UFO vs. BOAT

Last updated Aug 6, 2026

UFO (Procure Space ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 5 years, UFO returned 10.93%/yr vs 24.02%/yr for BOAT. Their 0.32 correlation means their historical movements had little consistent relationship. UFO charges 0.75%/yr vs 0.69%/yr for BOAT.

Performance

UFO vs. BOAT - Performance Comparison

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

Returns By Period

In the year-to-date period, UFO achieves a 20.70% return, which is significantly lower than BOAT's 42.13% return.

UFO

• 1D: -2.06%
• 1M: -7.39%
• 6M: 7.29%
• YTD: 20.70%
• 1Y: 54.34%
• 3Y*: 35.24%
• 5Y*: 10.93%
• 10Y*: —
• ALL TIME*: 10.39%

BOAT

• 1D: -1.60%
• 1M: 8.65%
• 6M: 25.47%
• YTD: 42.13%
• 1Y: 50.36%
• 3Y*: 26.08%
• 5Y*: 24.02%
• 10Y*: —
• ALL TIME*: 24.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOAT SonicShares Global Shipping ETF	$1.73M	$1.10M	$1.06M
UFO Procure Space ETF	$24.42M	$26.49M	$69.76M

UFO vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UFO Procure Space ETF	20.70%	67.36%	27.22%	-2.34%	-25.85%	-8.69%
BOAT SonicShares Global Shipping ETF	42.13%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between UFO and BOAT is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.32

The correlation between UFO and BOAT shifts across timeframes, from 0.21 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

UFO vs. BOAT - Sectors Allocation Comparison

Sectors	UFO	BOAT
Industrials	48.9%	29.2%
Communication Services	28.8%	-
Technology	20.8%	-
Financial Services	0.0%	6.6%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	10.3%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UFO vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UFO

UFO Risk / Return Rank: 41
UFO Sharpe Ratio Rank: 45
UFO Sortino Ratio Rank: 46
UFO Omega Ratio Rank: 41
UFO Calmar Ratio Rank: 37
UFO Martin Ratio Rank: 35

BOAT

BOAT Risk / Return Rank: 87
BOAT Sharpe Ratio Rank: 90
BOAT Sortino Ratio Rank: 88
BOAT Omega Ratio Rank: 84
BOAT Calmar Ratio Rank: 91
BOAT Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UFO vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and SonicShares Global Shipping ETF (BOAT). 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	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.46	-1.16
Sortino ratio: Return per unit of downside risk	1.91	3.26	-1.35
Omega ratio: Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio: Return relative to maximum drawdown	1.49	4.36	-2.87
Martin ratio: Return relative to average drawdown	3.91	12.30	-8.39

UFO vs. BOAT - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 1.30, which is lower than the BOAT Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of UFO and BOAT, 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. BOAT - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for UFO and BOAT.

Drawdown Indicators

	UFO	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-33.94%	-16.39%
Max Drawdown (1Y) Largest decline over 1 year	-36.71%	-11.60%	-25.11%
Max Drawdown (3Y) Largest decline over 3 years	-36.71%	-33.94%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-49.95%	-33.94%	-16.01%
Current Drawdown Current decline from peak	-31.20%	-2.56%	-28.64%
Average Drawdown Average peak-to-trough decline	-21.98%	-9.49%	-12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.95%	4.11%	+9.84%

Volatility

UFO vs. BOAT - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 9.83% compared to SonicShares Global Shipping ETF (BOAT) at 6.75%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	6.75%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	33.03%	16.96%	+16.07%
Volatility (1Y) Calculated over the trailing 1-year period	42.13%	20.71%	+21.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.03%	25.03%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.30%	25.06%	+6.24%

UFO vs. BOAT - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

UFO vs. BOAT - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.32%, less than BOAT's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BOAT SonicShares Global Shipping ETF	6.47%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%
UFO Procure Space ETF	0.32%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both UFO and BOAT in my portfolio?

UFO and BOAT have a correlation of 0.21, 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 BOAT?

UFO has higher volatility (9.83%) compared to BOAT (6.75%). In terms of maximum drawdown, UFO dropped -50.33% vs BOAT's -33.94%.

Which ETF is better, UFO or BOAT?

On 5-year performance, BOAT leads with 24.02% vs 10.93% for UFO. On fees, BOAT is cheaper at 0.69% per year. On volatility, BOAT has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or BOAT?

Over the 5-year period, BOAT has performed better with a 24.02% return vs 10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 0.75% for UFO.

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

BOAT has the higher dividend yield at 6.47%, compared with 0.32% for UFO.

What is the main difference between UFO and BOAT?

UFO is categorized as Global Equities, while BOAT is Industrials Equities. UFO tracks S-Network Space Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: Procure and Tidal. Their fees differ too: 0.75% for UFO and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.46 vs 1.30), 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.