VOLT vs. UFO

Last updated Jun 4, 2026

VOLT (Tema Electrification ETF) and UFO (Procure Space ETF) are both exchange-traded funds - VOLT is a Energy Equities fund actively managed by Tema, while UFO is a Global Equities fund tracking the S-Network Space Index. VOLT is actively managed, while UFO is passively managed. Over the past year, VOLT returned 65.79% vs 135.88% for UFO. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

VOLT vs. UFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and Procure Space ETF (UFO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOLT achieves a 37.23% return, which is significantly lower than UFO's 49.39% return.

VOLT

• 1D: 0.16%
• 1M: -2.25%
• YTD: 37.23%
• 6M: 34.70%
• 1Y: 65.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UFO

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

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

VOLT vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	37.23%	25.92%	-8.86%
UFO Procure Space ETF	49.39%	67.36%	0.31%

Correlation

The correlation between VOLT and UFO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.54

The correlation between VOLT and UFO has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

VOLT vs. UFO - Sectors Allocation Comparison

Sectors	VOLT	UFO
Industrials	48.1%	47.2%
Utilities	31.2%	-
Technology	11.0%	22.0%
Energy	5.0%	-
Consumer Cyclical	3.5%	-
Financial Services	0.5%	-
Basic Materials	-	-
Communication Services	-	30.8%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

VOLT vs. UFO — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 88
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

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.

VOLT vs. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and Procure Space ETF (UFO). 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.

	VOLT	UFO	Difference
Sharpe ratio Return per unit of total volatility	3.25	3.59	-0.34
Sortino ratio Return per unit of downside risk	4.07	3.95	+0.12
Omega ratio Gain probability vs. loss probability	1.53	1.48	+0.06
Calmar ratio Return relative to maximum drawdown	7.38	6.23	+1.15
Martin ratio Return relative to average drawdown	20.55	20.29	+0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOLT vs. UFO - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 3.25, which is comparable to the UFO Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of VOLT and UFO, 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

	VOLT	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	3.59	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.46	+1.04

Drawdowns

VOLT vs. UFO - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for VOLT and UFO.

Drawdown Indicators

	VOLT	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-50.33%	+26.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-21.95%	+12.99%
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	-4.12%	-14.84%	+10.72%
Average Drawdown Average peak-to-trough decline	-5.17%	-21.82%	+16.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	6.72%	-3.51%

Volatility

VOLT vs. UFO - Volatility Comparison

The current volatility for Tema Electrification ETF (VOLT) is 7.84%, while Procure Space ETF (UFO) has a volatility of 16.64%. This indicates that VOLT experiences smaller price fluctuations and is considered to be less risky than UFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	16.64%	-8.80%
Volatility (6M) Calculated over the trailing 6-month period	17.12%	31.27%	-14.15%
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	38.08%	-17.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	29.92%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.11%	30.76%	-6.65%

VOLT vs. UFO - Expense Ratio Comparison

Both VOLT and UFO have an expense ratio of 0.75%.

Dividends

VOLT vs. UFO - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.33%, more than UFO's 0.29% yield.

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%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOLT and UFO in my portfolio?

VOLT and UFO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOLT or UFO?

UFO has higher volatility (16.64%) compared to VOLT (7.84%). In terms of maximum drawdown, VOLT dropped -23.40% vs UFO's -50.33%.

Which ETF is better, VOLT or UFO?

On 1-year performance, UFO leads with 135.88% vs 65.79% for VOLT. Both ETFs have the same 0.75% expense ratio. On volatility, VOLT has been the lower-risk option at 7.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOLT or UFO?

Over the 1-year period, UFO has performed better with a 135.88% return vs 65.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or UFO?

VOLT and UFO have the same expense ratio: 0.75% per year.

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

VOLT has the higher dividend yield at 0.33%, compared with 0.29% for UFO.

What is the main difference between VOLT and UFO?

VOLT is categorized as Energy Equities, while UFO is Global Equities. They also come from different issuers: Tema and ProcureAM.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.59 vs 3.25), 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.