GMVM.DE vs. ESP0.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, while ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG. Both are passively managed. Over the past 5 years, GMVM.DE returned 4.14%/yr vs 7.55%/yr for ESP0.DE. A 0.55 correlation means they provide meaningful diversification when combined. GMVM.DE charges 0.49%/yr vs 0.55%/yr for ESP0.DE.
Performance
GMVM.DE vs. ESP0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly higher than ESP0.DE's -13.12% return.
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
ESP0.DE
- 1D
- -0.62%
- 1M
- -0.53%
- YTD
- -13.12%
- 6M
- -16.57%
- 1Y
- -13.84%
- 3Y*
- 16.64%
- 5Y*
- 7.55%
- 10Y*
- —
GMVM.DE vs. ESP0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 19.10% |
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -13.12% | 13.28% | 57.80% | 28.86% | -30.20% | 6.12% | 65.73% | 18.39% |
Correlation
The correlation between GMVM.DE and ESP0.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2019 | 0.55 |
Over the past year, the correlation between GMVM.DE and ESP0.DE has dropped to 0.35 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
GMVM.DE vs. ESP0.DE — Risk / Return Rank
GMVM.DE
ESP0.DE
GMVM.DE vs. ESP0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and VanEck Video Gaming and eSports UCITS ETF (ESP0.DE). 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.
| GMVM.DE | ESP0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.88 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.53 | +1.12 |
| Martin ratioReturn relative to average drawdown | 1.37 | -0.93 | +2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMVM.DE | ESP0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | -0.81 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.33 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.71 | -0.10 |
Drawdowns
GMVM.DE vs. ESP0.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum ESP0.DE drawdown of -40.11%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and ESP0.DE.
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Drawdown Indicators
| GMVM.DE | ESP0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -40.11% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -26.09% | +15.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -26.09% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -40.11% | +14.37% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | — | — |
Current DrawdownCurrent decline from peak | -10.18% | -24.82% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -12.75% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 14.94% | -10.25% |
Volatility
GMVM.DE vs. ESP0.DE - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) is 3.23%, while VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) has a volatility of 4.55%. This indicates that GMVM.DE experiences smaller price fluctuations and is considered to be less risky than ESP0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMVM.DE | ESP0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 4.55% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 13.06% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 17.18% | -3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 22.48% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 23.16% | -6.62% |
GMVM.DE vs. ESP0.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is lower than ESP0.DE's 0.55% expense ratio.
Dividends
GMVM.DE vs. ESP0.DE - Dividend Comparison
Neither GMVM.DE nor ESP0.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and ESP0.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMVM.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMVM.DE is cheaper with a 0.49% expense ratio, compared with 0.55% for ESP0.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while ESP0.DE is Technology Equities. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG. Their fees differ too: 0.49% for GMVM.DE and 0.55% for ESP0.DE.
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