ESPO vs. VWCE.DE
ESPO (VanEck Vectors Video Gaming and eSports ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, ESPO returned 5.49%/yr vs 10.87%/yr for VWCE.DE. A 0.55 correlation means they provide meaningful diversification when combined. ESPO charges 0.55%/yr vs 0.19%/yr for VWCE.DE.
Performance
ESPO vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
ESPO is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESPO achieves a -15.10% return, which is significantly lower than VWCE.DE's 10.00% return.
ESPO
- 1D
- -0.29%
- 1M
- -2.74%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.01%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
VWCE.DE
- 1D
- 1.71%
- 1M
- 0.00%
- YTD
- 10.00%
- 6M
- 11.71%
- 1Y
- 26.52%
- 3Y*
- 19.75%
- 5Y*
- 10.87%
- 10Y*
- —
ESPO vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 12.17% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 10.00% | 23.23% | 17.30% | 21.91% | -18.24% | 18.47% | 15.65% | 7.58% |
Correlation
The correlation between ESPO and VWCE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.55 |
The correlation between ESPO and VWCE.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
ESPO vs. VWCE.DE — Risk / Return Rank
ESPO
VWCE.DE
ESPO vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.36 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.86 | -3.40 |
| Martin ratioReturn relative to average drawdown | -0.94 | 11.93 | -12.87 |
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Drawdowns
ESPO vs. VWCE.DE - Drawdown Comparison
The maximum ESPO drawdown since its inception was -50.99%, which is greater than VWCE.DE's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for ESPO and VWCE.DE.
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Drawdown Indicators
| ESPO | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -33.91% | -17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -27.81% | -8.91% | -18.90% |
Max Drawdown (3Y)Largest decline over 3 years | -27.81% | -17.27% | -10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -48.33% | -26.11% | -22.22% |
Current DrawdownCurrent decline from peak | -27.19% | -2.01% | -25.18% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -5.43% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.95% | 2.14% | +13.81% |
Volatility
ESPO vs. VWCE.DE - Volatility Comparison
VanEck Vectors Video Gaming and eSports ETF (ESPO) has a higher volatility of 4.42% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.93%. This indicates that ESPO's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPO | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.93% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 9.70% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 12.46% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.10% | 15.33% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 17.33% | +8.38% |
ESPO vs. VWCE.DE - Expense Ratio Comparison
ESPO has a 0.55% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
ESPO vs. VWCE.DE - Dividend Comparison
ESPO's dividend yield for the trailing twelve months is around 1.47%, while VWCE.DE 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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESPO and VWCE.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for ESPO.
ESPO is categorized as Large Cap Growth Equities, while VWCE.DE is Global Equities. ESPO tracks MVIS Global Video Gaming and eSports Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for ESPO and 0.19% for VWCE.DE.
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