UFO - ETF AI Analysis
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Procure Space ETF (UFO)
Rating:54Neutral
Price Target:―
Positive Factors
Strong Year-To-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum over the longer recent period despite short-term pullbacks.
Leading Holdings With Strong Results
Several of the largest positions, such as Sirius XM, Garmin, ViaSat, and Iridium, have shown strong performance, helping support the fund’s overall returns.
Diversified Sector and Global Exposure
Holdings spread across industrials, communication services, technology, and multiple countries help reduce the impact of weakness in any single industry or region.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of your returns are used to cover fees each year.
Short-Term Performance Weakness
Recent one- and three-month performance has been weak, suggesting the ETF can be sensitive to short-term market swings.
Concentration in U.S. and Space-Related Names
A heavy tilt toward U.S. companies and a focused space theme means the fund is less diversified across the broader global market and can be more volatile if this niche sector struggles.
UFO vs. SPDR S&P 500 ETF (SPY)
AUM587.34M
RegionGlobal
Expense Ratio0.75%
Beta1.43
IssuerProcure
Inception DateApr 11, 2019
Dividend Yield0.34%
Asset ClassEquity
Index TrackedVettaFi Space Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume511,031
30 Day Avg. Volume1,279,230
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
60.53Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering65
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
UFO Summary
The Procure Space ETF (ticker: UFO) is a fund that follows the VettaFi Space Index and focuses on companies tied to the space industry. It holds businesses involved in satellites, space hardware, and related technology, including well-known names like Sirius XM and Garmin. Investors might consider UFO if they want growth potential from the expanding space economy and diversification across many space-related companies around the world. However, this ETF is concentrated in a single theme, so its price can be more volatile and may rise or fall sharply with news and trends in the space sector.
How much will it cost me?The Procure Space ETF (UFO) has an expense ratio of 0.94%, meaning you’ll pay $9.40 per year for every $1,000 invested. This is higher than average because UFO is actively managed to focus on a niche theme—space exploration and technology—requiring specialized research and portfolio management.
What would affect this ETF?The Procure Space ETF (UFO) could benefit from increased global investment in satellite technology and space exploration, driven by advancements in communication services and industrial innovation. However, potential risks include regulatory changes, geopolitical tensions affecting global cooperation in space, and economic slowdowns that might reduce funding for space-related projects.
UFO Top 10 Holdings
UFO is a pure play on the space theme, but its recent story is a tug-of-war between winners and strugglers. Iridium and ViaSat have been rising, giving the fund a solid boost from the communications side, while Sirius XM adds a steadier, cash-generating anchor. On the other hand, high‑beta names like SpaceX, Rocket Lab, Planet Labs, and AST SpaceMobile have been losing altitude, dragging on returns despite their long‑term promise. Overall, the ETF is globally focused but heavily tilted toward satellite, launch, and space‑tech industrials and communications firms.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Garmin | 7.06% | $41.47M | $56.66B | 30.26% | 74 Outperform | |
| Trimble | 6.39% | $37.55M | $13.19B | -31.53% | 74 Outperform | |
| ViaSat | 6.25% | $36.70M | $10.60B | 300.84% | 56 Neutral | |
| Sirius XM Holdings | 6.07% | $35.66M | $9.98B | 39.85% | 64 Neutral | |
| Echostar | 4.27% | $25.05M | $24.37B | 219.37% | 57 Neutral | |
| AST SpaceMobile | 4.01% | $23.53M | $22.89B | 14.79% | 54 Neutral | |
| SpaceX | 3.94% | $23.13M | $1.44T | ― | ― | |
| Iridium Communications | 3.67% | $21.56M | $5.02B | 95.78% | 71 Outperform | |
| Planet Labs PBC | 3.67% | $21.54M | $7.30B | 231.39% | 57 Neutral | |
| Rocket Lab USA | 3.57% | $20.96M | $38.85B | 45.82% | 57 Neutral |
UFO Technical Analysis
Positive
―
Price Trends
50.71
Negative
50.61
Negative
45.34
Positive
Market Momentum
-1.62
Negative
47.25
Neutral
75.29
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For UFO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 44.78, equal to the 50-day MA of 50.71, and equal to the 200-day MA of 45.34, indicating a neutral trend. The MACD of -1.62 indicates Negative momentum. The RSI at 47.25 is Neutral, neither overbought nor oversold. The STOCH value of 75.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UFO.
UFO Peer Comparison
Comparison Results
Performance Comparison
UFO
Procure Space ETF
45.45
15.43
51.40%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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