UFOX vs. GINN

Last updated Jun 24, 2026

UFOX (Defiance Connective Technologies ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - UFOX tracks the BlueStar Connective Technologies Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past 5 years, UFOX returned 20.74%/yr vs 5.45%/yr for GINN. Their correlation of 0.86 suggests significant overlap in exposure. UFOX charges 0.30%/yr vs 0.50%/yr for GINN.

Performance

UFOX vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFOX achieves a 42.92% return, which is significantly higher than GINN's 5.00% return.

UFOX

• 1D: -3.21%
• 1M: -8.35%
• YTD: 42.92%
• 6M: 40.39%
• 1Y: 82.24%
• 3Y*: 42.75%
• 5Y*: 20.74%
• 10Y*: —

GINN

• 1D: -1.06%
• 1M: -1.95%
• YTD: 5.00%
• 6M: 3.65%
• 1Y: 20.17%
• 3Y*: 18.28%
• 5Y*: 5.45%
• 10Y*: —

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

UFOX vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UFOX Defiance Connective Technologies ETF	42.92%	34.83%	34.11%	21.83%	-27.26%	25.68%	8.99%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	5.00%	20.25%	18.71%	29.94%	-32.40%	10.39%	8.08%

Correlation

The correlation between UFOX and GINN is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020	0.86

The correlation between UFOX and GINN has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

UFOX vs. GINN - Sectors Allocation Comparison

Sectors	UFOX	GINN
Technology	75.8%	32.6%
Industrials	13.9%	4.7%
Communication Services	7.1%	10.7%
Real Estate	3.2%	0.6%
Basic Materials	-	0.1%
Consumer Cyclical	-	12.7%
Consumer Defensive	-	1.8%
Energy	-	1.7%
Financial Services	-	12.4%
Healthcare	-	20.6%
Utilities	-	1.7%

Return for Risk

UFOX vs. GINN — Risk / Return Rank

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

UFOX

UFOX Risk / Return Rank: 89
UFOX Sharpe Ratio Rank: 91
UFOX Sortino Ratio Rank: 84
UFOX Omega Ratio Rank: 83
UFOX Calmar Ratio Rank: 92
UFOX Martin Ratio Rank: 93

GINN

GINN Risk / Return Rank: 35
GINN Sharpe Ratio Rank: 36
GINN Sortino Ratio Rank: 35
GINN Omega Ratio Rank: 34
GINN Calmar Ratio Rank: 33
GINN Martin Ratio Rank: 37

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.

UFOX vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

	UFOX	GINN	Difference
Sharpe ratio: Return per unit of total volatility	2.93	1.22	+1.71
Sortino ratio: Return per unit of downside risk	3.49	1.75	+1.74
Omega ratio: Gain probability vs. loss probability	1.46	1.22	+0.25
Calmar ratio: Return relative to maximum drawdown	5.78	1.54	+4.24
Martin ratio: Return relative to average drawdown	22.15	5.39	+16.75

UFOX vs. GINN - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 2.93, which is higher than the GINN Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of UFOX and GINN, 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

UFOX vs. GINN - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for UFOX and GINN.

Drawdown Indicators

	UFOX	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-41.25%	+7.35%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	-13.18%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-28.14%	-22.25%	-5.89%
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	-41.25%	+7.35%
Current Drawdown Current decline from peak	-14.31%	-4.93%	-9.38%
Average Drawdown Average peak-to-trough decline	-9.03%	-13.28%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.75%	-0.02%

Volatility

UFOX vs. GINN - Volatility Comparison

Defiance Connective Technologies ETF (UFOX) has a higher volatility of 13.96% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 5.81%. This indicates that UFOX's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFOX	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.96%	5.81%	+8.15%
Volatility (6M) Calculated over the trailing 6-month period	23.11%	12.92%	+10.19%
Volatility (1Y) Calculated over the trailing 1-year period	28.22%	16.57%	+11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	21.44%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	21.07%	+4.45%

UFOX vs. GINN - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

UFOX vs. GINN - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.41%, less than GINN's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.20%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%	0.00%
UFOX Defiance Connective Technologies ETF	0.41%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both UFOX and GINN in my portfolio?

UFOX and GINN have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFOX or GINN?

UFOX has higher volatility (13.96%) compared to GINN (5.81%). In terms of maximum drawdown, UFOX dropped -33.90% vs GINN's -41.25%.

Which ETF is better, UFOX or GINN?

On 5-year performance, UFOX leads with 20.74% vs 5.45% for GINN. On fees, UFOX is cheaper at 0.30% per year. On volatility, GINN has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFOX or GINN?

Over the 5-year period, UFOX has performed better with a 20.74% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFOX or GINN?

UFOX is cheaper with a 0.30% expense ratio, compared with 0.50% for GINN.

Which ETF pays a higher dividend yield, UFOX or GINN?

GINN has the higher dividend yield at 1.20%, compared with 0.41% for UFOX.

What is the main difference between UFOX and GINN?

UFOX tracks BlueStar Connective Technologies Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: Defiance and Goldman Sachs. Their fees differ too: 0.30% for UFOX and 0.50% for GINN.

Which has better risk-adjusted returns?

UFOX currently has the higher Sharpe Ratio (2.93 vs 1.22), 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.