WARP vs. PSCI

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and PSCI (Invesco S&P SmallCap Industrials ETF) are both Industrials Equities funds - WARP tracks the MarketVector Space Index while PSCI tracks the S&P SmallCap 600 Industrials Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. WARP charges 0.50%/yr vs 0.29%/yr for PSCI.

Performance

WARP vs. PSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Space ETF (WARP) and Invesco S&P SmallCap Industrials ETF (PSCI). 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*: —

PSCI

• 1D: -0.49%
• 1M: 0.56%
• YTD: 13.72%
• 6M: 13.66%
• 1Y: 35.33%
• 3Y*: 21.37%
• 5Y*: 13.36%
• 10Y*: 14.92%

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

WARP vs. PSCI - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
PSCI Invesco S&P SmallCap Industrials ETF	-1.89%

Correlation

The correlation between WARP and PSCI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 8, 2026	0.51

Return for Risk

WARP vs. PSCI — Risk / Return Rank

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

PSCI

PSCI Risk / Return Rank: 48
PSCI Sharpe Ratio Rank: 48
PSCI Sortino Ratio Rank: 51
PSCI Omega Ratio Rank: 46
PSCI Calmar Ratio Rank: 48
PSCI Martin Ratio Rank: 49

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. PSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Invesco S&P SmallCap Industrials ETF (PSCI). 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	PSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	22.26	0.57	+21.70

Drawdowns

WARP vs. PSCI - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, smaller than the maximum PSCI drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for WARP and PSCI.

Drawdown Indicators

	WARP	PSCI	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-45.55%	+26.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.55%	—
Current Drawdown Current decline from peak	-18.67%	-2.90%	-15.77%
Average Drawdown Average peak-to-trough decline	-3.23%	-6.91%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.37%	—

Volatility

Volatility by Period

	WARP	PSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	21.05%	+62.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	23.02%	+60.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	25.25%	+58.58%

WARP vs. PSCI - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is higher than PSCI's 0.29% expense ratio.

Dividends

WARP vs. PSCI - Dividend Comparison

WARP has not paid dividends to shareholders, while PSCI's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCI Invesco S&P SmallCap Industrials ETF	1.40%	1.56%	0.65%	0.72%	0.87%	0.69%	0.59%	0.64%	0.67%	0.71%	0.74%	1.02%
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 PSCI in my portfolio?

WARP and PSCI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WARP or PSCI?

On fees, PSCI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or PSCI?

PSCI is cheaper with a 0.29% expense ratio, compared with 0.50% for WARP.

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

PSCI has the higher dividend yield at 1.40%, compared with 0.00% for WARP.

What is the main difference between WARP and PSCI?

WARP tracks MarketVector Space Index, while PSCI tracks S&P SmallCap 600 Industrials Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.50% for WARP and 0.29% for PSCI.