ESPO vs. MAGS

Last updated Aug 1, 2026

ESPO (VanEck Video Gaming and eSports ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index, while MAGS is a Technology Equities fund actively managed by Roundhill. ESPO is passively managed, while MAGS is actively managed. Over the past 3 years, ESPO returned 18.46%/yr vs 28.94%/yr for MAGS. Their 0.60 correlation means they have sometimes moved together and sometimes differently. ESPO charges 0.55%/yr vs 0.29%/yr for MAGS.

Performance

ESPO vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Video Gaming and eSports ETF (ESPO) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

MAGS

• 1D: 3.19%
• 1M: 0.18%
• 6M: -0.29%
• YTD: 0.00%
• 1Y: 14.23%
• 3Y*: 28.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESPO VanEck Video Gaming and eSports ETF	$1.98M	$1.50M	$1.55M
MAGS Roundhill Magnificent Seven ETF	$254.73M	$303.60M	$278.63M

ESPO vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ESPO VanEck Video Gaming and eSports ETF	-9.09%	25.79%	47.61%	8.98%
MAGS Roundhill Magnificent Seven ETF	0.00%	22.99%	63.97%	35.74%

Correlation

The correlation between ESPO and MAGS is 0.57, 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.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.60

The correlation between ESPO and MAGS has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

ESPO vs. MAGS - Sectors Allocation Comparison

Sectors	ESPO	MAGS
Communication Services	77.7%	7.7%
Consumer Cyclical	14.2%	7.4%
Technology	8.1%	13.8%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ESPO vs. MAGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESPO

ESPO Risk / Return Rank: 5
ESPO Sharpe Ratio Rank: 4
ESPO Sortino Ratio Rank: 4
ESPO Omega Ratio Rank: 4
ESPO Calmar Ratio Rank: 6
ESPO Martin Ratio Rank: 7

MAGS

MAGS Risk / Return Rank: 27
MAGS Sharpe Ratio Rank: 27
MAGS Sortino Ratio Rank: 27
MAGS Omega Ratio Rank: 26
MAGS Calmar Ratio Rank: 25
MAGS Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESPO vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Video Gaming and eSports ETF (ESPO) and Roundhill Magnificent Seven ETF (MAGS). 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	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	0.64	-1.22
Sortino ratio: Return per unit of downside risk	-0.70	1.01	-1.72
Omega ratio: Gain probability vs. loss probability	0.92	1.12	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.39	0.77	-1.15
Martin ratio: Return relative to average drawdown	-0.62	2.26	-2.88

ESPO vs. MAGS - Sharpe Ratio Comparison

The current ESPO Sharpe Ratio is -0.58, which is lower than the MAGS Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of ESPO and MAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESPO vs. MAGS - Drawdown Comparison

The maximum ESPO drawdown since its inception was -50.99%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for ESPO and MAGS.

Drawdown Indicators

	ESPO	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-50.99%	-29.91%	-21.08%
Max Drawdown (1Y) Largest decline over 1 year	-29.43%	-18.62%	-10.81%
Max Drawdown (3Y) Largest decline over 3 years	-29.43%	-29.91%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-48.33%	—	—
Current Drawdown Current decline from peak	-22.03%	-7.02%	-15.01%
Average Drawdown Average peak-to-trough decline	-15.23%	-4.86%	-10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.32%	6.31%	+12.01%

Volatility

ESPO vs. MAGS - Volatility Comparison

The current volatility for VanEck Video Gaming and eSports ETF (ESPO) is 6.66%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 8.02%. This indicates that ESPO experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPO	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	8.02%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	16.07%	17.37%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.65%	22.30%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	26.09%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.65%	26.09%	-0.44%

ESPO vs. MAGS - Expense Ratio Comparison

ESPO has a 0.55% expense ratio, which is higher than MAGS's 0.29% expense ratio.

Dividends

ESPO vs. MAGS - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.37%, less than MAGS's 1.48% 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%
MAGS Roundhill Magnificent Seven ETF	1.48%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESPO and MAGS in my portfolio?

ESPO and MAGS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESPO or MAGS?

MAGS has higher volatility (8.02%) compared to ESPO (6.66%). In terms of maximum drawdown, ESPO dropped -50.99% vs MAGS's -29.91%.

Which ETF is better, ESPO or MAGS?

On 3-year performance, MAGS leads with 28.94% vs 18.46% for ESPO. On fees, MAGS is cheaper at 0.29% per year. On volatility, ESPO has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESPO or MAGS?

Over the 3-year period, MAGS has performed better with a 28.94% return vs 18.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESPO or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.55% for ESPO.

Which ETF pays a higher dividend yield, ESPO or MAGS?

MAGS has the higher dividend yield at 1.48%, compared with 1.37% for ESPO.

What is the main difference between ESPO and MAGS?

ESPO is categorized as Gaming, while MAGS is Technology Equities. They also come from different issuers: VanEck and Roundhill. Their fees differ too: 0.55% for ESPO and 0.29% for MAGS.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (0.64 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.