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UFO vs. ITA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UFO vs. ITA

Last updated Aug 2, 2026
Documentation

UFO (Procure Space ETF) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past 5 years, UFO returned 9.89%/yr vs 18.23%/yr for ITA. Their 0.65 correlation means they have sometimes moved together and sometimes differently. UFO charges 0.75%/yr vs 0.38%/yr for ITA.

Performance

UFO vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, UFO achieves a 13.44% return, which is significantly higher than ITA's 11.78% return.

UFO

1D
-0.07%
1M
-13.58%
6M
-3.51%
YTD
13.44%
1Y
49.19%
3Y*
31.94%
5Y*
9.89%
10Y*
—
ALL TIME*
9.48%

ITA

1D
0.64%
1M
-3.44%
6M
3.27%
YTD
11.78%
1Y
23.04%
3Y*
27.67%
5Y*
18.23%
10Y*
15.16%
ALL TIME*
12.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ITA

iShares U.S. Aerospace & Defense ETF
$175.85M$163.51M$181.04M

UFO

Procure Space ETF
$22.27M$25.83M$70.04M

UFO vs. ITA - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UFO
Procure Space ETF		13.44%67.36%27.22%-2.34%-25.85%7.17%-2.15%5.66%
ITA
iShares U.S. Aerospace & Defense ETF		11.78%48.64%15.81%14.33%9.96%9.39%-13.57%12.89%

Correlation

The correlation between UFO and ITA is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.63

Correlation (3Y)
Balances recent behavior with more history.

0.56

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.62

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2019

0.65

The correlation between UFO and ITA has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

UFO vs. ITA - Sectors Allocation Comparison

Sectors
UFO
ITA

Industrials

48.9%
97.7%

Communication Services

28.8%

-

Technology

20.8%
0.1%

Financial Services

0.0%

-

Basic Materials

-

2.1%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Industrials

UFO
48.9%
ITA
97.7%

Communication Services

UFO
28.8%
ITA

-

Technology

UFO
20.8%
ITA
0.1%

Financial Services

UFO
0.0%
ITA

-

Basic Materials

UFO

-

ITA
2.1%

Consumer Cyclical

UFO

-

ITA

-

Consumer Defensive

UFO

-

ITA

-

Energy

UFO

-

ITA

-

Healthcare

UFO

-

ITA

-

Real Estate

UFO

-

ITA

-

Utilities

UFO

-

ITA

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Procure Space ETF

iShares U.S. Aerospace & Defense ETF

Often compared with UFO:
UFO vs. ARKXUFO vs. ROKTUFO vs. XARUFO vs. JEDIUFO vs. RKLBUFO vs. RCKTUFO vs. JEDI.DE
Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. XLI

Return for Risk

UFO vs. ITA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
UFO
UFO Risk / Return Rank: 4343
Overall Rank
UFO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
UFO Sortino Ratio Rank: 4949
Sortino Ratio Rank
UFO Omega Ratio Rank: 4444
Omega Ratio Rank
UFO Calmar Ratio Rank: 3838
Calmar Ratio Rank
UFO Martin Ratio Rank: 3636
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 4040
Overall Rank
ITA Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4242
Sortino Ratio Rank
ITA Omega Ratio Rank: 3838
Omega Ratio Rank
ITA Calmar Ratio Rank: 4141
Calmar Ratio Rank
ITA Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UFO vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares U.S. Aerospace & Defense ETF (ITA). 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.

UFOITADifference
Sharpe ratioReturn per unit of total volatility
1.16
1.01

+0.15

Sortino ratioReturn per unit of downside risk
1.76
1.54

+0.23

Omega ratioGain probability vs. loss probability

1.20

1.18

+0.02

Calmar ratioReturn relative to maximum drawdown

1.32

1.43

-0.11

Martin ratioReturn relative to average drawdown

3.57

3.61

-0.04

UFO vs. ITA - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 1.16, which is comparable to the ITA Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of UFO and ITA, 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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Drawdowns

UFO vs. ITA - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for UFO and ITA.

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Drawdown Indicators

UFOITADifference

Max Drawdown

Largest peak-to-trough decline

-50.33%

-59.72%

+9.39%

Max Drawdown (1Y)

Largest decline over 1 year

-36.71%

-15.82%

-20.89%

Max Drawdown (3Y)

Largest decline over 3 years

-36.71%

-15.82%

-20.89%

Max Drawdown (5Y)

Largest decline over 5 years

-49.95%

-18.72%

-31.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.00%

—

Current Drawdown

Current decline from peak

-35.34%

-4.43%

-30.91%

Average Drawdown

Average peak-to-trough decline

-21.96%

-9.42%

-12.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.52%

6.25%

+7.27%

Volatility

UFO vs. ITA - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 7.93% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 7.29%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UFOITADifference

Volatility (1M)

Calculated over the trailing 1-month period

7.93%

7.29%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

32.78%

18.29%

+14.49%

Volatility (1Y)

Calculated over the trailing 1-year period

41.75%

22.49%

+19.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.89%

20.25%

+10.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.24%

23.29%

+7.95%

UFO vs. ITA - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than ITA's 0.38% expense ratio.

Dividends

UFO vs. ITA - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, less than ITA's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
ITA
iShares U.S. Aerospace & Defense ETF		0.44%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%
UFO
Procure Space ETF		0.34%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 ITA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UFO has higher volatility (7.93%) compared to ITA (7.29%). In terms of maximum drawdown, UFO dropped -50.33% vs ITA's -59.72%.

On 5-year performance, ITA leads with 18.23% vs 9.89% for UFO. On fees, ITA is cheaper at 0.38% per year. On volatility, ITA has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ITA has performed better with a 18.23% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ITA is cheaper with a 0.38% expense ratio, compared with 0.75% for UFO.

ITA has the higher dividend yield at 0.44%, compared with 0.34% for UFO.

UFO is categorized as Global Equities, while ITA is Aerospace & Defense. UFO tracks S-Network Space Index, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. They also come from different issuers: Procure and iShares. Their fees differ too: 0.75% for UFO and 0.38% for ITA.

UFO currently has the higher Sharpe Ratio (1.16 vs 1.01), 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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