ESP0.DE vs. SMH
ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past 5 years, ESP0.DE returned 7.55%/yr vs 40.05%/yr for SMH. At a 0.47 correlation, their price movements are largely independent. ESP0.DE charges 0.55%/yr vs 0.35%/yr for SMH.
Performance
ESP0.DE vs. SMH - Performance Comparison
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Different Trading Currencies
ESP0.DE is traded in EUR, while SMH is traded in USD. To make them comparable, the SMH 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 SMH's 76.24% 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*
- —
SMH
- 1D
- -1.76%
- 1M
- 20.86%
- YTD
- 76.24%
- 6M
- 74.55%
- 1Y
- 145.84%
- 3Y*
- 59.60%
- 5Y*
- 40.05%
- 10Y*
- 37.18%
ESP0.DE vs. SMH - 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% |
SMH VanEck Semiconductor ETF | 76.24% | 31.47% | 48.28% | 68.18% | -29.41% | 52.76% | 42.71% | 34.06% |
Correlation
The correlation between ESP0.DE and SMH is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2019 | 0.47 |
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Return for Risk
ESP0.DE vs. SMH — Risk / Return Rank
ESP0.DE
SMH
ESP0.DE vs. SMH - 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 VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.64 | ||
| Sortino ratioReturn per unit of downside risk | -6.00 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.67 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 11.88 | -12.41 |
| Martin ratioReturn relative to average drawdown | -0.93 | 41.57 | -42.50 |
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 | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 4.83 | -5.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 1.17 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.79 | -0.08 |
Drawdowns
ESP0.DE vs. SMH - Drawdown Comparison
The maximum ESP0.DE drawdown since its inception was -40.11%, smaller than the maximum SMH drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for ESP0.DE and SMH.
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Drawdown Indicators
| ESP0.DE | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.11% | -56.36% | +16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -12.35% | -13.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -36.90% | +10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -40.11% | -36.90% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.90% | — |
Current DrawdownCurrent decline from peak | -24.82% | -1.76% | -23.06% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -11.17% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.94% | 3.52% | +11.42% |
Volatility
ESP0.DE vs. SMH - Volatility Comparison
The current volatility for VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) is 4.55%, while VanEck Semiconductor ETF (SMH) has a volatility of 10.92%. This indicates that ESP0.DE experiences smaller price fluctuations and is considered to be less risky than SMH 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 | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 10.92% | -6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 23.49% | -10.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 30.40% | -13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 34.29% | -11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 32.45% | -9.29% |
ESP0.DE vs. SMH - Expense Ratio Comparison
ESP0.DE has a 0.55% expense ratio, which is higher than SMH's 0.35% expense ratio.
Dividends
ESP0.DE vs. SMH - Dividend Comparison
ESP0.DE has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.
| 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% |
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
ESP0.DE and SMH have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH is cheaper with a 0.35% expense ratio, compared with 0.55% for ESP0.DE.
ESP0.DE is categorized as Technology Equities, while SMH is Semiconductors. ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG, while SMH tracks MVIS US Listed Semiconductor 25 Index. Their fees differ too: 0.55% for ESP0.DE and 0.35% for SMH.
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