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Launched · SEC filings

VanEck Space ETF

WARPNasdaqC

$18.94−0.53 (−2.72%)

At close: Oct 13, 2026, 4:00 PM

C52/ 100

Rank 3 of 15 in Space

C52/100Rank 3 of 15inSpace
Intraday session: down, 77 prints from 19.47 to 18.94. Range 18.76 to 19.14. Use the arrow keys to read each point.18.8019.2010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$41M
1Y total return
—
Yield · Last 12 months
—
Holdings
23
Avg volume · 30D
0.1M sh
NAV per share
$19.48
52W range
low $17.84high $41.77
Launched
Filings
SEC EDGAR

The ETF.net WARP Grade

Based on 5 of 6 pillars

C

Score 52 out of 100

Category
Space⁠
Rank
3 of 15
Six-pillar profile for WARP. Scores out of 100: Cost 71, Risk 20, Mission not scored, Tradability 55, Holdings 37, Durability 58. Strongest: Cost (71). Weakest: Risk (20). Based on 5 of 6 pillars.

Score 52 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.
    F20 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.
    B55 out of 100
    Rank 6 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 11 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 8 of 15

Our read on WARP

ETF.net Research

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

  1. 010.50% a year, well under the typical space-fund fee, though UFOX (0.30%) and ROKT (0.45%) charge less.
  2. 02The 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
  3. 03Definition of "space" runs wide: exploration, rockets and propulsion, satellite equipment and communications.vaneck.com

Worth knowing

  1. 01Non-diversified and passively run by design, so concentration risk is a feature of the structure, not a surprise.vaneck.com
  2. 02Launched in May 2026, so the live record is short and the asset base is still modest for the category.vaneck.com
  3. 03The theme carries its own weather: government budgets, regulation, supply chains, geopolitics and financing needs.vaneck.com

WARP Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
23
Top-10 weight
76%
Largest holding
SPCX22.5%

Geography

  • United States84.81%
  • Japan4.95%
  • Canada4.49%
  • Luxembourg2.37%
  • Italy2.18%
  • France1.19%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPCXSpace Exploration Technologies Corp22.51%58,108$9M287
002RKLBRocket Lab Corp14.53%89,379$6M238
003ASTSAst Spacemobile Inc5.71%47,048$2M151
004ECHOEchostar Corp5.30%23,472$2M145
005VSATViasat Inc5.08%29,622$2M159
006GSATGlobalstar Inc4.72%23,618$2M93
007IRDMIridium Communications Inc4.64%40,993$2M161
008PLPlanet Labs Pbc4.59%112,028$2M91
009MDAMda Space Ltd4.49%66,960$2M15
010RDWRedwire Corp4.11%179,872$2M84
011FLYFirefly Aerospace Inc3.93%82,555$2M79
0129412.TSky Perfect Jsat Holdings Inc3.28%117,900$1M62
013LUNRIntuitive Machines Inc3.26%103,635$1M81
014VOYGVoyager Technologies Inc2.41%37,087$1M71
015SESG.PASes Sa2.37%237,238$996K50

Showing 1–15 of 23 holdings

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$8,773
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. WARP $8,773. SPY $10,332. Use the arrow keys to read each point.$7,852$9,214$10,575Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 year—
1 month−3.9%
3 months−12.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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−23.0%

History from May 7, 2026

WARP in the news

Filtered to WARP · Space

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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

WARP Risk

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.

WARP Cost

Expense ratio0.50%
  • The middle half of Space funds
  • Median 0.75%

4 of the 15 Space funds charge less.

WARP costs $50.00 a year on $10,000. The median Space fund costs $75.00.

Other funds in Space

See others