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 0.69 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
- -8.13%
- 1M
- 7.60%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UFO
- 1D
- -7.80%
- 1M
- 3.81%
- YTD
- 41.55%
- 6M
- 53.43%
- 1Y
- 114.27%
- 3Y*
- 42.70%
- 5Y*
- 14.36%
- 10Y*
- —
MNVT vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNVT Moonvest ETF | 23.95% |
UFO Procure Space ETF | 20.24% |
Correlation
The correlation between MNVT and UFO is 0.69, 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 19, 2026 | 0.69 |
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Return for Risk
MNVT vs. UFO — Risk / Return Rank
MNVT
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MNVT | UFO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.95 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.46 | 0.43 | +3.04 |
Drawdowns
MNVT vs. UFO - Drawdown Comparison
The maximum MNVT drawdown since its inception was -12.56%, 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 | -12.56% | -50.33% | +37.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.33% | — |
Current DrawdownCurrent decline from peak | -12.18% | -19.31% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -21.81% | +18.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.88% | — |
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 | — | 18.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.76% | 39.00% | +9.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.76% | 30.14% | +18.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.76% | 30.90% | +17.86% |
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 0.69, 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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