FGM vs. ESP0.DE

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and VanEck Video Gaming and eSports UCITS ETF (ESP0.DE).

FGM and ESP0.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGM is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Germany Index. It was launched on Feb 14, 2012. ESP0.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Video Gaming and eSports ESG. It was launched on Jun 24, 2019. Both FGM and ESP0.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FGM vs. ESP0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Germany AlphaDEX Fund (FGM) and VanEck Video Gaming and eSports UCITS ETF (ESP0.DE). The values are adjusted to include any dividend payments, if applicable.

FGM vs. ESP0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FGM First Trust Germany AlphaDEX Fund	-1.81%	63.60%	1.36%	13.28%	-30.46%	6.10%	17.26%	7.75%
ESP0.DE VanEck Video Gaming and eSports UCITS ETF	-12.46%	27.88%	48.77%	32.93%	-34.04%	-2.25%	81.92%	16.61%

Different Trading Currencies

FGM is traded in USD, while ESP0.DE is traded in EUR. To make them comparable, the ESP0.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FGM achieves a -1.81% return, which is significantly higher than ESP0.DE's -12.46% return.

FGM

• 1D: 2.03%
• 1M: -8.60%
• YTD: -1.81%
• 6M: 2.78%
• 1Y: 33.05%
• 3Y*: 19.41%
• 5Y*: 4.93%
• 10Y*: 7.67%

ESP0.DE

• 1D: 2.65%
• 1M: -1.23%
• YTD: -12.46%
• 6M: -24.15%
• 1Y: 7.01%
• 3Y*: 21.65%
• 5Y*: 7.22%
• 10Y*: —

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

FGM vs. ESP0.DE - Expense Ratio Comparison

FGM has a 0.80% expense ratio, which is higher than ESP0.DE's 0.55% expense ratio.

FGM

First Trust Germany AlphaDEX Fund

ESP0.DE

VanEck Video Gaming and eSports UCITS ETF

Return for Risk

FGM vs. ESP0.DE — Risk / Return Rank

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

FGM

FGM Risk / Return Rank: 73
FGM Sharpe Ratio Rank: 77
FGM Sortino Ratio Rank: 78
FGM Omega Ratio Rank: 74
FGM Calmar Ratio Rank: 70
FGM Martin Ratio Rank: 67

ESP0.DE

ESP0.DE Risk / Return Rank: 11
ESP0.DE Sharpe Ratio Rank: 11
ESP0.DE Sortino Ratio Rank: 11
ESP0.DE Omega Ratio Rank: 11
ESP0.DE Calmar Ratio Rank: 11
ESP0.DE Martin Ratio Rank: 11

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.

FGM vs. ESP0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and VanEck Video Gaming and eSports UCITS ETF (ESP0.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.

	FGM	ESP0.DE	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.33	+1.14
Sortino ratio Return per unit of downside risk	2.07	0.62	+1.45
Omega ratio Gain probability vs. loss probability	1.29	1.08	+0.21
Calmar ratio Return relative to maximum drawdown	1.94	0.20	+1.74
Martin ratio Return relative to average drawdown	7.32	0.48	+6.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGM vs. ESP0.DE - Sharpe Ratio Comparison

The current FGM Sharpe Ratio is 1.46, which is higher than the ESP0.DE Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of FGM and ESP0.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGM	ESP0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.33	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.29	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.72	-0.39

Correlation

The correlation between FGM and ESP0.DE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FGM vs. ESP0.DE - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.68%, while ESP0.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGM First Trust Germany AlphaDEX Fund	0.68%	0.66%	2.56%	2.82%	5.44%	1.43%	1.33%	2.30%	2.18%	2.11%	1.33%	1.13%
ESP0.DE VanEck Video Gaming and eSports UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FGM vs. ESP0.DE - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, roughly equal to the maximum ESP0.DE drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for FGM and ESP0.DE.

Drawdown Indicators

	FGM	ESP0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	-40.11%	-11.47%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-26.09%	+8.33%
Max Drawdown (5Y) Largest decline over 5 years	-51.07%	-40.11%	-10.96%
Max Drawdown (10Y) Largest decline over 10 years	-51.58%	—	—
Current Drawdown Current decline from peak	-12.71%	-23.26%	+10.55%
Average Drawdown Average peak-to-trough decline	-14.82%	-12.47%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	11.11%	-6.41%

Volatility

FGM vs. ESP0.DE - Volatility Comparison

First Trust Germany AlphaDEX Fund (FGM) has a higher volatility of 9.39% compared to VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) at 6.82%. This indicates that FGM's price experiences larger fluctuations and is considered to be riskier than ESP0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGM	ESP0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	6.82%	+2.57%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	13.07%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	22.69%	21.30%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.24%	24.25%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	24.56%	-1.61%