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ESPO vs. PFM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESPO vs. PFM

Last updated Jun 4, 2026

ESPO (VanEck Vectors Video Gaming and eSports ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds - ESPO tracks the MVIS Global Video Gaming and eSports Index while PFM tracks the NASDAQ US Broad Dividend Achievers Index. Both are passively managed. Over the past 5 years, ESPO returned 6.23%/yr vs 10.63%/yr for PFM. A 0.54 correlation means they provide meaningful diversification when combined. ESPO charges 0.55%/yr vs 0.53%/yr for PFM.

Performance

ESPO vs. PFM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Video Gaming and eSports ETF (ESPO) and Invesco Dividend Achievers™ ETF (PFM). 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 -13.31% return, which is significantly lower than PFM's 8.18% return.

ESPO

1D
-2.20%
1M
-1.23%
YTD
-13.31%
6M
-16.99%
1Y
-11.55%
3Y*
19.46%
5Y*
6.23%
10Y*
—

PFM

1D
-0.23%
1M
3.40%
YTD
8.18%
6M
7.73%
1Y
19.65%
3Y*
16.31%
5Y*
10.63%
10Y*
11.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESPO vs. PFM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ESPO
VanEck Vectors Video Gaming and eSports ETF		-13.31%25.79%47.61%33.64%-34.71%-2.13%83.93%42.36%-12.57%
PFM
Invesco Dividend Achievers™ ETF		8.18%14.00%16.87%11.40%-6.22%23.08%9.53%26.88%-6.92%

Correlation

The correlation between ESPO and PFM is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.52

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

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2018

0.54

The correlation between ESPO and PFM has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

ESPO vs. PFM - Sectors Allocation Comparison

Sectors
ESPO
PFM

Communication Services

78.1%
1.1%

Consumer Cyclical

13.8%
4.0%

Technology

8.2%
24.7%

Basic Materials

-

3.0%

Consumer Defensive

-

12.0%

Energy

-

4.7%

Financial Services

-

18.5%

Healthcare

-

14.9%

Industrials

-

11.1%

Real Estate

-

2.0%

Utilities

-

4.2%

Communication Services

ESPO
78.1%
PFM
1.1%

Consumer Cyclical

ESPO
13.8%
PFM
4.0%

Technology

ESPO
8.2%
PFM
24.7%

Basic Materials

ESPO

-

PFM
3.0%

Consumer Defensive

ESPO

-

PFM
12.0%

Energy

ESPO

-

PFM
4.7%

Financial Services

ESPO

-

PFM
18.5%

Healthcare

ESPO

-

PFM
14.9%

Industrials

ESPO

-

PFM
11.1%

Real Estate

ESPO

-

PFM
2.0%

Utilities

ESPO

-

PFM
4.2%

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

Invesco Dividend Achievers™ ETF

Often compared with ESPO:
ESPO vs. HEROESPO vs. ESGB.LESPO vs. GAMRESPO vs. NERDESPO vs. VGTESPO vs. MDLZESPO vs. SNSR
Often compared with PFM:
PFM vs. PRFPFM vs. PHOPFM vs. EDIVPFM vs. SCHDPFM vs. VBMFXPFM vs. VIGPFM vs. VYM

Return for Risk

ESPO vs. PFM — 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: 44
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
PFM
PFM Risk / Return Rank: 6262
Overall Rank
PFM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
PFM Sortino Ratio Rank: 6666
Sortino Ratio Rank
PFM Omega Ratio Rank: 6161
Omega Ratio Rank
PFM Calmar Ratio Rank: 5656
Calmar Ratio Rank
PFM Martin Ratio Rank: 6363
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. PFM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and Invesco Dividend Achievers™ ETF (PFM). 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.

ESPOPFMDifference
Sharpe ratioReturn per unit of total volatility
-0.62
2.09

-2.70

Sortino ratioReturn per unit of downside risk
-0.75
3.07

-3.82

Omega ratioGain probability vs. loss probability

0.91

1.38

-0.47

Calmar ratioReturn relative to maximum drawdown

-0.42

2.78

-3.20

Martin ratioReturn relative to average drawdown

-0.76

11.28

-12.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESPO vs. PFM - Sharpe Ratio Comparison

The current ESPO Sharpe Ratio is -0.62, which is lower than the PFM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ESPO and PFM, 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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Sharpe Ratios by Period

ESPOPFMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.62

2.09

-2.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

0.79

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.53

+0.11

Drawdowns

ESPO vs. PFM - Drawdown Comparison

The maximum ESPO drawdown since its inception was -50.99%, roughly equal to the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for ESPO and PFM.

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Drawdown Indicators

ESPOPFMDifference

Max Drawdown

Largest peak-to-trough decline

-50.99%

-53.21%

+2.22%

Max Drawdown (1Y)

Largest decline over 1 year

-27.81%

-7.09%

-20.72%

Max Drawdown (3Y)

Largest decline over 3 years

-27.81%

-14.50%

-13.31%

Max Drawdown (5Y)

Largest decline over 5 years

-48.33%

-17.81%

-30.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.22%

—

Current Drawdown

Current decline from peak

-25.66%

-0.23%

-25.43%

Average Drawdown

Average peak-to-trough decline

-15.03%

-6.94%

-8.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.30%

1.75%

+13.55%

Volatility

ESPO vs. PFM - Volatility Comparison

VanEck Vectors Video Gaming and eSports ETF (ESPO) has a higher volatility of 5.00% compared to Invesco Dividend Achievers™ ETF (PFM) at 2.04%. This indicates that ESPO's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESPOPFMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

2.04%

+2.96%

Volatility (6M)

Calculated over the trailing 6-month period

14.58%

7.13%

+7.45%

Volatility (1Y)

Calculated over the trailing 1-year period

18.85%

9.47%

+9.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.12%

13.54%

+11.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.75%

15.21%

+10.54%

ESPO vs. PFM - Expense Ratio Comparison

ESPO has a 0.55% expense ratio, which is higher than PFM's 0.53% expense ratio.

Dividends

ESPO vs. PFM - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.44%, more than PFM's 1.33% yield.

PositionTTM20252024202320222021202020192018201720162015
ESPO
VanEck Vectors Video Gaming and eSports ETF		1.44%1.24%0.44%0.96%0.91%3.36%0.12%0.22%0.04%0.00%0.00%0.00%
PFM
Invesco Dividend Achievers™ ETF		1.33%1.41%1.58%1.86%1.95%1.69%1.92%1.94%2.27%1.70%2.56%2.36%

Frequently Asked Questions

ESPO and PFM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ESPO has higher volatility (5.00%) compared to PFM (2.04%). In terms of maximum drawdown, ESPO dropped -50.99% vs PFM's -53.21%.

On 5-year performance, PFM leads with 10.63% vs 6.23% for ESPO. On fees, PFM is cheaper at 0.53% per year. On volatility, PFM has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, PFM has performed better with a 10.63% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PFM is cheaper with a 0.53% expense ratio, compared with 0.55% for ESPO.

ESPO has the higher dividend yield at 1.44%, compared with 1.33% for PFM.

ESPO tracks MVIS Global Video Gaming and eSports Index, while PFM tracks NASDAQ US Broad Dividend Achievers Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for ESPO and 0.53% for PFM.

PFM currently has the higher Sharpe Ratio (2.09 vs -0.62), 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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