ESP0.DE vs. FGM
ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) and FGM (First Trust Germany AlphaDEX Fund) are both exchange-traded funds - ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG, while FGM is a Europe Equities fund tracking the NASDAQ AlphaDEX Germany Index. Both are passively managed. Over the past 5 years, ESP0.DE returned 7.55%/yr vs 5.19%/yr for FGM. At a 0.40 correlation, their price movements are largely independent. ESP0.DE charges 0.55%/yr vs 0.80%/yr for FGM.
Performance
ESP0.DE vs. FGM - Performance Comparison
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Different Trading Currencies
ESP0.DE is traded in EUR, while FGM is traded in USD. To make them comparable, the FGM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESP0.DE achieves a -13.12% return, which is significantly lower than FGM's 5.46% return.
ESP0.DE
- 1D
- -0.62%
- 1M
- -0.41%
- YTD
- -13.12%
- 6M
- -16.53%
- 1Y
- -13.94%
- 3Y*
- 16.64%
- 5Y*
- 7.55%
- 10Y*
- —
FGM
- 1D
- -0.00%
- 1M
- 1.22%
- YTD
- 5.46%
- 6M
- 9.02%
- 1Y
- 17.10%
- 3Y*
- 18.64%
- 5Y*
- 5.19%
- 10Y*
- 7.83%
ESP0.DE vs. FGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -13.12% | 13.28% | 57.80% | 28.86% | -30.20% | 6.12% | 65.73% | 18.39% |
FGM First Trust Germany AlphaDEX Fund | 5.46% | 44.18% | 8.06% | 9.89% | -26.15% | 14.03% | 7.60% | 9.31% |
Correlation
The correlation between ESP0.DE and FGM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2019 | 0.40 |
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Return for Risk
ESP0.DE vs. FGM — Risk / Return Rank
ESP0.DE
FGM
ESP0.DE vs. FGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) and First Trust Germany AlphaDEX Fund (FGM). 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.
| ESP0.DE | FGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.18 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.10 | -1.64 |
| Martin ratioReturn relative to average drawdown | -0.93 | 3.74 | -4.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESP0.DE | FGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 0.93 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.24 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.41 | +0.30 |
Drawdowns
ESP0.DE vs. FGM - Drawdown Comparison
The maximum ESP0.DE drawdown since its inception was -40.11%, smaller than the maximum FGM drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for ESP0.DE and FGM.
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Drawdown Indicators
| ESP0.DE | FGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.11% | -45.58% | +5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -15.56% | -10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -17.62% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -40.11% | -39.45% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.58% | — |
Current DrawdownCurrent decline from peak | -24.82% | -5.19% | -19.63% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -10.42% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.94% | 4.58% | +10.36% |
Volatility
ESP0.DE vs. FGM - Volatility Comparison
The current volatility for VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) is 4.55%, while First Trust Germany AlphaDEX Fund (FGM) has a volatility of 5.75%. This indicates that ESP0.DE experiences smaller price fluctuations and is considered to be less risky than FGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESP0.DE | FGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 5.75% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 15.33% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 18.42% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 21.61% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 21.24% | +1.92% |
ESP0.DE vs. FGM - Expense Ratio Comparison
ESP0.DE has a 0.55% expense ratio, which is lower than FGM's 0.80% expense ratio.
Dividends
ESP0.DE vs. FGM - Dividend Comparison
ESP0.DE has not paid dividends to shareholders, while FGM's dividend yield for the trailing twelve months is around 0.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGM First Trust Germany AlphaDEX Fund | 0.64% | 0.66% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% |
Frequently Asked Questions
ESP0.DE and FGM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESP0.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESP0.DE is cheaper with a 0.55% expense ratio, compared with 0.80% for FGM.
ESP0.DE is categorized as Technology Equities, while FGM is Europe Equities. ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG, while FGM tracks NASDAQ AlphaDEX Germany Index. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.55% for ESP0.DE and 0.80% for FGM.
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