UFO vs. ROKT

Last updated Jun 23, 2026

UFO (Procure Space ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index. Both are passively managed. Over the past 5 years, UFO returned 11.40%/yr vs 22.83%/yr for ROKT. Their correlation of 0.83 suggests significant overlap in exposure. UFO charges 0.75%/yr vs 0.45%/yr for ROKT.

Performance

UFO vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFO achieves a 26.05% return, which is significantly lower than ROKT's 35.59% return.

UFO

• 1D: -3.08%
• 1M: -21.29%
• YTD: 26.05%
• 6M: 20.52%
• 1Y: 82.42%
• 3Y*: 39.60%
• 5Y*: 11.40%
• 10Y*: —

ROKT

• 1D: -1.94%
• 1M: -8.05%
• YTD: 35.59%
• 6M: 31.63%
• 1Y: 88.44%
• 3Y*: 40.42%
• 5Y*: 22.83%
• 10Y*: —

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

UFO vs. ROKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	26.05%	67.36%	27.22%	-2.34%	-25.85%	7.17%	-2.15%	5.66%
ROKT SPDR S&P Kensho Final Frontiers ETF	35.59%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	18.28%

Correlation

The correlation between UFO and ROKT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.83

The correlation between UFO and ROKT has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

UFO vs. ROKT - Sectors Allocation Comparison

Sectors	UFO	ROKT
Industrials	52.2%	68.4%
Communication Services	28.6%	5.8%
Technology	19.3%	20.1%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	5.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UFO vs. ROKT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UFO

UFO Risk / Return Rank: 58
UFO Sharpe Ratio Rank: 64
UFO Sortino Ratio Rank: 56
UFO Omega Ratio Rank: 51
UFO Calmar Ratio Rank: 61
UFO Martin Ratio Rank: 58

ROKT

ROKT Risk / Return Rank: 86
ROKT Sharpe Ratio Rank: 89
ROKT Sortino Ratio Rank: 82
ROKT Omega Ratio Rank: 77
ROKT Calmar Ratio Rank: 92
ROKT Martin Ratio Rank: 92

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. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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	ROKT	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.85	-0.82
Sortino ratio: Return per unit of downside risk	2.61	3.47	-0.87
Omega ratio: Gain probability vs. loss probability	1.31	1.44	-0.13
Calmar ratio: Return relative to maximum drawdown	2.94	5.68	-2.74
Martin ratio: Return relative to average drawdown	10.01	21.13	-11.11

UFO vs. ROKT - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 2.04, which is comparable to the ROKT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of UFO and ROKT, 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. ROKT - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than ROKT's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for UFO and ROKT.

Drawdown Indicators

	UFO	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-43.16%	-7.17%
Max Drawdown (1Y) Largest decline over 1 year	-28.15%	-15.64%	-12.51%
Max Drawdown (3Y) Largest decline over 3 years	-28.15%	-23.46%	-4.69%
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	-23.46%	-26.87%
Current Drawdown Current decline from peak	-28.15%	-15.64%	-12.51%
Average Drawdown Average peak-to-trough decline	-21.81%	-6.79%	-15.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.26%	4.20%	+4.06%

Volatility

UFO vs. ROKT - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 19.66% compared to SPDR S&P Kensho Final Frontiers ETF (ROKT) at 15.53%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than ROKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.66%	15.53%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	33.68%	26.89%	+6.79%
Volatility (1Y) Calculated over the trailing 1-year period	40.77%	31.22%	+9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.63%	23.36%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	25.41%	+5.75%

UFO vs. ROKT - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than ROKT's 0.45% expense ratio.

Dividends

UFO vs. ROKT - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, more than ROKT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ROKT SPDR S&P Kensho Final Frontiers ETF	0.33%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%
UFO Procure Space ETF	0.34%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%	0.00%

Frequently Asked Questions

Can I hold both UFO and ROKT in my portfolio?

With a correlation of 0.93, UFO and ROKT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UFO or ROKT?

UFO has higher volatility (19.66%) compared to ROKT (15.53%). In terms of maximum drawdown, UFO dropped -50.33% vs ROKT's -43.16%.

Which ETF is better, UFO or ROKT?

On 5-year performance, ROKT leads with 22.83% vs 11.40% for UFO. On fees, ROKT is cheaper at 0.45% per year. On volatility, ROKT has been the lower-risk option at 15.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or ROKT?

Over the 5-year period, ROKT has performed better with a 22.83% return vs 11.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or ROKT?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.75% for UFO.

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

UFO and ROKT have nearly identical dividend yields, around 0.34%.

What is the main difference between UFO and ROKT?

UFO is categorized as Global Equities, while ROKT is Industrials Equities. UFO tracks S-Network Space Index, while ROKT tracks S&P Kensho Final Frontiers Index. They also come from different issuers: ProcureAM and State Street. Their fees differ too: 0.75% for UFO and 0.45% for ROKT.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (2.85 vs 2.04), 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.