PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JETS vs. UFO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JETS vs. UFO

Last updated Jun 13, 2026

JETS (U.S. Global Jets ETF) and UFO (Procure Space ETF) are both exchange-traded funds - JETS is a Industrials Equities fund tracking the U.S. Global Jets Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, JETS returned 2.62%/yr vs 13.50%/yr for UFO. A 0.59 correlation means they provide meaningful diversification when combined. JETS charges 0.60%/yr vs 0.75%/yr for UFO.

Performance

JETS vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Jets ETF (JETS) 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, JETS achieves a 5.20% return, which is significantly lower than UFO's 36.92% return.

JETS

1D
1.93%
1M
13.01%
YTD
5.20%
6M
5.27%
1Y
32.79%
3Y*
13.75%
5Y*
2.62%
10Y*
3.62%

UFO

1D
-6.99%
1M
-6.10%
YTD
36.92%
6M
37.68%
1Y
104.39%
3Y*
41.51%
5Y*
13.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JETS vs. UFO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
JETS
U.S. Global Jets ETF		5.20%11.64%33.21%11.42%-19.01%-5.13%-28.93%4.07%
UFO
Procure Space ETF		36.92%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.66%

Correlation

The correlation between JETS and UFO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

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

0.57

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

0.59

The correlation between JETS and UFO shifts across timeframes, from 0.46 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

JETS vs. UFO - Sectors Allocation Comparison

Sectors
JETS
UFO

Industrials

88.8%
47.2%

Consumer Cyclical

8.6%

-

Technology

2.6%
22.0%

Basic Materials

-

-

Communication Services

-

30.8%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Industrials

JETS
88.8%
UFO
47.2%

Consumer Cyclical

JETS
8.6%
UFO

-

Technology

JETS
2.6%
UFO
22.0%

Basic Materials

JETS

-

UFO

-

Communication Services

JETS

-

UFO
30.8%

Consumer Defensive

JETS

-

UFO

-

Energy

JETS

-

UFO

-

Financial Services

JETS

-

UFO

-

Healthcare

JETS

-

UFO

-

Real Estate

JETS

-

UFO

-

Utilities

JETS

-

UFO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

U.S. Global Jets ETF

Procure Space ETF

Often compared with JETS:
JETS vs. AWAYJETS vs. PEJJETS vs. SPYJETS vs. VOOJETS vs. BOTZJETS vs. IWMJETS vs. V
Often compared with UFO:
UFO vs. ARKXUFO vs. ROKTUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. ITAUFO vs. RCKT

Return for Risk

JETS vs. UFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JETS
JETS Risk / Return Rank: 3131
Overall Rank
JETS Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
JETS Sortino Ratio Rank: 3535
Sortino Ratio Rank
JETS Omega Ratio Rank: 3131
Omega Ratio Rank
JETS Calmar Ratio Rank: 3131
Calmar Ratio Rank
JETS Martin Ratio Rank: 2828
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.

JETS vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) 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.

JETSUFODifference
Sharpe ratioReturn per unit of total volatility
0.99
2.58

-1.59

Sortino ratioReturn per unit of downside risk
1.65
3.06

-1.42

Omega ratioGain probability vs. loss probability

1.19

1.37

-0.19

Calmar ratioReturn relative to maximum drawdown

1.37

4.58

-3.21

Martin ratioReturn relative to average drawdown

3.47

14.05

-10.57

JETS vs. UFO - Sharpe Ratio Comparison

The current JETS Sharpe Ratio is 0.99, which is lower than the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of JETS 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.

Loading charts...

Drawdowns

JETS vs. UFO - Drawdown Comparison

The maximum JETS drawdown since its inception was -64.92%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for JETS and UFO.

Loading charts...

Drawdown Indicators

JETSUFODifference

Max Drawdown

Largest peak-to-trough decline

-64.92%

-50.33%

-14.59%

Max Drawdown (1Y)

Largest decline over 1 year

-24.13%

-22.94%

-1.19%

Max Drawdown (3Y)

Largest decline over 3 years

-35.21%

-25.91%

-9.30%

Max Drawdown (5Y)

Largest decline over 5 years

-42.84%

-50.33%

+7.49%

Max Drawdown (10Y)

Largest decline over 10 years

-64.92%

—

—

Current Drawdown

Current decline from peak

-12.35%

-21.95%

+9.60%

Average Drawdown

Average peak-to-trough decline

-25.16%

-21.80%

-3.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.47%

7.46%

+2.01%

Volatility

JETS vs. UFO - Volatility Comparison

The current volatility for U.S. Global Jets ETF (JETS) is 13.04%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that JETS 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.

Loading charts...

Volatility by Period

JETSUFODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.04%

20.43%

-7.39%

Volatility (6M)

Calculated over the trailing 6-month period

25.44%

34.11%

-8.67%

Volatility (1Y)

Calculated over the trailing 1-year period

33.42%

40.69%

-7.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.49%

30.59%

+1.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.26%

31.16%

+3.10%

JETS vs. UFO - Expense Ratio Comparison

JETS has a 0.60% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

JETS vs. UFO - Dividend Comparison

JETS's dividend yield for the trailing twelve months is around 0.79%, more than UFO's 0.31% yield.

PositionTTM20252024202320222021202020192018201720162015
JETS
U.S. Global Jets ETF		0.79%0.83%0.00%0.00%0.00%0.67%0.04%1.24%0.09%1.57%0.58%0.17%
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

JETS and UFO have a correlation of 0.46, 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 JETS (13.04%). In terms of maximum drawdown, JETS dropped -64.92% vs UFO's -50.33%.

On 5-year performance, UFO leads with 13.50% vs 2.62% for JETS. On fees, JETS is cheaper at 0.60% per year. On volatility, JETS has been the lower-risk option at 13.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, UFO has performed better with a 13.50% return vs 2.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JETS is cheaper with a 0.60% expense ratio, compared with 0.75% for UFO.

JETS has the higher dividend yield at 0.79%, compared with 0.31% for UFO.

JETS is categorized as Industrials Equities, while UFO is Global Equities. JETS tracks U.S. Global Jets Index, while UFO tracks S-Network Space Index. They also come from different issuers: US Global and ProcureAM. Their fees differ too: 0.60% for JETS and 0.75% for UFO.

UFO currently has the higher Sharpe Ratio (2.58 vs 0.99), 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.

Portfolio Optimizer

Find the right allocation for JETS and UFO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer