ESPO vs. GSIB
ESPO (VanEck Video Gaming and eSports ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index, while GSIB is a Financials Equities fund actively managed by Themes. ESPO is passively managed, while GSIB is actively managed. Over the past year, ESPO returned -11.33% vs 46.76% for GSIB. Their 0.48 correlation means their historical movements had little consistent relationship. ESPO charges 0.55%/yr vs 0.35%/yr for GSIB.
Performance
ESPO vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, ESPO achieves a -9.09% return, which is significantly lower than GSIB's 22.66% return.
ESPO
- 1D
- -3.16%
- 1M
- 3.18%
- 6M
- -5.98%
- YTD
- -9.09%
- 1Y
- -11.33%
- 3Y*
- 18.46%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 16.59%
GSIB
- 1D
- -0.11%
- 1M
- 7.17%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.98M | $1.50M | $1.55M | |
| $2.37M | $1.31M | $753.15K |
ESPO vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | -9.09% | 25.79% | 47.61% | 0.54% |
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
Correlation
The correlation between ESPO and GSIB is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.48 |
The correlation between ESPO and GSIB has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
ESPO vs. GSIB - Sectors Allocation Comparison
Sectors
ESPO
GSIB
Communication Services
-
Consumer Cyclical
-
Technology
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Communication Services
ESPO
GSIB
-
Consumer Cyclical
ESPO
GSIB
-
Technology
ESPO
GSIB
Basic Materials
ESPO
-
GSIB
-
Consumer Defensive
ESPO
-
GSIB
-
Energy
ESPO
-
GSIB
-
Financial Services
ESPO
-
GSIB
Healthcare
ESPO
-
GSIB
-
Industrials
ESPO
-
GSIB
-
Real Estate
ESPO
-
GSIB
-
Utilities
ESPO
-
GSIB
-
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Return for Risk
ESPO vs. GSIB — Risk / Return Rank
ESPO
GSIB
ESPO vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Video Gaming and eSports ETF (ESPO) and Themes Global Systemically Important Banks ETF (GSIB). 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 | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.43 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 3.38 | -3.77 |
| Martin ratioReturn relative to average drawdown | -0.62 | 11.87 | -12.49 |
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Drawdowns
ESPO vs. GSIB - Drawdown Comparison
The maximum ESPO drawdown since its inception was -50.99%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for ESPO and GSIB.
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Drawdown Indicators
| ESPO | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -17.71% | -33.28% |
Max Drawdown (1Y)Largest decline over 1 year | -29.43% | -13.90% | -15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -29.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.33% | — | — |
Current DrawdownCurrent decline from peak | -22.03% | -0.11% | -21.92% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -1.99% | -13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.32% | 3.95% | +14.37% |
Volatility
ESPO vs. GSIB - Volatility Comparison
VanEck Video Gaming and eSports ETF (ESPO) has a higher volatility of 6.66% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.74%. This indicates that ESPO's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPO | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 5.74% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 14.93% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.65% | 17.90% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 18.46% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 18.46% | +7.19% |
ESPO vs. GSIB - Expense Ratio Comparison
ESPO has a 0.55% expense ratio, which is higher than GSIB's 0.35% expense ratio.
Dividends
ESPO vs. GSIB - Dividend Comparison
ESPO's dividend yield for the trailing twelve months is around 1.37%, less than GSIB's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.37% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
GSIB Themes Global Systemically Important Banks ETF | 1.55% | 1.91% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESPO and GSIB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESPO has higher volatility (6.66%) compared to GSIB (5.74%). In terms of maximum drawdown, ESPO dropped -50.99% vs GSIB's -17.71%.
On 1-year performance, GSIB leads with 46.76% vs -11.33% for ESPO. On fees, GSIB is cheaper at 0.35% per year. On volatility, GSIB has been the lower-risk option at 5.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSIB has performed better with a 46.76% return vs -11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIB is cheaper with a 0.35% expense ratio, compared with 0.55% for ESPO.
GSIB has the higher dividend yield at 1.55%, compared with 1.37% for ESPO.
ESPO is categorized as Gaming, while GSIB is Financials Equities. They also come from different issuers: VanEck and Themes. Their fees differ too: 0.55% for ESPO and 0.35% for GSIB.
GSIB currently has the higher Sharpe Ratio (2.63 vs -0.58), 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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