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ESPO vs. GVAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESPO vs. GVAL

Last updated Jun 13, 2026

ESPO (VanEck Vectors Video Gaming and eSports ETF) and GVAL (Cambria Global Value ETF) are both exchange-traded funds - ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index, while GVAL is a Global Equities fund actively managed by Cambria. ESPO is passively managed, while GVAL is actively managed. Over the past 5 years, ESPO returned 5.49%/yr vs 13.64%/yr for GVAL. A 0.53 correlation means they provide meaningful diversification when combined. ESPO charges 0.55%/yr vs 0.64%/yr for GVAL.

Performance

ESPO vs. GVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Video Gaming and eSports ETF (ESPO) and Cambria Global Value ETF (GVAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ESPO achieves a -15.10% return, which is significantly lower than GVAL's 16.63% return.

ESPO

1D
-0.29%
1M
-2.74%
YTD
-15.10%
6M
-16.17%
1Y
-14.01%
3Y*
16.96%
5Y*
5.49%
10Y*
—

GVAL

1D
1.47%
1M
3.88%
YTD
16.63%
6M
18.08%
1Y
40.92%
3Y*
26.84%
5Y*
13.64%
10Y*
11.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESPO vs. GVAL - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ESPO
VanEck Vectors Video Gaming and eSports ETF		-15.10%25.79%47.61%33.64%-34.71%-2.13%83.93%42.36%-12.49%
GVAL
Cambria Global Value ETF		16.63%55.87%2.59%13.30%-7.98%10.70%-8.51%17.24%-7.84%

Correlation

The correlation between ESPO and GVAL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.53

The correlation between ESPO and GVAL has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

ESPO vs. GVAL - Sectors Allocation Comparison

Sectors
ESPO
GVAL

Communication Services

78.1%
4.6%

Consumer Cyclical

13.8%
2.6%

Technology

8.2%
6.5%

Basic Materials

-

8.3%

Consumer Defensive

-

1.9%

Energy

-

7.7%

Financial Services

-

16.5%

Healthcare

-

-

Industrials

-

3.6%

Real Estate

-

6.9%

Utilities

-

4.0%

Communication Services

ESPO
78.1%
GVAL
4.6%

Consumer Cyclical

ESPO
13.8%
GVAL
2.6%

Technology

ESPO
8.2%
GVAL
6.5%

Basic Materials

ESPO

-

GVAL
8.3%

Consumer Defensive

ESPO

-

GVAL
1.9%

Energy

ESPO

-

GVAL
7.7%

Financial Services

ESPO

-

GVAL
16.5%

Healthcare

ESPO

-

GVAL

-

Industrials

ESPO

-

GVAL
3.6%

Real Estate

ESPO

-

GVAL
6.9%

Utilities

ESPO

-

GVAL
4.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Video Gaming and eSports ETF

Cambria Global Value ETF

Often compared with ESPO:
ESPO vs. HEROESPO vs. ESGB.LESPO vs. GAMRESPO vs. NERDESPO vs. VGTESPO vs. MDLZESPO vs. SNSR
Often compared with GVAL:
GVAL vs. EYLDGVAL vs. AUSFGVAL vs. SPMOGVAL vs. DFIVGVAL vs. VOOGVAL vs. AVESGVAL vs. VUG

Return for Risk

ESPO vs. GVAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESPO
ESPO Risk / Return Rank: 44
Overall Rank
ESPO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
ESPO Sortino Ratio Rank: 44
Sortino Ratio Rank
ESPO Omega Ratio Rank: 44
Omega Ratio Rank
ESPO Calmar Ratio Rank: 55
Calmar Ratio Rank
ESPO Martin Ratio Rank: 55
Martin Ratio Rank
GVAL
GVAL Risk / Return Rank: 8484
Overall Rank
GVAL Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
GVAL Sortino Ratio Rank: 8888
Sortino Ratio Rank
GVAL Omega Ratio Rank: 8787
Omega Ratio Rank
GVAL Calmar Ratio Rank: 7777
Calmar Ratio Rank
GVAL Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESPO vs. GVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and Cambria Global Value ETF (GVAL). 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.

ESPOGVALDifference
Sharpe ratioReturn per unit of total volatility
-0.80
2.64

-3.43

Sortino ratioReturn per unit of downside risk
-1.02
3.50

-4.52

Omega ratioGain probability vs. loss probability

0.88

1.47

-0.59

Calmar ratioReturn relative to maximum drawdown

-0.54

3.48

-4.02

Martin ratioReturn relative to average drawdown

-0.94

13.27

-14.20

ESPO vs. GVAL - Sharpe Ratio Comparison

The current ESPO Sharpe Ratio is -0.80, which is lower than the GVAL Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of ESPO and GVAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ESPO vs. GVAL - Drawdown Comparison

The maximum ESPO drawdown since its inception was -50.99%, which is greater than GVAL's maximum drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for ESPO and GVAL.

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Drawdown Indicators

ESPOGVALDifference

Max Drawdown

Largest peak-to-trough decline

-50.99%

-46.82%

-4.17%

Max Drawdown (1Y)

Largest decline over 1 year

-27.81%

-11.50%

-16.31%

Max Drawdown (3Y)

Largest decline over 3 years

-27.81%

-15.72%

-12.09%

Max Drawdown (5Y)

Largest decline over 5 years

-48.33%

-30.83%

-17.50%

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.82%

—

Current Drawdown

Current decline from peak

-27.19%

0.00%

-27.19%

Average Drawdown

Average peak-to-trough decline

-15.06%

-13.85%

-1.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.95%

3.02%

+12.93%

Volatility

ESPO vs. GVAL - Volatility Comparison

The current volatility for VanEck Vectors Video Gaming and eSports ETF (ESPO) is 4.42%, while Cambria Global Value ETF (GVAL) has a volatility of 6.00%. This indicates that ESPO experiences smaller price fluctuations and is considered to be less risky than GVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESPOGVALDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

6.00%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

14.67%

13.40%

+1.27%

Volatility (1Y)

Calculated over the trailing 1-year period

18.83%

15.18%

+3.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.10%

18.56%

+6.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.71%

19.20%

+6.51%

ESPO vs. GVAL - Expense Ratio Comparison

ESPO has a 0.55% expense ratio, which is lower than GVAL's 0.64% expense ratio.

Dividends

ESPO vs. GVAL - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.47%, less than GVAL's 2.77% yield.

PositionTTM20252024202320222021202020192018201720162015
ESPO
VanEck Vectors Video Gaming and eSports ETF		1.47%1.24%0.44%0.96%0.91%3.36%0.12%0.22%0.04%0.00%0.00%0.00%
GVAL
Cambria Global Value ETF		2.77%2.93%4.75%6.12%5.05%2.97%1.90%2.84%4.65%2.00%2.54%2.11%

Frequently Asked Questions

ESPO and GVAL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GVAL has higher volatility (6.00%) compared to ESPO (4.42%). In terms of maximum drawdown, ESPO dropped -50.99% vs GVAL's -46.82%.

On 5-year performance, GVAL leads with 13.64% vs 5.49% for ESPO. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GVAL has performed better with a 13.64% return vs 5.49%. 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 0.64% for GVAL.

GVAL has the higher dividend yield at 2.77%, compared with 1.47% for ESPO.

ESPO is categorized as Large Cap Growth Equities, while GVAL is Global Equities. They also come from different issuers: VanEck and Cambria. Their fees differ too: 0.55% for ESPO and 0.64% for GVAL.

GVAL currently has the higher Sharpe Ratio (2.64 vs -0.80), 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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