METV vs. ESPO
Compare and contrast key facts about Roundhill Ball Metaverse ETF (METV) and VanEck Vectors Video Gaming and eSports ETF (ESPO).
METV and ESPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METV is a passively managed fund by Roundhill Investments that tracks the performance of the Ball Metaverse Index - Benchmark TR Net. It was launched on Jun 30, 2021. ESPO is a passively managed fund by VanEck that tracks the performance of the MVIS Global Video Gaming and eSports Index. It was launched on Oct 16, 2018. Both METV and ESPO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: METV or ESPO.
Key characteristics
| METV | ESPO | |
|---|---|---|
| YTD Return | 21.63% | 41.71% |
| 1Y Return | 38.84% | 49.98% |
| 3Y Return (Ann) | -5.05% | 4.58% |
| Sharpe Ratio | 1.84 | 2.40 |
| Sortino Ratio | 2.52 | 3.40 |
| Omega Ratio | 1.31 | 1.41 |
| Calmar Ratio | 0.93 | 1.66 |
| Martin Ratio | 8.87 | 14.62 |
| Ulcer Index | 4.22% | 3.43% |
| Daily Std Dev | 20.34% | 20.94% |
| Max Drawdown | -59.64% | -50.99% |
| Current Drawdown | -16.95% | 0.00% |
Correlation
The correlation between METV and ESPO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
METV vs. ESPO - Performance Comparison
In the year-to-date period, METV achieves a 21.63% return, which is significantly lower than ESPO's 41.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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METV vs. ESPO - Expense Ratio Comparison
METV has a 0.75% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Risk-Adjusted Performance
METV vs. ESPO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) 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.
Dividends
METV vs. ESPO - Dividend Comparison
METV's dividend yield for the trailing twelve months is around 0.14%, less than ESPO's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
METV Roundhill Ball Metaverse ETF | 0.14% | 0.17% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% |
ESPO VanEck Vectors Video Gaming and eSports ETF | 0.67% | 0.96% | 0.91% | 3.37% | 0.12% | 0.22% | 0.04% |
Drawdowns
METV vs. ESPO - Drawdown Comparison
The maximum METV drawdown since its inception was -59.64%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for METV and ESPO. For additional features, visit the drawdowns tool.
Volatility
METV vs. ESPO - Volatility Comparison
The current volatility for Roundhill Ball Metaverse ETF (METV) is 5.42%, while VanEck Vectors Video Gaming and eSports ETF (ESPO) has a volatility of 7.29%. This indicates that METV experiences smaller price fluctuations and is considered to be less risky than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.