{
 "ticker": "WARP",
 "name": "VanEck Space ETF",
 "issuer": "VanEck",
 "desk": "themes",
 "url": "https://etfiq.com/funds/warp",
 "html": "https://etfiq.com/funds/warp",
 "markdown": "https://etfiq.com/funds/warp.md",
 "as_of": "2026-09-11",
 "verdict": "WARP holds 21 stocks, and 95% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "5.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WARP, already in the S&P 500: 5.2%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WARP, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "75.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WARP, top ten holdings: 75.9%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221219.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WARP, total return, since launch: \u221219.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$40m",
   "source": "the issuer daily holdings, added up, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "WARP, net assets: $40m (the issuer daily holdings, added up, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, May 6, 2026",
   "as_of": "2026-09-11",
   "sentence": "WARP, expense ratio: 0.50% (485BPOS XBRL, May 6, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Space",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 7, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "5.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "75.9%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "21",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Space Exploration Technologies Corp 23.8%, Rocket Lab Corp 10.4%, Viasat Inc 7.0%, Iridium Communications Inc 6.0%, Globalstar Inc 5.9%, Ast Spacemobile Inc 5.6%, Echostar Corp 5.2%, Mda Space Ltd 4.5%, Redwire Corp 4.0%, Planet Labs Pbc 3.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$40m",
   "source": "the issuer daily holdings, added up, as of Sep 10, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221247.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, May 6, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.50%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "MARS 80%, UFO 59%, ORBX 56%, NASA 52%, FSPC 33%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221227.0%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221230.3 pts",
   "Gap to Nasdaq-100": "\u221226.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u221219.9%",
   "S&P 500": "+4.7%",
   "Gap to S&P 500": "\u221224.6 pts",
   "Gap to Nasdaq-100": "\u221222.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of WARP is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 5% of WARP by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does WARP hold?",
   "a": "21 positions as published by its issuer for Sep 10, 2026, with the top ten at 76% of the fund. The largest are Space Exploration Technologies Corp at 23.8%, Rocket Lab Corp at 10.4%, Viasat Inc at 7.0%."
  },
  {
   "q": "Has WARP beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 WARP returned \u221219.9% with distributions reinvested, against +4.7% for the S&P 500, so it finished behind the index by 24.6 points."
  },
  {
   "q": "What does WARP cost?",
   "a": "The prospectus expense ratio is 0.50% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.50%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}