Do NASA and WARP hold the same stocks?

By their latest filings, 47% 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.

Which is more different from the S&P 500, NASA or WARP?

NASA has 3% of its weight in S&P 500 names and WARP has 5%, so WARP differs more from the index.

Which is cheaper, NASA or WARP?

NASA charges 0.75% a year and WARP charges 0.50%, so WARP is cheaper. Fees come from each fund's prospectus.

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NASA vs WARP: which is really different?

NASA and WARP hold 47% of their weight in the same names. Tema Space Innovators ETF and VanEck Space ETF.

2.6%

NASA in the S&P 500

4.9%

WARP in the S&P 500

−4.8%

NASA total return, since launch

−19.9%

WARP total return, since launch

NASA · 6 months to Sep 30, 202697% of its weight is outside the S&P 500

3% of NASA's weight is in S&P 500 companies and 97% is outside the index

WARP · 3 months to Sep 30, 202695% of its weight is outside the S&P 500

5% of WARP's weight is in S&P 500 companies and 95% is outside the index

ETFIQ Off-Index Score · WARP scores higherHow much of it is not the index it is sold as an alternative to?

NASA 82.3

WARP 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, NASA and WARP hold 47% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 30, 2026.

50%

half

47% in common

Positions both hold, largest shared weight first

Holding NASA WARP

ROCKET LAB CORP 10.35% 14.52%

SPACE EXPLORATION TECHNOLOGIES CORP 7.46% 20.43%

AST SPACEMOBILE INC 6.94% 6.46%

VIASAT INC 5.19% 4.86%

FIREFLY AEROSPACE INC 3.81% 4.46%

INTUITIVE MACHINES INC 3.44% 3.44%

MDA SPACE LTD 2.99% 4.62%

VOYAGER TECHNOLOGIES INC 3.11% 2.61%

ASTROSCALE HOLDINGS INC 2.33% 1.76%

PLANET LABS PBC 1.55% 4.29%

REDWIRE CORP 0.98% 4.38%

ECHOSTAR CORP 0.41% 4.89%

Only in NASA

SPACEX SPV EXPOSURE 16.75%

UNIVERSAL MICROWAVE TECHNOLOGY INC 4.88%

FILTRONIC PLC 3.89%

5N PLUS INC 3.38%

BLACKSKY TECHNOLOGY INC 2.24%

LUMENTUM HOLDINGS INC 2.17%

SATELLOGIC INC 2.03%

WIN SEMICONDUCTORS CORP 1.82%

Only in WARP

Iridium Communications Inc 4.58%

Globalstar Inc 4.57%

Sky Perfect Jsat Holdings Inc 3.50%

Ses Sa 2.71%

Nextnav Inc 2.35%

Avio Spa 2.22%

Eutelsat Communications Sa 1.35%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

47% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	NASA	WARP	NASA	WARP	NASA	WARP
3 months	−18.6%	−18.7%	−21.2 pts	−21.2 pts	−20.8 pts	−20.8 pts
6 months	−9.3%	not published	−26.3 pts	not published	−36.1 pts	not published
Since launch NASA Mar 2026 · WARP May 2026	−4.8%	−19.9%	−22.7 pts	−24.7 pts	−33.3 pts	−26.6 pts

NASA and WARP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NASA

Tema Space Innovators ETF · Holds 35 stocks in space, 3% of its weight in S&P 500 companies

WARP

VanEck Space ETF · Holds 20 stocks in space, 5% of its weight in S&P 500 companies

Issuer Tema VanEck

Theme Space Space

In the S&P 500 2.6% 4.9%

Active share vs the S&P 500 99.9% 100.0%

In the Nasdaq-100 2.2% 0.0%

Holdings 35 20

Top ten, share of the fund 66.1% 73.8%

Expense ratio 0.75% 0.50%

Fee for the differing part 0.75% 0.50%

Total return, 1 year −4.8% (since launch on Mar 31, 2026) −19.9% (since launch on May 7, 2026)

vs the S&P 500 −22.7 pts −24.7 pts

vs the Nasdaq-100 −33.3 pts −26.6 pts

Below its high −42.8% −47.2%

Net assets $1.1bn $43m

NASA and WARP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NASA in plain words

By weight, 3% of NASA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 66% of the fund across 35 positions, as published by its issuer for Sep 30, 2026. Since it launched on Mar 31, 2026 the fund returned −4.8% with distributions reinvested against +17.9% for the S&P 500, so a holder was behind by 22.7 pts. It sits 42.8% below its all-time high of May 27, 2026.

WARP in plain words

By weight, 5% of WARP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 74% of the fund across 20 positions, as published by its issuer for Sep 30, 2026. Since it launched on May 7, 2026 the fund returned −19.9% with distributions reinvested against +4.8% for the S&P 500, so a holder was behind by 24.7 pts. It sits 47.2% below its all-time high of May 28, 2026.

Questions people ask

Do NASA and WARP hold the same stocks?: By their latest filings, 47% 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.
Which is more different from the S&P 500, NASA or WARP?: NASA has 3% of its weight in S&P 500 names and WARP has 5%, so WARP differs more from the index.
Which is cheaper, NASA or WARP?: NASA charges 0.75% a year and WARP charges 0.50%, so WARP is cheaper. Fees come from each fund's prospectus.

Other comparisons

NASA vs ORBX NASA vs UFO NASA vs DIPR NASA vs FSPC WARP vs ARKX WARP vs DIPR WARP vs FSPC WARP vs GALX

NASA on its own →WARP on its own →How every figure is computed →Standards and sources →

Where these figures came from

NASA filings on SEC EDGAR ↗NASA prospectus with the expense ratio (SEC) ↗Tema page for NASA ↗WARP filings on SEC EDGAR ↗WARP prospectus with the expense ratio (SEC) ↗VanEck website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NASA against WARP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/nasa-vs-warp

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.