ODDS vs. ESPO
Compare and contrast key facts about Pacer BlueStar Digital Entertainment ETF (ODDS) and VanEck Vectors Video Gaming and eSports ETF (ESPO).
ODDS and ESPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ODDS is a passively managed fund by Pacer that tracks the performance of the BlueStar Global Online Gambling, Video Gaming and eSports Index. It was launched on Apr 7, 2022. 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 ODDS 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: ODDS or ESPO.
Key characteristics
| ODDS | ESPO | |
|---|---|---|
| YTD Return | 16.11% | 27.06% |
| 1Y Return | 18.65% | 38.20% |
| Sharpe Ratio | 0.94 | 1.76 |
| Daily Std Dev | 21.55% | 20.40% |
| Max Drawdown | -25.73% | -50.99% |
| Current Drawdown | 0.00% | -6.24% |
Correlation
The correlation between ODDS and ESPO is 0.86, 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
ODDS vs. ESPO - Performance Comparison
In the year-to-date period, ODDS achieves a 16.11% return, which is significantly lower than ESPO's 27.06% 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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ODDS vs. ESPO - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Risk-Adjusted Performance
ODDS vs. ESPO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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
ODDS vs. ESPO - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.39%, less than ESPO's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | 0.39% | 0.66% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
ESPO VanEck Vectors Video Gaming and eSports ETF | 0.75% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
Drawdowns
ODDS vs. ESPO - Drawdown Comparison
The maximum ODDS drawdown since its inception was -25.73%, smaller than the maximum ESPO drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for ODDS and ESPO. For additional features, visit the drawdowns tool.
Volatility
ODDS vs. ESPO - Volatility Comparison
Pacer BlueStar Digital Entertainment ETF (ODDS) and VanEck Vectors Video Gaming and eSports ETF (ESPO) have volatilities of 5.56% and 5.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.