CTEC vs. UFO

Last updated Jun 13, 2026

CTEC (Global X CleanTech ETF) and UFO (Procure Space ETF) are both exchange-traded funds - CTEC is a Alternative Energy Equities fund tracking the Indxx Global CleanTech Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, CTEC returned -6.60%/yr vs 13.50%/yr for UFO. A 0.59 correlation means they provide meaningful diversification when combined. CTEC charges 0.50%/yr vs 0.75%/yr for UFO.

Performance

CTEC vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X CleanTech ETF (CTEC) 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, CTEC achieves a 25.04% return, which is significantly lower than UFO's 36.92% return.

CTEC

• 1D: 0.23%
• 1M: -8.45%
• YTD: 25.04%
• 6M: 20.35%
• 1Y: 89.69%
• 3Y*: -3.29%
• 5Y*: -6.60%
• 10Y*: —

UFO

• 1D: -6.99%
• 1M: -6.10%
• YTD: 36.92%
• 6M: 37.68%
• 1Y: 104.39%
• 3Y*: 41.51%
• 5Y*: 13.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTEC vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	25.04%	57.85%	-36.35%	-25.60%	-16.82%	-22.19%	44.74%
UFO Procure Space ETF	36.92%	67.36%	27.22%	-2.34%	-25.85%	7.17%	23.87%

Correlation

The correlation between CTEC and UFO is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.59

The correlation between CTEC and UFO has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

CTEC vs. UFO - Sectors Allocation Comparison

Sectors	CTEC	UFO
Industrials	46.3%	47.2%
Energy	24.8%	-
Technology	13.8%	22.0%
Consumer Cyclical	3.4%	-
Basic Materials	3.2%	-
Utilities	1.7%	-
Communication Services	-	30.8%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

CTEC vs. UFO — Risk / Return Rank

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

CTEC

CTEC Risk / Return Rank: 80
CTEC Sharpe Ratio Rank: 86
CTEC Sortino Ratio Rank: 75
CTEC Omega Ratio Rank: 73
CTEC Calmar Ratio Rank: 89
CTEC Martin Ratio Rank: 76

UFO

UFO Risk / Return Rank: 83
UFO Sharpe Ratio Rank: 89
UFO Sortino Ratio Rank: 80
UFO Omega Ratio Rank: 73
UFO Calmar Ratio Rank: 89
UFO Martin Ratio Rank: 82

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.

CTEC vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.

	CTEC	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.58	-0.14
Sortino ratio: Return per unit of downside risk	2.91	3.06	-0.15
Omega ratio: Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	4.65	4.58	+0.08
Martin ratio: Return relative to average drawdown	12.56	14.05	-1.48

CTEC vs. UFO - Sharpe Ratio Comparison

The current CTEC Sharpe Ratio is 2.44, which is comparable to the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of CTEC 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.

Drawdowns

CTEC vs. UFO - Drawdown Comparison

The maximum CTEC drawdown since its inception was -81.58%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for CTEC and UFO.

Drawdown Indicators

	CTEC	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-81.58%	-50.33%	-31.25%
Max Drawdown (1Y) Largest decline over 1 year	-19.39%	-22.94%	+3.55%
Max Drawdown (3Y) Largest decline over 3 years	-65.77%	-25.91%	-39.86%
Max Drawdown (5Y) Largest decline over 5 years	-76.46%	-50.33%	-26.13%
Current Drawdown Current decline from peak	-52.57%	-21.95%	-30.62%
Average Drawdown Average peak-to-trough decline	-52.35%	-21.80%	-30.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.16%	7.46%	-0.30%

Volatility

CTEC vs. UFO - Volatility Comparison

The current volatility for Global X CleanTech ETF (CTEC) is 15.44%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that CTEC 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

	CTEC	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.44%	20.43%	-4.99%
Volatility (6M) Calculated over the trailing 6-month period	26.72%	34.11%	-7.39%
Volatility (1Y) Calculated over the trailing 1-year period	36.93%	40.69%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.77%	30.59%	+6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.02%	31.16%	+6.86%

CTEC vs. UFO - Expense Ratio Comparison

CTEC has a 0.50% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

CTEC vs. UFO - Dividend Comparison

CTEC's dividend yield for the trailing twelve months is around 0.60%, more than UFO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CTEC Global X CleanTech ETF	0.60%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%	0.00%
UFO Procure Space ETF	0.31%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both CTEC and UFO in my portfolio?

CTEC and UFO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEC or UFO?

UFO has higher volatility (20.43%) compared to CTEC (15.44%). In terms of maximum drawdown, CTEC dropped -81.58% vs UFO's -50.33%.

Which ETF is better, CTEC or UFO?

On 5-year performance, UFO leads with 13.50% vs -6.60% for CTEC. On fees, CTEC is cheaper at 0.50% per year. On volatility, CTEC has been the lower-risk option at 15.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEC or UFO?

Over the 5-year period, UFO has performed better with a 13.50% return vs -6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEC or UFO?

CTEC is cheaper with a 0.50% expense ratio, compared with 0.75% for UFO.

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

CTEC has the higher dividend yield at 0.60%, compared with 0.31% for UFO.

What is the main difference between CTEC and UFO?

CTEC is categorized as Alternative Energy Equities, while UFO is Global Equities. CTEC tracks Indxx Global CleanTech Index, while UFO tracks S-Network Space Index. They also come from different issuers: Global X and ProcureAM. Their fees differ too: 0.50% for CTEC and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (2.58 vs 2.44), 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.