{"url":"https://etfiq.com/compare/themes/galx-vs-warp","section":"compare","title":"GALX vs WARP: which is really different? | ETFIQ","description":"13.5% of GALX and 4.9% of WARP is already in the S&P 500 by weight, as filed, and 24% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do GALX and WARP hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 24% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share."}},{"@type":"Question","name":"Which is more different from the S&P 500, GALX or WARP?","acceptedAnswer":{"@type":"Answer","text":"GALX has 14% of its weight in S&P 500 names and WARP has 5%, so WARP differs more from the index."}},{"@type":"Question","name":"Which is cheaper, GALX or WARP?","acceptedAnswer":{"@type":"Answer","text":"GALX charges 0.75% a year and WARP charges 0.50%, so WARP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"GALX vs WARP","item":"https://etfiq.com/compare/themes/galx-vs-warp"}]},{"@type":"WebPage","name":"GALX vs WARP: which is really different?","description":"13.5% of GALX and 4.9% of WARP is already in the S&P 500 by weight, as filed, and 24% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/galx-vs-warp","dateModified":"2026-09-30","abstract":"GALX and WARP hold 24% of their weight in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of GALX and WARP","description":"13.5% of GALX and 4.9% of WARP is already in the S&P 500 by weight, as filed, and 24% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/galx-vs-warp","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6829,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / GALX vs WARP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n GALX vs WARP: which is really different?\n\n GALX and WARP hold 24% of their weight in the same names.\n Copy this for sharing \n \n VistaShares Space Supercycle ETF and VanEck Space ETF.\n\n Download as PDF \n\n 13.5% GALX in the S&P 500 \n 4.9% WARP in the S&P 500 \n \u22121.9% GALX total return, since launch \n \u221219.9% WARP total return, since launch \n\n ETFIQ Off-Index Score: WARP scores higher\n How much of it is not the index it is sold as an alternative to?\n [GALX scores 62.3 and WARP","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/galx-vs-warp","a":{"ticker":"GALX","name":"VistaShares Space Supercycle ETF","issuer":"VistaShares","desk":"themes","as_of":"2026-09-30","verdict":"GALX holds 59 stocks, and 86% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/galx","key_facts":[{"label":"Already in the S&P 500","value":"13.5%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.0%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"36.2%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u22121.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 10, 2026"}]},"b":{"ticker":"WARP","name":"VanEck Space ETF","issuer":"VanEck","desk":"themes","as_of":"2026-09-30","verdict":"WARP holds 20 stocks, and 95% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/warp","key_facts":[{"label":"Already in the S&P 500","value":"4.9%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"100.0%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"73.8%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221219.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$43m","as_of":"2026-09-30","source":"the issuer\u2019s daily holdings, added up, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"485BPOS XBRL, May 6, 2026"}]},"overlap_pct":24,"full_text_at":"https://etfiq.com/compare/themes/galx-vs-warp"}