UFO vs. FNGS

Last updated Jun 13, 2026

UFO (Procure Space ETF) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Both are passively managed. Over the past 5 years, UFO returned 13.50%/yr vs 19.76%/yr for FNGS. A 0.52 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 0.58%/yr for FNGS.

Performance

UFO vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and MicroSectors FANG+ ETN (FNGS). 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 FNGS's 6.79% return.

UFO

• 1D: -6.99%
• 1M: -6.10%
• YTD: 36.92%
• 6M: 37.68%
• 1Y: 104.39%
• 3Y*: 41.51%
• 5Y*: 13.50%
• 10Y*: —

FNGS

• 1D: -0.94%
• 1M: -3.20%
• YTD: 6.79%
• 6M: 4.25%
• 1Y: 17.02%
• 3Y*: 29.80%
• 5Y*: 19.76%
• 10Y*: —

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

UFO vs. FNGS - 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%	-0.98%
FNGS MicroSectors FANG+ ETN	6.79%	18.64%	51.99%	95.24%	-40.32%	16.96%	101.99%	10.10%

Correlation

The correlation between UFO and FNGS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019	0.52

The correlation between UFO and FNGS shifts across timeframes, from 0.42 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

UFO vs. FNGS - Sectors Allocation Comparison

Sectors	UFO	FNGS
Industrials	47.2%	-
Communication Services	30.8%	28.8%
Technology	22.0%	59.9%
Basic Materials	-	-
Consumer Cyclical	-	11.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	10.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UFO vs. FNGS — 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

FNGS

FNGS Risk / Return Rank: 23
FNGS Sharpe Ratio Rank: 25
FNGS Sortino Ratio Rank: 24
FNGS Omega Ratio Rank: 24
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 20

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. FNGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and MicroSectors FANG+ ETN (FNGS). 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	FNGS	Difference
Sharpe ratio: Return per unit of total volatility	2.58	0.79	+1.79
Sortino ratio: Return per unit of downside risk	3.06	1.19	+1.88
Omega ratio: Gain probability vs. loss probability	1.37	1.15	+0.22
Calmar ratio: Return relative to maximum drawdown	4.58	0.75	+3.83
Martin ratio: Return relative to average drawdown	14.05	2.12	+11.93

UFO vs. FNGS - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 2.58, which is higher than the FNGS Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of UFO and FNGS, 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. FNGS - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, roughly equal to the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for UFO and FNGS.

Drawdown Indicators

	UFO	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-48.98%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-22.94%	-22.93%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	-26.77%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	-48.98%	-1.35%
Current Drawdown Current decline from peak	-21.95%	-9.63%	-12.32%
Average Drawdown Average peak-to-trough decline	-21.80%	-10.85%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	8.05%	-0.59%

Volatility

UFO vs. FNGS - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 20.43% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.43%	8.74%	+11.69%
Volatility (6M) Calculated over the trailing 6-month period	34.11%	17.19%	+16.92%
Volatility (1Y) Calculated over the trailing 1-year period	40.69%	21.65%	+19.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.59%	30.10%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	31.17%	-0.01%

UFO vs. FNGS - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than FNGS's 0.58% expense ratio.

Dividends

UFO vs. FNGS - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.31%, while FNGS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.31%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both UFO and FNGS in my portfolio?

UFO and FNGS have a correlation of 0.42, 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 FNGS?

UFO has higher volatility (20.43%) compared to FNGS (8.74%). In terms of maximum drawdown, UFO dropped -50.33% vs FNGS's -48.98%.

Which ETF is better, UFO or FNGS?

On 5-year performance, FNGS leads with 19.76% vs 13.50% for UFO. On fees, FNGS is cheaper at 0.58% per year. On volatility, FNGS has been the lower-risk option at 8.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or FNGS?

Over the 5-year period, FNGS has performed better with a 19.76% 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 FNGS?

FNGS is cheaper with a 0.58% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.31%, compared with 0.00% for FNGS.

What is the main difference between UFO and FNGS?

UFO is categorized as Global Equities, while FNGS is Large Cap Growth Equities. UFO tracks S-Network Space Index, while FNGS tracks NYSE FANG+ Index. They also come from different issuers: ProcureAM and BMO. Their fees differ too: 0.75% for UFO and 0.58% for FNGS.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (2.58 vs 0.79), 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.