SPCE vs. UFO
SPCE (Virgin Galactic Holdings, Inc.) is a stock, while UFO (Procure Space ETF) is Global Equities fund tracking the S-Network Space Index. Over the past 5 years, SPCE returned -67.32%/yr vs 11.11%/yr for UFO. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SPCE vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, SPCE achieves a -6.54% return, which is significantly lower than UFO's 24.53% return.
SPCE
- 1D
- -5.96%
- 1M
- -7.41%
- YTD
- -6.54%
- 6M
- -14.77%
- 1Y
- 1.69%
- 3Y*
- -67.43%
- 5Y*
- -67.32%
- 10Y*
- —
UFO
- 1D
- -1.21%
- 1M
- -22.25%
- YTD
- 24.53%
- 6M
- 20.15%
- 1Y
- 76.34%
- 3Y*
- 39.04%
- 5Y*
- 11.11%
- 10Y*
- —
SPCE vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPCE Virgin Galactic Holdings, Inc. | -6.54% | -45.41% | -88.00% | -29.60% | -73.99% | -43.62% | 105.45% | -2.04% |
UFO Procure Space ETF | 24.53% | 67.36% | 27.22% | -2.34% | -25.85% | 7.17% | -2.15% | 1.76% |
Correlation
The correlation between SPCE and UFO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.59 |
The correlation between SPCE and UFO has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
SPCE vs. UFO — Risk / Return Rank
SPCE
UFO
SPCE vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virgin Galactic Holdings, Inc. (SPCE) 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.
| SPCE | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.64 | -2.62 |
| Martin ratioReturn relative to average drawdown | 0.05 | 9.06 | -9.00 |
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Drawdowns
SPCE vs. UFO - Drawdown Comparison
The maximum SPCE drawdown since its inception was -99.82%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for SPCE and UFO.
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Drawdown Indicators
| SPCE | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -50.33% | -49.49% |
Max Drawdown (1Y)Largest decline over 1 year | -60.11% | -29.02% | -31.09% |
Max Drawdown (3Y)Largest decline over 3 years | -97.71% | -29.02% | -68.69% |
Max Drawdown (5Y)Largest decline over 5 years | -99.81% | -50.33% | -49.48% |
Current DrawdownCurrent decline from peak | -99.75% | -29.02% | -70.73% |
Average DrawdownAverage peak-to-trough decline | -78.59% | -21.81% | -56.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.33% | 8.46% | +23.87% |
Volatility
SPCE vs. UFO - Volatility Comparison
Virgin Galactic Holdings, Inc. (SPCE) has a higher volatility of 85.71% compared to Procure Space ETF (UFO) at 19.63%. This indicates that SPCE'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.
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Volatility by Period
| SPCE | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 85.71% | 19.63% | +66.08% |
Volatility (6M)Calculated over the trailing 6-month period | 97.97% | 33.65% | +64.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.23% | 40.71% | +68.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.61% | 30.64% | +66.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.31% | 31.16% | +69.15% |
Dividends
SPCE vs. UFO - Dividend Comparison
SPCE 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 |
|---|---|---|---|---|---|---|---|---|
SPCE Virgin Galactic Holdings, Inc. | 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
SPCE and UFO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPCE has higher volatility (85.71%) compared to UFO (19.63%). In terms of maximum drawdown, SPCE dropped -99.82% vs UFO's -50.33%.
UFO currently has the higher Sharpe Ratio (1.89 vs 0.02), 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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