WAR vs. UFO

Last updated Aug 2, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and UFO (Procure Space ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while UFO is a Global Equities fund tracking the S-Network Space Index. WAR is actively managed, while UFO is passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. WAR charges 0.60%/yr vs 0.75%/yr for UFO.

Performance

WAR vs. UFO - Performance Comparison

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

Returns By Period

WAR

• 1D: 0.10%
• 1M: -11.85%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UFO

• 1D: -0.07%
• 1M: -13.58%
• 6M: -3.51%
• YTD: 13.44%
• 1Y: 49.19%
• 3Y*: 31.94%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 9.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
UFO Procure Space ETF	$22.27M	$25.83M	$70.04M
WAR U.S. Global Technology and Aerospace & Defense ETF	$393.99K	$600.52K	$802.98K

WAR vs. UFO - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	-14.51%
UFO Procure Space ETF	-29.17%

Correlation

The correlation between WAR and UFO is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.62

WAR vs. UFO - Sectors Allocation Comparison

Sectors	WAR	UFO
Technology	54.5%	20.8%
Industrials	44.0%	48.9%
Financial Services	2.7%	0.0%
Communication Services	1.4%	28.8%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WAR vs. UFO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WAR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UFO

UFO Risk / Return Rank: 43
UFO Sharpe Ratio Rank: 47
UFO Sortino Ratio Rank: 49
UFO Omega Ratio Rank: 44
UFO Calmar Ratio Rank: 38
UFO Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WAR vs. UFO - Risk-Adjusted Trends Comparison

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

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.

	WAR	UFO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.76	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.32	—
Martin ratio: Return relative to average drawdown	—	3.57	—

Drawdowns

WAR vs. UFO - Drawdown Comparison

The maximum WAR drawdown since its inception was -25.04%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for WAR and UFO.

Drawdown Indicators

	WAR	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-25.04%	-50.33%	+25.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.95%	—
Current Drawdown Current decline from peak	-19.88%	-35.34%	+15.46%
Average Drawdown Average peak-to-trough decline	-10.62%	-21.96%	+11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.52%	—

Volatility

Volatility by Period

	WAR	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.86%	41.75%	+8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.86%	30.89%	+18.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.86%	31.24%	+18.62%

WAR vs. UFO - Expense Ratio Comparison

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

Dividends

WAR vs. UFO - Dividend Comparison

WAR has not paid dividends to shareholders, while UFO's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
UFO Procure Space ETF	0.34%	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 WAR and UFO in my portfolio?

WAR and UFO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or UFO?

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, WAR or UFO?

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

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

UFO has the higher dividend yield at 0.34%, compared with 0.00% for WAR.

What is the main difference between WAR and UFO?

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