PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ODDS vs. EWP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ODDS vs. EWP

Last updated Jun 13, 2026

ODDS (Pacer BlueStar Digital Entertainment ETF) and EWP (iShares MSCI Spain ETF) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports Index, while EWP is a Europe Equities fund tracking the MSCI Spain Index. Both are passively managed. Over the past 3 years, ODDS returned 8.02%/yr vs 32.21%/yr for EWP. A 0.53 correlation means they provide meaningful diversification when combined. ODDS charges 0.63%/yr vs 0.50%/yr for EWP.

Performance

ODDS vs. EWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer BlueStar Digital Entertainment ETF (ODDS) and iShares MSCI Spain ETF (EWP). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ODDS achieves a -13.22% return, which is significantly lower than EWP's 8.89% return.

ODDS

1D
-0.73%
1M
5.32%
YTD
-13.22%
6M
-14.15%
1Y
-12.50%
3Y*
8.02%
5Y*
—
10Y*
—

EWP

1D
0.63%
1M
4.32%
YTD
8.89%
6M
11.54%
1Y
39.17%
3Y*
32.21%
5Y*
17.57%
10Y*
12.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ODDS vs. EWP - Yearly Performance Comparison

2026 (YTD)2025202420232022
ODDS
Pacer BlueStar Digital Entertainment ETF		-13.22%16.71%27.61%25.03%-15.18%
EWP
iShares MSCI Spain ETF		8.89%78.03%5.70%30.26%-3.26%

Correlation

The correlation between ODDS and EWP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2022

0.53

The correlation between ODDS and EWP has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.

ODDS vs. EWP - Sectors Allocation Comparison

Sectors
ODDS
EWP

Consumer Cyclical

49.9%
4.0%

Communication Services

44.0%
2.9%

Technology

6.1%
4.9%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

5.3%

Financial Services

-

41.4%

Healthcare

-

1.3%

Industrials

-

16.1%

Real Estate

-

2.9%

Utilities

-

21.2%

Consumer Cyclical

ODDS
49.9%
EWP
4.0%

Communication Services

ODDS
44.0%
EWP
2.9%

Technology

ODDS
6.1%
EWP
4.9%

Basic Materials

ODDS

-

EWP

-

Consumer Defensive

ODDS

-

EWP

-

Energy

ODDS

-

EWP
5.3%

Financial Services

ODDS

-

EWP
41.4%

Healthcare

ODDS

-

EWP
1.3%

Industrials

ODDS

-

EWP
16.1%

Real Estate

ODDS

-

EWP
2.9%

Utilities

ODDS

-

EWP
21.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer BlueStar Digital Entertainment ETF

iShares MSCI Spain ETF

Often compared with ODDS:
ODDS vs. BETZODDS vs. ESPOODDS vs. VOOODDS vs. TIMEODDS vs. FSRPXODDS vs. SMHODDS vs. DSCGX
Often compared with EWP:
EWP vs. EWGEWP vs. EWIEWP vs. EPOLEWP vs. EIRLEWP vs. VOOEWP vs. FEZEWP vs. EWQ

Return for Risk

ODDS vs. EWP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ODDS
ODDS Risk / Return Rank: 55
Overall Rank
ODDS Sharpe Ratio Rank: 44
Sharpe Ratio Rank
ODDS Sortino Ratio Rank: 44
Sortino Ratio Rank
ODDS Omega Ratio Rank: 44
Omega Ratio Rank
ODDS Calmar Ratio Rank: 66
Calmar Ratio Rank
ODDS Martin Ratio Rank: 66
Martin Ratio Rank
EWP
EWP Risk / Return Rank: 6969
Overall Rank
EWP Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 6666
Sortino Ratio Rank
EWP Omega Ratio Rank: 6565
Omega Ratio Rank
EWP Calmar Ratio Rank: 7373
Calmar Ratio Rank
EWP Martin Ratio Rank: 7171
Martin Ratio Rank
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.

ODDS vs. EWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) and iShares MSCI Spain ETF (EWP). 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.

ODDSEWPDifference
Sharpe ratioReturn per unit of total volatility
-0.68
1.94

-2.62

Sortino ratioReturn per unit of downside risk
-0.82
2.62

-3.44

Omega ratioGain probability vs. loss probability

0.90

1.34

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.40

3.26

-3.65

Martin ratioReturn relative to average drawdown

-0.68

11.51

-12.19

ODDS vs. EWP - Sharpe Ratio Comparison

The current ODDS Sharpe Ratio is -0.68, which is lower than the EWP Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of ODDS and EWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ODDS vs. EWP - Drawdown Comparison

The maximum ODDS drawdown since its inception was -35.09%, smaller than the maximum EWP drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for ODDS and EWP.

Loading charts...

Drawdown Indicators

ODDSEWPDifference

Max Drawdown

Largest peak-to-trough decline

-35.09%

-61.19%

+26.10%

Max Drawdown (1Y)

Largest decline over 1 year

-35.09%

-11.38%

-23.71%

Max Drawdown (3Y)

Largest decline over 3 years

-35.09%

-12.19%

-22.90%

Max Drawdown (5Y)

Largest decline over 5 years

—

-33.76%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.36%

—

Current Drawdown

Current decline from peak

-27.62%

0.00%

-27.62%

Average Drawdown

Average peak-to-trough decline

-9.28%

-21.41%

+12.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.38%

3.22%

+17.16%

Volatility

ODDS vs. EWP - Volatility Comparison

Pacer BlueStar Digital Entertainment ETF (ODDS) and iShares MSCI Spain ETF (EWP) have volatilities of 5.93% and 6.21%, 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.

Loading charts...

Volatility by Period

ODDSEWPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.93%

6.21%

-0.28%

Volatility (6M)

Calculated over the trailing 6-month period

16.27%

16.09%

+0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

20.66%

19.13%

+1.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.85%

20.31%

+4.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.85%

22.22%

+2.63%

ODDS vs. EWP - Expense Ratio Comparison

ODDS has a 0.63% expense ratio, which is higher than EWP's 0.50% expense ratio.

Dividends

ODDS vs. EWP - Dividend Comparison

ODDS's dividend yield for the trailing twelve months is around 0.71%, less than EWP's 2.09% yield.

PositionTTM20252024202320222021202020192018201720162015
EWP
iShares MSCI Spain ETF		2.09%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%
ODDS
Pacer BlueStar Digital Entertainment ETF		0.71%2.59%0.56%0.66%0.42%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ODDS and EWP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWP has higher volatility (6.21%) compared to ODDS (5.93%). In terms of maximum drawdown, ODDS dropped -35.09% vs EWP's -61.19%.

On 3-year performance, EWP leads with 32.21% vs 8.02% for ODDS. On fees, EWP is cheaper at 0.50% per year. On volatility, ODDS has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, EWP has performed better with a 32.21% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWP is cheaper with a 0.50% expense ratio, compared with 0.63% for ODDS.

EWP has the higher dividend yield at 2.09%, compared with 0.71% for ODDS.

ODDS is categorized as Technology Equities, while EWP is Europe Equities. ODDS tracks BlueStar Global Online Gambling, Video Gaming and eSports Index, while EWP tracks MSCI Spain Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.63% for ODDS and 0.50% for EWP.

EWP currently has the higher Sharpe Ratio (1.94 vs -0.68), 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.

Portfolio Optimizer

Find the right allocation for ODDS and EWP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer