MARS vs. WARP

Last updated Jun 4, 2026

MARS (Roundhill Space & Technology ETF) and WARP (VanEck Space ETF) are both exchange-traded funds - MARS is a Technology Equities fund actively managed by Roundhill, while WARP is a Industrials Equities fund tracking the MarketVector Space Index. MARS is actively managed, while WARP is passively managed. With a 0.99 correlation, they move nearly in lockstep. MARS charges 0.75%/yr vs 0.50%/yr for WARP.

Performance

MARS vs. WARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Space & Technology ETF (MARS) and VanEck Space ETF (WARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MARS

• 1D: -6.85%
• 1M: 20.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WARP

• 1D: -6.84%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MARS vs. WARP - Yearly Performance Comparison

	2026 (YTD)
MARS Roundhill Space & Technology ETF	20.41%
WARP VanEck Space ETF	23.47%

Correlation

The correlation between MARS and WARP is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 8, 2026	0.99

Return for Risk

MARS vs. WARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Space & Technology ETF (MARS) and VanEck Space ETF (WARP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MARS	WARP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	6.31	22.26	-15.96

Drawdowns

MARS vs. WARP - Drawdown Comparison

The maximum MARS drawdown since its inception was -19.50%, roughly equal to the maximum WARP drawdown of -18.67%. Use the drawdown chart below to compare losses from any high point for MARS and WARP.

Drawdown Indicators

	MARS	WARP	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-18.67%	-0.83%
Current Drawdown Current decline from peak	-19.50%	-18.67%	-0.83%
Average Drawdown Average peak-to-trough decline	-3.31%	-3.23%	-0.08%

Volatility

Volatility by Period

	MARS	WARP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.89%	83.83%	-20.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.89%	83.83%	-20.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.89%	83.83%	-20.94%

MARS vs. WARP - Expense Ratio Comparison

MARS has a 0.75% expense ratio, which is higher than WARP's 0.50% expense ratio.

Dividends

MARS vs. WARP - Dividend Comparison

Neither MARS nor WARP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MARS and WARP in my portfolio?

With a correlation of 0.99, MARS and WARP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MARS or WARP?

On fees, WARP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MARS or WARP?

WARP is cheaper with a 0.50% expense ratio, compared with 0.75% for MARS.

Which ETF pays a higher dividend yield, MARS or WARP?

MARS and WARP have nearly identical dividend yields, around 0.00%.

What is the main difference between MARS and WARP?

MARS is categorized as Technology Equities, while WARP is Industrials Equities. They also come from different issuers: Roundhill and VanEck. Their fees differ too: 0.75% for MARS and 0.50% for WARP.