ESPO vs. BETZ
ESPO (VanEck Video Gaming and eSports ETF) and BETZ (Roundhill Sports Betting & iGaming ETF) are both exchange-traded funds - ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index, while BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index. Both are passively managed. Over the past 5 years, ESPO returned 5.31%/yr vs -8.72%/yr for BETZ. A 0.64 correlation means they provide meaningful diversification when combined. ESPO charges 0.55%/yr vs 0.75%/yr for BETZ.
Performance
ESPO vs. BETZ - Performance Comparison
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Returns By Period
In the year-to-date period, ESPO achieves a -16.33% return, which is significantly lower than BETZ's -10.44% return.
ESPO
- 1D
- -0.79%
- 1M
- -2.71%
- YTD
- -16.33%
- 6M
- -16.76%
- 1Y
- -16.63%
- 3Y*
- 17.97%
- 5Y*
- 5.31%
- 10Y*
- —
BETZ
- 1D
- -2.39%
- 1M
- 1.93%
- YTD
- -10.44%
- 6M
- -10.50%
- 1Y
- -12.49%
- 3Y*
- 5.42%
- 5Y*
- -8.72%
- 10Y*
- —
ESPO vs. BETZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | -16.33% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 45.58% |
BETZ Roundhill Sports Betting & iGaming ETF | -10.44% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
Correlation
The correlation between ESPO and BETZ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.64 |
The correlation between ESPO and BETZ shifts across timeframes, from 0.49 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
ESPO vs. BETZ - Sectors Allocation Comparison
Sectors
ESPO
BETZ
Technology
Communication Services
Consumer Cyclical
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
ESPO
BETZ
Communication Services
ESPO
BETZ
Consumer Cyclical
ESPO
BETZ
Basic Materials
ESPO
-
BETZ
-
Consumer Defensive
ESPO
-
BETZ
-
Energy
ESPO
-
BETZ
-
Financial Services
ESPO
-
BETZ
Healthcare
ESPO
-
BETZ
-
Industrials
ESPO
-
BETZ
-
Real Estate
ESPO
-
BETZ
-
Utilities
ESPO
-
BETZ
-
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Return for Risk
ESPO vs. BETZ — Risk / Return Rank
ESPO
BETZ
ESPO vs. BETZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Video Gaming and eSports ETF (ESPO) and Roundhill Sports Betting & iGaming ETF (BETZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESPO | BETZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.92 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.43 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.71 | -0.30 |
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Drawdowns
ESPO vs. BETZ - Drawdown Comparison
The maximum ESPO drawdown since its inception was -50.99%, smaller than the maximum BETZ drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for ESPO and BETZ.
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Drawdown Indicators
| ESPO | BETZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -60.82% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -28.25% | -29.20% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.25% | -29.20% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -48.33% | -59.79% | +11.46% |
Current DrawdownCurrent decline from peak | -28.25% | -39.41% | +11.16% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -33.82% | +18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 17.59% | -1.10% |
Volatility
ESPO vs. BETZ - Volatility Comparison
The current volatility for VanEck Video Gaming and eSports ETF (ESPO) is 4.23%, while Roundhill Sports Betting & iGaming ETF (BETZ) has a volatility of 6.83%. This indicates that ESPO experiences smaller price fluctuations and is considered to be less risky than BETZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPO | BETZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 6.83% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 16.62% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 20.78% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.09% | 27.00% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.68% | 27.95% | -2.27% |
ESPO vs. BETZ - Expense Ratio Comparison
ESPO has a 0.55% expense ratio, which is lower than BETZ's 0.75% expense ratio.
Dividends
ESPO vs. BETZ - Dividend Comparison
ESPO's dividend yield for the trailing twelve months is around 1.49%, less than BETZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.11% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% | 0.00% | 0.00% |
ESPO VanEck Video Gaming and eSports ETF | 1.49% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
Frequently Asked Questions
ESPO and BETZ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETZ has higher volatility (6.83%) compared to ESPO (4.23%). In terms of maximum drawdown, ESPO dropped -50.99% vs BETZ's -60.82%.
On 5-year performance, ESPO leads with 5.31% vs -8.72% for BETZ. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ESPO has performed better with a 5.31% return vs -8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESPO is cheaper with a 0.55% expense ratio, compared with 0.75% for BETZ.
BETZ has the higher dividend yield at 5.11%, compared with 1.49% for ESPO.
ESPO is categorized as Gaming, while BETZ is Consumer Discretionary Equities. ESPO tracks MVIS Global Video Gaming and eSports Index, while BETZ tracks Roundhill Sports Betting & iGaming Index. They also come from different issuers: VanEck and Roundhill Investments. Their fees differ too: 0.55% for ESPO and 0.75% for BETZ.
BETZ currently has the higher Sharpe Ratio (-0.60 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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