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UFO vs. INKM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UFO vs. INKM

Last updated Jun 4, 2026

UFO (Procure Space ETF) and INKM (SPDR SSgA Income Allocation ETF) are both Global Equities funds. UFO is passively managed, while INKM is actively managed. Over the past 5 years, UFO returned 15.60%/yr vs 3.96%/yr for INKM. A 0.63 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 0.50%/yr for INKM.

Performance

UFO vs. INKM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and SPDR SSgA Income Allocation ETF (INKM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UFO achieves a 49.39% return, which is significantly higher than INKM's 5.61% return.

UFO

1D
-5.68%
1M
12.53%
YTD
49.39%
6M
71.06%
1Y
135.88%
3Y*
46.01%
5Y*
15.60%
10Y*
—

INKM

1D
-0.29%
1M
0.93%
YTD
5.61%
6M
5.74%
1Y
13.00%
3Y*
10.04%
5Y*
3.96%
10Y*
5.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UFO vs. INKM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UFO
Procure Space ETF		49.39%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.34%
INKM
SPDR SSgA Income Allocation ETF		5.61%11.86%5.70%10.26%-12.58%8.52%3.11%7.76%

Correlation

The correlation between UFO and INKM 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 (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Apr 12, 2019

0.63

The correlation between UFO and INKM shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

UFO vs. INKM - Sectors Allocation Comparison

Sectors
UFO
INKM

Industrials

47.2%
14.6%

Communication Services

30.8%
6.2%

Technology

22.0%
13.2%

Basic Materials

-

1.4%

Consumer Cyclical

-

5.1%

Consumer Defensive

-

8.6%

Energy

-

11.1%

Financial Services

-

8.3%

Healthcare

-

6.8%

Real Estate

-

10.9%

Utilities

-

13.9%

Industrials

UFO
47.2%
INKM
14.6%

Communication Services

UFO
30.8%
INKM
6.2%

Technology

UFO
22.0%
INKM
13.2%

Basic Materials

UFO

-

INKM
1.4%

Consumer Cyclical

UFO

-

INKM
5.1%

Consumer Defensive

UFO

-

INKM
8.6%

Energy

UFO

-

INKM
11.1%

Financial Services

UFO

-

INKM
8.3%

Healthcare

UFO

-

INKM
6.8%

Real Estate

UFO

-

INKM
10.9%

Utilities

UFO

-

INKM
13.9%

Compare stocks, funds, or ETFs

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Procure Space ETF

SPDR SSgA Income Allocation ETF

Often compared with UFO:
UFO vs. ARKXUFO vs. ROKTUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. RCKTUFO vs. ITA
Often compared with INKM:
INKM vs. INCMINKM vs. GALINKM vs. AOAINKM vs. CEFSINKM vs. VOOINKM vs. SPHYINKM vs. DIVO

Return for Risk

UFO vs. INKM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UFO
UFO Risk / Return Rank: 8888
Overall Rank
UFO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
UFO Sortino Ratio Rank: 8686
Sortino Ratio Rank
UFO Omega Ratio Rank: 7878
Omega Ratio Rank
UFO Calmar Ratio Rank: 9292
Calmar Ratio Rank
UFO Martin Ratio Rank: 8989
Martin Ratio Rank
INKM
INKM Risk / Return Rank: 6565
Overall Rank
INKM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
INKM Sortino Ratio Rank: 6868
Sortino Ratio Rank
INKM Omega Ratio Rank: 6969
Omega Ratio Rank
INKM Calmar Ratio Rank: 5858
Calmar Ratio Rank
INKM Martin Ratio Rank: 6363
Martin Ratio Rank
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. INKM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and SPDR SSgA Income Allocation ETF (INKM). 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.

UFOINKMDifference
Sharpe ratioReturn per unit of total volatility
3.59
2.20

+1.40

Sortino ratioReturn per unit of downside risk
3.95
3.12

+0.83

Omega ratioGain probability vs. loss probability

1.48

1.42

+0.06

Calmar ratioReturn relative to maximum drawdown

6.23

2.87

+3.36

Martin ratioReturn relative to average drawdown

20.29

11.30

+8.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFO vs. INKM - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 3.59, which is higher than the INKM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of UFO and INKM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UFOINKMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.59

2.20

+1.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.48

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.57

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.57

-0.12

Drawdowns

UFO vs. INKM - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than INKM's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for UFO and INKM.

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Drawdown Indicators

UFOINKMDifference

Max Drawdown

Largest peak-to-trough decline

-50.33%

-28.58%

-21.75%

Max Drawdown (1Y)

Largest decline over 1 year

-21.95%

-4.55%

-17.40%

Max Drawdown (3Y)

Largest decline over 3 years

-25.91%

-9.25%

-16.66%

Max Drawdown (5Y)

Largest decline over 5 years

-50.33%

-19.18%

-31.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.58%

—

Current Drawdown

Current decline from peak

-14.84%

-0.33%

-14.51%

Average Drawdown

Average peak-to-trough decline

-21.82%

-3.69%

-18.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.72%

1.15%

+5.57%

Volatility

UFO vs. INKM - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 16.64% compared to SPDR SSgA Income Allocation ETF (INKM) at 1.67%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UFOINKMDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.64%

1.67%

+14.97%

Volatility (6M)

Calculated over the trailing 6-month period

31.27%

4.59%

+26.68%

Volatility (1Y)

Calculated over the trailing 1-year period

38.08%

5.95%

+32.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.92%

8.30%

+21.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.76%

9.78%

+20.98%

UFO vs. INKM - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than INKM's 0.50% expense ratio.

Dividends

UFO vs. INKM - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.29%, less than INKM's 4.86% yield.

PositionTTM20252024202320222021202020192018201720162015
INKM
SPDR SSgA Income Allocation ETF		4.86%5.82%4.83%4.56%5.03%3.74%3.88%4.38%4.08%3.10%3.39%3.45%
UFO
Procure Space ETF		0.29%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

UFO and INKM 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.

UFO has higher volatility (16.64%) compared to INKM (1.67%). In terms of maximum drawdown, UFO dropped -50.33% vs INKM's -28.58%.

On 5-year performance, UFO leads with 15.60% vs 3.96% for INKM. On fees, INKM is cheaper at 0.50% per year. On volatility, INKM has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, UFO has performed better with a 15.60% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

INKM is cheaper with a 0.50% expense ratio, compared with 0.75% for UFO.

INKM has the higher dividend yield at 4.86%, compared with 0.29% for UFO.

They also come from different issuers: ProcureAM and State Street. Their fees differ too: 0.75% for UFO and 0.50% for INKM.

UFO currently has the higher Sharpe Ratio (3.59 vs 2.20), 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.

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