ORBX vs. ROKT

Last updated Jul 17, 2026

ORBX (Global X Space Tech ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both exchange-traded funds - ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index, while ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. ORBX charges 0.50%/yr vs 0.45%/yr for ROKT.

Performance

ORBX vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORBX

• 1D: -6.52%
• 1M: -22.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROKT

• 1D: -2.70%
• 1M: -8.52%
• 6M: 6.03%
• YTD: 26.14%
• 1Y: 60.12%
• 3Y*: 35.19%
• 5Y*: 22.03%
• 10Y*: —

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

ORBX vs. ROKT - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	-19.05%
ROKT SPDR S&P Kensho Final Frontiers ETF	-3.28%

Correlation

The correlation between ORBX and ROKT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.94

Return for Risk

ORBX vs. ROKT — Risk / Return Rank

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

ORBX

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

ROKT

ROKT Risk / Return Rank: 70
ROKT Sharpe Ratio Rank: 75
ROKT Sortino Ratio Rank: 70
ROKT Omega Ratio Rank: 64
ROKT Calmar Ratio Rank: 70
ROKT Martin Ratio Rank: 69

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.

ORBX vs. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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.

	ORBX	ROKT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.81	—
Martin ratio: Return relative to average drawdown	—	9.95	—

Drawdowns

ORBX vs. ROKT - Drawdown Comparison

The maximum ORBX drawdown since its inception was -46.74%, which is greater than ROKT's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for ORBX and ROKT.

Drawdown Indicators

	ORBX	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-46.74%	-43.16%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.46%	—
Current Drawdown Current decline from peak	-46.74%	-21.52%	-25.22%
Average Drawdown Average peak-to-trough decline	-17.85%	-6.87%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.06%	—

Volatility

Volatility by Period

	ORBX	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.49%	31.80%	+47.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.49%	23.50%	+55.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.49%	25.43%	+54.06%

ORBX vs. ROKT - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is higher than ROKT's 0.45% expense ratio.

Dividends

ORBX vs. ROKT - Dividend Comparison

ORBX has not paid dividends to shareholders, while ROKT's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ORBX Global X Space Tech ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.29%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%

Frequently Asked Questions

Can I hold both ORBX and ROKT in my portfolio?

With a correlation of 0.94, ORBX and ROKT 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, ORBX or ROKT?

On fees, ROKT is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORBX or ROKT?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.50% for ORBX.

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

ROKT has the higher dividend yield at 0.29%, compared with 0.00% for ORBX.

What is the main difference between ORBX and ROKT?

ORBX is categorized as Aerospace & Defense, while ROKT is Industrials Equities. ORBX tracks Global X Space Tech Index, while ROKT tracks S&P Kensho Final Frontiers Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for ORBX and 0.45% for ROKT.