ORBX vs. ROKT

Last updated Jun 4, 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. With a 0.96 correlation, they move nearly in lockstep. 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: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROKT

• 1D: -3.71%
• 1M: 12.62%
• YTD: 46.55%
• 6M: 60.20%
• 1Y: 111.37%
• 3Y*: 44.75%
• 5Y*: 24.68%
• 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	22.02%
ROKT SPDR S&P Kensho Final Frontiers ETF	12.42%

Correlation

The correlation between ORBX and ROKT is 0.96 - 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 Apr 16, 2026	0.96

Return for Risk

ORBX vs. ROKT — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 93
ROKT Sharpe Ratio Rank: 95
ROKT Sortino Ratio Rank: 92
ROKT Omega Ratio Rank: 89
ROKT Calmar Ratio Rank: 96
ROKT Martin Ratio Rank: 96

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.

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

Sharpe Ratios by Period

	ORBX	ROKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.31	0.86	+3.45

Drawdowns

ORBX vs. ROKT - Drawdown Comparison

The maximum ORBX drawdown since its inception was -18.53%, smaller than the maximum ROKT 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	-18.53%	-43.16%	+24.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.40%	—
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	-18.53%	-8.82%	-9.71%
Average Drawdown Average peak-to-trough decline	-5.01%	-6.75%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.12%	—

Volatility

Volatility by Period

	ORBX	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.41%	28.89%	+50.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.41%	22.78%	+56.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.41%	25.14%	+54.27%

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 0.27%.

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	0.27%	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 0.96, 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 0.27%, 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.