Owns companies worldwide that earn at least half their revenue from space: satellite operators, launch providers and the makers of the hardware they use.
UFO, the Procure Space ETF, is a $536 million ETF whose main story is the orbital economy. It holds 19.7% of the money in ETFs carrying that story, 3rd of 44. Over the past year it returned +15.2%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
This is its only narrative.
The orbital economy →
Launch, satellites and the space companies around SpaceX, now that it trades publicly.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | NASA | 39.2% | $1.33bn | – | – |
| 2 | UFOX | 22.5% | $875.0m | +39.8% | 0.30% |
| 3 | UFO | 19.7% | $535.8m | +15.2% | 0.75% |
| 4 | ARKX | 13.6% | $737.1m | +9.8% | 0.75% |
| 5 | WARP | 1.6% | $42.9m | – | 0.50% |
| 39 other ETFs | 3.4% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 44 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| UFO | 0.0% | −14.9% | +11.7% | +15.2% | +39.8% | +8.9% |
| The orbital economyits narrative | +6.6% | −9.9% | +16.9% | +18.1% | +38.0% | +13.5% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on April 11, 2019: +9.0% a year.
$10,000 invested April 30, 2019
Year by year
Total return in each calendar year; this year is year to date. A year appears only if UFO traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
UFO moves partly with the market. When the market has moved 1%, UFO has tended to move 1.37%.
UFO moves closely with the orbital economy. When the orbital economy has moved 1%, UFO has tended to move 0.94%.
Weekly returns over 157 weeks. The narrative is measured without UFO in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Risk
Cost against its peers
UFO is the 6th cheapest of 11 ETFs in the orbital economy. The dashed line is the middle of the group, 0.75% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Common questions
What story is UFO selling?
UFO’s main story is the orbital economy, which covers launch, satellites and the space companies around SpaceX, now that it trades publicly.
Which ETFs compete with UFO?
The ETFs whose weekly returns move most like UFO’s over the past 3 years are ROKT (0.87), JEDI (0.84) and ARKX (0.84).
How much of the orbital economy does UFO hold?
UFO holds 19.7% of the money in ETFs carrying that story, 3rd of 44.
How has UFO performed against its story?
Over the past year UFO returned +15.2%, the ETFs carrying the orbital economy +18.1% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.81 with the story. Past performance only.
Run an ETF in the orbital economy? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
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