PICK vs. UFO

Last updated Jun 14, 2026

PICK (iShares MSCI Global Select Metals & Mining Producers ETF) and UFO (Procure Space ETF) are both exchange-traded funds - PICK is a Materials fund tracking the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, PICK returned 11.31%/yr vs 13.50%/yr for UFO. A 0.53 correlation means they provide meaningful diversification when combined. PICK charges 0.39%/yr vs 0.75%/yr for UFO.

Performance

PICK vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PICK achieves a 26.76% return, which is significantly lower than UFO's 36.92% return.

PICK

• 1D: 2.04%
• 1M: 3.45%
• YTD: 26.76%
• 6M: 32.91%
• 1Y: 79.94%
• 3Y*: 19.94%
• 5Y*: 11.31%
• 10Y*: 17.70%

UFO

• 1D: -6.99%
• 1M: -5.92%
• YTD: 36.92%
• 6M: 37.68%
• 1Y: 105.58%
• 3Y*: 41.51%
• 5Y*: 13.50%
• 10Y*: —

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

PICK vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PICK iShares MSCI Global Select Metals & Mining Producers ETF	26.76%	51.89%	-16.37%	9.69%	2.54%	22.61%	27.46%	-4.02%
UFO Procure Space ETF	36.92%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%

Correlation

The correlation between PICK and UFO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.53

The correlation between PICK and UFO has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

PICK vs. UFO - Sectors Allocation Comparison

Sectors	PICK	UFO
Basic Materials	96.0%	-
Industrials	3.1%	45.8%
Technology	0.9%	27.8%
Financial Services	0.1%	0.0%
Consumer Defensive	0.1%	-
Energy	0.0%	-
Communication Services	-	24.5%
Consumer Cyclical	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PICK vs. UFO — Risk / Return Rank

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

PICK

PICK Risk / Return Rank: 85
PICK Sharpe Ratio Rank: 90
PICK Sortino Ratio Rank: 80
PICK Omega Ratio Rank: 84
PICK Calmar Ratio Rank: 84
PICK Martin Ratio Rank: 85

UFO

UFO Risk / Return Rank: 83
UFO Sharpe Ratio Rank: 89
UFO Sortino Ratio Rank: 80
UFO Omega Ratio Rank: 73
UFO Calmar Ratio Rank: 89
UFO Martin Ratio Rank: 82

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.

PICK vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) 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.

	PICK	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.58	+0.05
Sortino ratio: Return per unit of downside risk	3.10	3.06	+0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.06
Calmar ratio: Return relative to maximum drawdown	4.00	4.58	-0.57
Martin ratio: Return relative to average drawdown	15.40	14.05	+1.36

PICK vs. UFO - Sharpe Ratio Comparison

The current PICK Sharpe Ratio is 2.63, which is comparable to the UFO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of PICK and UFO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PICK vs. UFO - Drawdown Comparison

The maximum PICK drawdown since its inception was -68.87%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for PICK and UFO.

Drawdown Indicators

	PICK	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-68.87%	-50.33%	-18.54%
Max Drawdown (1Y) Largest decline over 1 year	-19.54%	-22.94%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-32.52%	-25.91%	-6.61%
Max Drawdown (5Y) Largest decline over 5 years	-36.37%	-50.33%	+13.96%
Max Drawdown (10Y) Largest decline over 10 years	-52.72%	—	—
Current Drawdown Current decline from peak	-5.59%	-21.95%	+16.36%
Average Drawdown Average peak-to-trough decline	-24.08%	-21.80%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	7.46%	-2.39%

Volatility

PICK vs. UFO - Volatility Comparison

The current volatility for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is 13.70%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that PICK 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.

Volatility by Period

	PICK	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.70%	20.43%	-6.73%
Volatility (6M) Calculated over the trailing 6-month period	25.93%	34.11%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	29.74%	40.69%	-10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	30.59%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.46%	31.16%	-2.70%

PICK vs. UFO - Expense Ratio Comparison

PICK has a 0.39% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

PICK vs. UFO - Dividend Comparison

PICK's dividend yield for the trailing twelve months is around 2.27%, more than UFO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PICK iShares MSCI Global Select Metals & Mining Producers ETF	2.27%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%
UFO Procure Space ETF	0.31%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PICK and UFO in my portfolio?

PICK and UFO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PICK or UFO?

UFO has higher volatility (20.43%) compared to PICK (13.70%). In terms of maximum drawdown, PICK dropped -68.87% vs UFO's -50.33%.

Which ETF is better, PICK or UFO?

On 5-year performance, UFO leads with 13.50% vs 11.31% for PICK. On fees, PICK is cheaper at 0.39% per year. On volatility, PICK has been the lower-risk option at 13.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PICK or UFO?

Over the 5-year period, UFO has performed better with a 13.50% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PICK or UFO?

PICK is cheaper with a 0.39% expense ratio, compared with 0.75% for UFO.

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

PICK has the higher dividend yield at 2.27%, compared with 0.31% for UFO.

What is the main difference between PICK and UFO?

PICK is categorized as Materials, while UFO is Global Equities. PICK tracks MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index, while UFO tracks S-Network Space Index. They also come from different issuers: iShares and ProcureAM. Their fees differ too: 0.39% for PICK and 0.75% for UFO.

Which has better risk-adjusted returns?

PICK currently has the higher Sharpe Ratio (2.63 vs 2.58), 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.