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ORBX vs WARP

Global X Space Tech ETF

ORBXCNasdaq

VanEck Space ETF

WARPCNasdaq

Overlap

71.9%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

ORBX0.50%WARP0.50%

Avg volume · 30D

ORBX 1.6×the volume

ORBX69.7KWARP43.6K

ORBX vs WARP Performance

Jul 31, 2026 – Oct 30, 2026

−8.0%ORBX−4.8%WARP

Jul 31, 2026 to Oct 30, 2026. ORBX −8.0%. WARP −4.8%. Use the arrow keys to read each point.0%10%20%Jul 2026Sep 2026Oct 2026
Expense ratio
ORBX 0.50%
WARP 0.50%
Fund size
ORBX $35M
WARP $38M
Holdings
ORBX 37
WARP 23
Avg volume (30D)
ORBX 69.7K sh, better
WARP 43.6K sh
NAV per share
ORBX $36.48
WARP $17.85
52W range

ETF.net Grade

ORBX: Cost 71, Risk 25, Mission not scored, Tradability 51, Holdings 29, Durability 65. WARP: Cost 71, Risk 18, Mission not scored, Tradability 51, Holdings 35, Durability 60.
Pillar letters and Scores for ORBX, WARP, with each pillar’s weight
PillarORBXWARP
Cost30% weightA71A71
Mission25% weightNot scoredNot scored
Risk15% weightD25HigherF18
Tradability15% weightC51C51
Holdings10% weightD29D35Higher
Durability5% weightB65HigherB60

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. ORBX 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 ›

ORBX ranks 4th 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

ORBXCGlobal X Space Tech ETF

WARPCVanEck Space ETF

In short

ORBX Space investing usually carries a 0.75% toll. ORBX charges 0.50% for a global basket of roughly 40 companies spanning launch systems, satellites, orbital transport and space tourism. The whole launchpad, not one slice of it.

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

ORBX ORBX seeks to track, before fees and expenses, the price and yield performance of the Global X Space Tech Index. It invests in companies benefiting from commercialization of the global space economy across launch systems, space technology and components, orbital transport, satellite-enabled services, and space exploration or tourism.

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

  • ORBX At 0.50%, it undercuts the 0.75% sticker worn by UFO, ARKX and NASA. Same theme, smaller toll.
  • The index reaches across the whole stack: launch systems, space components, orbital transport, satellite-enabled services, exploration and tourism. Not a pure rocket bet.globalxetfs.com
  • Rules-based, index-tracked and global, holding roughly 40 names. That package lands in the upper tier of the small space-ETF field.
  • 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

  • ORBX Concentration cuts both ways: about 40 stocks in one young industry, so swings run wider than a broad-market fund.
  • Launched in 2026, so there is little history to judge it by and the asset base is still building.
  • Income is not part of the design; this is a growth theme, not a payout sleeve.
  • 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 ORBX profile⁠

Full WARP profile⁠

ORBX vs WARP Holdings

As of

How ORBX and WARP differ

Overlap by weight

71.9%

Shared holdings make up 81.0% of ORBX and 79.0% of WARP.

Level by level

  • Holdings14 in both71.9%
  • Countryby domicile92.8%
  • Asset classEquity100%

Sector

No Sector split for ORBX and WARP.

Country, concentration and asset class

Country by domicile

Country weights in ORBX and WARP, widest gap first
CountryMore in ORBXMore in WARP
United StatesWARP +5.4 points
JapanWARP +1.7 points
GermanyORBX +1.4 points
South KoreaORBX +1.3 points
United KingdomORBX +1.1 points
PolandORBX +0.8 points
FranceORBX +0.7 points
SwedenORBX +0.7 points
Other countries (4)ORBX +1.0 points

Concentration

Weight in the 10 largest Holdings

  • ORBX74.5%
  • WARP73.5%

Securities held

  • ORBX37
  • WARP20

Asset class

ORBX
Equity
WARP
Equity

Holdings

  • Only in ORBX23
  • In both14
  • Only in WARP6

Only in ORBX

23 securities, 19.1% of ORBX by weight

  • Mda Space Ltd4.52%
  • Blacksky Technology Inc1.39%
  • Filtronic PLC1.28%

Only in WARP

6 securities, 20.8% of WARP by weight

  • Echostar Corp5.74%
  • Mda Space Ltd4.88%
  • Sky Perfect Jsat Holdings Inc3.46%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in ORBX and WARP, widest gap first
HoldingMore in ORBXMore in WARP
Space Exploration Techn-Cl ASPCXORBX +4.75 points
Ast Spacemobile IncASTSORBX +3.67 points
Rocket Lab CorpRKLBWARP +3.02 points
Viasat IncVSATWARP +1.32 points
Intuitive Machines IncLUNRORBX +0.65 points
SesWARP +0.61 points
Astroscale Holdings IncWARP +0.50 points
Planet Labs PbcPLWARP +0.48 points

All 36 ORBX holdings⁠All 21 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.

ORBX vs WARP Cost

Same expense ratio

$9,979

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

  • ORBX 0.50%

    $9,979

  • WARP 0.50%

    $9,979

$10,000
30 years

Cost over time

  • ORBX 0.50%
  • WARP 0.50%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ORBX $9,979WARP $9,979

Year by year

YearORBXWARP
10$900$900
20$3,460$3,460
30$9,979$9,979

Expense ratio

  • 0.50%ORBX
  • 0.50%WARP
  • Middle half of Space funds
  • Median 0.75%

ORBX 5th cheapest of 15 funds

WARP 5th cheapest of 15 funds

ORBX vs WARP Dividends

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

Distribution history

ORBXAll ORBX payments⁠

No distribution history available.

WARPAll WARP payments⁠

No distribution history available.

ORBX vs WARP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
ORBX 1.30WARP 3.00

Popular comparisons

  • ORBXCvsUFOXA

    Global X Space Tech ETF · Defiance Space and Connective Tech ETF

    Expense ratio
    0.50% · 0.30%
    Category
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  • WARPCvsUFOXA

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    Expense ratio
    0.50% · 0.30%
    Category
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  • ORBXCvsROKTA

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    Expense ratio
    0.50% · 0.45%
    Category
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  • WARPCvsROKTA

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    Expense ratio
    0.50% · 0.45%
    Category
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  • ORBXCvsARKXC

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    Expense ratio
    0.50% · 0.75%
    Category
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  • WARPCvsARKXC

    VanEck Space ETF · ARK Space & Defense Innovation ETF

    Expense ratio
    0.50% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.