WARP vs. RKLB

Last updated Jun 23, 2026

WARP (VanEck Space ETF) is Industrials Equities fund tracking the MarketVector Space Index, while RKLB (Rocket Lab USA, Inc.) is a stock. Their correlation of 0.89 suggests significant overlap in exposure.

Performance

WARP vs. RKLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Space ETF (WARP) and Rocket Lab USA, Inc. (RKLB). 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*: —

RKLB

• 1D: -6.48%
• 1M: -26.13%
• YTD: 43.76%
• 6M: 29.32%
• 1Y: 233.85%
• 3Y*: 162.57%
• 5Y*: —
• 10Y*: —

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

WARP vs. RKLB - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-7.76%
RKLB Rocket Lab USA, Inc.	18.48%

Correlation

The correlation between WARP and RKLB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.89

Return for Risk

WARP vs. RKLB — 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.

RKLB

RKLB Risk / Return Rank: 90
RKLB Sharpe Ratio Rank: 93
RKLB Sortino Ratio Rank: 88
RKLB Omega Ratio Rank: 85
RKLB Calmar Ratio Rank: 93
RKLB Martin Ratio Rank: 91

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. RKLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Rocket Lab USA, Inc. (RKLB). 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	RKLB	Difference
Sharpe ratio: Return per unit of total volatility	—	2.53	—
Sortino ratio: Return per unit of downside risk	—	2.85	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	5.48	—
Martin ratio: Return relative to average drawdown	—	12.24	—

Drawdowns

WARP vs. RKLB - Drawdown Comparison

The maximum WARP drawdown since its inception was -37.43%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for WARP and RKLB.

Drawdown Indicators

	WARP	RKLB	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	-82.96%	+45.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-55.49%	—
Current Drawdown Current decline from peak	-37.43%	-33.24%	-4.19%
Average Drawdown Average peak-to-trough decline	-12.70%	-51.20%	+38.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.21%	—

Volatility

Volatility by Period

	WARP	RKLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	30.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	72.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	90.52%	93.17%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.52%	81.60%	+8.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.52%	81.60%	+8.92%

Dividends

WARP vs. RKLB - Dividend Comparison

Neither WARP nor RKLB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and RKLB in my portfolio?

WARP and RKLB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.