CGW vs. ESPO
Compare and contrast key facts about Invesco S&P Global Water Index ETF (CGW) and VanEck Vectors Video Gaming and eSports ETF (ESPO).
CGW and ESPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. ESPO is a passively managed fund by VanEck that tracks the performance of the MVIS Global Video Gaming and eSports Index. It was launched on Oct 16, 2018. Both CGW and ESPO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGW or ESPO.
Key characteristics
| CGW | ESPO | |
|---|---|---|
| YTD Return | 10.27% | 14.68% |
| 1Y Return | 18.48% | 27.26% |
| 3Y Return (Ann) | 5.02% | 1.21% |
| 5Y Return (Ann) | 12.36% | 16.46% |
| Sharpe Ratio | 1.26 | 1.26 |
| Daily Std Dev | 14.61% | 20.05% |
| Max Drawdown | -57.24% | -50.99% |
| Current Drawdown | -0.65% | -15.38% |
Correlation
The correlation between CGW and ESPO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CGW vs. ESPO - Performance Comparison
In the year-to-date period, CGW achieves a 10.27% return, which is significantly lower than ESPO's 14.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGW vs. ESPO - Expense Ratio Comparison
CGW has a 0.57% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Risk-Adjusted Performance
CGW vs. ESPO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Global Water Index ETF (CGW) and VanEck Vectors Video Gaming and eSports ETF (ESPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CGW vs. ESPO - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 1.41%, more than ESPO's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 1.41% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
ESPO VanEck Vectors Video Gaming and eSports ETF | 0.83% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CGW vs. ESPO - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for CGW and ESPO. For additional features, visit the drawdowns tool.
Volatility
CGW vs. ESPO - Volatility Comparison
The current volatility for Invesco S&P Global Water Index ETF (CGW) is 3.39%, while VanEck Vectors Video Gaming and eSports ETF (ESPO) has a volatility of 6.40%. This indicates that CGW experiences smaller price fluctuations and is considered to be less risky than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.