UFO vs UFOX

UFOCProcure Space ETF

UFOXADefiance Space and Connective Tech ETF

In short

UFO UFO buys the space economy through a purpose-built benchmark, VettaFi's Space Index (formerly S-Network's), holding roughly 50 companies worldwide instead of leaning on a broad aerospace-and-defense proxy.

UFOX A space theme without the space-theme price tag. UFOX tracks a rules-based index of roughly 60 satellite and connectivity companies for 0.30%, a little over half what the typical global thematic fund charges.

Stated mandate

UFO The fund aims to track the performance of the VettaFi Space Index, previously known as the S-Network Space Index, before accounting for fees and expenses.

UFOX The fund seeks to track, before fees and expenses, the total return of the BlueStar® Space and Connective Technologies Index. It uses passive indexing and generally invests in the index constituents.

Why people hold it

• UFO Rules-based, not vibes-based: exposure comes from a published space index, the VettaFi Space Index, so the roster follows index methodology rather than a manager's hunches.
• Global mandate, not a US-only roster, so satellite and launch names listed overseas are in scope.
• Roughly 50 holdings keeps the theme concentrated rather than diluted across hundreds of tangentially related names.
• A billion-dollar-plus fund that trades actively for such a narrow theme, which generally means easier entries and exits than a thin thematic sleeve. Upper half of its space peer group.

• UFOX Charges 0.30% a year, against a 0.56% median for its global thematic peers. Niche themes usually cost more, not less.
• Fully rules-based. It tracks the BlueStar Space and Connective Technologies Index, so what lands in the portfolio follows a published methodology, not a manager's hunch.defianceetfs.com
• About 60 holdings across a global and US mandate, so the theme is spread over satellite and connectivity businesses rather than three or four pure plays.
• Listed since 2019, mid-sized, moderately traded and paying quarterly. On the whole, one of the stronger profiles in its global thematic group.

Worth knowing

• UFO 0.75% a year sits at the space-cohort median, and cheaper index routes exist: ROKT at 0.45%, ORBX at 0.50%.
• One theme, about 50 stocks. Contract wins, launch schedules and satellite demand drive the whole portfolio, so moves can be sharper than a broad global equity fund.
• Distributions arrive once or twice a year at most. This is structured as a thematic equity holding, not an income vehicle.

• UFOX One theme, roughly 60 stocks. Space and connectivity names tend to move together, so the ride is bumpier than a broad market fund.
• Wide tent. "Space and connective technologies" stretches from satellites to connectivity infrastructure, so check the holdings list to see what you actually own.defianceetfs.com
• Cheap for a theme fund, not cheap outright. Broader global peers such as KLMT (0.10%) and IQSZ (0.19%) sit well below it on fees.

Full UFO profile⁠

Full UFOX profile⁠