CIE.NEO vs. UFO
CIE.NEO (iShares International Fundamental Common Class) and UFO (Procure Space ETF) are both Global Equities funds - CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index while UFO tracks the S-Network Space Index. Both are passively managed. Over the past 5 years, CIE.NEO returned 15.65%/yr vs 12.29%/yr for UFO. At a 0.42 correlation, their price movements are largely independent. CIE.NEO charges 0.73%/yr vs 0.75%/yr for UFO.
Performance
CIE.NEO vs. UFO - Performance Comparison
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Different Trading Currencies
CIE.NEO is traded in CAD, while UFO is traded in USD. To make them comparable, the UFO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CIE.NEO achieves a 18.38% return, which is significantly lower than UFO's 22.53% return.
CIE.NEO
- 1D
- 0.78%
- 1M
- 0.96%
- YTD
- 18.38%
- 6M
- 18.82%
- 1Y
- 39.66%
- 3Y*
- 25.56%
- 5Y*
- 15.65%
- 10Y*
- 12.85%
UFO
- 1D
- -1.80%
- 1M
- -28.20%
- YTD
- 22.53%
- 6M
- 18.54%
- 1Y
- 71.91%
- 3Y*
- 39.85%
- 5Y*
- 12.29%
- 10Y*
- —
CIE.NEO vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 18.38% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 2.64% |
UFO Procure Space ETF | 22.53% | 59.72% | 38.00% | -4.67% | -21.15% | 7.11% | -4.47% | 3.62% |
Correlation
The correlation between CIE.NEO and UFO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.42 |
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Return for Risk
CIE.NEO vs. UFO — Risk / Return Rank
CIE.NEO
UFO
CIE.NEO vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CIE.NEO | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.28 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.34 | +1.27 |
| Martin ratioReturn relative to average drawdown | 14.66 | 8.16 | +6.50 |
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Drawdowns
CIE.NEO vs. UFO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, smaller than the maximum UFO drawdown of -45.72%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and UFO.
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Drawdown Indicators
| CIE.NEO | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -45.72% | +5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -30.90% | +19.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -30.90% | +15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -45.34% | +24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -30.90% | +29.32% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -19.86% | +12.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 8.84% | -6.12% |
Volatility
CIE.NEO vs. UFO - Volatility Comparison
The current volatility for iShares International Fundamental Common Class (CIE.NEO) is 6.18%, while Procure Space ETF (UFO) has a volatility of 17.37%. This indicates that CIE.NEO 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.
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Volatility by Period
| CIE.NEO | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 17.37% | -11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 33.24% | -20.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 40.99% | -25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 31.18% | -17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 31.65% | -13.57% |
CIE.NEO vs. UFO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is lower than UFO's 0.75% expense ratio.
Dividends
CIE.NEO vs. UFO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.17%, more than UFO's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.17% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
UFO Procure Space ETF | 0.36% | 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
CIE.NEO and UFO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIE.NEO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIE.NEO is cheaper with a 0.73% expense ratio, compared with 0.75% for UFO.
CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.73% for CIE.NEO and 0.75% for UFO.
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