ASLV vs. ORBX

Last updated Jun 4, 2026

ASLV (Allspring Special Large Value ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - ASLV is a Large Cap Value Equities fund actively managed by Allspring, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. ASLV is actively managed, while ORBX is passively managed. At a 0.36 correlation, their price movements are largely independent. ASLV charges 0.35%/yr vs 0.50%/yr for ORBX.

Performance

ASLV vs. ORBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Large Value ETF (ASLV) and Global X Space Tech ETF (ORBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASLV

• 1D: -0.46%
• 1M: 0.27%
• YTD: 4.75%
• 6M: 4.40%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASLV vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
ASLV Allspring Special Large Value ETF	1.01%
ORBX Global X Space Tech ETF	22.02%

Correlation

The correlation between ASLV and ORBX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.36

Return for Risk

ASLV vs. ORBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASLV

ASLV Risk / Return Rank: 41
ASLV Sharpe Ratio Rank: 41
ASLV Sortino Ratio Rank: 42
ASLV Omega Ratio Rank: 39
ASLV Calmar Ratio Rank: 40
ASLV Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASLV vs. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Large Value ETF (ASLV) and Global X Space Tech ETF (ORBX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASLV	ORBX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	6.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ASLV	ORBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	4.31	-3.24

Drawdowns

ASLV vs. ORBX - Drawdown Comparison

The maximum ASLV drawdown since its inception was -10.98%, smaller than the maximum ORBX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for ASLV and ORBX.

Drawdown Indicators

	ASLV	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-18.53%	+7.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	—	—
Current Drawdown Current decline from peak	-1.79%	-18.53%	+16.74%
Average Drawdown Average peak-to-trough decline	-1.75%	-5.01%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	—	—

Volatility

Volatility by Period

	ASLV	ORBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	79.41%	-67.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	79.41%	-64.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.26%	79.41%	-64.15%

ASLV vs. ORBX - Expense Ratio Comparison

ASLV has a 0.35% expense ratio, which is lower than ORBX's 0.50% expense ratio.

Dividends

ASLV vs. ORBX - Dividend Comparison

ASLV's dividend yield for the trailing twelve months is around 0.83%, while ORBX has not paid dividends to shareholders.

Position	TTM	2025
ASLV Allspring Special Large Value ETF	0.83%	0.87%
ORBX Global X Space Tech ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASLV and ORBX in my portfolio?

ASLV and ORBX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASLV or ORBX?

On fees, ASLV is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASLV or ORBX?

ASLV is cheaper with a 0.35% expense ratio, compared with 0.50% for ORBX.

Which ETF pays a higher dividend yield, ASLV or ORBX?

ASLV has the higher dividend yield at 0.83%, compared with 0.00% for ORBX.

What is the main difference between ASLV and ORBX?

ASLV is categorized as Large Cap Value Equities, while ORBX is Aerospace & Defense. They also come from different issuers: Allspring and Global X. Their fees differ too: 0.35% for ASLV and 0.50% for ORBX.