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ETFs

Procure ETF Trust II Procure Space ETF

UFO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 11 2019
Expense Ratio
0.75%
Type
US Equities
Fund Owner
ProcureAM
Volume (1m avg. daily)
$81,124
AUM
$38,755,080
Associated Index
S-Network Space Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DISH
Dish Network Corp - Ordinary Shares - Class A
5.34%
GRMN
Garmin Ltd
5.24%
9412
SKY Perfect JSAT Holdings Inc.
5.22%
SATS
EchoStar Corp - Ordinary Shares - Class A
5.22%
IRDM
Iridium Communications Inc
5.19%
SESG
SES SA - FRR
5.14%
TRMB
Trimble Inc
4.94%
ETL
Eutelsat Communications
4.91%
SIRI
Sirius XM Holdings Inc
4.90%
TOM2
Tomtom NV
4.48%
Invest with UFO

What is UFO?

The Procure Space ETF (UFO) is comprised of a portfolio of companies involved in space related industries. UFO is an exchange traded fund (ETF) that seeks investment results that correspond generally to the performance, before fund fees and expenses, of the S-Network Space Index* (SPACE). Although there is no legal definition of "space; a commonly accepted definition is that the edge of space begins at the Karman line which is 100 kilometers (62 miles) above the Earths surface.

ETFs related toUFO

ETFs correlated to UFO include LGRO, BBSC, KOMP

UFO
Procure ETF Trust II - Procure Space ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap Equity ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUFO

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with UFO using Composer

FAQ

UFO is a US Equities ETF. The Procure Space ETF (UFO) is comprised of a portfolio of companies involved in space related industries. UFO is an exchange traded fund (ETF) that seeks investment results that correspond generally to the performance, before fund fees and expenses, of the S-Network Space Index* (SPACE). Although there is no legal definition of "space; a commonly accepted definition is that the edge of space begins at the Karman line which is 100 kilometers (62 miles) above the Earths surface.

UFO tracks the S-Network Space Index.

No, UFO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UFO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UFO is -0.0553%. This is the percent change in the value of UFO over the most recent 1-month period. The 3-month return on UFO is -0.1034%. This is the percent change in the value of UFO over the most recent 3-month period.

The standard deviation of UFO for the past year is 0.2451%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UFO include SPHQ, DSI, and QUAL.

ETFs correlated to UFO include LGRO, BBSC, and KOMP.

ETFs that are inversely correlated to UFO include RWM, TZA, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.