LAES vs. ESPO
LAES (SEALSQ Corp) is a stock, while ESPO (VanEck Vectors Video Gaming and eSports ETF) is Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Over the past 3 years, LAES returned -33.31%/yr vs 16.96%/yr for ESPO. At a 0.26 correlation, their price movements are largely independent.
Performance
LAES vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, LAES achieves a -17.99% return, which is significantly lower than ESPO's -15.10% return.
LAES
- 1D
- -3.13%
- 1M
- 4.73%
- YTD
- -17.99%
- 6M
- -26.89%
- 1Y
- -27.06%
- 3Y*
- -33.31%
- 5Y*
- —
- 10Y*
- —
ESPO
- 1D
- -0.29%
- 1M
- -3.31%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.92%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
LAES vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LAES SEALSQ Corp | -17.99% | -38.54% | 380.47% | -92.82% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 10.09% |
Correlation
The correlation between LAES and ESPO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.26 |
The correlation between LAES and ESPO shifts across timeframes, from 0.26 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LAES vs. ESPO — Risk / Return Rank
LAES
ESPO
LAES vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) 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.
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.
| LAES | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.88 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.54 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.62 | -0.94 | +0.32 |
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Drawdowns
LAES vs. ESPO - Drawdown Comparison
The maximum LAES drawdown since its inception was -98.44%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for LAES and ESPO.
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Drawdown Indicators
| LAES | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.44% | -50.99% | -47.45% |
Max Drawdown (1Y)Largest decline over 1 year | -72.68% | -27.81% | -44.87% |
Max Drawdown (3Y)Largest decline over 3 years | -98.07% | -27.81% | -70.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.33% | — |
Current DrawdownCurrent decline from peak | -85.89% | -27.19% | -58.70% |
Average DrawdownAverage peak-to-trough decline | -84.60% | -15.06% | -69.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.58% | 15.95% | +27.63% |
Volatility
LAES vs. ESPO - Volatility Comparison
SEALSQ Corp (LAES) has a higher volatility of 28.38% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that LAES'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
| LAES | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.38% | 4.42% | +23.96% |
Volatility (6M)Calculated over the trailing 6-month period | 66.23% | 14.67% | +51.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.13% | 18.83% | +90.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 170.29% | 25.10% | +145.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 170.29% | 25.71% | +144.58% |
Dividends
LAES vs. ESPO - Dividend Comparison
LAES has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.47% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
LAES SEALSQ Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LAES 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.
LAES has higher volatility (28.38%) compared to ESPO (4.42%). In terms of maximum drawdown, LAES dropped -98.44% vs ESPO's -50.99%.
LAES currently has the higher Sharpe Ratio (-0.25 vs -0.80), 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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