ESPO vs. MDLZ
ESPO (VanEck Video Gaming and eSports ETF) is Gaming fund tracking the MVIS Global Video Gaming and eSports Index, while MDLZ (Mondelez International, Inc.) is a stock. Over the past 5 years, ESPO returned 5.81%/yr vs 1.67%/yr for MDLZ. At a 0.19 correlation, their price movements are largely independent.
Performance
ESPO vs. MDLZ - Performance Comparison
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Returns By Period
In the year-to-date period, ESPO achieves a -15.67% return, which is significantly lower than MDLZ's 11.51% return.
ESPO
- 1D
- -1.03%
- 1M
- -1.94%
- YTD
- -15.67%
- 6M
- -15.96%
- 1Y
- -15.18%
- 3Y*
- 18.28%
- 5Y*
- 5.81%
- 10Y*
- —
MDLZ
- 1D
- -1.01%
- 1M
- -3.64%
- YTD
- 11.51%
- 6M
- 11.54%
- 1Y
- -9.98%
- 3Y*
- -3.98%
- 5Y*
- 1.67%
- 10Y*
- 5.92%
ESPO vs. MDLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | -15.67% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 42.36% | -12.49% |
MDLZ Mondelez International, Inc. | 11.51% | -7.03% | -15.30% | 11.17% | 2.92% | 15.87% | 8.58% | 40.42% | -2.40% |
Correlation
The correlation between ESPO and MDLZ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.19 |
The correlation between ESPO and MDLZ shifts across timeframes, from -0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESPO vs. MDLZ — Risk / Return Rank
ESPO
MDLZ
ESPO vs. MDLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Video Gaming and eSports ETF (ESPO) and Mondelez International, Inc. (MDLZ). 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 | MDLZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.94 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.39 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.93 | -0.68 | -0.25 |
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Drawdowns
ESPO vs. MDLZ - Drawdown Comparison
The maximum ESPO drawdown since its inception was -50.99%, which is greater than MDLZ's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for ESPO and MDLZ.
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Drawdown Indicators
| ESPO | MDLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -42.52% | -8.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.81% | -25.93% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.81% | -29.00% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -48.33% | -29.14% | -19.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.74% | — |
Current DrawdownCurrent decline from peak | -27.68% | -17.42% | -10.26% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -11.04% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.40% | 14.79% | +1.61% |
Volatility
ESPO vs. MDLZ - Volatility Comparison
The current volatility for VanEck Video Gaming and eSports ETF (ESPO) is 4.46%, while Mondelez International, Inc. (MDLZ) has a volatility of 6.08%. This indicates that ESPO experiences smaller price fluctuations and is considered to be less risky than MDLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPO | MDLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 6.08% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 16.72% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 22.22% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.09% | 19.57% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.68% | 21.07% | +4.61% |
Dividends
ESPO vs. MDLZ - Dividend Comparison
ESPO's dividend yield for the trailing twelve months is around 1.48%, less than MDLZ's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.48% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% | 0.00% | 0.00% | 0.00% |
MDLZ Mondelez International, Inc. | 3.31% | 3.60% | 3.00% | 2.24% | 2.21% | 2.01% | 2.05% | 1.98% | 2.40% | 1.92% | 1.62% | 1.43% |
Frequently Asked Questions
ESPO and MDLZ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDLZ has higher volatility (6.08%) compared to ESPO (4.46%). In terms of maximum drawdown, ESPO dropped -50.99% vs MDLZ's -42.52%.
MDLZ currently has the higher Sharpe Ratio (-0.45 vs -0.82), 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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