Owns space industry companies, following an index, as its name describes.
WARP, the VanEck Space ETF, is a $43 million ETF whose main story is the orbital economy. It holds 1.6% of the money in ETFs carrying that story, 5th of 44.
The narrative it carries
This is its only narrative.
The orbital economy →
Launch, satellites and the space companies around SpaceX, now that it trades publicly.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | NASA | 39.2% | $1.33bn | – | – |
| 2 | UFOX | 22.5% | $875.0m | +39.8% | 0.30% |
| 3 | UFO | 19.7% | $535.8m | +15.2% | 0.75% |
| 4 | ARKX | 13.6% | $737.1m | +9.8% | 0.75% |
| 5 | WARP | 1.6% | $42.9m | – | 0.50% |
| 39 other ETFs | 3.4% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 44 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| WARP | +4.9% | −16.5% | – | – | – | – |
| The orbital economyits narrative | +6.6% | −9.9% | +16.9% | +18.1% | +38.0% | +13.5% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on May 7, 2026: −17.7%.
$10,000 invested May 31, 2026
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
WARP has traded for less than a year, so how it moves against the market is not shown yet.
Risk
Cost against its peers
WARP is the 3rd cheapest of 11 ETFs in the orbital economy. The dashed line is the middle of the group, 0.75% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Common questions
What story is WARP selling?
WARP’s main story is the orbital economy, which covers launch, satellites and the space companies around SpaceX, now that it trades publicly.
How much of the orbital economy does WARP hold?
WARP holds 1.6% of the money in ETFs carrying that story, 5th of 44.
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