure Space ETF (UFO) has a volatility of 8.59%. This indicates that ARKX 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.