EUFN vs. ESPO

Last updated Jun 14, 2026

EUFN (iShares MSCI Europe Financials ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, EUFN returned 18.43%/yr vs 5.49%/yr for ESPO. At a 0.49 correlation, their price movements are largely independent. EUFN charges 0.48%/yr vs 0.55%/yr for ESPO.

Performance

EUFN vs. ESPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and VanEck Vectors Video Gaming and eSports ETF (ESPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUFN achieves a 4.75% return, which is significantly higher than ESPO's -15.10% return.

EUFN

• 1D: 1.20%
• 1M: 3.43%
• YTD: 4.75%
• 6M: 9.10%
• 1Y: 28.57%
• 3Y*: 32.04%
• 5Y*: 18.43%
• 10Y*: 13.48%

ESPO

• 1D: -0.29%
• 1M: -2.74%
• YTD: -15.10%
• 6M: -16.17%
• 1Y: -14.01%
• 3Y*: 16.96%
• 5Y*: 5.49%
• 10Y*: —

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

EUFN vs. ESPO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EUFN iShares MSCI Europe Financials ETF	4.75%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-10.79%
ESPO VanEck Vectors Video Gaming and eSports ETF	-15.10%	25.79%	47.61%	33.64%	-34.71%	-2.13%	83.93%	42.36%	-12.49%

Correlation

The correlation between EUFN and ESPO is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.49

The correlation between EUFN and ESPO has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

EUFN vs. ESPO - Sectors Allocation Comparison

Sectors	EUFN	ESPO
Financial Services	97.7%	-
Technology	1.0%	56.2%
Industrials	0.4%	-
Consumer Cyclical	0.2%	14.2%
Basic Materials	-	-
Communication Services	-	29.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EUFN vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUFN

EUFN Risk / Return Rank: 42
EUFN Sharpe Ratio Rank: 42
EUFN Sortino Ratio Rank: 42
EUFN Omega Ratio Rank: 39
EUFN Calmar Ratio Rank: 41
EUFN Martin Ratio Rank: 44

ESPO

ESPO Risk / Return Rank: 4
ESPO Sharpe Ratio Rank: 3
ESPO Sortino Ratio Rank: 4
ESPO Omega Ratio Rank: 4
ESPO Calmar Ratio Rank: 5
ESPO Martin Ratio Rank: 5

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.

EUFN vs. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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.

	EUFN	ESPO	Difference
Sharpe ratio: Return per unit of total volatility	1.31	-0.80	+2.11
Sortino ratio: Return per unit of downside risk	1.92	-1.02	+2.94
Omega ratio: Gain probability vs. loss probability	1.23	0.88	+0.35
Calmar ratio: Return relative to maximum drawdown	1.79	-0.54	+2.33
Martin ratio: Return relative to average drawdown	6.24	-0.94	+7.17

EUFN vs. ESPO - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of EUFN and ESPO, 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

EUFN vs. ESPO - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, roughly equal to the maximum ESPO drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for EUFN and ESPO.

Drawdown Indicators

	EUFN	ESPO	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-50.99%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-27.81%	+13.04%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-27.81%	+11.86%
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	-48.33%	+13.18%
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	—	—
Current Drawdown Current decline from peak	-0.10%	-27.19%	+27.09%
Average Drawdown Average peak-to-trough decline	-14.53%	-15.06%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	15.95%	-11.72%

Volatility

EUFN vs. ESPO - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.96% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFN	ESPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	4.42%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	17.05%	14.67%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	18.83%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.88%	25.10%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.53%	25.71%	-1.18%

EUFN vs. ESPO - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than ESPO's 0.55% expense ratio.

Dividends

EUFN vs. ESPO - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, more than ESPO's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
EUFN iShares MSCI Europe Financials ETF	3.41%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%

Frequently Asked Questions

Can I hold both EUFN and ESPO in my portfolio?

EUFN and ESPO 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, EUFN or ESPO?

EUFN has higher volatility (6.96%) compared to ESPO (4.42%). In terms of maximum drawdown, EUFN dropped -53.25% vs ESPO's -50.99%.

Which ETF is better, EUFN or ESPO?

On 5-year performance, EUFN leads with 18.43% vs 5.49% for ESPO. On fees, EUFN is cheaper at 0.48% per year. On volatility, ESPO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or ESPO?

Over the 5-year period, EUFN has performed better with a 18.43% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or ESPO?

EUFN is cheaper with a 0.48% expense ratio, compared with 0.55% for ESPO.

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

EUFN has the higher dividend yield at 3.41%, compared with 1.47% for ESPO.

What is the main difference between EUFN and ESPO?

EUFN is categorized as Financials Equities, while ESPO is Large Cap Growth Equities. EUFN tracks MSCI Europe Financials Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.48% for EUFN and 0.55% for ESPO.

Which has better risk-adjusted returns?

EUFN currently has the higher Sharpe Ratio (1.31 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.