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
- -2.85%
- 1M
- -6.54%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UFO
- 1D
- -1.74%
- 1M
- -5.59%
- 6M
- -8.38%
- YTD
- 11.29%
- 1Y
- 40.39%
- 3Y*
- 31.74%
- 5Y*
- 9.46%
- 10Y*
- —
- ALL TIME*
- 9.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MNVT Moonvest ETF | $653.57K | $816.73K | $1.17M |
| $28.08M | $34.10M | $71.62M |
MNVT vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNVT Moonvest ETF | 6.40% |
UFO Procure Space ETF | -8.05% |
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 | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.08 | — |
| Martin ratioReturn relative to average drawdown | — | 3.12 | — |
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Drawdowns
MNVT vs. UFO - Drawdown Comparison
The maximum MNVT drawdown since its inception was -23.74%, 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 | -23.74% | -50.33% | +26.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.95% | — |
Current DrawdownCurrent decline from peak | -23.74% | -36.56% | +12.82% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -21.93% | +13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.57% | — |
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 | — | 10.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.29% | 41.73% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.29% | 30.85% | +14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.29% | 31.25% | +14.04% |
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 0.34%.
| 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 | 0.34% | 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 0.34%, compared with 0.00% for MNVT.
They also come from different issuers: Moonvest and ProcureAM.
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