WARP vs. MARS

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and MARS (Roundhill Space & Technology ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while MARS is a Technology Equities fund actively managed by Roundhill. WARP is passively managed, while MARS is actively managed. With a 0.99 correlation, they move nearly in lockstep. WARP charges 0.50%/yr vs 0.75%/yr for MARS.

Performance

WARP vs. MARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Space ETF (WARP) and Roundhill Space & Technology ETF (MARS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WARP

• 1D: -6.84%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MARS

• 1D: -6.85%
• 1M: 20.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WARP vs. MARS - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
MARS Roundhill Space & Technology ETF	20.41%

Correlation

The correlation between WARP and MARS is 0.99 - 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 8, 2026	0.99

Return for Risk

WARP vs. MARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Roundhill Space & Technology ETF (MARS). 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

	WARP	MARS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	22.26	6.31	+15.96

Drawdowns

WARP vs. MARS - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, roughly equal to the maximum MARS drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for WARP and MARS.

Drawdown Indicators

	WARP	MARS	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-19.50%	+0.83%
Current Drawdown Current decline from peak	-18.67%	-19.50%	+0.83%
Average Drawdown Average peak-to-trough decline	-3.23%	-3.31%	+0.08%

Volatility

Volatility by Period

	WARP	MARS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	62.89%	+20.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	62.89%	+20.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	62.89%	+20.94%

WARP vs. MARS - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is lower than MARS's 0.75% expense ratio.

Dividends

WARP vs. MARS - Dividend Comparison

Neither WARP nor MARS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and MARS in my portfolio?

With a correlation of 0.99, WARP and MARS 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, WARP or MARS?

On fees, WARP 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, WARP or MARS?

WARP is cheaper with a 0.50% expense ratio, compared with 0.75% for MARS.

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

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

What is the main difference between WARP and MARS?

WARP is categorized as Industrials Equities, while MARS is Technology Equities. They also come from different issuers: VanEck and Roundhill. Their fees differ too: 0.50% for WARP and 0.75% for MARS.