XLE vs. UFO
XLE (State Street Energy Select Sector SPDR ETF) and UFO (Procure Space ETF) are both exchange-traded funds - XLE is a Energy Equities fund tracking the Energy Select Sector Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Over the past 5 years, XLE returned 20.12%/yr vs 13.50%/yr for UFO. At a 0.36 correlation, their price movements are largely independent. XLE charges 0.08%/yr vs 0.75%/yr for UFO.
Performance
XLE vs. UFO - Performance Comparison
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Returns By Period
In the year-to-date period, XLE achieves a 29.56% return, which is significantly lower than UFO's 36.92% return.
XLE
- 1D
- 0.75%
- 1M
- -0.14%
- YTD
- 29.56%
- 6M
- 28.37%
- 1Y
- 37.19%
- 3Y*
- 16.18%
- 5Y*
- 20.12%
- 10Y*
- 9.91%
UFO
- 1D
- -6.99%
- 1M
- -6.10%
- YTD
- 36.92%
- 6M
- 37.68%
- 1Y
- 104.39%
- 3Y*
- 41.51%
- 5Y*
- 13.50%
- 10Y*
- —
XLE vs. UFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | -5.56% |
UFO Procure Space ETF | 36.92% | 67.36% | 27.22% | -2.34% | -25.85% | 7.17% | -2.15% | 5.66% |
Correlation
The correlation between XLE and UFO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.36 |
Over the past year, the correlation between XLE and UFO has dropped to 0.03 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
XLE vs. UFO - Sectors Allocation Comparison
Sectors
XLE
UFO
Energy
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
Utilities
-
-
Energy
XLE
UFO
-
Basic Materials
XLE
-
UFO
-
Communication Services
XLE
-
UFO
Consumer Cyclical
XLE
-
UFO
-
Consumer Defensive
XLE
-
UFO
-
Financial Services
XLE
-
UFO
-
Healthcare
XLE
-
UFO
-
Industrials
XLE
-
UFO
Real Estate
XLE
-
UFO
-
Technology
XLE
-
UFO
Utilities
XLE
-
UFO
-
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Return for Risk
XLE vs. UFO — Risk / Return Rank
XLE
UFO
XLE vs. UFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) 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.
| XLE | UFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 4.58 | -1.48 |
| Martin ratioReturn relative to average drawdown | 8.63 | 14.05 | -5.41 |
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Drawdowns
XLE vs. UFO - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.26%, which is greater than UFO's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for XLE and UFO.
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Drawdown Indicators
| XLE | UFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -50.33% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -22.94% | +10.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -25.91% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -50.33% | +24.29% |
Max Drawdown (10Y)Largest decline over 10 years | -66.81% | — | — |
Current DrawdownCurrent decline from peak | -8.01% | -21.95% | +13.94% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -21.80% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 7.46% | -3.14% |
Volatility
XLE vs. UFO - Volatility Comparison
The current volatility for State Street Energy Select Sector SPDR ETF (XLE) is 7.26%, while Procure Space ETF (UFO) has a volatility of 20.43%. This indicates that XLE 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.
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Volatility by Period
| XLE | UFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 20.43% | -13.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.79% | 34.11% | -17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 40.69% | -20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.05% | 30.59% | -4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 31.16% | -1.58% |
XLE vs. UFO - Expense Ratio Comparison
XLE has a 0.08% expense ratio, which is lower than UFO's 0.75% expense ratio.
Dividends
XLE vs. UFO - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 2.59%, more than UFO's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 0.31% | 0.46% | 1.98% | 1.90% | 3.19% | 1.00% | 1.07% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.59% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
XLE and UFO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFO has higher volatility (20.43%) compared to XLE (7.26%). In terms of maximum drawdown, XLE dropped -71.26% vs UFO's -50.33%.
On 5-year performance, XLE leads with 20.12% vs 13.50% for UFO. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLE has performed better with a 20.12% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.75% for UFO.
XLE has the higher dividend yield at 2.59%, compared with 0.31% for UFO.
XLE is categorized as Energy Equities, while UFO is Global Equities. XLE tracks Energy Select Sector Index, while UFO tracks S-Network Space Index. They also come from different issuers: State Street and ProcureAM. Their fees differ too: 0.08% for XLE and 0.75% for UFO.
UFO currently has the higher Sharpe Ratio (2.58 vs 1.82), 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.
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