UFO vs. ACWV

Last updated Jul 17, 2026

UFO (Procure Space ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds - UFO tracks the S-Network Space Index while ACWV tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 5 years, UFO returned 10.29%/yr vs 5.48%/yr for ACWV. A 0.51 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 0.20%/yr for ACWV.

Performance

UFO vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFO achieves a 13.16% return, which is significantly higher than ACWV's 3.64% return.

UFO

• 1D: -3.72%
• 1M: -14.71%
• 6M: -4.90%
• YTD: 13.16%
• 1Y: 43.87%
• 3Y*: 32.66%
• 5Y*: 10.29%
• 10Y*: —

ACWV

• 1D: 0.82%
• 1M: 0.81%
• 6M: 2.67%
• YTD: 3.64%
• 1Y: 6.12%
• 3Y*: 9.83%
• 5Y*: 5.48%
• 10Y*: 6.99%

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

UFO vs. ACWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	13.16%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%
ACWV iShares MSCI Global Min Vol Factor ETF	3.64%	11.04%	11.38%	8.23%	-10.36%	13.97%	3.04%	10.10%

Correlation

The correlation between UFO and ACWV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.51

The correlation between UFO and ACWV shifts across timeframes, from 0.32 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

UFO vs. ACWV - Sectors Allocation Comparison

Sectors	UFO	ACWV
Industrials	52.2%	8.1%
Communication Services	28.6%	11.9%
Technology	19.3%	25.8%
Financial Services	0.0%	13.2%
Basic Materials	-	1.5%
Consumer Cyclical	-	5.1%
Consumer Defensive	-	9.8%
Energy	-	3.7%
Healthcare	-	13.0%
Real Estate	-	0.6%
Utilities	-	7.3%

Return for Risk

UFO vs. ACWV — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 34
UFO Sharpe Ratio Rank: 35
UFO Sortino Ratio Rank: 37
UFO Omega Ratio Rank: 33
UFO Calmar Ratio Rank: 30
UFO Martin Ratio Rank: 33

ACWV

ACWV Risk / Return Rank: 25
ACWV Sharpe Ratio Rank: 25
ACWV Sortino Ratio Rank: 24
ACWV Omega Ratio Rank: 24
ACWV Calmar Ratio Rank: 25
ACWV Martin Ratio Rank: 26

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.

UFO vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.

	UFO	ACWV	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.77	+0.29
Sortino ratio: Return per unit of downside risk	1.65	1.14	+0.51
Omega ratio: Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio: Return relative to maximum drawdown	1.24	0.97	+0.28
Martin ratio: Return relative to average drawdown	3.88	2.75	+1.13

UFO vs. ACWV - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 1.05, which is higher than the ACWV Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of UFO and ACWV, 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

UFO vs. ACWV - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than ACWV's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for UFO and ACWV.

Drawdown Indicators

	UFO	ACWV	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-28.82%	-21.51%
Max Drawdown (1Y) Largest decline over 1 year	-35.50%	-6.37%	-29.13%
Max Drawdown (3Y) Largest decline over 3 years	-35.50%	-7.56%	-27.94%
Max Drawdown (5Y) Largest decline over 5 years	-49.95%	-18.14%	-31.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-35.50%	-1.70%	-33.80%
Average Drawdown Average peak-to-trough decline	-21.88%	-3.11%	-18.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.35%	2.23%	+9.12%

Volatility

UFO vs. ACWV - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 11.09% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 3.29%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	ACWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.09%	3.29%	+7.80%
Volatility (6M) Calculated over the trailing 6-month period	33.46%	6.28%	+27.18%
Volatility (1Y) Calculated over the trailing 1-year period	41.87%	8.05%	+33.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.90%	10.28%	+20.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.28%	12.29%	+18.99%

UFO vs. ACWV - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than ACWV's 0.20% expense ratio.

Dividends

UFO vs. ACWV - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, less than ACWV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	1.94%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
UFO Procure Space ETF	0.34%	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 UFO and ACWV in my portfolio?

UFO and ACWV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFO or ACWV?

UFO has higher volatility (11.09%) compared to ACWV (3.29%). In terms of maximum drawdown, UFO dropped -50.33% vs ACWV's -28.82%.

Which ETF is better, UFO or ACWV?

On 5-year performance, UFO leads with 10.29% vs 5.48% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or ACWV?

Over the 5-year period, UFO has performed better with a 10.29% return vs 5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or ACWV?

ACWV is cheaper with a 0.20% expense ratio, compared with 0.75% for UFO.

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

ACWV has the higher dividend yield at 1.94%, compared with 0.34% for UFO.

What is the main difference between UFO and ACWV?

UFO tracks S-Network Space Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: ProcureAM and iShares. Their fees differ too: 0.75% for UFO and 0.20% for ACWV.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (1.05 vs 0.77), 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.