UFO vs. DRNZ

Last updated Jun 24, 2026

UFO (Procure Space ETF) and DRNZ (REX Drone ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while DRNZ is a Aerospace & Defense fund tracking the VettaFi Drone Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 0.65%/yr for DRNZ.

Performance

UFO vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and REX Drone ETF (DRNZ). 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 DRNZ's 1.73% return.

UFO

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

DRNZ

• 1D: -2.51%
• 1M: -9.52%
• YTD: 1.73%
• 6M: -2.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFO vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
UFO Procure Space ETF	24.53%	1.89%
DRNZ REX Drone ETF	1.73%	-12.91%

Correlation

The correlation between UFO and DRNZ is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.78

Return for Risk

UFO vs. DRNZ — 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

DRNZ

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. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and REX Drone ETF (DRNZ). 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	DRNZ	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. DRNZ - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than DRNZ's maximum drawdown of -26.23%. Use the drawdown chart below to compare losses from any high point for UFO and DRNZ.

Drawdown Indicators

	UFO	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-26.23%	-24.10%
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%	-24.53%	-4.49%
Average Drawdown Average peak-to-trough decline	-21.81%	-12.05%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	—	—

Volatility

Volatility by Period

	UFO	DRNZ	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%	51.17%	-10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	51.17%	-20.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	51.17%	-20.01%

UFO vs. DRNZ - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

UFO vs. DRNZ - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, while DRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DRNZ REX Drone ETF	0.00%	0.00%	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 DRNZ in my portfolio?

UFO and DRNZ have a correlation of 0.78, 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 DRNZ?

On fees, DRNZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFO or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.34%, compared with 0.00% for DRNZ.

What is the main difference between UFO and DRNZ?

UFO is categorized as Global Equities, while DRNZ is Aerospace & Defense. UFO tracks S-Network Space Index, while DRNZ tracks VettaFi Drone Index. They also come from different issuers: ProcureAM and REX. Their fees differ too: 0.75% for UFO and 0.65% for DRNZ.