UFO vs. AVGO

Last updated Jun 4, 2026

UFO (Procure Space ETF) is Global Equities fund tracking the S-Network Space Index, while AVGO (Broadcom Inc.) is a stock. Over the past 5 years, UFO returned 15.60%/yr vs 61.98%/yr for AVGO. At a 0.45 correlation, their price movements are largely independent.

Performance

UFO vs. AVGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and Broadcom Inc. (AVGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFO achieves a 49.39% return, which is significantly higher than AVGO's 38.76% return.

UFO

• 1D: -5.68%
• 1M: 12.53%
• YTD: 49.39%
• 6M: 71.06%
• 1Y: 135.88%
• 3Y*: 46.01%
• 5Y*: 15.60%
• 10Y*: —

AVGO

• 1D: -0.49%
• 1M: 15.06%
• YTD: 38.76%
• 6M: 26.42%
• 1Y: 88.09%
• 3Y*: 83.13%
• 5Y*: 61.98%
• 10Y*: 43.87%

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

UFO vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	49.39%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.34%
AVGO Broadcom Inc.	38.76%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	5.12%

Correlation

The correlation between UFO and AVGO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019	0.45

The correlation between UFO and AVGO shifts across timeframes, from 0.34 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UFO vs. AVGO — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 88
UFO Sharpe Ratio Rank: 93
UFO Sortino Ratio Rank: 86
UFO Omega Ratio Rank: 78
UFO Calmar Ratio Rank: 92
UFO Martin Ratio Rank: 89

AVGO

AVGO Risk / Return Rank: 84
AVGO Sharpe Ratio Rank: 88
AVGO Sortino Ratio Rank: 85
AVGO Omega Ratio Rank: 83
AVGO Calmar Ratio Rank: 82
AVGO Martin Ratio Rank: 81

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. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and Broadcom Inc. (AVGO). 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.

	UFO	AVGO	Difference
Sharpe ratio: Return per unit of total volatility	3.59	2.07	+1.52
Sortino ratio: Return per unit of downside risk	3.95	2.74	+1.21
Omega ratio: Gain probability vs. loss probability	1.48	1.34	+0.13
Calmar ratio: Return relative to maximum drawdown	6.23	3.09	+3.14
Martin ratio: Return relative to average drawdown	20.29	7.42	+12.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFO vs. AVGO - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 3.59, which is higher than the AVGO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of UFO and AVGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UFO	AVGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	2.07	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.46	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.14	-0.68

Drawdowns

UFO vs. AVGO - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, roughly equal to the maximum AVGO drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for UFO and AVGO.

Drawdown Indicators

	UFO	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-48.30%	-2.03%
Max Drawdown (1Y) Largest decline over 1 year	-21.95%	-28.67%	+6.72%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	-41.15%	+15.24%
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	-41.15%	-9.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.30%	—
Current Drawdown Current decline from peak	-14.84%	-0.49%	-14.35%
Average Drawdown Average peak-to-trough decline	-21.82%	-7.97%	-13.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	11.91%	-5.19%

Volatility

UFO vs. AVGO - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 16.64% compared to Broadcom Inc. (AVGO) at 11.91%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	11.91%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	31.27%	30.70%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	42.95%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	42.78%	-12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.76%	39.18%	-8.42%

Dividends

UFO vs. AVGO - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.29%, less than AVGO's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.52%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
UFO Procure Space ETF	0.29%	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 AVGO in my portfolio?

UFO and AVGO have a correlation of 0.34, 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 AVGO?

UFO has higher volatility (16.64%) compared to AVGO (11.91%). In terms of maximum drawdown, UFO dropped -50.33% vs AVGO's -48.30%.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.59 vs 2.07), 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.