PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWM vs. ESPO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWM vs. ESPO

Last updated Jun 13, 2026

EWM (iShares MSCI Malaysia ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - EWM is a Asia Pacific Equities fund tracking the MSCI Malaysia 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, EWM returned 4.69%/yr vs 5.49%/yr for ESPO. At a 0.44 correlation, their price movements are largely independent. EWM charges 0.49%/yr vs 0.55%/yr for ESPO.

Performance

EWM vs. ESPO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EWM achieves a 2.89% return, which is significantly higher than ESPO's -15.10% return.

EWM

1D
0.25%
1M
-6.82%
YTD
2.89%
6M
6.00%
1Y
19.03%
3Y*
14.97%
5Y*
4.69%
10Y*
2.79%

ESPO

1D
-0.29%
1M
-3.31%
YTD
-15.10%
6M
-16.17%
1Y
-14.92%
3Y*
16.96%
5Y*
5.49%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWM vs. ESPO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EWM
iShares MSCI Malaysia ETF		2.89%15.74%19.46%-3.61%-6.00%-7.40%3.12%-1.41%-3.33%
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 EWM and ESPO is 0.52, 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

0.52

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

0.41

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

0.40

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.44

The correlation between EWM and ESPO shifts across timeframes, from 0.40 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.

EWM vs. ESPO - Sectors Allocation Comparison

Sectors
EWM
ESPO

Financial Services

46.6%

-

Industrials

11.1%

-

Utilities

10.8%

-

Basic Materials

8.9%

-

Consumer Defensive

7.3%

-

Communication Services

6.6%
78.1%

Energy

3.9%

-

Healthcare

3.8%

-

Consumer Cyclical

1.1%
13.8%

Real Estate

-

-

Technology

-

8.2%

Financial Services

EWM
46.6%
ESPO

-

Industrials

EWM
11.1%
ESPO

-

Utilities

EWM
10.8%
ESPO

-

Basic Materials

EWM
8.9%
ESPO

-

Consumer Defensive

EWM
7.3%
ESPO

-

Communication Services

EWM
6.6%
ESPO
78.1%

Energy

EWM
3.9%
ESPO

-

Healthcare

EWM
3.8%
ESPO

-

Consumer Cyclical

EWM
1.1%
ESPO
13.8%

Real Estate

EWM

-

ESPO

-

Technology

EWM

-

ESPO
8.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Malaysia ETF

VanEck Vectors Video Gaming and eSports ETF

Often compared with EWM:
EWM vs. EIDOEWM vs. EWYEWM vs. EWTEWM vs. EPIEWM vs. AAXJEWM vs. VOOEWM vs. SCHD
Often compared with ESPO:
ESPO vs. HEROESPO vs. ESGB.LESPO vs. GAMRESPO vs. NERDESPO vs. VGTESPO vs. MDLZESPO vs. SNSR

Return for Risk

EWM vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWM
EWM Risk / Return Rank: 4444
Overall Rank
EWM Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EWM Sortino Ratio Rank: 4343
Sortino Ratio Rank
EWM Omega Ratio Rank: 4141
Omega Ratio Rank
EWM Calmar Ratio Rank: 4848
Calmar Ratio Rank
EWM Martin Ratio Rank: 4646
Martin Ratio Rank
ESPO
ESPO Risk / Return Rank: 44
Overall Rank
ESPO Sharpe Ratio Rank: 33
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
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.

EWM vs. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) 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.

EWMESPODifference
Sharpe ratioReturn per unit of total volatility
1.36
-0.80

+2.15

Sortino ratioReturn per unit of downside risk
1.92
-1.02

+2.95

Omega ratioGain probability vs. loss probability

1.24

0.88

+0.36

Calmar ratioReturn relative to maximum drawdown

2.09

-0.54

+2.63

Martin ratioReturn relative to average drawdown

6.65

-0.94

+7.59

EWM vs. ESPO - Sharpe Ratio Comparison

The current EWM Sharpe Ratio is 1.36, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of EWM 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.

Loading charts...

Drawdowns

EWM vs. ESPO - Drawdown Comparison

The maximum EWM drawdown since its inception was -89.19%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for EWM and ESPO.

Loading charts...

Drawdown Indicators

EWMESPODifference

Max Drawdown

Largest peak-to-trough decline

-89.19%

-50.99%

-38.20%

Max Drawdown (1Y)

Largest decline over 1 year

-9.14%

-27.81%

+18.67%

Max Drawdown (3Y)

Largest decline over 3 years

-21.31%

-27.81%

+6.50%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-48.33%

+25.57%

Max Drawdown (10Y)

Largest decline over 10 years

-43.81%

—

—

Current Drawdown

Current decline from peak

-9.08%

-27.19%

+18.11%

Average Drawdown

Average peak-to-trough decline

-31.80%

-15.06%

-16.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

15.95%

-13.08%

Volatility

EWM vs. ESPO - Volatility Comparison

The current volatility for iShares MSCI Malaysia ETF (EWM) is 3.97%, while VanEck Vectors Video Gaming and eSports ETF (ESPO) has a volatility of 4.42%. This indicates that EWM experiences smaller price fluctuations and is considered to be less risky than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EWMESPODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.97%

4.42%

-0.45%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

14.67%

-3.72%

Volatility (1Y)

Calculated over the trailing 1-year period

14.10%

18.83%

-4.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.72%

25.10%

-11.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

25.71%

-9.44%

EWM vs. ESPO - Expense Ratio Comparison

EWM has a 0.49% expense ratio, which is lower than ESPO's 0.55% expense ratio.

Dividends

EWM vs. ESPO - Dividend Comparison

EWM's dividend yield for the trailing twelve months is around 3.32%, more than ESPO's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
EWM
iShares MSCI Malaysia ETF		3.32%3.41%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%

Frequently Asked Questions

EWM and ESPO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ESPO has higher volatility (4.42%) compared to EWM (3.97%). In terms of maximum drawdown, EWM dropped -89.19% vs ESPO's -50.99%.

On 5-year performance, ESPO leads with 5.49% vs 4.69% for EWM. On fees, EWM is cheaper at 0.49% per year. On volatility, EWM has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ESPO has performed better with a 5.49% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWM is cheaper with a 0.49% expense ratio, compared with 0.55% for ESPO.

EWM has the higher dividend yield at 3.32%, compared with 1.47% for ESPO.

EWM is categorized as Asia Pacific Equities, while ESPO is Large Cap Growth Equities. EWM tracks MSCI Malaysia Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.49% for EWM and 0.55% for ESPO.

EWM currently has the higher Sharpe Ratio (1.36 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.

Portfolio Optimizer

Find the right allocation for EWM and ESPO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer