NASA vs. ORBX

Last updated Aug 2, 2026

NASA (Tema Space Innovators ETF) and ORBX (Global X Space Tech ETF) are both Aerospace & Defense funds. NASA is actively managed, while ORBX is passively managed. Their 0.96 correlation means they have historically moved very closely together. NASA charges 0.75%/yr vs 0.50%/yr for ORBX.

Performance

NASA vs. ORBX - Performance Comparison

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

Returns By Period

NASA

• 1D: 0.09%
• 1M: -25.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ORBX

• 1D: 0.38%
• 1M: -25.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NASA Tema Space Innovators ETF	$29.19M	$44.00M	$218.58M
ORBX Global X Space Tech ETF	$1.11M	$1.59M	$5.52M

NASA vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-25.06%
ORBX Global X Space Tech ETF	-23.09%

Correlation

The correlation between NASA and ORBX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.96

Return for Risk

NASA vs. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

NASA vs. ORBX - Drawdown Comparison

The maximum NASA drawdown since its inception was -50.97%, roughly equal to the maximum ORBX drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for NASA and ORBX.

Drawdown Indicators

	NASA	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-50.97%	-51.53%	+0.56%
Current Drawdown Current decline from peak	-48.39%	-49.40%	+1.01%
Average Drawdown Average peak-to-trough decline	-17.87%	-22.31%	+4.44%

Volatility

Volatility by Period

	NASA	ORBX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	65.62%	75.43%	-9.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.62%	75.43%	-9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.62%	75.43%	-9.81%

NASA vs. ORBX - Expense Ratio Comparison

NASA has a 0.75% expense ratio, which is higher than ORBX's 0.50% expense ratio.

Dividends

NASA vs. ORBX - Dividend Comparison

Neither NASA nor ORBX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NASA and ORBX in my portfolio?

With a correlation of 0.96, NASA and ORBX 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, NASA or ORBX?

On fees, ORBX 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, NASA or ORBX?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.75% for NASA.

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

NASA and ORBX have nearly identical dividend yields, around 0.00%.

What is the main difference between NASA and ORBX?

They also come from different issuers: Tema and Global X. Their fees differ too: 0.75% for NASA and 0.50% for ORBX.