WARP vs. SOXQ

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. WARP charges 0.50%/yr vs 0.19%/yr for SOXQ.

Performance

WARP vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Space ETF (WARP) and Invesco PHLX Semiconductor ETF (SOXQ). 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*: —

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

WARP vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
SOXQ Invesco PHLX Semiconductor ETF	24.68%

Correlation

The correlation between WARP and SOXQ is 0.59, 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	0.59

Return for Risk

WARP vs. SOXQ — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

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. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	22.26	0.98	+21.28

Drawdowns

WARP vs. SOXQ - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for WARP and SOXQ.

Drawdown Indicators

	WARP	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-46.01%	+27.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Current Drawdown Current decline from peak	-18.67%	0.00%	-18.67%
Average Drawdown Average peak-to-trough decline	-3.23%	-12.96%	+9.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	WARP	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	33.78%	+50.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	36.38%	+47.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	36.38%	+47.45%

WARP vs. SOXQ - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

WARP vs. SOXQ - Dividend Comparison

WARP has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%
WARP VanEck Space ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WARP and SOXQ in my portfolio?

WARP and SOXQ have a correlation of 0.59, 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 SOXQ?

On fees, SOXQ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.50% for WARP.

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

SOXQ has the higher dividend yield at 0.26%, compared with 0.00% for WARP.

What is the main difference between WARP and SOXQ?

WARP is categorized as Industrials Equities, while SOXQ is Semiconductors. WARP tracks MarketVector Space Index, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.50% for WARP and 0.19% for SOXQ.