UFOX vs. KROP

Last updated Jun 4, 2026

UFOX (Defiance Connective Technologies ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - UFOX tracks the BlueStar Connective Technologies Index while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past 3 years, UFOX returned 48.73%/yr vs 0.81%/yr for KROP. At a 0.48 correlation, their price movements are largely independent. UFOX charges 0.30%/yr vs 0.50%/yr for KROP.

Performance

UFOX vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFOX achieves a 62.60% return, which is significantly higher than KROP's 16.34% return.

UFOX

• 1D: -2.52%
• 1M: 21.96%
• YTD: 62.60%
• 6M: 59.53%
• 1Y: 119.37%
• 3Y*: 48.73%
• 5Y*: 24.01%
• 10Y*: —

KROP

• 1D: 0.21%
• 1M: -0.06%
• YTD: 16.34%
• 6M: 14.63%
• 1Y: 13.67%
• 3Y*: 0.81%
• 5Y*: —
• 10Y*: —

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

UFOX vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UFOX Defiance Connective Technologies ETF	62.60%	34.83%	34.11%	21.83%	-27.26%	11.62%
KROP Global X AgTech & Food Innovation ETF	16.34%	7.95%	-8.74%	-23.86%	-27.23%	-18.75%

Correlation

The correlation between UFOX and KROP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.48

Over the past year, the correlation between UFOX and KROP has dropped to 0.20 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

UFOX vs. KROP - Sectors Allocation Comparison

Sectors	UFOX	KROP
Technology	77.9%	-
Industrials	13.7%	39.7%
Communication Services	5.0%	-
Real Estate	3.3%	-
Basic Materials	-	32.1%
Consumer Cyclical	-	0.3%
Consumer Defensive	-	26.3%
Energy	-	-
Financial Services	-	-
Healthcare	-	0.3%
Utilities	-	-

Return for Risk

UFOX vs. KROP — Risk / Return Rank

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

UFOX

UFOX Risk / Return Rank: 96
UFOX Sharpe Ratio Rank: 97
UFOX Sortino Ratio Rank: 95
UFOX Omega Ratio Rank: 94
UFOX Calmar Ratio Rank: 97
UFOX Martin Ratio Rank: 97

KROP

KROP Risk / Return Rank: 24
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 26
KROP Martin Ratio Rank: 22

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. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) and Global X AgTech & Food Innovation ETF (KROP). 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.

	UFOX	KROP	Difference
Sharpe ratio Return per unit of total volatility	4.69	0.86	+3.83
Sortino ratio Return per unit of downside risk	5.33	1.31	+4.02
Omega ratio Gain probability vs. loss probability	1.69	1.16	+0.53
Calmar ratio Return relative to maximum drawdown	10.87	1.22	+9.66
Martin ratio Return relative to average drawdown	43.09	2.75	+40.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFOX vs. KROP - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 4.69, which is higher than the KROP Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of UFOX and KROP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UFOX	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	0.86	+3.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	-0.57	+1.49

Drawdowns

UFOX vs. KROP - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, smaller than the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for UFOX and KROP.

Drawdown Indicators

	UFOX	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-61.96%	+28.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-11.29%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-28.14%	-28.70%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-2.52%	-49.05%	+46.53%
Average Drawdown Average peak-to-trough decline	-9.01%	-44.50%	+35.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	4.99%	-2.21%

Volatility

UFOX vs. KROP - Volatility Comparison

Defiance Connective Technologies ETF (UFOX) has a higher volatility of 9.95% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.77%. This indicates that UFOX's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFOX	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	4.77%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	20.25%	12.01%	+8.24%
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	16.04%	+9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	22.28%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.22%	22.28%	+2.94%

UFOX vs. KROP - Expense Ratio Comparison

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

Dividends

UFOX vs. KROP - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.36%, less than KROP's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
KROP Global X AgTech & Food Innovation ETF	2.35%	2.73%	1.89%	1.36%	0.71%	0.69%	0.00%	0.00%
UFOX Defiance Connective Technologies ETF	0.36%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both UFOX and KROP in my portfolio?

UFOX and KROP have a correlation of 0.20, 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 KROP?

UFOX has higher volatility (9.95%) compared to KROP (4.77%). In terms of maximum drawdown, UFOX dropped -33.90% vs KROP's -61.96%.

Which ETF is better, UFOX or KROP?

On 3-year performance, UFOX leads with 48.73% vs 0.81% for KROP. On fees, UFOX is cheaper at 0.30% per year. On volatility, KROP has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFOX or KROP?

Over the 3-year period, UFOX has performed better with a 48.73% return vs 0.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFOX or KROP?

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

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

KROP has the higher dividend yield at 2.35%, compared with 0.36% for UFOX.

What is the main difference between UFOX and KROP?

UFOX tracks BlueStar Connective Technologies Index, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: Defiance and Global X. Their fees differ too: 0.30% for UFOX and 0.50% for KROP.

Which has better risk-adjusted returns?

UFOX currently has the higher Sharpe Ratio (4.69 vs 0.86), 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.