WARP vs. ROKT

Last updated Jun 24, 2026

WARP (VanEck Space ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both Industrials Equities funds - WARP tracks the MarketVector Space Index while ROKT tracks the S&P Kensho Final Frontiers Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. WARP charges 0.50%/yr vs 0.45%/yr for ROKT.

Performance

WARP vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Space ETF (WARP) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WARP

• 1D: -1.83%
• 1M: -30.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROKT

• 1D: -1.14%
• 1M: -9.09%
• YTD: 34.05%
• 6M: 30.35%
• 1Y: 84.29%
• 3Y*: 39.88%
• 5Y*: 22.35%
• 10Y*: —

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

WARP vs. ROKT - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-9.45%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.69%

Correlation

The correlation between WARP and ROKT 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. ROKT — 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.

ROKT

ROKT Risk / Return Rank: 84
ROKT Sharpe Ratio Rank: 87
ROKT Sortino Ratio Rank: 80
ROKT Omega Ratio Rank: 75
ROKT Calmar Ratio Rank: 89
ROKT Martin Ratio Rank: 90

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. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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	ROKT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.72	—
Sortino ratio: Return per unit of downside risk	—	3.36	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	5.10	—
Martin ratio: Return relative to average drawdown	—	19.54	—

Drawdowns

WARP vs. ROKT - Drawdown Comparison

The maximum WARP drawdown since its inception was -38.58%, smaller than the maximum ROKT drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for WARP and ROKT.

Drawdown Indicators

	WARP	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-38.58%	-43.16%	+4.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.46%	—
Current Drawdown Current decline from peak	-38.58%	-16.60%	-21.98%
Average Drawdown Average peak-to-trough decline	-13.50%	-6.79%	-6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.33%	—

Volatility

Volatility by Period

	WARP	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.18%	31.19%	+57.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.18%	23.36%	+65.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.18%	25.41%	+63.77%

WARP vs. ROKT - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is higher than ROKT's 0.45% expense ratio.

Dividends

WARP vs. ROKT - Dividend Comparison

WARP has not paid dividends to shareholders, while ROKT's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ROKT SPDR S&P Kensho Final Frontiers ETF	0.27%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%
WARP VanEck Space ETF	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 ROKT in my portfolio?

With a correlation of 0.96, WARP and ROKT 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 ROKT?

On fees, ROKT is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or ROKT?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.50% for WARP.

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

ROKT has the higher dividend yield at 0.27%, compared with 0.00% for WARP.

What is the main difference between WARP and ROKT?

WARP tracks MarketVector Space Index, while ROKT tracks S&P Kensho Final Frontiers Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.50% for WARP and 0.45% for ROKT.