MNVT vs. UFO
MNVT (Moonvest ETF) and UFO (Procure Space ETF) are both Global Equities funds. MNVT is actively managed, while UFO is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
MNVT vs. UFO - Performance Comparison
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Returns By Period
MNVT
- 1D
- -0.18%
- 1M
- -14.18%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UFO
- 1D
- -0.97%
- 1M
- -17.74%
- YTD
- 30.00%
- 6M
- 30.00%
- 1Y
- 76.14%
- 3Y*
- 39.63%
- 5Y*
- 11.86%
- 10Y*
- —
MNVT vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNVT Moonvest ETF | 19.73% |
UFO Procure Space ETF | 7.40% |
Correlation
The correlation between MNVT and UFO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.70 |
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Return for Risk
MNVT vs. UFO — Risk / Return Rank
MNVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UFO
MNVT vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moonvest ETF (MNVT) 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.
| MNVT | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.33 | — |
| Martin ratioReturn relative to average drawdown | — | 7.97 | — |
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Drawdowns
MNVT vs. UFO - Drawdown Comparison
The maximum MNVT drawdown since its inception was -18.41%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for MNVT and UFO.
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Drawdown Indicators
| MNVT | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.41% | -50.33% | +31.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.95% | — |
Current DrawdownCurrent decline from peak | -14.18% | -25.90% | +11.72% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -21.83% | +15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.59% | — |
Volatility
MNVT vs. UFO - Volatility Comparison
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Volatility by Period
| MNVT | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.37% | 41.38% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.37% | 30.81% | +16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.37% | 31.27% | +16.10% |
MNVT vs. UFO - Expense Ratio Comparison
Both MNVT and UFO have an expense ratio of 0.75%.
Dividends
MNVT vs. UFO - Dividend Comparison
MNVT has not paid dividends to shareholders, while UFO's dividend yield for the trailing twelve months is around 0.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MNVT Moonvest ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UFO Procure Space ETF | 0.30% | 0.46% | 1.98% | 1.90% | 3.19% | 1.00% | 1.07% | 0.45% |
Frequently Asked Questions
MNVT and UFO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MNVT and UFO have the same expense ratio: 0.75% per year.
UFO has the higher dividend yield at 0.30%, compared with 0.00% for MNVT.
They also come from different issuers: Moonvest and ProcureAM.
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