ORBX vs. UFO

Last updated Jun 23, 2026

ORBX (Global X Space Tech ETF) and UFO (Procure Space ETF) are both exchange-traded funds - ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. ORBX charges 0.50%/yr vs 0.75%/yr for UFO.

Performance

ORBX vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORBX

• 1D: -4.24%
• 1M: -26.02%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UFO

• 1D: -3.08%
• 1M: -21.29%
• YTD: 26.05%
• 6M: 20.52%
• 1Y: 82.42%
• 3Y*: 39.60%
• 5Y*: 11.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ORBX vs. UFO - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	0.02%
UFO Procure Space ETF	-5.71%

Correlation

The correlation between ORBX and UFO is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.98

Return for Risk

ORBX vs. UFO — Risk / Return Rank

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

ORBX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UFO

UFO Risk / Return Rank: 58
UFO Sharpe Ratio Rank: 64
UFO Sortino Ratio Rank: 56
UFO Omega Ratio Rank: 51
UFO Calmar Ratio Rank: 61
UFO Martin Ratio Rank: 58

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.

ORBX vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) 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.

	ORBX	UFO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.04	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	10.01	—

Drawdowns

ORBX vs. UFO - Drawdown Comparison

The maximum ORBX drawdown since its inception was -34.19%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for ORBX and UFO.

Drawdown Indicators

	ORBX	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-50.33%	+16.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.33%	—
Current Drawdown Current decline from peak	-34.19%	-28.15%	-6.04%
Average Drawdown Average peak-to-trough decline	-10.57%	-21.81%	+11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.26%	—

Volatility

Volatility by Period

	ORBX	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.60%	40.77%	+41.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.60%	30.63%	+51.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.60%	31.16%	+51.44%

ORBX vs. UFO - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

ORBX vs. UFO - Dividend Comparison

ORBX 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
ORBX Global X Space Tech 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

Can I hold both ORBX and UFO in my portfolio?

With a correlation of 0.98, ORBX and UFO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ORBX or UFO?

On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORBX or UFO?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.34%, compared with 0.00% for ORBX.

What is the main difference between ORBX and UFO?

ORBX is categorized as Aerospace & Defense, while UFO is Global Equities. ORBX tracks Global X Space Tech Index, while UFO tracks S-Network Space Index. They also come from different issuers: Global X and ProcureAM. Their fees differ too: 0.50% for ORBX and 0.75% for UFO.