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ROKT vs. UFO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROKT vs. UFO

Last updated Jun 21, 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 23.78%/yr vs 12.88%/yr for UFO. Their correlation of 0.83 suggests significant overlap in exposure. 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.

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Returns By Period

In the year-to-date period, ROKT achieves a 38.27% return, which is significantly higher than UFO's 30.06% return.

ROKT

1D
-0.18%
1M
-6.23%
YTD
38.27%
6M
38.81%
1Y
92.17%
3Y*
40.38%
5Y*
23.78%
10Y*
—

UFO

1D
-1.55%
1M
-18.79%
YTD
30.06%
6M
30.70%
1Y
88.22%
3Y*
39.66%
5Y*
12.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ROKT vs. UFO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ROKT
SPDR S&P Kensho Final Frontiers ETF		38.27%50.56%27.89%14.41%-0.81%4.63%7.99%18.28%
UFO
Procure Space ETF		30.06%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.66%

Correlation

The correlation between ROKT and UFO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year 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

68.4%
52.2%

Technology

20.1%
19.3%

Communication Services

5.8%
28.6%

Energy

5.7%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

0.0%

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Industrials

ROKT
68.4%
UFO
52.2%

Technology

ROKT
20.1%
UFO
19.3%

Communication Services

ROKT
5.8%
UFO
28.6%

Energy

ROKT
5.7%
UFO

-

Basic Materials

ROKT

-

UFO

-

Consumer Cyclical

ROKT

-

UFO

-

Consumer Defensive

ROKT

-

UFO

-

Financial Services

ROKT

-

UFO
0.0%

Healthcare

ROKT

-

UFO

-

Real Estate

ROKT

-

UFO

-

Utilities

ROKT

-

UFO

-

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SPDR S&P Kensho Final Frontiers ETF

Procure Space ETF

Often compared with ROKT:
ROKT vs. ARKXROKT vs. XARROKT vs. ITAROKT vs. FITEROKT vs. FSDAXROKT vs. MOONROKT vs. VIS
Often compared with UFO:
UFO vs. ARKXUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. ITAUFO vs. RCKTUFO vs. JEDI.DE

Return for Risk

ROKT vs. UFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROKT
ROKT Risk / Return Rank: 8989
Overall Rank
ROKT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ROKT Sortino Ratio Rank: 8585
Sortino Ratio Rank
ROKT Omega Ratio Rank: 8282
Omega Ratio Rank
ROKT Calmar Ratio Rank: 9393
Calmar Ratio Rank
ROKT Martin Ratio Rank: 9393
Martin Ratio Rank
UFO
UFO Risk / Return Rank: 6666
Overall Rank
UFO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
UFO Sortino Ratio Rank: 6363
Sortino Ratio Rank
UFO Omega Ratio Rank: 5656
Omega Ratio Rank
UFO Calmar Ratio Rank: 7373
Calmar Ratio Rank
UFO Martin Ratio Rank: 6565
Martin Ratio Rank
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.

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.

ROKTUFODifference
Sharpe ratioReturn per unit of total volatility
2.99
2.23

+0.76

Sortino ratioReturn per unit of downside risk
3.60
2.78

+0.82

Omega ratioGain probability vs. loss probability

1.46

1.33

+0.12

Calmar ratioReturn relative to maximum drawdown

6.09

3.50

+2.59

Martin ratioReturn relative to average drawdown

22.73

11.20

+11.53

ROKT vs. UFO - Sharpe Ratio Comparison

The current ROKT Sharpe Ratio is 2.99, which is higher than the UFO Sharpe Ratio of 2.23. 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.

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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.

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Drawdown Indicators

ROKTUFODifference

Max Drawdown

Largest peak-to-trough decline

-43.16%

-50.33%

+7.17%

Max Drawdown (1Y)

Largest decline over 1 year

-15.27%

-25.86%

+10.59%

Max Drawdown (3Y)

Largest decline over 3 years

-23.46%

-25.91%

+2.45%

Max Drawdown (5Y)

Largest decline over 5 years

-23.46%

-50.33%

+26.87%

Current Drawdown

Current decline from peak

-13.97%

-25.86%

+11.89%

Average Drawdown

Average peak-to-trough decline

-6.78%

-21.80%

+15.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.08%

8.06%

-3.98%

Volatility

ROKT vs. UFO - Volatility Comparison

The current volatility for SPDR S&P Kensho Final Frontiers ETF (ROKT) is 15.61%, while Procure Space ETF (UFO) has a volatility of 19.92%. This indicates that ROKT 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

ROKTUFODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.61%

19.92%

-4.31%

Volatility (6M)

Calculated over the trailing 6-month period

26.93%

33.76%

-6.83%

Volatility (1Y)

Calculated over the trailing 1-year period

31.08%

40.58%

-9.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.34%

30.62%

-7.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.41%

31.15%

-5.74%

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 0.29%, less than UFO's 0.33% yield.

PositionTTM20252024202320222021202020192018
ROKT
SPDR S&P Kensho Final Frontiers ETF		0.29%0.41%0.57%0.62%0.54%1.79%0.48%0.74%0.16%
UFO
Procure Space ETF		0.33%0.46%1.98%1.90%3.19%1.00%1.07%0.45%0.00%

Frequently Asked Questions

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.

UFO has higher volatility (19.92%) compared to ROKT (15.61%). In terms of maximum drawdown, ROKT dropped -43.16% vs UFO's -50.33%.

On 5-year performance, ROKT leads with 23.78% vs 12.88% for UFO. On fees, ROKT is cheaper at 0.45% per year. On volatility, ROKT has been the lower-risk option at 15.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ROKT has performed better with a 23.78% return vs 12.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

UFO has the higher dividend yield at 0.33%, compared with 0.29% for ROKT.

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 ProcureAM. Their fees differ too: 0.45% for ROKT and 0.75% for UFO.

ROKT currently has the higher Sharpe Ratio (2.99 vs 2.23), 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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