ESPO vs. QBTS
ESPO (VanEck Vectors Video Gaming and eSports ETF) is Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index, while QBTS (D-Wave Quantum Inc) is a stock. Over the past 3 years, ESPO returned 16.96%/yr vs 123.62%/yr for QBTS. At a 0.32 correlation, their price movements are largely independent.
Performance
ESPO vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, ESPO achieves a -15.10% return, which is significantly lower than QBTS's -10.63% return.
ESPO
- 1D
- -0.29%
- 1M
- -3.31%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.92%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
ESPO vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 33.64% | -16.25% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between ESPO and QBTS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.32 |
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Return for Risk
ESPO vs. QBTS — Risk / Return Rank
ESPO
QBTS
ESPO vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and D-Wave Quantum Inc (QBTS). 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 | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.16 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.67 | -1.21 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1.16 | -2.10 |
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Drawdowns
ESPO vs. QBTS - Drawdown Comparison
The maximum ESPO drawdown since its inception was -50.99%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for ESPO and QBTS.
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Drawdown Indicators
| ESPO | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -96.67% | +45.68% |
Max Drawdown (1Y)Largest decline over 1 year | -27.81% | -71.01% | +43.20% |
Max Drawdown (3Y)Largest decline over 3 years | -27.81% | -79.17% | +51.36% |
Max Drawdown (5Y)Largest decline over 5 years | -48.33% | — | — |
Current DrawdownCurrent decline from peak | -27.19% | -47.81% | +20.62% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -65.66% | +50.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.95% | 40.64% | -24.69% |
Volatility
ESPO vs. QBTS - Volatility Comparison
The current volatility for VanEck Vectors Video Gaming and eSports ETF (ESPO) is 4.42%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that ESPO experiences smaller price fluctuations and is considered to be less risky than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPO | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 42.66% | -38.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 76.89% | -62.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 108.46% | -89.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.10% | 150.99% | -125.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 150.99% | -125.28% |
Dividends
ESPO vs. QBTS - Dividend Comparison
ESPO's dividend yield for the trailing twelve months is around 1.47%, while QBTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
QBTS D-Wave Quantum Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESPO and QBTS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.66%) compared to ESPO (4.42%). In terms of maximum drawdown, ESPO dropped -50.99% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 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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