EUAD vs. UFO

Last updated Jun 4, 2026

EUAD (Select STOXX Europe Aerospace & Defense ETF) and UFO (Procure Space ETF) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past year, EUAD returned -3.68% vs 135.88% for UFO. At a 0.39 correlation, their price movements are largely independent. EUAD charges 0.50%/yr vs 0.75%/yr for UFO.

Performance

EUAD vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) 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, EUAD achieves a -5.41% return, which is significantly lower than UFO's 49.39% return.

EUAD

• 1D: -1.53%
• 1M: -1.14%
• YTD: -5.41%
• 6M: -1.74%
• 1Y: -3.68%
• 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)

EUAD vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	-5.41%	74.51%	-3.62%
UFO Procure Space ETF	49.39%	67.36%	21.58%

Correlation

The correlation between EUAD and UFO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024	0.39

EUAD vs. UFO - Sectors Allocation Comparison

Sectors	EUAD	UFO
Industrials	99.4%	47.2%
Healthcare	0.1%	-
Basic Materials	-	-
Communication Services	-	30.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Technology	-	22.0%
Utilities	-	-

Return for Risk

EUAD vs. UFO — Risk / Return Rank

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

EUAD

EUAD Risk / Return Rank: 7
EUAD Sharpe Ratio Rank: 7
EUAD Sortino Ratio Rank: 7
EUAD Omega Ratio Rank: 7
EUAD Calmar Ratio Rank: 7
EUAD Martin Ratio Rank: 7

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.

EUAD vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.

	EUAD	UFO	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	3.59	-3.72
Sortino ratio: Return per unit of downside risk	0.02	3.95	-3.92
Omega ratio: Gain probability vs. loss probability	1.00	1.48	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.17	6.23	-6.39
Martin ratio: Return relative to average drawdown	-0.41	20.29	-20.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUAD vs. UFO - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is -0.13, which is lower than the UFO Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of EUAD 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

	EUAD	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	3.59	-3.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.46	+0.67

Drawdowns

EUAD vs. UFO - Drawdown Comparison

The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for EUAD and UFO.

Drawdown Indicators

	EUAD	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-50.33%	+28.29%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	-21.95%	-0.09%
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	-17.46%	-14.84%	-2.62%
Average Drawdown Average peak-to-trough decline	-5.62%	-21.82%	+16.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.99%	6.72%	+2.27%

Volatility

EUAD vs. UFO - Volatility Comparison

The current volatility for Select STOXX Europe Aerospace & Defense ETF (EUAD) is 11.32%, while Procure Space ETF (UFO) has a volatility of 16.64%. This indicates that EUAD 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

	EUAD	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	16.64%	-5.32%
Volatility (6M) Calculated over the trailing 6-month period	24.20%	31.27%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	29.14%	38.08%	-8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.84%	29.92%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.84%	30.76%	-0.92%

EUAD vs. UFO - Expense Ratio Comparison

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

Dividends

EUAD vs. UFO - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.42%, more than UFO's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EUAD Select STOXX Europe Aerospace & Defense ETF	0.42%	0.40%	0.10%	0.00%	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 EUAD and UFO in my portfolio?

EUAD and UFO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUAD or UFO?

UFO has higher volatility (16.64%) compared to EUAD (11.32%). In terms of maximum drawdown, EUAD dropped -22.04% vs UFO's -50.33%.

Which ETF is better, EUAD or UFO?

On 1-year performance, UFO leads with 135.88% vs -3.68% for EUAD. On fees, EUAD is cheaper at 0.50% per year. On volatility, EUAD has been the lower-risk option at 11.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUAD or UFO?

Over the 1-year period, UFO has performed better with a 135.88% return vs -3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUAD or UFO?

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

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

EUAD has the higher dividend yield at 0.42%, compared with 0.29% for UFO.

What is the main difference between EUAD and UFO?

EUAD is categorized as Aerospace & Defense, while UFO is Global Equities. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while UFO tracks S-Network Space Index. They also come from different issuers: Select Funds and ProcureAM. Their fees differ too: 0.50% for EUAD and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.59 vs -0.13), 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.