ORBX vs. WARP

Last updated Jul 17, 2026

ORBX (Global X Space Tech ETF) and WARP (VanEck Space ETF) are both exchange-traded funds - ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index, while WARP is a Industrials Equities fund tracking the MarketVector Space Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.

Performance

ORBX vs. WARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and VanEck Space ETF (WARP). 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*: —

WARP

• 1D: -6.10%
• 1M: -24.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORBX vs. WARP - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	-22.94%
WARP VanEck Space ETF	-24.57%

Correlation

The correlation between ORBX and WARP is 0.97 - 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 7, 2026	0.97

Return for Risk

ORBX vs. WARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) 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.

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

ORBX vs. WARP - Drawdown Comparison

The maximum ORBX drawdown since its inception was -46.74%, roughly equal to the maximum WARP drawdown of -48.83%. Use the drawdown chart below to compare losses from any high point for ORBX and WARP.

Drawdown Indicators

	ORBX	WARP	Difference
Max Drawdown Largest peak-to-trough decline	-46.74%	-48.83%	+2.09%
Current Drawdown Current decline from peak	-46.74%	-48.83%	+2.09%
Average Drawdown Average peak-to-trough decline	-17.85%	-22.53%	+4.68%

Volatility

Volatility by Period

	ORBX	WARP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.49%	82.26%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.49%	82.26%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.49%	82.26%	-2.77%

ORBX vs. WARP - Expense Ratio Comparison

Both ORBX and WARP have an expense ratio of 0.50%.

Dividends

ORBX vs. WARP - Dividend Comparison

Neither ORBX nor WARP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORBX and WARP in my portfolio?

With a correlation of 0.97, ORBX 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, ORBX or WARP?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORBX or WARP?

ORBX and WARP have the same expense ratio: 0.50% per year.

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

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

What is the main difference between ORBX and WARP?

ORBX is categorized as Aerospace & Defense, while WARP is Industrials Equities. ORBX tracks Global X Space Tech Index, while WARP tracks MarketVector Space Index. They also come from different issuers: Global X and VanEck.