
The Tema Space Innovators ETF is a dynamically managed exchange-traded fund (ETF) that seeks to invest in publicly traded companies poised to profit from the ongoing commercialization and expansion of the global space industry. Its investment portfolio spans a diverse range of businesses, including those involved in manufacturing and operating satellites, offering launch services, facilitating space-based communication and internet, gathering earth observation and geospatial information, building in-orbit infrastructure, and applying space technology for defense. The Tema investment…
Is NASA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

iShares U.S. Aerospace & Defense ETF offers a significantly lower expense ratio of 0.37% compared to 0.75% for Tema Space Innovators ETF. Tema Space Innovators ETF provides concentrated exposure to 37 holdings in space commerce, while iShares U.S. Aerospace & Defense ETF holds 50 stocks in the broader defense sector.

The Tema Space Innovators ETF has a higher annual expense ratio and exhibits more volatility than the U.S. Global Jets ETF. The U.S. Global Jets ETF provides concentrated exposure to the global airline industry and has a longer operational history.

The Tema Space Innovators ETF (NASA) is favored over the Procure Space ETF (UFO) due to its heavier SpaceX concentration and lower direct rival exposure. NASA holds SpaceX and its rivals at a 1:1 allocation, whereas UFO is 1:2, and the fund that owns more SpaceX and fewer rivals wins in my view. NASA's two SpaceX positions, including private shares bought pre-IPO through an SPV, are nearly a quarter of the fund; UFO, a passive index, waited for the IPO.

Investors looking for exposure to SpaceX (NASDAQ: SPCX) and the fast-growing commercial space industry can turn to exchange-traded funds (ETFs).

The Tema Space Innovators ETF manages more assets under management (AUM) but carries a higher expense ratio than First Trust Indxx Aerospace & Defense ETF. The First Trust Indxx Aerospace & Defense ETF offers a broader portfolio with 49 holdings compared to the 37 positions in the Tema fund.