IVLU vs. UFO

Last updated Jun 13, 2026

IVLU (iShares MSCI International Value Factor ETF) and UFO (Procure Space ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, IVLU returned 14.06%/yr vs 13.50%/yr for UFO. A 0.58 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.75%/yr for UFO.

Performance

IVLU vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) 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, IVLU achieves a 12.96% return, which is significantly lower than UFO's 36.92% return.

IVLU

• 1D: 0.56%
• 1M: 0.66%
• YTD: 12.96%
• 6M: 14.33%
• 1Y: 35.32%
• 3Y*: 23.53%
• 5Y*: 14.06%
• 10Y*: 11.63%

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)

IVLU vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IVLU iShares MSCI International Value Factor ETF	12.96%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	4.38%
UFO Procure Space ETF	36.92%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%

Correlation

The correlation between IVLU and UFO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.58

The correlation between IVLU and UFO shifts across timeframes, from 0.48 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

IVLU vs. UFO - Sectors Allocation Comparison

Sectors	IVLU	UFO
Financial Services	25.3%	-
Industrials	17.2%	47.2%
Technology	11.3%	22.0%
Healthcare	9.7%	-
Basic Materials	7.5%	-
Consumer Cyclical	7.4%	-
Consumer Defensive	6.3%	-
Energy	5.1%	-
Communication Services	4.0%	30.8%
Utilities	3.3%	-
Real Estate	1.5%	-

Return for Risk

IVLU vs. UFO — Risk / Return Rank

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

IVLU

IVLU Risk / Return Rank: 73
IVLU Sharpe Ratio Rank: 78
IVLU Sortino Ratio Rank: 77
IVLU Omega Ratio Rank: 76
IVLU Calmar Ratio Rank: 67
IVLU Martin Ratio Rank: 69

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.

IVLU vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) 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.

	IVLU	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.58	-0.41
Sortino ratio: Return per unit of downside risk	2.98	3.06	-0.08
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio: Return relative to maximum drawdown	2.90	4.58	-1.67
Martin ratio: Return relative to average drawdown	11.01	14.05	-3.04

IVLU vs. UFO - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is comparable to the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of IVLU 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

IVLU vs. UFO - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for IVLU and UFO.

Drawdown Indicators

	IVLU	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-50.33%	+8.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-22.94%	+11.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-25.91%	+10.43%
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	-50.33%	+24.29%
Max Drawdown (10Y) Largest decline over 10 years	-41.85%	—	—
Current Drawdown Current decline from peak	-0.53%	-21.95%	+21.42%
Average Drawdown Average peak-to-trough decline	-8.57%	-21.80%	+13.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	7.46%	-4.37%

Volatility

IVLU vs. UFO - Volatility Comparison

The current volatility for iShares MSCI International Value Factor ETF (IVLU) is 5.44%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that IVLU 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

	IVLU	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	20.43%	-14.99%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	34.11%	-21.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	40.69%	-25.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	30.59%	-14.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	31.16%	-13.50%

IVLU vs. UFO - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

IVLU vs. UFO - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, more than UFO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVLU iShares MSCI International Value Factor ETF	3.28%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%
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 IVLU and UFO in my portfolio?

IVLU and UFO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVLU or UFO?

UFO has higher volatility (20.43%) compared to IVLU (5.44%). In terms of maximum drawdown, IVLU dropped -41.85% vs UFO's -50.33%.

Which ETF is better, IVLU or UFO?

On 5-year performance, IVLU leads with 14.06% vs 13.50% for UFO. On fees, IVLU is cheaper at 0.30% per year. On volatility, IVLU has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVLU or UFO?

Over the 5-year period, IVLU has performed better with a 14.06% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVLU or UFO?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.75% for UFO.

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

IVLU has the higher dividend yield at 3.28%, compared with 0.31% for UFO.

What is the main difference between IVLU and UFO?

IVLU is categorized as Foreign Large Cap Equities, while UFO is Global Equities. IVLU tracks MSCI World ex USA Enhanced Value Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.30% for IVLU and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (2.58 vs 2.17), 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.