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 -57.63%/yr vs 8.32%/yr for ESPO. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
GAME vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, GAME achieves a -12.88% return, which is significantly lower than ESPO's -9.09% return.
GAME
- 1D
- -7.14%
- 1M
- -9.47%
- 6M
- -11.92%
- YTD
- -12.88%
- 1Y
- -58.63%
- 3Y*
- -52.09%
- 5Y*
- -57.63%
- 10Y*
- —
- ALL TIME*
- -42.75%
ESPO
- 1D
- -3.16%
- 1M
- 2.45%
- 6M
- -5.98%
- YTD
- -9.09%
- 1Y
- -10.16%
- 3Y*
- 18.46%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 16.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.98M | $1.50M | $1.55M | |
| $230.12K | $269.15K | $518.22K |
GAME vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAME GameSquare Holdings Inc. | -12.88% | -53.34% | -54.41% | -53.83% | -67.76% | -63.01% | -35.49% | 1,951.21% | -48.12% |
ESPO VanEck Video Gaming and eSports ETF | -9.09% | 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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.39 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.16 | -0.62 | -0.54 |
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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 | -75.15% | -29.43% | -45.72% |
Max Drawdown (3Y)Largest decline over 3 years | -91.70% | -29.43% | -62.27% |
Max Drawdown (5Y)Largest decline over 5 years | -99.11% | -48.33% | -50.78% |
Current DrawdownCurrent decline from peak | -99.85% | -22.03% | -77.82% |
Average DrawdownAverage peak-to-trough decline | -89.27% | -15.23% | -74.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.58% | 18.32% | +34.26% |
Volatility
GAME vs. ESPO - Volatility Comparison
GameSquare Holdings Inc. (GAME) has a higher volatility of 30.02% compared to VanEck Video Gaming and eSports ETF (ESPO) at 6.66%. 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 | 30.02% | 6.66% | +23.36% |
Volatility (6M)Calculated over the trailing 6-month period | 75.69% | 16.07% | +59.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.37% | 19.65% | +77.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.77% | 25.12% | +92.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 447.69% | 25.65% | +422.04% |
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 1.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.37% | 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 (30.02%) compared to ESPO (6.66%). In terms of maximum drawdown, GAME dropped -99.89% vs ESPO's -50.99%.
ESPO currently has the higher Sharpe Ratio (-0.58 vs -0.63), 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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