ITB vs. UFO

Last updated Jun 14, 2026

ITB (iShares U.S. Home Construction ETF) and UFO (Procure Space ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, ITB returned 8.18%/yr vs 13.50%/yr for UFO. At a 0.50 correlation, their price movements are largely independent. ITB charges 0.38%/yr vs 0.75%/yr for UFO.

Performance

ITB vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) 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, ITB achieves a 0.87% return, which is significantly lower than UFO's 36.92% return.

ITB

• 1D: -0.81%
• 1M: 8.40%
• YTD: 0.87%
• 6M: -5.10%
• 1Y: 8.65%
• 3Y*: 7.35%
• 5Y*: 8.18%
• 10Y*: 14.45%

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)

ITB vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ITB iShares U.S. Home Construction ETF	0.87%	-5.26%	2.06%	68.91%	-26.26%	49.25%	26.42%	20.54%
UFO Procure Space ETF	36.92%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%

Correlation

The correlation between ITB and UFO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.50

The correlation between ITB and UFO shifts across timeframes, from 0.31 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

ITB vs. UFO - Sectors Allocation Comparison

Sectors	ITB	UFO
Consumer Cyclical	71.3%	-
Industrials	19.5%	45.8%
Basic Materials	8.7%	-
Real Estate	0.5%	-
Communication Services	-	24.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Healthcare	-	-
Technology	-	27.8%
Utilities	-	-

Return for Risk

ITB vs. UFO — Risk / Return Rank

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

ITB

ITB Risk / Return Rank: 12
ITB Sharpe Ratio Rank: 12
ITB Sortino Ratio Rank: 14
ITB Omega Ratio Rank: 13
ITB Calmar Ratio Rank: 12
ITB Martin Ratio Rank: 11

UFO

UFO Risk / Return Rank: 83
UFO Sharpe Ratio Rank: 89
UFO Sortino Ratio Rank: 80
UFO Omega Ratio Rank: 73
UFO Calmar Ratio Rank: 89
UFO Martin Ratio Rank: 82

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.

ITB vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.

	ITB	UFO	Difference
Sharpe ratio: Return per unit of total volatility	0.18	2.58	-2.40
Sortino ratio: Return per unit of downside risk	0.53	3.06	-2.53
Omega ratio: Gain probability vs. loss probability	1.06	1.37	-0.31
Calmar ratio: Return relative to maximum drawdown	0.21	4.58	-4.37
Martin ratio: Return relative to average drawdown	0.41	14.05	-13.64

ITB vs. UFO - Sharpe Ratio Comparison

The current ITB Sharpe Ratio is 0.18, which is lower than the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of ITB 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.

Drawdowns

ITB vs. UFO - Drawdown Comparison

The maximum ITB drawdown since its inception was -86.53%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for ITB and UFO.

Drawdown Indicators

	ITB	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-86.53%	-50.33%	-36.20%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	-22.94%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	-25.91%	-7.44%
Max Drawdown (5Y) Largest decline over 5 years	-40.55%	-50.33%	+9.78%
Max Drawdown (10Y) Largest decline over 10 years	-52.10%	—	—
Current Drawdown Current decline from peak	-23.53%	-21.95%	-1.58%
Average Drawdown Average peak-to-trough decline	-37.08%	-21.80%	-15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.45%	7.46%	+5.99%

Volatility

ITB vs. UFO - Volatility Comparison

The current volatility for iShares U.S. Home Construction ETF (ITB) is 9.26%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that ITB 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

	ITB	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	20.43%	-11.17%
Volatility (6M) Calculated over the trailing 6-month period	20.89%	34.11%	-13.22%
Volatility (1Y) Calculated over the trailing 1-year period	29.90%	40.69%	-10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.29%	30.59%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.05%	31.16%	-1.11%

ITB vs. UFO - Expense Ratio Comparison

ITB has a 0.38% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

ITB vs. UFO - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 1.17%, more than UFO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITB iShares U.S. Home Construction ETF	1.17%	1.67%	0.46%	0.48%	0.86%	0.37%	0.46%	0.50%	0.63%	0.28%	0.43%	0.34%
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

Can I hold both ITB and UFO in my portfolio?

ITB and UFO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITB or UFO?

UFO has higher volatility (20.43%) compared to ITB (9.26%). In terms of maximum drawdown, ITB dropped -86.53% vs UFO's -50.33%.

Which ETF is better, ITB or UFO?

On 5-year performance, UFO leads with 13.50% vs 8.18% for ITB. On fees, ITB is cheaper at 0.38% per year. On volatility, ITB has been the lower-risk option at 9.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITB or UFO?

Over the 5-year period, UFO has performed better with a 13.50% return vs 8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITB or UFO?

ITB is cheaper with a 0.38% expense ratio, compared with 0.75% for UFO.

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

ITB has the higher dividend yield at 1.17%, compared with 0.31% for UFO.

What is the main difference between ITB and UFO?

ITB is categorized as Building & Construction, while UFO is Global Equities. ITB tracks Dow Jones U.S. Select Home Construction Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.38% for ITB and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (2.58 vs 0.18), 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.