UFO vs. BDVL

Last updated Jun 24, 2026

UFO (Procure Space ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - UFO tracks the S-Network Space Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. At a 0.50 correlation, their price movements are largely independent. UFO charges 0.75%/yr vs 0.40%/yr for BDVL.

Performance

UFO vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFO achieves a 24.53% return, which is significantly higher than BDVL's 4.73% return.

UFO

• 1D: -1.21%
• 1M: -22.25%
• YTD: 24.53%
• 6M: 20.15%
• 1Y: 76.34%
• 3Y*: 39.04%
• 5Y*: 11.11%
• 10Y*: —

BDVL

• 1D: -0.97%
• 1M: -0.75%
• YTD: 4.73%
• 6M: 4.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFO vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
UFO Procure Space ETF	24.53%	12.92%
BDVL iShares Disciplined Volatility Equity Active ETF	4.73%	2.20%

Correlation

The correlation between UFO and BDVL is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.50

UFO vs. BDVL - Sectors Allocation Comparison

Sectors	UFO	BDVL
Industrials	52.2%	14.2%
Communication Services	28.6%	10.0%
Technology	19.3%	27.8%
Financial Services	0.0%	14.3%
Basic Materials	-	1.9%
Consumer Cyclical	-	6.9%
Consumer Defensive	-	5.3%
Energy	-	1.6%
Healthcare	-	8.3%
Real Estate	-	0.9%
Utilities	-	4.5%

Return for Risk

UFO vs. BDVL — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 54
UFO Sharpe Ratio Rank: 59
UFO Sortino Ratio Rank: 53
UFO Omega Ratio Rank: 48
UFO Calmar Ratio Rank: 56
UFO Martin Ratio Rank: 54

BDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.47	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.64	—	—
Martin ratio: Return relative to average drawdown	9.06	—	—

Drawdowns

UFO vs. BDVL - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for UFO and BDVL.

Drawdown Indicators

	UFO	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-7.71%	-42.62%
Max Drawdown (1Y) Largest decline over 1 year	-29.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	—	—
Current Drawdown Current decline from peak	-29.02%	-1.41%	-27.61%
Average Drawdown Average peak-to-trough decline	-21.81%	-1.18%	-20.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	—	—

Volatility

Volatility by Period

	UFO	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.71%	9.71%	+31.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	9.71%	+20.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	9.71%	+21.45%

UFO vs. BDVL - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

UFO vs. BDVL - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, less than BDVL's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BDVL iShares Disciplined Volatility Equity Active ETF	3.56%	2.79%	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

Can I hold both UFO and BDVL in my portfolio?

UFO and BDVL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UFO or BDVL?

On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFO or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.75% for UFO.

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

BDVL has the higher dividend yield at 3.56%, compared with 0.34% for UFO.

What is the main difference between UFO and BDVL?

UFO tracks S-Network Space Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: ProcureAM and iShares. Their fees differ too: 0.75% for UFO and 0.40% for BDVL.