PAWZ vs. UFO
PAWZ (ProShares Pet Care ETF) and UFO (Procure Space ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while UFO tracks the S-Network Space Index. Both are passively managed. Over the past 5 years, PAWZ returned -9.39%/yr vs 9.70%/yr for UFO. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PAWZ charges 0.50%/yr vs 0.75%/yr for UFO.
Performance
PAWZ vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -8.33% return, which is significantly lower than UFO's 13.70% return.
PAWZ
- 1D
- 2.03%
- 1M
- 3.85%
- 6M
- -10.65%
- YTD
- -8.33%
- 1Y
- -12.73%
- 3Y*
- -0.92%
- 5Y*
- -9.39%
- 10Y*
- —
- ALL TIME*
- 3.51%
UFO
- 1D
- 2.16%
- 1M
- -4.86%
- 6M
- -2.95%
- YTD
- 13.70%
- 1Y
- 43.43%
- 3Y*
- 32.24%
- 5Y*
- 9.70%
- 10Y*
- —
- ALL TIME*
- 9.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.97K | $88.04K | $268.83K | |
| $25.95M | $31.59M | $71.56M |
PAWZ vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -8.33% | 1.21% | 3.88% | 12.47% | -40.08% | 10.46% | 61.69% | 10.63% |
UFO Procure Space ETF | 13.70% | 67.36% | 27.22% | -2.34% | -25.85% | 7.17% | -2.15% | 5.66% |
Correlation
The correlation between PAWZ and UFO is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.55 |
Over the past year, the correlation between PAWZ and UFO has dropped to 0.25 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
PAWZ vs. UFO - Sectors Allocation Comparison
Sectors
PAWZ
UFO
Healthcare
-
Consumer Cyclical
-
Consumer Defensive
-
Technology
Financial Services
Basic Materials
-
Communication Services
-
Energy
-
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Healthcare
PAWZ
UFO
-
Consumer Cyclical
PAWZ
UFO
-
Consumer Defensive
PAWZ
UFO
-
Technology
PAWZ
UFO
Financial Services
PAWZ
UFO
Basic Materials
PAWZ
UFO
-
Communication Services
PAWZ
-
UFO
Energy
PAWZ
-
UFO
-
Industrials
PAWZ
-
UFO
Real Estate
PAWZ
-
UFO
-
Utilities
PAWZ
-
UFO
-
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Return for Risk
PAWZ vs. UFO — Risk / Return Rank
PAWZ
UFO
PAWZ vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.
| PAWZ | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.19 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.19 | -1.80 |
| Martin ratioReturn relative to average drawdown | -1.23 | 3.41 | -4.64 |
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Drawdowns
PAWZ vs. UFO - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, roughly equal to the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for PAWZ and UFO.
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Drawdown Indicators
| PAWZ | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -50.33% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -36.56% | +15.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -36.56% | +13.44% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -49.95% | -0.12% |
Current DrawdownCurrent decline from peak | -39.02% | -35.19% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -22.89% | -21.93% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 12.76% | -2.35% |
Volatility
PAWZ vs. UFO - Volatility Comparison
The current volatility for ProShares Pet Care ETF (PAWZ) is 5.44%, while Procure Space ETF (UFO) has a volatility of 10.80%. This indicates that PAWZ 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.
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Volatility by Period
| PAWZ | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 10.80% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 33.24% | -20.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 41.79% | -24.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 30.88% | -10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 31.25% | -9.62% |
PAWZ vs. UFO - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is lower than UFO's 0.75% expense ratio.
Dividends
PAWZ vs. UFO - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.70%, more than UFO's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | 0.70% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
UFO Procure Space ETF | 0.34% | 0.46% | 1.98% | 1.90% | 3.19% | 1.00% | 1.07% | 0.45% | 0.00% |
Frequently Asked Questions
PAWZ and UFO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFO has higher volatility (10.80%) compared to PAWZ (5.44%). In terms of maximum drawdown, PAWZ dropped -50.07% vs UFO's -50.33%.
On 5-year performance, UFO leads with 9.70% vs -9.39% for PAWZ. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 5.44%. 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 9.70% return vs -9.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAWZ is cheaper with a 0.50% expense ratio, compared with 0.75% for UFO.
PAWZ has the higher dividend yield at 0.70%, compared with 0.34% for UFO.
PAWZ tracks FactSet Pet Care Index, while UFO tracks S-Network Space Index. They also come from different issuers: ProShares and ProcureAM. Their fees differ too: 0.50% for PAWZ and 0.75% for UFO.
UFO currently has the higher Sharpe Ratio (1.05 vs -0.75), 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.
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