ETF Evaluator:
Defiance Space and Connective Tech ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Defiance Space and Connective Tech ETF Overview
Defiance Space and Connective Tech ETF (UFOX) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Defiance ETFs LLC launched the ETF in 2019.
The investment seeks o track the total return performance, before fees and expenses, of the BlueStar® Space and Connective Technologies Index (the “Index”).
TThe index is a thematic index that tracks the performance of Connective Technology Companies and Space Companies, each defined below, as determined by MarketVector Indexes Gmb (“MarketVector” or the “index provider”). Under normal circumstances, at least 80% of the fund’s net assets (plus borrowings for investment purposes) will be invested in Connective Technology Companies and Space Companies.
About Defiance Space and Connective Tech ETF (UFOX)
There are 3 members of the management team with an average tenure of 5.60 years: Dustin Lewellyn (2019), Ernesto Tong (2019) and Christine Johanson (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and BlueStar Space and Connect Tech TR USD index with a weighting of 100%. Defiance Space and Connective Tech ETF has 60 securities in its portfolio. The top 10 holdings constitute 37.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Defiance Space and Connective Tech ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Defiance Space and Connective Tech ETF has 6.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.6% There is 6.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Defiance Space and Connective Tech ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $835 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
UFOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Defiance Space and Connective Tech ETF expense ratio is below average compared to funds in the Technology category. Defiance Space and Connective Tech ETF has an expense ratio of 0.30%, which is 44% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Defiance Space and Connective Tech ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Defiance Space and Connective Tech ETF returned -16.3%, which earned it a grade of D, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Defiance Space and Connective Tech ETF has a trailing yield of 0.48%, which is above the 0.45% category average.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Defiance Space and Connective Tech ETF Grades
Year to date, the ETF has returned 24.9%, 3.6 percentage points better than the category, which translates into a grade of B. The fund has returned 47.3% over the past year (grade of B), 34.2% over the past three years (grade of A) and 17.0% per year over the past five years (grade of A).
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UFOX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UFOX Return (NAV) | -16.3% | -5.3% | 47.3% | 34.2% | 17.0% | na |
| UFOX Return (Price) | -16.3% | -2.0% | 47.4% | 34.1% | 17.0% | na |
| NAV +/- Price Return | 0.021% | -3.233% | -0.105% | 0.009% | 0.001% | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| UFOX Grade (NAV) | D | F | B | A | A | na |
| +/- Category (NAV) | -6.5% | -12.6% | 13.7% | 11.8% | 6.4% | na |
| UFOX Tax-Cost Ratio | na | na | 0.2% | 0.3% | 0.4% | na |
UFOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UFOX Return (NAV) | 24.9% | 34.8% | 34.1% | 21.9% | -27.2% | 25.6% | 29.8% | na | na | na | na |
| UFOX Return (Price) | 24.9% | 34.8% | 34.1% | 21.9% | -27.3% | 25.7% | 29.8% | na | na | na | na |
| NAV +/- Price Ret | -0.001% | 0.002% | 0.000% | -0.001% | 0.002% | 0.002% | -0.001% | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| UFOX Grade (NAV) | B | A | A | F | A | B | F | na | na | na | na |
| +/- Category | 3.6% | 11.5% | 14.2% | -21.9% | 8.6% | 8.9% | -23.5% | na | na | na | na |
| Risk Measures | |
| Beta: | 1.66 |
| R-Squared: | 57% |
| Standard Deviation: | 27.8% |
| Category Risk Index: | 1.05 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.27 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 835 Mil |
| Share Class Assets: | $ 835 Mil |
| Turnover: | 27.0% |
| Expense Ratio: | 0.30% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 5.6 years | |||
| Managers (Year): Lewellyn Dustin (2019), Tong Ernesto (2019), Johanson Christine (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 60 |
| % in Top 10 Holdings: | 37.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.0% |
Portfolio Allocation |
|
| Domestic Stock: | 93.6% |
| Foreign Stock: | 6.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Defiance ETFs LLC |
| Phone Number: | 833-333-9383 |
| Website: | |
| Inception Date: | March 4, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.54% |
