GAME vs. ESPO
GAME (GameSquare Holdings Inc.) is a stock, while ESPO (VanEck Video Gaming and eSports ETF) is Gaming fund tracking the MVIS Global Video Gaming and eSports Index. Over the past 5 years, GAME returned -61.52%/yr vs 5.31%/yr for ESPO. At a 0.16 correlation, their price movements are largely independent.
Performance
GAME vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, GAME achieves a 7.09% return, which is significantly higher than ESPO's -16.33% return.
GAME
- 1D
- -2.92%
- 1M
- -9.94%
- YTD
- 7.09%
- 6M
- -5.87%
- 1Y
- -44.28%
- 3Y*
- -48.39%
- 5Y*
- -61.52%
- 10Y*
- —
ESPO
- 1D
- -0.79%
- 1M
- -2.71%
- YTD
- -16.33%
- 6M
- -16.76%
- 1Y
- -16.63%
- 3Y*
- 17.97%
- 5Y*
- 5.31%
- 10Y*
- —
GAME vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAME GameSquare Holdings Inc. | 7.09% | -53.34% | -54.41% | -53.83% | -67.76% | -63.01% | -35.49% | 1,951.21% | -48.12% |
ESPO VanEck Video Gaming and eSports ETF | -16.33% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 42.36% | -12.49% |
Correlation
The correlation between GAME and ESPO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.16 |
Over the past year, GAME and ESPO have become more correlated (0.36) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
GAME vs. ESPO — Risk / Return Rank
GAME
ESPO
GAME vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GameSquare Holdings Inc. (GAME) and VanEck 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.
| GAME | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.86 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.59 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.60 | -1.01 | +0.41 |
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Drawdowns
GAME vs. ESPO - Drawdown Comparison
The maximum GAME drawdown since its inception was -99.89%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for GAME and ESPO.
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Drawdown Indicators
| GAME | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.89% | -50.99% | -48.90% |
Max Drawdown (1Y)Largest decline over 1 year | -89.36% | -28.25% | -61.11% |
Max Drawdown (3Y)Largest decline over 3 years | -94.19% | -28.25% | -65.94% |
Max Drawdown (5Y)Largest decline over 5 years | -99.53% | -48.33% | -51.20% |
Current DrawdownCurrent decline from peak | -99.82% | -28.25% | -71.57% |
Average DrawdownAverage peak-to-trough decline | -89.13% | -15.10% | -74.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.33% | 16.49% | +57.84% |
Volatility
GAME vs. ESPO - Volatility Comparison
GameSquare Holdings Inc. (GAME) has a higher volatility of 28.46% compared to VanEck Video Gaming and eSports ETF (ESPO) at 4.23%. This indicates that GAME'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.
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Volatility by Period
| GAME | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.46% | 4.23% | +24.23% |
Volatility (6M)Calculated over the trailing 6-month period | 72.52% | 14.64% | +57.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.47% | 18.65% | +117.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.62% | 25.09% | +92.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 450.64% | 25.68% | +424.96% |
Dividends
GAME vs. ESPO - Dividend Comparison
GAME has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.49% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
GAME GameSquare Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GAME and ESPO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAME has higher volatility (28.46%) compared to ESPO (4.23%). In terms of maximum drawdown, GAME dropped -99.89% vs ESPO's -50.99%.
GAME currently has the higher Sharpe Ratio (-0.33 vs -0.90), 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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