UFO vs. FZROX
Compare and contrast key facts about Procure Space ETF (UFO) and Fidelity ZERO Total Market Index Fund (FZROX).
UFO is a passively managed fund by ProcureAM that tracks the performance of the S-Network Space Index. It was launched on Apr 11, 2019. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UFO or FZROX.
Key characteristics
| UFO | FZROX | |
|---|---|---|
| YTD Return | 12.45% | 26.41% |
| 1Y Return | 36.22% | 40.58% |
| 3Y Return (Ann) | -10.59% | 9.00% |
| 5Y Return (Ann) | -3.30% | 15.47% |
| Sharpe Ratio | 1.45 | 3.09 |
| Sortino Ratio | 2.18 | 4.11 |
| Omega Ratio | 1.25 | 1.57 |
| Calmar Ratio | 0.73 | 4.45 |
| Martin Ratio | 3.83 | 20.14 |
| Ulcer Index | 9.57% | 1.96% |
| Daily Std Dev | 25.35% | 12.76% |
| Max Drawdown | -50.33% | -34.96% |
| Current Drawdown | -30.76% | 0.00% |
Correlation
The correlation between UFO and FZROX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UFO vs. FZROX - Performance Comparison
In the year-to-date period, UFO achieves a 12.45% return, which is significantly lower than FZROX's 26.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UFO vs. FZROX - Expense Ratio Comparison
UFO has a 0.75% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
UFO vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
Dividends
UFO vs. FZROX - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 1.28%, more than FZROX's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 1.28% | 1.90% | 3.19% | 1.00% | 1.07% | 0.44% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
UFO vs. FZROX - Drawdown Comparison
The maximum UFO drawdown since its inception was -50.33%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for UFO and FZROX. For additional features, visit the drawdowns tool.
Volatility
UFO vs. FZROX - Volatility Comparison
Procure Space ETF (UFO) has a higher volatility of 6.40% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.06%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.