DFAW vs. UFO

Last updated Jun 4, 2026

DFAW (Dimensional World Equity ETF) and UFO (Procure Space ETF) are both Global Equities funds. DFAW is actively managed, while UFO is passively managed. Over the past year, DFAW returned 30.13% vs 135.88% for UFO. A 0.65 correlation means they provide meaningful diversification when combined. DFAW charges 0.25%/yr vs 0.75%/yr for UFO.

Performance

DFAW vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional World Equity ETF (DFAW) 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, DFAW achieves a 12.61% return, which is significantly lower than UFO's 49.39% return.

DFAW

• 1D: -0.70%
• 1M: 4.36%
• YTD: 12.61%
• 6M: 13.91%
• 1Y: 30.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UFO

• 1D: -5.68%
• 1M: 12.53%
• YTD: 49.39%
• 6M: 71.06%
• 1Y: 135.88%
• 3Y*: 46.01%
• 5Y*: 15.60%
• 10Y*: —

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

DFAW vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFAW Dimensional World Equity ETF	12.61%	20.62%	15.49%	11.57%
UFO Procure Space ETF	49.39%	67.36%	27.22%	15.03%

Correlation

The correlation between DFAW 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 (All Time) Calculated using the full available price history since Sep 28, 2023	0.65

The correlation between DFAW and UFO has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

DFAW vs. UFO - Sectors Allocation Comparison

Sectors	DFAW	UFO
Technology	24.8%	22.0%
Financial Services	15.5%	-
Industrials	13.6%	47.2%
Consumer Cyclical	10.2%	-
Healthcare	7.9%	-
Communication Services	7.3%	30.8%
Energy	6.0%	-
Basic Materials	5.0%	-
Consumer Defensive	5.0%	-
Real Estate	2.4%	-
Utilities	2.3%	-

Return for Risk

DFAW vs. UFO — Risk / Return Rank

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

DFAW

DFAW Risk / Return Rank: 74
DFAW Sharpe Ratio Rank: 76
DFAW Sortino Ratio Rank: 76
DFAW Omega Ratio Rank: 75
DFAW Calmar Ratio Rank: 67
DFAW Martin Ratio Rank: 77

UFO

UFO Risk / Return Rank: 88
UFO Sharpe Ratio Rank: 93
UFO Sortino Ratio Rank: 86
UFO Omega Ratio Rank: 78
UFO Calmar Ratio Rank: 92
UFO Martin Ratio Rank: 89

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.

DFAW vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional World Equity ETF (DFAW) 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.

	DFAW	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.52	3.59	-1.07
Sortino ratio: Return per unit of downside risk	3.49	3.95	-0.46
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	3.41	6.23	-2.82
Martin ratio: Return relative to average drawdown	15.09	20.29	-5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAW vs. UFO - Sharpe Ratio Comparison

The current DFAW Sharpe Ratio is 2.52, which is comparable to the UFO Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of DFAW 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

	DFAW	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	3.59	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.46	+1.16

Drawdowns

DFAW vs. UFO - Drawdown Comparison

The maximum DFAW drawdown since its inception was -16.93%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for DFAW and UFO.

Drawdown Indicators

	DFAW	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-16.93%	-50.33%	+33.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-21.95%	+13.07%
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	-0.70%	-14.84%	+14.14%
Average Drawdown Average peak-to-trough decline	-1.70%	-21.82%	+20.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	6.72%	-4.72%

Volatility

DFAW vs. UFO - Volatility Comparison

The current volatility for Dimensional World Equity ETF (DFAW) is 3.35%, while Procure Space ETF (UFO) has a volatility of 16.64%. This indicates that DFAW 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

	DFAW	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	16.64%	-13.29%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	31.27%	-21.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	38.08%	-26.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	29.92%	-15.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	30.76%	-16.30%

DFAW vs. UFO - Expense Ratio Comparison

DFAW has a 0.25% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

DFAW vs. UFO - Dividend Comparison

DFAW's dividend yield for the trailing twelve months is around 1.55%, more than UFO's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DFAW Dimensional World Equity ETF	1.55%	1.71%	1.47%	0.42%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.29%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both DFAW and UFO in my portfolio?

DFAW 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, DFAW or UFO?

UFO has higher volatility (16.64%) compared to DFAW (3.35%). In terms of maximum drawdown, DFAW dropped -16.93% vs UFO's -50.33%.

Which ETF is better, DFAW or UFO?

On 1-year performance, UFO leads with 135.88% vs 30.13% for DFAW. On fees, DFAW is cheaper at 0.25% per year. On volatility, DFAW has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAW or UFO?

Over the 1-year period, UFO has performed better with a 135.88% return vs 30.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAW or UFO?

DFAW is cheaper with a 0.25% expense ratio, compared with 0.75% for UFO.

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

DFAW has the higher dividend yield at 1.55%, compared with 0.29% for UFO.

What is the main difference between DFAW and UFO?

They also come from different issuers: Dimensional and ProcureAM. Their fees differ too: 0.25% for DFAW and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.59 vs 2.52), 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.