ROKT vs. UFO

Last updated Aug 2, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and UFO (Procure Space ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, ROKT returned 22.27%/yr vs 9.89%/yr for UFO. Their correlation of 0.83 means they have usually moved in the same direction. ROKT charges 0.45%/yr vs 0.75%/yr for UFO.

Performance

ROKT vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Final Frontiers ETF (ROKT) 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, ROKT achieves a 29.61% return, which is significantly higher than UFO's 13.44% return.

ROKT

• 1D: 1.28%
• 1M: -7.17%
• 6M: 9.42%
• YTD: 29.61%
• 1Y: 64.65%
• 3Y*: 36.69%
• 5Y*: 22.27%
• 10Y*: —
• ALL TIME*: 19.25%

UFO

• 1D: -0.07%
• 1M: -13.58%
• 6M: -3.51%
• YTD: 13.44%
• 1Y: 49.19%
• 3Y*: 31.94%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 9.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ROKT SPDR S&P Kensho Final Frontiers ETF	$4.58M	$3.72M	$5.92M
UFO Procure Space ETF	$22.27M	$25.83M	$70.04M

ROKT vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ROKT SPDR S&P Kensho Final Frontiers ETF	29.61%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	18.28%
UFO Procure Space ETF	13.44%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%

Correlation

The correlation between ROKT and UFO is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.83

The correlation between ROKT and UFO has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

ROKT vs. UFO - Sectors Allocation Comparison

Sectors	ROKT	UFO
Industrials	67.8%	48.9%
Technology	20.9%	20.8%
Energy	7.6%	-
Communication Services	3.7%	28.8%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ROKT vs. UFO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ROKT

ROKT Risk / Return Rank: 78
ROKT Sharpe Ratio Rank: 84
ROKT Sortino Ratio Rank: 80
ROKT Omega Ratio Rank: 76
ROKT Calmar Ratio Rank: 78
ROKT Martin Ratio Rank: 70

UFO

UFO Risk / Return Rank: 43
UFO Sharpe Ratio Rank: 47
UFO Sortino Ratio Rank: 49
UFO Omega Ratio Rank: 44
UFO Calmar Ratio Rank: 38
UFO Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ROKT vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.

	ROKT	UFO	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.16	+0.80
Sortino ratio: Return per unit of downside risk	2.58	1.76	+0.82
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.77	1.32	+1.45
Martin ratio: Return relative to average drawdown	8.61	3.57	+5.04

ROKT vs. UFO - Sharpe Ratio Comparison

The current ROKT Sharpe Ratio is 1.96, which is higher than the UFO Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ROKT 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

ROKT vs. UFO - Drawdown Comparison

The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for ROKT and UFO.

Drawdown Indicators

	ROKT	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-50.33%	+7.17%
Max Drawdown (1Y) Largest decline over 1 year	-22.83%	-36.71%	+13.88%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-36.71%	+13.25%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-49.95%	+26.49%
Current Drawdown Current decline from peak	-19.36%	-35.34%	+15.98%
Average Drawdown Average peak-to-trough decline	-6.95%	-21.96%	+15.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.34%	13.52%	-6.18%

Volatility

ROKT vs. UFO - Volatility Comparison

SPDR S&P Kensho Final Frontiers ETF (ROKT) has a higher volatility of 8.71% compared to Procure Space ETF (UFO) at 7.93%. This indicates that ROKT's price experiences larger fluctuations and is considered to be riskier than UFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROKT	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	7.93%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	26.53%	32.78%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	32.31%	41.75%	-9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.61%	30.89%	-7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	31.24%	-5.76%

ROKT vs. UFO - Expense Ratio Comparison

ROKT has a 0.45% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

ROKT vs. UFO - Dividend Comparison

ROKT's dividend yield for the trailing twelve months is around 0.28%, less than UFO's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ROKT SPDR S&P Kensho Final Frontiers ETF	0.28%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%
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

Can I hold both ROKT and UFO in my portfolio?

With a correlation of 0.93, ROKT 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 is riskier, ROKT or UFO?

ROKT has higher volatility (8.71%) compared to UFO (7.93%). In terms of maximum drawdown, ROKT dropped -43.16% vs UFO's -50.33%.

Which ETF is better, ROKT or UFO?

On 5-year performance, ROKT leads with 22.27% vs 9.89% for UFO. On fees, ROKT is cheaper at 0.45% per year. On volatility, UFO has been the lower-risk option at 7.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROKT or UFO?

Over the 5-year period, ROKT has performed better with a 22.27% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROKT or UFO?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.34%, compared with 0.28% for ROKT.

What is the main difference between ROKT and UFO?

ROKT is categorized as Industrials Equities, while UFO is Global Equities. ROKT tracks S&P Kensho Final Frontiers Index, while UFO tracks S-Network Space Index. They also come from different issuers: State Street and Procure. Their fees differ too: 0.45% for ROKT and 0.75% for UFO.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (1.96 vs 1.16), 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.