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 -59.68%/yr vs 7.16%/yr for ESPO. At a 0.15 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 -12.13% return, which is significantly lower than ESPO's -11.42% return.
GAME
- 1D
- 7.67%
- 1M
- -20.21%
- 6M
- -27.54%
- YTD
- -12.13%
- 1Y
- -81.21%
- 3Y*
- -56.25%
- 5Y*
- -59.68%
- 10Y*
- —
ESPO
- 1D
- -0.62%
- 1M
- 4.34%
- 6M
- -13.52%
- YTD
- -11.42%
- 1Y
- -11.07%
- 3Y*
- 17.58%
- 5Y*
- 7.16%
- 10Y*
- —
GAME vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAME GameSquare Holdings Inc. | -12.13% | -53.34% | -54.41% | -53.83% | -67.76% | -63.01% | -35.49% | 1,951.21% | -48.12% |
ESPO VanEck Video Gaming and eSports ETF | -11.42% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 42.36% | -12.49% |
Correlation
The correlation between GAME and ESPO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
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 | 0.15 |
The correlation between GAME and ESPO shifts across timeframes, from 0.15 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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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 | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.92 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.38 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.64 | -0.42 |
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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% | -29.43% | -59.93% |
Max Drawdown (3Y)Largest decline over 3 years | -94.09% | -29.43% | -64.66% |
Max Drawdown (5Y)Largest decline over 5 years | -99.18% | -48.33% | -50.85% |
Current DrawdownCurrent decline from peak | -99.85% | -24.03% | -75.82% |
Average DrawdownAverage peak-to-trough decline | -89.20% | -15.17% | -74.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.72% | 17.44% | +59.28% |
Volatility
GAME vs. ESPO - Volatility Comparison
GameSquare Holdings Inc. (GAME) has a higher volatility of 21.42% compared to VanEck Video Gaming and eSports ETF (ESPO) at 4.89%. 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 | 21.42% | 4.89% | +16.53% |
Volatility (6M)Calculated over the trailing 6-month period | 72.21% | 15.20% | +57.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.02% | 18.87% | +96.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.58% | 25.10% | +92.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 449.19% | 25.64% | +423.55% |
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 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.40% | 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 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAME has higher volatility (21.42%) compared to ESPO (4.89%). In terms of maximum drawdown, GAME dropped -99.89% vs ESPO's -50.99%.
ESPO currently has the higher Sharpe Ratio (-0.59 vs -0.71), 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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