WARP vs. ORBX

Last updated Jun 23, 2026

WARP (VanEck Space ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.

Performance

WARP vs. ORBX - Performance Comparison

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

Returns By Period

WARP

• 1D: -6.61%
• 1M: -29.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -4.24%
• 1M: -26.02%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WARP vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-7.76%
ORBX Global X Space Tech ETF	-4.79%

Correlation

The correlation between WARP and ORBX is 0.96 - 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	0.96

Return for Risk

WARP vs. ORBX - Risk-Adjusted Trends Comparison

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

The maximum WARP drawdown since its inception was -37.43%, which is greater than ORBX's maximum drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for WARP and ORBX.

Drawdown Indicators

	WARP	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	-34.19%	-3.24%
Current Drawdown Current decline from peak	-37.43%	-34.19%	-3.24%
Average Drawdown Average peak-to-trough decline	-12.70%	-10.57%	-2.13%

Volatility

Volatility by Period

	WARP	ORBX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	90.52%	82.60%	+7.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.52%	82.60%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.52%	82.60%	+7.92%

WARP vs. ORBX - Expense Ratio Comparison

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

Dividends

WARP vs. ORBX - Dividend Comparison

Neither WARP nor ORBX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and ORBX in my portfolio?

With a correlation of 0.96, WARP and ORBX 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 ORBX?

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, WARP or ORBX?

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

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

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

What is the main difference between WARP and ORBX?

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