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ARKX vs WARP

ARK Space & Defense Innovation ETF

ARKXCCboe

VanEck Space ETF

WARPCNasdaq

Overlap

Expense ratio

WARP −0.25pt a year

ARKX0.75%WARP0.50%

Avg volume · 30D

ARKX 13.5×the volume

ARKX589KWARP43.6K

ARKX vs WARP Performance

Jul 31, 2026 – Oct 30, 2026

−2.6%ARKX−4.8%WARP

Jul 31, 2026 to Oct 30, 2026. ARKX −2.6%. WARP −4.8%. Use the arrow keys to read each point.5%10%15%20%25%Jul 2026Sep 2026Oct 2026
Expense ratio
ARKX 0.75%
WARP 0.50%, better
Fund size
ARKX $737M
WARP $38M
1Y total return
ARKX −5.0%
WARP No data
Holdings
ARKX 33
WARP 23
Avg volume (30D)
ARKX 589K sh, better
WARP 43.6K sh
NAV per share
ARKX $29.83
WARP $17.85
52W range

ETF.net Grade

ARKX: Cost 29, Risk 68, Mission not scored, Tradability 86, Holdings 48, Durability 83. WARP: Cost 71, Risk 18, Mission not scored, Tradability 51, Holdings 35, Durability 60.
Pillar letters and Scores for ARKX, WARP, with each pillar’s weight
PillarARKXWARP
Cost30% weightD29A71Higher
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherF18
Tradability15% weightA86HigherC51
Holdings10% weightC48HigherD35
Durability5% weightA83HigherB60

Rank among Space funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ARKX and WARP are both graded against the same 15 Space funds, so their Grades compare head to head.

Space⁠

Category · 15 funds
See all 15 ›

ARKX ranks 3rd and WARP 4th of 15 funds in the Space Category.

  1. Rank 1AUFOXDefiance Space and Connective Tech ETFScore 84
  2. Rank 2AROKTState Street SPDR S&P Kensho Final Frontiers ETFScore 80
  3. Rank 3CARKXARK Space & Defense Innovation ETFScore 54
  4. Rank 4CORBXGlobal X Space Tech ETFScore 51
  5. Rank 4CWARPVanEck Space ETFScore 51
  6. Rank 6CUFOProcure Space ETFScore 49

Our read on each fund

ETF.net Research

ARKXCARK Space & Defense Innovation ETF

WARPCVanEck Space ETF

In short

ARKX ARK's only space fund, and one of the rare ones in its niche run by stock pickers instead of an index. Roughly 40 global names spanning rockets, the technology that makes them work, and the companies that quietly cash in.

WARP Space 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

ARKX The fund seeks long-term capital growth by actively investing mainly in domestic and foreign equity securities of companies involved in space and defense innovation, including aerospace, enabling technologies, and aerospace beneficiaries.

WARP 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

  • ARKX Actively managed rather than index-tracked: ARK's team hand-picks roughly 40 names instead of buying whatever screens as 'space'.ark-funds.com
  • The mandate reaches past rocket builders to enabling technologies and aerospace beneficiaries, companies that profit from orbit without ever leaving the ground.
  • Global by charter, holding both US and foreign shares, so the theme isn't capped at American launch providers and defense primes.
  • Running since 2021 and actively traded at a decent size, which puts it in the upper half of the space-fund group on the practical stuff.
  • WARP 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

  • ARKX The 0.75% fee sits right at the median for space funds and above index-based rivals such as ROKT (0.45%) and ORBX (0.50%).
  • Roughly 40 holdings plus a human making the calls means single positions and ARK's stock-picking judgment both carry real weight here.
  • The stated goal is long-term capital growth, not income; the fund has not been making regular distributions.
  • WARP 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

Full ARKX profile⁠

Full WARP profile⁠

ARKX vs WARP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARKX vs WARP Cost

Overpaying ARKX vs WARP

$4,503

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

  • ARKX 0.75%

    $14,482

  • WARP 0.50%

    $9,979

$10,000
30 years

Cost over time

  • ARKX 0.75%
  • WARP 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ARKX $14,482WARP $9,979

Year by year

YearARKXWARPOverpaying
10$1,336$900$436
20$5,078$3,460$1,618
30$14,482$9,979$4,503

Expense ratio

  • 0.75%ARKX
  • 0.50%WARP, cheaper
  • Middle half of Space funds
  • Median 0.75%

WARP 5th cheapest of 15 funds

ARKX 8th cheapest of 15 funds

ARKX vs WARP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ARKX None
WARP None

Distribution history

ARKXAll ARKX payments⁠

No distribution history available.

WARPAll WARP payments⁠

No distribution history available.

ARKX vs WARP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARKX 29.1%WARP No data
Return per unit of riskSharpe ratio, 3 years
ARKX 0.96WARP No data
Worst fallMax drawdown, 5 years
ARKX −43.5%since Nov 2021WARP No data
Market sensitivityBeta, 5 years
ARKX 1.64WARP 3.00

ARKX and WARP in the news

All news⁠

Popular comparisons

  • ARKXCvsUFOXA

    ARK Space & Defense Innovation ETF · Defiance Space and Connective Tech ETF

    Expense ratio
    0.75% · 0.30%
    Category
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  • WARPCvsUFOXA

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    Expense ratio
    0.50% · 0.30%
    Category
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  • ARKXCvsROKTA

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  • WARPCvsROKTA

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    Expense ratio
    0.50% · 0.45%
    Category
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  • ARKXCvsORBXC

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    Expense ratio
    0.75% · 0.50%
    Category
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  • WARPCvsORBXC

    VanEck Space ETF · Global X Space Tech ETF

    Expense ratio
    0.50% · 0.50%
    Category
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