WARP vs. RIFR

Last updated Jul 17, 2026

WARP (VanEck Space ETF) and RIFR (Russell Investments Global Infrastructure ETF) are both Industrials Equities funds. WARP is passively managed, while RIFR is actively managed. At a correlation of -0.08, they often move in opposite directions. WARP charges 0.50%/yr vs 0.59%/yr for RIFR.

Performance

WARP vs. RIFR - Performance Comparison

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

Returns By Period

WARP

• 1D: -6.10%
• 1M: -24.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RIFR

• 1D: 0.72%
• 1M: 1.74%
• 6M: 11.87%
• YTD: 12.68%
• 1Y: 17.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WARP vs. RIFR - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-24.57%
RIFR Russell Investments Global Infrastructure ETF	1.42%

Correlation

The correlation between WARP and RIFR is -0.08, 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	-0.08

Return for Risk

WARP vs. RIFR — 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.

RIFR

RIFR Risk / Return Rank: 59
RIFR Sharpe Ratio Rank: 60
RIFR Sortino Ratio Rank: 59
RIFR Omega Ratio Rank: 56
RIFR Calmar Ratio Rank: 63
RIFR Martin Ratio Rank: 57

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. RIFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Russell Investments Global Infrastructure ETF (RIFR). 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	RIFR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.24	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.55	—
Martin ratio: Return relative to average drawdown	—	7.76	—

Drawdowns

WARP vs. RIFR - Drawdown Comparison

The maximum WARP drawdown since its inception was -48.83%, which is greater than RIFR's maximum drawdown of -6.80%. Use the drawdown chart below to compare losses from any high point for WARP and RIFR.

Drawdown Indicators

	WARP	RIFR	Difference
Max Drawdown Largest peak-to-trough decline	-48.83%	-6.80%	-42.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.80%	—
Current Drawdown Current decline from peak	-48.83%	-0.60%	-48.23%
Average Drawdown Average peak-to-trough decline	-22.53%	-1.65%	-20.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.23%	—

Volatility

Volatility by Period

	WARP	RIFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.26%	10.82%	+71.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.26%	10.77%	+71.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.26%	10.77%	+71.49%

WARP vs. RIFR - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is lower than RIFR's 0.59% expense ratio.

Dividends

WARP vs. RIFR - Dividend Comparison

WARP has not paid dividends to shareholders, while RIFR's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025
RIFR Russell Investments Global Infrastructure ETF	0.87%	0.98%
WARP VanEck Space ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both WARP and RIFR in my portfolio?

WARP and RIFR have a correlation of -0.08, 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 RIFR?

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 RIFR?

WARP is cheaper with a 0.50% expense ratio, compared with 0.59% for RIFR.

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

RIFR has the higher dividend yield at 0.87%, compared with 0.00% for WARP.

What is the main difference between WARP and RIFR?

They also come from different issuers: VanEck and Russell. Their fees differ too: 0.50% for WARP and 0.59% for RIFR.