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.
Key characteristics
| ARKX | UFO | |
|---|---|---|
| YTD Return | -4.80% | -18.01% |
| 1Y Return | 9.31% | -16.31% |
| 3Y Return (Ann) | -10.71% | -18.33% |
| Sharpe Ratio | 0.47 | -0.73 |
| Daily Std Dev | 19.95% | 22.46% |
| Max Drawdown | -43.61% | -50.33% |
| Current Drawdown | -30.95% | -49.52% |
Correlation
The correlation between ARKX and UFO is 0.83, 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.
Performance
ARKX vs. UFO - Performance Comparison
In the year-to-date period, ARKX achieves a -4.80% return, which is significantly higher than UFO's -18.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKX vs. UFO - Expense Ratio Comparison
Both ARKX and UFO have an expense ratio of 0.75%.
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 1.89%.
| 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 | 1.89% | 1.90% | 3.19% | 1.00% | 1.07% | 0.41% |
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
ARK Space Exploration & Innovation ETF (ARKX) and Procure Space ETF (UFO) have volatilities of 6.00% and 5.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.