UFO vs. WAR

Last updated Jun 4, 2026

UFO (Procure Space ETF) and WAR (U.S. Global Technology and Aerospace & Defense ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while WAR is a Aerospace & Defense fund actively managed by US Global. UFO is passively managed, while WAR is actively managed. At a 0.31 correlation, their price movements are largely independent. UFO charges 0.75%/yr vs 0.60%/yr for WAR.

Performance

UFO vs. WAR - Performance Comparison

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

Returns By Period

UFO

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

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFO vs. WAR - Yearly Performance Comparison

	2026 (YTD)
UFO Procure Space ETF	-11.77%
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%

Correlation

The correlation between UFO and WAR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.31

UFO vs. WAR - Sectors Allocation Comparison

Sectors	UFO	WAR
Industrials	47.2%	31.1%
Communication Services	30.8%	2.0%
Technology	22.0%	63.8%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.5%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UFO vs. WAR — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 88
UFO Sharpe Ratio Rank: 93
UFO Sortino Ratio Rank: 86
UFO Omega Ratio Rank: 78
UFO Calmar Ratio Rank: 92
UFO Martin Ratio Rank: 89

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. WAR - Risk-Adjusted Trends Comparison

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

	UFO	WAR	Difference
Sharpe ratio: Return per unit of total volatility	3.59	—	—
Sortino ratio: Return per unit of downside risk	3.95	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.23	—	—
Martin ratio: Return relative to average drawdown	20.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UFO	WAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	5.18	-4.73

Drawdowns

UFO vs. WAR - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than WAR's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for UFO and WAR.

Drawdown Indicators

	UFO	WAR	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-1.92%	-48.41%
Max Drawdown (1Y) Largest decline over 1 year	-21.95%	—	—
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	-14.84%	-1.92%	-12.92%
Average Drawdown Average peak-to-trough decline	-21.82%	-0.88%	-20.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	—	—

Volatility

Volatility by Period

	UFO	WAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	42.90%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	42.90%	-12.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.76%	42.90%	-12.14%

UFO vs. WAR - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than WAR's 0.60% expense ratio.

Dividends

UFO vs. WAR - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.29%, while WAR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	0.29%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UFO and WAR in my portfolio?

UFO and WAR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UFO or WAR?

On fees, WAR is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFO or WAR?

WAR is cheaper with a 0.60% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.29%, compared with 0.00% for WAR.

What is the main difference between UFO and WAR?

UFO is categorized as Global Equities, while WAR is Aerospace & Defense. They also come from different issuers: ProcureAM and US Global. Their fees differ too: 0.75% for UFO and 0.60% for WAR.