WARP vs. MSFT

Last updated Jun 25, 2026

WARP (VanEck Space ETF) is Industrials Equities fund tracking the MarketVector Space Index, while MSFT (Microsoft Corporation) is a stock. At a 0.07 correlation, their price movements are largely independent.

Performance

WARP vs. MSFT - Performance Comparison

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

Returns By Period

WARP

• 1D: -4.50%
• 1M: -33.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFT

• 1D: -2.27%
• 1M: -12.69%
• YTD: -24.10%
• 6M: -24.78%
• 1Y: -24.84%
• 3Y*: 3.75%
• 5Y*: 7.52%
• 10Y*: 23.56%

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

WARP vs. MSFT - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-13.52%
MSFT Microsoft Corporation	-11.52%

Correlation

The correlation between WARP and MSFT is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.07

Return for Risk

WARP vs. MSFT — Risk / Return Rank

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

WARP

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

MSFT

MSFT Risk / Return Rank: 9
MSFT Sharpe Ratio Rank: 6
MSFT Sortino Ratio Rank: 9
MSFT Omega Ratio Rank: 9
MSFT Calmar Ratio Rank: 15
MSFT Martin Ratio Rank: 8

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.

WARP vs. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Microsoft Corporation (MSFT). 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.

	WARP	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.96	—
Sortino ratio: Return per unit of downside risk	—	-1.25	—
Omega ratio: Gain probability vs. loss probability	—	0.84	—
Calmar ratio: Return relative to maximum drawdown	—	-0.74	—
Martin ratio: Return relative to average drawdown	—	-1.45	—

Drawdowns

WARP vs. MSFT - Drawdown Comparison

The maximum WARP drawdown since its inception was -41.34%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for WARP and MSFT.

Drawdown Indicators

	WARP	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-41.34%	-69.38%	+28.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-41.34%	-32.15%	-9.19%
Average Drawdown Average peak-to-trough decline	-14.35%	-21.79%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.20%	—

Volatility

Volatility by Period

	WARP	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.59%	26.05%	+62.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.59%	26.81%	+61.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.59%	27.09%	+61.50%

Dividends

WARP vs. MSFT - Dividend Comparison

WARP has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.97%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
WARP VanEck Space ETF	0.00%	0.00%	0.00%	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 WARP and MSFT in my portfolio?

WARP and MSFT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.