ROKT vs. WARP

Last updated Jul 18, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and WARP (VanEck Space ETF) are both Industrials Equities funds - ROKT tracks the S&P Kensho Final Frontiers Index while WARP tracks the MarketVector Space Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. ROKT charges 0.45%/yr vs 0.50%/yr for WARP.

Performance

ROKT vs. WARP - Performance Comparison

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

Returns By Period

ROKT

• 1D: 0.05%
• 1M: -8.89%
• 6M: 4.39%
• YTD: 26.20%
• 1Y: 56.96%
• 3Y*: 35.00%
• 5Y*: 22.04%
• 10Y*: —

WARP

• 1D: -0.86%
• 1M: -25.52%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROKT vs. WARP - Yearly Performance Comparison

	2026 (YTD)
ROKT SPDR S&P Kensho Final Frontiers ETF	-5.21%
WARP VanEck Space ETF	-25.21%

Correlation

The correlation between ROKT and WARP is 0.93, 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 May 7, 2026	0.93

Return for Risk

ROKT vs. WARP — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 66
ROKT Sharpe Ratio Rank: 70
ROKT Sortino Ratio Rank: 67
ROKT Omega Ratio Rank: 61
ROKT Calmar Ratio Rank: 67
ROKT Martin Ratio Rank: 66

WARP

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

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.

ROKT vs. WARP - Risk-Adjusted Trends Comparison

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

	ROKT	WARP	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.66	—	—
Martin ratio: Return relative to average drawdown	9.20	—	—

Drawdowns

ROKT vs. WARP - Drawdown Comparison

The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum WARP drawdown of -49.27%. Use the drawdown chart below to compare losses from any high point for ROKT and WARP.

Drawdown Indicators

	ROKT	WARP	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-49.27%	+6.11%
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	-21.49%	-49.27%	+27.78%
Average Drawdown Average peak-to-trough decline	-6.88%	-23.07%	+16.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.21%	—	—

Volatility

Volatility by Period

	ROKT	WARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.80%	81.41%	-49.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	81.41%	-57.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	81.41%	-55.99%

ROKT vs. WARP - Expense Ratio Comparison

ROKT has a 0.45% expense ratio, which is lower than WARP's 0.50% expense ratio.

Dividends

ROKT vs. WARP - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
WARP VanEck Space ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROKT and WARP in my portfolio?

With a correlation of 0.93, ROKT 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, ROKT or WARP?

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, ROKT or WARP?

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

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

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

What is the main difference between ROKT and WARP?

ROKT tracks S&P Kensho Final Frontiers Index, while WARP tracks MarketVector Space Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.45% for ROKT and 0.50% for WARP.