IBIT vs. UFO
IBIT (iShares Bitcoin Trust ETF) and UFO (Procure Space ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past year, IBIT returned -40.63% vs 104.39% for UFO. At a 0.37 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.75%/yr for UFO.
Performance
IBIT vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than UFO's 36.92% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UFO
- 1D
- -6.99%
- 1M
- -6.10%
- YTD
- 36.92%
- 6M
- 37.68%
- 1Y
- 104.39%
- 3Y*
- 41.51%
- 5Y*
- 13.50%
- 10Y*
- —
IBIT vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
UFO Procure Space ETF | 36.92% | 67.36% | 30.44% |
Correlation
The correlation between IBIT and UFO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.37 |
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Return for Risk
IBIT vs. UFO — Risk / Return Rank
IBIT
UFO
IBIT vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 4.58 | -5.36 |
| Martin ratioReturn relative to average drawdown | -1.37 | 14.05 | -15.42 |
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Drawdowns
IBIT vs. UFO - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, roughly equal to the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for IBIT and UFO.
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Drawdown Indicators
| IBIT | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -50.33% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -22.94% | -29.17% |
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 | -49.45% | -21.95% | -27.50% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -21.80% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 7.46% | +22.18% |
Volatility
IBIT vs. UFO - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that IBIT 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
| IBIT | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 20.43% | -8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 34.11% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 40.69% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 30.59% | +19.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 31.16% | +19.10% |
IBIT vs. UFO - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than UFO's 0.75% expense ratio.
Dividends
IBIT vs. UFO - Dividend Comparison
IBIT has not paid dividends to shareholders, while UFO's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
IBIT and UFO have a correlation of 0.45, 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 IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs UFO's -50.33%.
On 1-year performance, UFO leads with 104.39% vs -40.63% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UFO has performed better with a 104.39% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.75% for UFO.
UFO has the higher dividend yield at 0.31%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while UFO is Global Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.25% for IBIT and 0.75% for UFO.
UFO currently has the higher Sharpe Ratio (2.58 vs -0.92), 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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