RONB vs. UFO
RONB (Baron First Principles ETF) and UFO (Procure Space ETF) are both exchange-traded funds - RONB is a Large Cap Growth Equities fund actively managed by Baron Capital, while UFO is a Global Equities fund tracking the S-Network Space Index. RONB is actively managed, while UFO is passively managed. Their 0.37 correlation means their historical movements had little consistent relationship. RONB charges 1.00%/yr vs 0.75%/yr for UFO.
Performance
RONB vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, RONB achieves a -16.11% return, which is significantly lower than UFO's 13.44% return.
RONB
- 1D
- -1.73%
- 1M
- -13.77%
- 6M
- -13.27%
- YTD
- -16.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.12M | $7.20M | $22.20M | |
| $22.27M | $25.83M | $70.04M |
RONB vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RONB Baron First Principles ETF | -16.11% | -0.76% |
UFO Procure Space ETF | 13.44% | 0.55% |
Correlation
The correlation between RONB and UFO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.37 |
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Return for Risk
RONB vs. UFO — Risk / Return Rank
RONB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UFO
RONB vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron First Principles ETF (RONB) 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.
| RONB | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.32 | — |
| Martin ratioReturn relative to average drawdown | — | 3.57 | — |
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Drawdowns
RONB vs. UFO - Drawdown Comparison
The maximum RONB drawdown since its inception was -19.37%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for RONB and UFO.
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Drawdown Indicators
| RONB | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.37% | -50.33% | +30.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.95% | — |
Current DrawdownCurrent decline from peak | -19.37% | -35.34% | +15.97% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -21.96% | +14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.52% | — |
Volatility
RONB vs. UFO - Volatility Comparison
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Volatility by Period
| RONB | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 41.75% | -20.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.04% | 30.89% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 31.24% | -10.20% |
RONB vs. UFO - Expense Ratio Comparison
RONB has a 1.00% expense ratio, which is higher than UFO's 0.75% expense ratio.
Dividends
RONB vs. UFO - Dividend Comparison
RONB 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 |
|---|---|---|---|---|---|---|---|---|
RONB Baron First Principles 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
RONB and UFO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UFO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UFO is cheaper with a 0.75% expense ratio, compared with 1.00% for RONB.
UFO has the higher dividend yield at 0.34%, compared with 0.00% for RONB.
RONB is categorized as Large Cap Growth Equities, while UFO is Global Equities. They also come from different issuers: Baron Capital and Procure. Their fees differ too: 1.00% for RONB and 0.75% for UFO.
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