WARP vs. NASA

Last updated Aug 2, 2026

WARP (VanEck Space ETF) and NASA (Tema Space Innovators ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while NASA is a Aerospace & Defense fund actively managed by Tema. WARP is passively managed, while NASA is actively managed. Their 0.96 correlation means they have historically moved very closely together. WARP charges 0.50%/yr vs 0.75%/yr for NASA.

Performance

WARP vs. NASA - Performance Comparison

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

Returns By Period

WARP

• 1D: 0.12%
• 1M: -24.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NASA

• 1D: 0.09%
• 1M: -25.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NASA Tema Space Innovators ETF	$29.19M	$44.00M	$218.58M
WARP VanEck Space ETF	$689.03K	$935.93K	$3.74M

WARP vs. NASA - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-28.08%
NASA Tema Space Innovators ETF	-28.95%

Correlation

The correlation between WARP and NASA is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.96

Return for Risk

WARP vs. NASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Tema Space Innovators ETF (NASA). 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

WARP vs. NASA - Drawdown Comparison

The maximum WARP drawdown since its inception was -53.52%, which is greater than NASA's maximum drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for WARP and NASA.

Drawdown Indicators

	WARP	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-53.52%	-50.97%	-2.55%
Current Drawdown Current decline from peak	-51.22%	-48.39%	-2.83%
Average Drawdown Average peak-to-trough decline	-27.73%	-17.87%	-9.86%

Volatility

Volatility by Period

	WARP	NASA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	76.65%	65.62%	+11.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.65%	65.62%	+11.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.65%	65.62%	+11.03%

WARP vs. NASA - Expense Ratio Comparison

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

Dividends

WARP vs. NASA - Dividend Comparison

Neither WARP nor NASA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and NASA in my portfolio?

With a correlation of 0.96, WARP and NASA 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 NASA?

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 NASA?

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

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

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

What is the main difference between WARP and NASA?

WARP is categorized as Industrials Equities, while NASA is Aerospace & Defense. They also come from different issuers: VanEck and Tema. Their fees differ too: 0.50% for WARP and 0.75% for NASA.