UFO vs. IBIT

Last updated Jun 13, 2026

UFO (Procure Space ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, UFO returned 104.39% vs -40.63% for IBIT. At a 0.37 correlation, their price movements are largely independent. UFO charges 0.75%/yr vs 0.25%/yr for IBIT.

Performance

UFO vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and iShares Bitcoin Trust ETF (IBIT). 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 IBIT's -27.41% return.

UFO

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

IBIT

• 1D: -0.03%
• 1M: -20.12%
• YTD: -27.41%
• 6M: -29.61%
• 1Y: -40.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFO vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UFO Procure Space ETF	36.92%	67.36%	30.44%
IBIT iShares Bitcoin Trust ETF	-27.41%	-6.41%	89.87%

Correlation

The correlation between UFO and IBIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.37

Return for Risk

UFO vs. IBIT — 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

IBIT

IBIT Risk / Return Rank: 3
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 3
IBIT Omega Ratio Rank: 3
IBIT Calmar Ratio Rank: 3
IBIT Martin Ratio Rank: 2

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. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares Bitcoin Trust ETF (IBIT). 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	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.58	-0.92	+3.50
Sortino ratio: Return per unit of downside risk	3.06	-1.30	+4.37
Omega ratio: Gain probability vs. loss probability	1.37	0.85	+0.52
Calmar ratio: Return relative to maximum drawdown	4.58	-0.78	+5.36
Martin ratio: Return relative to average drawdown	14.05	-1.37	+15.42

UFO vs. IBIT - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 2.58, which is higher than the IBIT Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of UFO and IBIT, 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. IBIT - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, roughly equal to the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for UFO and IBIT.

Drawdown Indicators

	UFO	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-52.11%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-22.94%	-52.11%	+29.17%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	—	—
Current Drawdown Current decline from peak	-21.95%	-49.45%	+27.50%
Average Drawdown Average peak-to-trough decline	-21.80%	-16.53%	-5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	29.64%	-22.18%

Volatility

UFO vs. IBIT - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 20.43% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.43%	12.07%	+8.36%
Volatility (6M) Calculated over the trailing 6-month period	34.11%	34.45%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	40.69%	44.10%	-3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.59%	50.26%	-19.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	50.26%	-19.10%

UFO vs. IBIT - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

UFO vs. IBIT - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBIT iShares Bitcoin Trust ETF	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 IBIT in my portfolio?

UFO and IBIT have a correlation of 0.45, 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 IBIT?

UFO has higher volatility (20.43%) compared to IBIT (12.07%). In terms of maximum drawdown, UFO dropped -50.33% vs IBIT's -52.11%.

Which ETF is better, UFO or IBIT?

On 1-year performance, UFO leads with 104.39% vs -40.63% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or IBIT?

Over the 1-year period, UFO has performed better with a 104.39% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.75% for UFO.

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

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

What is the main difference between UFO and IBIT?

UFO is categorized as Global Equities, while IBIT is Cryptocurrency. UFO tracks S-Network Space Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: ProcureAM and iShares. Their fees differ too: 0.75% for UFO and 0.25% for IBIT.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (2.58 vs -0.92), 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.