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.
Correlation
The correlation between UFO and FZROX is 0.95, 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
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Key characteristics
UFO:
18.50%
FZROX:
13.09%
UFO:
-0.83%
FZROX:
-0.82%
UFO:
-0.73%
FZROX:
0.00%
Returns By Period
UFO
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FZROX
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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 Rank
UFO
FZROX
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.
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Dividends
UFO vs. FZROX - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 2.05%, more than FZROX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UFO vs. FZROX - Drawdown Comparison
The maximum UFO drawdown since its inception was -0.83%, roughly equal to the maximum FZROX drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for UFO and FZROX. For additional features, visit the drawdowns tool.
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Volatility
UFO vs. FZROX - Volatility Comparison
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