UFO vs. XAR
Compare and contrast key facts about Procure Space ETF (UFO) and SPDR S&P Aerospace & Defense ETF (XAR).
UFO and XAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UFO is a passively managed fund by ProcureAM that tracks the performance of the S-Network Space Index. It was launched on Apr 11, 2019. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both UFO and XAR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UFO or XAR.
Key characteristics
| UFO | XAR | |
|---|---|---|
| YTD Return | 12.45% | 24.88% |
| 1Y Return | 36.22% | 41.58% |
| 3Y Return (Ann) | -10.59% | 11.04% |
| 5Y Return (Ann) | -3.30% | 9.66% |
| Sharpe Ratio | 1.45 | 2.53 |
| Sortino Ratio | 2.18 | 3.40 |
| Omega Ratio | 1.25 | 1.43 |
| Calmar Ratio | 0.73 | 3.76 |
| Martin Ratio | 3.83 | 15.40 |
| Ulcer Index | 9.57% | 2.76% |
| Daily Std Dev | 25.35% | 16.83% |
| Max Drawdown | -50.33% | -46.37% |
| Current Drawdown | -30.76% | 0.00% |
Correlation
The correlation between UFO and XAR is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UFO vs. XAR - Performance Comparison
In the year-to-date period, UFO achieves a 12.45% return, which is significantly lower than XAR's 24.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UFO vs. XAR - Expense Ratio Comparison
UFO has a 0.75% expense ratio, which is higher than XAR's 0.35% expense ratio.
Risk-Adjusted Performance
UFO vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and SPDR S&P Aerospace & Defense ETF (XAR). 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.
Dividends
UFO vs. XAR - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 1.28%, more than XAR's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 1.28% | 1.90% | 3.19% | 1.00% | 1.07% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAR SPDR S&P Aerospace & Defense ETF | 0.52% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
Drawdowns
UFO vs. XAR - Drawdown Comparison
The maximum UFO drawdown since its inception was -50.33%, which is greater than XAR's maximum drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for UFO and XAR. For additional features, visit the drawdowns tool.
Volatility
UFO vs. XAR - Volatility Comparison
The current volatility for Procure Space ETF (UFO) is 6.40%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 7.10%. This indicates that UFO experiences smaller price fluctuations and is considered to be less risky than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.