GAMR vs. EWS

Last updated Jun 13, 2026

GAMR (Amplify Video Game Leaders ETF) and EWS (iShares MSCI Singapore ETF) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while EWS is a Asia Pacific Equities fund tracking the MSCI Singapore Index. Both are passively managed. Over the past 10 years, GAMR returned 12.44%/yr vs 7.88%/yr for EWS. A 0.58 correlation means they provide meaningful diversification when combined. GAMR charges 0.59%/yr vs 0.50%/yr for EWS.

Performance

GAMR vs. EWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) and iShares MSCI Singapore ETF (EWS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAMR achieves a -2.06% return, which is significantly lower than EWS's 5.96% return. Over the past 10 years, GAMR has outperformed EWS with an annualized return of 12.44%, while EWS has yielded a comparatively lower 7.88% annualized return.

GAMR

• 1D: 0.84%
• 1M: -0.51%
• YTD: -2.06%
• 6M: -1.64%
• 1Y: 12.75%
• 3Y*: 12.99%
• 5Y*: -1.76%
• 10Y*: 12.44%

EWS

• 1D: 0.07%
• 1M: 0.24%
• YTD: 5.96%
• 6M: 7.68%
• 1Y: 18.15%
• 3Y*: 20.28%
• 5Y*: 8.93%
• 10Y*: 7.88%

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

GAMR vs. EWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAMR Amplify Video Game Leaders ETF	-2.06%	39.20%	11.23%	6.89%	-36.96%	11.31%	76.83%	14.76%	-18.82%	59.47%
EWS iShares MSCI Singapore ETF	5.96%	31.35%	22.10%	6.15%	-9.80%	5.47%	-8.47%	14.54%	-11.34%	34.78%

Correlation

The correlation between GAMR and EWS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 10, 2016	0.58

The correlation between GAMR and EWS has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

GAMR vs. EWS - Sectors Allocation Comparison

Sectors	GAMR	EWS
Technology	66.6%	4.0%
Communication Services	24.5%	4.2%
Consumer Cyclical	8.6%	3.5%
Financial Services	0.1%	52.2%
Basic Materials	-	-
Consumer Defensive	-	4.6%
Energy	-	-
Healthcare	-	-
Industrials	-	18.1%
Real Estate	-	8.6%
Utilities	-	4.7%

Return for Risk

GAMR vs. EWS — Risk / Return Rank

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

GAMR

GAMR Risk / Return Rank: 16
GAMR Sharpe Ratio Rank: 18
GAMR Sortino Ratio Rank: 17
GAMR Omega Ratio Rank: 18
GAMR Calmar Ratio Rank: 15
GAMR Martin Ratio Rank: 14

EWS

EWS Risk / Return Rank: 39
EWS Sharpe Ratio Rank: 35
EWS Sortino Ratio Rank: 36
EWS Omega Ratio Rank: 35
EWS Calmar Ratio Rank: 51
EWS Martin Ratio Rank: 39

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.

GAMR vs. EWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) and iShares MSCI Singapore ETF (EWS). 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.

	GAMR	EWS	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.15	-0.65
Sortino ratio: Return per unit of downside risk	0.80	1.69	-0.89
Omega ratio: Gain probability vs. loss probability	1.10	1.21	-0.11
Calmar ratio: Return relative to maximum drawdown	0.39	2.24	-1.85
Martin ratio: Return relative to average drawdown	0.88	5.40	-4.53

GAMR vs. EWS - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.50, which is lower than the EWS Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of GAMR and EWS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GAMR vs. EWS - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for GAMR and EWS.

Drawdown Indicators

	GAMR	EWS	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-75.13%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-7.82%	-21.54%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-16.34%	-13.02%
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	-29.06%	-21.51%
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	-40.84%	-14.53%
Current Drawdown Current decline from peak	-18.39%	-2.77%	-15.62%
Average Drawdown Average peak-to-trough decline	-22.11%	-21.98%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.99%	3.23%	+9.76%

Volatility

GAMR vs. EWS - Volatility Comparison

Amplify Video Game Leaders ETF (GAMR) has a higher volatility of 7.57% compared to iShares MSCI Singapore ETF (EWS) at 5.05%. This indicates that GAMR's price experiences larger fluctuations and is considered to be riskier than EWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAMR	EWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	5.05%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	12.11%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	15.24%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	17.34%	+7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	18.04%	+6.28%

GAMR vs. EWS - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is higher than EWS's 0.50% expense ratio.

Dividends

GAMR vs. EWS - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.53%, less than EWS's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWS iShares MSCI Singapore ETF	3.87%	4.10%	4.28%	6.50%	2.56%	6.00%	2.68%	4.70%	4.21%	3.46%	3.96%	4.20%
GAMR Amplify Video Game Leaders ETF	0.53%	0.52%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GAMR and EWS in my portfolio?

GAMR and EWS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAMR or EWS?

GAMR has higher volatility (7.57%) compared to EWS (5.05%). In terms of maximum drawdown, GAMR dropped -55.37% vs EWS's -75.13%.

Which ETF is better, GAMR or EWS?

On 10-year performance, GAMR leads with 12.44% vs 7.88% for EWS. On fees, EWS is cheaper at 0.50% per year. On volatility, EWS has been the lower-risk option at 5.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or EWS?

Over the 10-year period, GAMR has performed better with a 12.44% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or EWS?

EWS is cheaper with a 0.50% expense ratio, compared with 0.59% for GAMR.

Which ETF pays a higher dividend yield, GAMR or EWS?

EWS has the higher dividend yield at 3.87%, compared with 0.53% for GAMR.

What is the main difference between GAMR and EWS?

GAMR is categorized as Gaming, while EWS is Asia Pacific Equities. GAMR tracks VettaFi Video Game Leaders Index, while EWS tracks MSCI Singapore Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.59% for GAMR and 0.50% for EWS.

Which has better risk-adjusted returns?

EWS currently has the higher Sharpe Ratio (1.15 vs 0.50), 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.