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Launched · SEC filings

VanEck Space ETF

WARPNasdaqVanEckC

$17.94+0.62 (+3.61%)

As of Nov 3, 2026, 11:25 AM ET

C51/ 100

Rank 4 of 15 in Space

C51/100Rank 4 of 15inSpace
Intraday session: up, 24 prints from 17.32 to 17.94. Range 17.57 to 18.01. Use the arrow keys to read each point.17.4017.6017.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$38M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
23
Avg volume · 30D
43.6K sh
52W range
low $17.00high $41.77
Launched
Filings
SEC EDGAR

The ETF.net WARP Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Space⁠
Rank
4 of 15
Six-pillar profile for WARP. Scores out of 100: Cost 71, Risk 18, Mission not scored, Tradability 51, Holdings 35, Durability 60. Strongest: Cost (71). Weakest: Risk (18). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A71 out of 100
    Rank 4 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F18 out of 100
    Rank 14 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 7 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D35 out of 100
    Rank 12 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 8 of 15

Our read on WARP

ETF.net Research

In short

CSpace as a rulebook, not a hype trade. VanEck's 2026 entrant tracks the MarketVector Space Index, whose fast-track rule let SpaceX in at the 20% single-name ceiling days after it went public, alongside rockets, satellites and Earth-observation data.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the MarketVectorTM Space Index, which represents companies involved in the space industry.

Why people hold it

  • 0.50% a year, well under the typical space-fund fee, though UFOX (0.30%) and ROKT (0.45%) charge less.
  • The index caps any one stock at 20%, so no single name can swallow the fund. Its large-IPO fast-track rule is how SpaceX got in on methodology, not enthusiasm.vaneck.com
  • Definition of "space" runs wide: exploration, rockets and propulsion, satellite equipment and communications.vaneck.com

Worth knowing

  • Non-diversified and passively run by design, so concentration risk is a feature of the structure, not a surprise.vaneck.com
  • Launched in May 2026, so the live record is short and the asset base is still modest for the category.vaneck.com
  • The theme carries its own weather: government budgets, regulation, supply chains, geopolitics and financing needs.vaneck.com

WARP Performance

Launched May 6, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
WARP$9,252
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. WARP $9,252. SPY $10,093. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WARP. Periods over one year show the average yearly return.
PeriodWARP
Year to dateFund launched this yearNo data
1 month−16.7%
3 months−7.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WARP
YearReturn barWARP
2026 YTD−31.5%

History from May 7, 2026

WARP in the news

WARP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed May 2026. No distributions yet.

WARP Risk

Risk pillarF18 out of 100Rank 14 of 14 in Space
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

WARP Cost

Compare WARP and UFOX

Overpaying vs UFOX, cheapest in Space

$3,830

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WARP 0.50%

    $9,979

  • UFOX 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • WARP 0.50%
  • UFOX 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530WARP $9,979UFOX $6,149

Year by year

YearWARPUFOXOverpaying
10$900$545$355
20$3,460$2,113$1,347
30$9,979$6,149$3,830

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