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EUFN vs. UFO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. UFO

Last updated Jun 13, 2026

EUFN (iShares MSCI Europe Financials ETF) and UFO (Procure Space ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, EUFN returned 18.43%/yr vs 13.50%/yr for UFO. A 0.56 correlation means they provide meaningful diversification when combined. EUFN charges 0.48%/yr vs 0.75%/yr for UFO.

Performance

EUFN vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EUFN achieves a 4.75% return, which is significantly lower than UFO's 36.92% return.

EUFN

1D
1.20%
1M
3.43%
YTD
4.75%
6M
9.10%
1Y
28.57%
3Y*
32.04%
5Y*
18.43%
10Y*
13.48%

UFO

1D
-6.99%
1M
-8.71%
YTD
36.92%
6M
37.68%
1Y
105.58%
3Y*
41.51%
5Y*
13.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. UFO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EUFN
iShares MSCI Europe Financials ETF		4.75%65.73%17.20%26.15%-8.78%19.13%-8.55%8.05%
UFO
Procure Space ETF		36.92%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.66%

Correlation

The correlation between EUFN 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 (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2019

0.56

The correlation between EUFN and UFO shifts across timeframes, from 0.44 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

EUFN vs. UFO - Sectors Allocation Comparison

Sectors
EUFN
UFO

Financial Services

97.1%

-

Technology

1.0%
22.0%

Industrials

0.4%
47.2%

Consumer Cyclical

0.2%

-

Basic Materials

-

-

Communication Services

-

30.8%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

EUFN
97.1%
UFO

-

Technology

EUFN
1.0%
UFO
22.0%

Industrials

EUFN
0.4%
UFO
47.2%

Consumer Cyclical

EUFN
0.2%
UFO

-

Basic Materials

EUFN

-

UFO

-

Communication Services

EUFN

-

UFO
30.8%

Consumer Defensive

EUFN

-

UFO

-

Energy

EUFN

-

UFO

-

Healthcare

EUFN

-

UFO

-

Real Estate

EUFN

-

UFO

-

Utilities

EUFN

-

UFO

-

Compare stocks, funds, or ETFs

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iShares MSCI Europe Financials ETF

Procure Space ETF

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL
Often compared with UFO:
UFO vs. ARKXUFO vs. ROKTUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. ITAUFO vs. RCKT

Return for Risk

EUFN vs. UFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFN
EUFN Risk / Return Rank: 4242
Overall Rank
EUFN Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3939
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4141
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
Martin Ratio Rank
UFO
UFO Risk / Return Rank: 8383
Overall Rank
UFO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
UFO Sortino Ratio Rank: 8080
Sortino Ratio Rank
UFO Omega Ratio Rank: 7373
Omega Ratio Rank
UFO Calmar Ratio Rank: 8989
Calmar Ratio Rank
UFO Martin Ratio Rank: 8282
Martin Ratio Rank
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.

EUFN vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.

EUFNUFODifference
Sharpe ratioReturn per unit of total volatility
1.31
2.58

-1.27

Sortino ratioReturn per unit of downside risk
1.92
3.06

-1.15

Omega ratioGain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratioReturn relative to maximum drawdown

1.79

4.58

-2.79

Martin ratioReturn relative to average drawdown

6.24

14.05

-7.81

EUFN vs. UFO - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is lower than the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of EUFN 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.

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Drawdowns

EUFN vs. UFO - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for EUFN and UFO.

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Drawdown Indicators

EUFNUFODifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-50.33%

-2.92%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-22.94%

+8.17%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-25.91%

+9.96%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-50.33%

+15.18%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

—

—

Current Drawdown

Current decline from peak

-0.10%

-21.95%

+21.85%

Average Drawdown

Average peak-to-trough decline

-14.53%

-21.80%

+7.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.23%

7.46%

-3.23%

Volatility

EUFN vs. UFO - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.96%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that EUFN 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

EUFNUFODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

20.43%

-13.47%

Volatility (6M)

Calculated over the trailing 6-month period

17.05%

34.11%

-17.06%

Volatility (1Y)

Calculated over the trailing 1-year period

20.17%

40.69%

-20.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.88%

30.59%

-8.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.53%

31.16%

-6.63%

EUFN vs. UFO - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

EUFN vs. UFO - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, more than UFO's 0.31% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.41%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
UFO
Procure Space ETF		0.31%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

EUFN 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.

UFO has higher volatility (20.43%) compared to EUFN (6.96%). In terms of maximum drawdown, EUFN dropped -53.25% vs UFO's -50.33%.

On 5-year performance, EUFN leads with 18.43% vs 13.50% for UFO. On fees, EUFN is cheaper at 0.48% per year. On volatility, EUFN has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EUFN has performed better with a 18.43% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.48% expense ratio, compared with 0.75% for UFO.

EUFN has the higher dividend yield at 3.41%, compared with 0.31% for UFO.

EUFN is categorized as Financials Equities, while UFO is Global Equities. EUFN tracks MSCI Europe Financials Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.48% for EUFN and 0.75% for UFO.

UFO currently has the higher Sharpe Ratio (2.58 vs 1.31), 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.

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