GKAT vs. UFO
GKAT (Scharf Global Opportunity ETF) and UFO (Procure Space ETF) are both Global Equities funds. At a 0.43 correlation, their price movements are largely independent. GKAT charges 0.59%/yr vs 0.75%/yr for UFO.
Performance
GKAT vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, GKAT achieves a 9.70% return, which is significantly lower than UFO's 49.39% return.
GKAT
- 1D
- -0.69%
- 1M
- 4.59%
- YTD
- 9.70%
- 6M
- 12.74%
- 1Y
- —
- 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*
- —
GKAT vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GKAT Scharf Global Opportunity ETF | 9.70% | 6.04% |
UFO Procure Space ETF | 49.39% | 25.11% |
Correlation
The correlation between GKAT and UFO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025 | 0.43 |
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Return for Risk
GKAT vs. UFO — Risk / Return Rank
GKAT
UFO
GKAT vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GKAT | UFO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.59 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.82 | 0.46 | +1.36 |
Drawdowns
GKAT vs. UFO - Drawdown Comparison
The maximum GKAT drawdown since its inception was -10.41%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for GKAT and UFO.
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Drawdown Indicators
| GKAT | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.41% | -50.33% | +39.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.33% | — |
Current DrawdownCurrent decline from peak | -0.97% | -14.84% | +13.87% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -21.82% | +19.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.72% | — |
Volatility
GKAT vs. UFO - Volatility Comparison
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Volatility by Period
| GKAT | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 38.08% | -26.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 29.92% | -17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.97% | 30.76% | -18.79% |
GKAT vs. UFO - Expense Ratio Comparison
GKAT has a 0.59% expense ratio, which is lower than UFO's 0.75% expense ratio.
Dividends
GKAT vs. UFO - Dividend Comparison
GKAT's dividend yield for the trailing twelve months is around 0.44%, more than UFO's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GKAT Scharf Global Opportunity ETF | 0.44% | 0.24% | 0.00% | 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
GKAT and UFO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GKAT is cheaper with a 0.59% expense ratio, compared with 0.75% for UFO.
GKAT has the higher dividend yield at 0.44%, compared with 0.29% for UFO.
They also come from different issuers: Scharf Investments and ProcureAM. Their fees differ too: 0.59% for GKAT and 0.75% for UFO.
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