UFO vs. SPAX ETF Comparison
Comparison of Procure Space ETF (UFO) to Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
UFO
Procure Space ETF
UFO Description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index". The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$19.23
Average Daily Volume
8,535
21
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.Grade (RS Rating)
Last Trade
$20.45
Average Daily Volume
5,682
26
Performance
| Period | UFO | SPAX |
|---|---|---|
| 30 Days | 0.45% | 0.10% |
| 60 Days | 14.11% | 0.99% |
| 90 Days | 22.33% | 0.55% |
| 12 Months | 11.27% | 2.31% |
0 Overlapping Holdings
| Symbol | Grade | Weight in UFO | Weight in SPAX | Overlap |
|---|
UFO Overweight 21 Positions Relative to SPAX
UFO Underweight 26 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| BACA | D | -3.18% | |
| HAIA | B | -3.01% | |
| CMCA | B | -2.63% | |
| HCVI | D | -2.5% | |
| FLD | F | -2.39% | |
| AOGO | F | -2.36% | |
| CNDA | B | -2.3% | |
| TGAA | D | -2.06% | |
| BNIX | C | -1.9% | |
| CFFS | B | -1.74% | |
| ONYX | C | -1.65% | |
| PRLH | B | -1.44% | |
| IVCP | C | -1.43% | |
| GHIX | D | -1.26% | |
| BLEU | C | -1.07% | |
| GAQ | D | -0.64% | |
| IMAQ | F | -0.44% | |
| PWUP | C | -0.4% | |
| MCAG | B | -0.26% | |
| PPYA | D | -0.26% | |
| ROCL | C | -0.22% | |
| MSSA | B | -0.17% | |
| TRON | D | -0.14% | |
| MITA | C | -0.12% | |
| BRKH | A | -0.1% | |
| VMCA | C | -0.03% |
UFO: Top Represented Industries & Keywords
SPAX: Top Represented Industries & Keywords
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