GAME vs. ESPO

Last updated Apr 2, 2026

Compare and contrast key facts about GameSquare Holdings Inc. (GAME) and VanEck Vectors Video Gaming and eSports ETF (ESPO).

ESPO is a passively managed fund by VanEck that tracks the performance of the MVIS Global Video Gaming and eSports Index. It was launched on Oct 16, 2018.

Performance

GAME vs. ESPO - Performance Comparison

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

GAME vs. ESPO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GAME GameSquare Holdings Inc.	-30.86%	-53.34%	-54.41%	-53.83%	-67.76%	-63.01%	-35.49%	1,951.21%	-43.98%
ESPO VanEck Vectors Video Gaming and eSports ETF	-12.86%	25.79%	47.61%	33.64%	-34.71%	-2.13%	83.93%	42.36%	-12.57%

Returns By Period

In the year-to-date period, GAME achieves a -30.86% return, which is significantly lower than ESPO's -12.86% return.

GAME

• 1D: -1.41%
• 1M: -13.29%
• YTD: -30.86%
• 6M: -62.15%
• 1Y: -52.04%
• 3Y*: -63.33%
• 5Y*: -64.22%
• 10Y*: —

ESPO

• 1D: -0.73%
• 1M: -0.65%
• YTD: -12.86%
• 6M: -24.87%
• 1Y: 2.86%
• 3Y*: 20.27%
• 5Y*: 6.63%
• 10Y*: —

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

Return for Risk

GAME vs. ESPO — Risk / Return Rank

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

GAME

GAME Risk / Return Rank: 25
GAME Sharpe Ratio Rank: 22
GAME Sortino Ratio Rank: 29
GAME Omega Ratio Rank: 29
GAME Calmar Ratio Rank: 19
GAME Martin Ratio Rank: 25

ESPO

ESPO Risk / Return Rank: 14
ESPO Sharpe Ratio Rank: 14
ESPO Sortino Ratio Rank: 15
ESPO Omega Ratio Rank: 14
ESPO Calmar Ratio Rank: 14
ESPO Martin Ratio Rank: 13

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.

GAME vs. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GameSquare Holdings Inc. (GAME) 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.

	GAME	ESPO	Difference
Sharpe ratio Return per unit of total volatility	-0.40	0.13	-0.53
Sortino ratio Return per unit of downside risk	0.03	0.34	-0.31
Omega ratio Gain probability vs. loss probability	1.00	1.04	-0.04
Calmar ratio Return relative to maximum drawdown	-0.62	0.15	-0.77
Martin ratio Return relative to average drawdown	-0.86	0.36	-1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAME vs. ESPO - Sharpe Ratio Comparison

The current GAME Sharpe Ratio is -0.40, which is lower than the ESPO Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of GAME and ESPO, 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

	GAME	ESPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	0.13	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	0.26	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.65	-0.71

Correlation

The correlation between GAME and ESPO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 1.43%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GAME GameSquare Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESPO VanEck Vectors Video Gaming and eSports ETF	1.43%	1.24%	0.44%	0.96%	0.91%	3.36%	0.12%	0.22%	0.04%

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.

Drawdown Indicators

	GAME	ESPO	Difference
Max Drawdown Largest peak-to-trough decline	-99.89%	-50.99%	-48.90%
Max Drawdown (1Y) Largest decline over 1 year	-89.36%	-27.81%	-61.55%
Max Drawdown (5Y) Largest decline over 5 years	-99.53%	-48.33%	-51.20%
Current Drawdown Current decline from peak	-99.88%	-25.27%	-74.61%
Average Drawdown Average peak-to-trough decline	-88.87%	-14.81%	-74.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.94%	11.59%	+52.35%

Volatility

GAME vs. ESPO - Volatility Comparison

GameSquare Holdings Inc. (GAME) has a higher volatility of 18.19% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 7.69%. 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.

Volatility by Period

	GAME	ESPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.19%	7.69%	+10.50%
Volatility (6M) Calculated over the trailing 6-month period	58.42%	14.31%	+44.11%
Volatility (1Y) Calculated over the trailing 1-year period	130.53%	21.46%	+109.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.12%	25.22%	+90.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	828.03%	25.89%	+802.14%