Do UFO 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, UFO or WARP?

UFO has 36% of its weight in S&P 500 names and WARP has 5%, so WARP differs more from the index.

Which is cheaper, UFO or WARP?

UFO 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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UFO vs WARP: which is really different?

UFO and WARP hold 47% of their weight in the same names. Procure Space ETF and VanEck Space ETF.

35.9%

UFO in the S&P 500

4.9%

WARP in the S&P 500

+19.0%

UFO total return, 1 year

−19.9%

WARP total return, since launch

UFO · 1 year to Sep 30, 202664% of its weight is outside the S&P 500

36% of UFO's weight is in S&P 500 companies and 64% 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?

UFO 56.7

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, UFO 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 Apr 30, 2026 and Sep 30, 2026.

50%

half

47% in common

Positions both hold, largest shared weight first

Holding UFO WARP

Rocket Lab Corp 5.06% 14.52%

Viasat Inc 5.94% 4.86%

EchoStar Corp 4.79% 4.89%

Globalstar Inc 5.32% 4.57%

Iridium Communications Inc 4.53% 4.58%

Planet Labs PBC 6.21% 4.29%

MDA Space Ltd 4.13% 4.62%

Firefly Aerospace Inc 3.90% 4.46%

AST SpaceMobile Inc 3.56% 6.46%

Intuitive Machines Inc 3.48% 3.44%

SES SA 4.03% 2.71%

Voyager Technologies Inc 1.72% 2.61%

Only in UFO

Sirius XM Holdings Inc 5.08%

Garmin Ltd 4.46%

Trimble Inc 4.27%

SKY Perfect JSAT Corp 3.52%

Boeing Co/The 2.35%

Airbus SE 2.17%

Honeywell International Inc 1.93%

L3Harris Technologies Inc 1.88%

Only in WARP

Space Exploration Technologies Corp 20.43%

Sky Perfect Jsat Holdings Inc 3.50%

Nextnav Inc 2.35%

Hawkeye 360 Inc 2.00%

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	UFO	WARP	UFO	WARP	UFO	WARP
3 months	−15.7%	−18.7%	−18.2 pts	−21.2 pts	−17.8 pts	−20.8 pts
6 months	−8.4%	not published	−25.4 pts	not published	−35.3 pts	not published
1 year	+19.0%	not published	+3.3 pts	not published	−4.8 pts	not published
3 years	+160.4%	not published	+75.5 pts	not published	+50.5 pts	not published
Since launch UFO Apr 2019 · WARP May 2026	+86.5%	−19.9%	−108.9 pts	−24.7 pts	−232.4 pts	−26.6 pts

UFO 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

UFO

Procure Space ETF · Holds 64 stocks in space, 36% 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 Procure VanEck

Theme Space Space

In the S&P 500 35.9% 4.9%

Active share vs the S&P 500 98.6% 100.0%

In the Nasdaq-100 1.1% 0.0%

Holdings 64 20

Top ten, share of the fund 48.5% 73.8%

Expense ratio 0.75% 0.50%

Fee for the differing part 0.76% 0.50%

Total return, 1 year +19.0% −19.9% (since launch on May 7, 2026)

vs the S&P 500 +3.3 pts −24.7 pts

vs the Nasdaq-100 −4.8 pts −26.6 pts

Below its high −37.5% −47.2%

Net assets $587m $43m

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

UFO in plain words

By weight, 36% of UFO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 48% of the fund across 64 positions, as filed for Apr 30, 2026. Over the year to Sep 30, 2026 the fund returned +19.0% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 3.3 pts. It sits 37.5% below its all-time high of May 28, 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 UFO 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, UFO or WARP?: UFO has 36% of its weight in S&P 500 names and WARP has 5%, so WARP differs more from the index.
Which is cheaper, UFO or WARP?: UFO charges 0.75% a year and WARP charges 0.50%, so WARP is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

UFO filings on SEC EDGAR ↗UFO prospectus with the expense ratio (SEC) ↗Procure website ↗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, UFO against WARP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/ufo-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.