UFO vs. AVGO
Compare and contrast key facts about Procure Space ETF (UFO) and Broadcom Inc. (AVGO).
UFO is a passively managed fund by ProcureAM that tracks the performance of the S-Network Space Index. It was launched on Apr 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UFO or AVGO.
Key characteristics
| UFO | AVGO | |
|---|---|---|
| YTD Return | 18.15% | 57.18% |
| 1Y Return | 38.28% | 81.15% |
| 3Y Return (Ann) | -8.79% | 49.18% |
| 5Y Return (Ann) | -1.67% | 45.30% |
| Sharpe Ratio | 1.65 | 1.88 |
| Sortino Ratio | 2.45 | 2.52 |
| Omega Ratio | 1.28 | 1.32 |
| Calmar Ratio | 0.86 | 3.41 |
| Martin Ratio | 4.50 | 10.40 |
| Ulcer Index | 9.57% | 8.28% |
| Daily Std Dev | 26.02% | 45.84% |
| Max Drawdown | -50.33% | -48.30% |
| Current Drawdown | -27.26% | -6.65% |
Correlation
The correlation between UFO and AVGO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UFO vs. AVGO - Performance Comparison
In the year-to-date period, UFO achieves a 18.15% return, which is significantly lower than AVGO's 57.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
UFO vs. AVGO - Risk-Adjusted Performance 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.
Dividends
UFO vs. AVGO - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 1.22%, which matches AVGO's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 1.22% | 1.90% | 3.19% | 1.00% | 1.07% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AVGO Broadcom Inc. | 1.21% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% | 1.22% | 1.66% |
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. For additional features, visit the drawdowns tool.
Volatility
UFO vs. AVGO - Volatility Comparison
The current volatility for Procure Space ETF (UFO) is 8.49%, while Broadcom Inc. (AVGO) has a volatility of 9.93%. This indicates that UFO experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.