UFO vs. EPU

Last updated Jun 14, 2026

UFO (Procure Space ETF) and EPU (iShares MSCI Peru ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index. Both are passively managed. Over the past 5 years, UFO returned 13.50%/yr vs 28.15%/yr for EPU. At a 0.46 correlation, their price movements are largely independent. UFO charges 0.75%/yr vs 0.59%/yr for EPU.

Performance

UFO vs. EPU - Performance Comparison

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

Returns By Period

In the year-to-date period, UFO achieves a 36.92% return, which is significantly higher than EPU's 21.02% return.

UFO

• 1D: -6.99%
• 1M: -8.71%
• YTD: 36.92%
• 6M: 37.68%
• 1Y: 105.58%
• 3Y*: 41.51%
• 5Y*: 13.50%
• 10Y*: —

EPU

• 1D: 2.12%
• 1M: 4.37%
• YTD: 21.02%
• 6M: 26.87%
• 1Y: 85.51%
• 3Y*: 46.38%
• 5Y*: 28.15%
• 10Y*: 15.16%

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

UFO vs. EPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	36.92%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%
EPU iShares MSCI Peru ETF	21.02%	86.87%	21.73%	25.34%	2.05%	-11.81%	-4.31%	-3.56%

Correlation

The correlation between UFO and EPU is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.46

UFO vs. EPU - Sectors Allocation Comparison

Sectors	UFO	EPU
Industrials	45.8%	2.6%
Technology	27.8%	-
Communication Services	24.5%	1.5%
Financial Services	0.0%	27.9%
Basic Materials	-	54.2%
Consumer Cyclical	-	4.1%
Consumer Defensive	-	3.0%
Energy	-	-
Healthcare	-	0.9%
Real Estate	-	3.0%
Utilities	-	2.8%

Return for Risk

UFO vs. EPU — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 83
UFO Sharpe Ratio Rank: 89
UFO Sortino Ratio Rank: 80
UFO Omega Ratio Rank: 73
UFO Calmar Ratio Rank: 89
UFO Martin Ratio Rank: 82

EPU

EPU Risk / Return Rank: 82
EPU Sharpe Ratio Rank: 91
EPU Sortino Ratio Rank: 81
EPU Omega Ratio Rank: 83
EPU Calmar Ratio Rank: 85
EPU Martin Ratio Rank: 72

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. EPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares MSCI Peru ETF (EPU). 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	EPU	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.73	-0.15
Sortino ratio: Return per unit of downside risk	3.06	3.14	-0.08
Omega ratio: Gain probability vs. loss probability	1.37	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	4.58	4.07	+0.51
Martin ratio: Return relative to average drawdown	14.05	11.73	+2.31

UFO vs. EPU - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 2.58, which is comparable to the EPU Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of UFO and EPU, 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. EPU - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for UFO and EPU.

Drawdown Indicators

	UFO	EPU	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-60.62%	+10.29%
Max Drawdown (1Y) Largest decline over 1 year	-22.94%	-20.85%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	-20.85%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	-35.59%	-14.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.97%	—
Current Drawdown Current decline from peak	-21.95%	-6.69%	-15.26%
Average Drawdown Average peak-to-trough decline	-21.80%	-18.81%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	7.22%	+0.24%

Volatility

UFO vs. EPU - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 20.43% compared to iShares MSCI Peru ETF (EPU) at 13.52%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	EPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.43%	13.52%	+6.91%
Volatility (6M) Calculated over the trailing 6-month period	34.11%	26.94%	+7.17%
Volatility (1Y) Calculated over the trailing 1-year period	40.69%	31.04%	+9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.59%	25.11%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	23.64%	+7.52%

UFO vs. EPU - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than EPU's 0.59% expense ratio.

Dividends

UFO vs. EPU - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.31%, less than EPU's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPU iShares MSCI Peru ETF	1.35%	1.63%	5.78%	4.17%	5.56%	3.13%	1.91%	2.67%	1.53%	3.30%	0.85%	1.90%
UFO Procure Space ETF	0.31%	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 EPU in my portfolio?

UFO and EPU have a correlation of 0.48, 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 EPU?

UFO has higher volatility (20.43%) compared to EPU (13.52%). In terms of maximum drawdown, UFO dropped -50.33% vs EPU's -60.62%.

Which ETF is better, UFO or EPU?

On 5-year performance, EPU leads with 28.15% vs 13.50% for UFO. On fees, EPU is cheaper at 0.59% per year. On volatility, EPU has been the lower-risk option at 13.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or EPU?

Over the 5-year period, EPU has performed better with a 28.15% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or EPU?

EPU is cheaper with a 0.59% expense ratio, compared with 0.75% for UFO.

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

EPU has the higher dividend yield at 1.35%, compared with 0.31% for UFO.

What is the main difference between UFO and EPU?

UFO is categorized as Global Equities, while EPU is Mid Cap Blend Equities. UFO tracks S-Network Space Index, while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: ProcureAM and iShares. Their fees differ too: 0.75% for UFO and 0.59% for EPU.

Which has better risk-adjusted returns?

EPU currently has the higher Sharpe Ratio (2.73 vs 2.58), 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.