PTIR vs. ESPO
PTIR (GraniteShares 2x Long PLTR Daily ETF) and ESPO (VanEck Video Gaming and eSports ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%), while ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past year, PTIR returned -58.75% vs -11.33% for ESPO. Their 0.42 correlation means their historical movements had little consistent relationship. PTIR charges 1.04%/yr vs 0.55%/yr for ESPO.
Performance
PTIR vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, PTIR achieves a -62.18% return, which is significantly lower than ESPO's -9.09% return.
PTIR
- 1D
- 1.20%
- 1M
- -6.82%
- 6M
- -43.20%
- YTD
- -62.18%
- 1Y
- -58.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 164.95%
ESPO
- 1D
- -3.16%
- 1M
- 3.18%
- 6M
- -5.98%
- YTD
- -9.09%
- 1Y
- -11.33%
- 3Y*
- 18.46%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 16.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.98M | $1.50M | $1.55M | |
| $34.43M | $50.90M | $65.92M |
PTIR vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PTIR GraniteShares 2x Long PLTR Daily ETF | -62.18% | 221.36% | 425.36% |
ESPO VanEck Video Gaming and eSports ETF | -9.09% | 25.79% | 21.63% |
Correlation
The correlation between PTIR and ESPO is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.42 |
PTIR vs. ESPO - Sectors Allocation Comparison
Sectors
PTIR
ESPO
Technology
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
PTIR
ESPO
Basic Materials
PTIR
-
ESPO
-
Communication Services
PTIR
-
ESPO
Consumer Cyclical
PTIR
-
ESPO
Consumer Defensive
PTIR
-
ESPO
-
Energy
PTIR
-
ESPO
-
Financial Services
PTIR
-
ESPO
-
Healthcare
PTIR
-
ESPO
-
Industrials
PTIR
-
ESPO
-
Real Estate
PTIR
-
ESPO
-
Utilities
PTIR
-
ESPO
-
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Return for Risk
PTIR vs. ESPO — Risk / Return Rank
PTIR
ESPO
PTIR vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) and VanEck 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.
| PTIR | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.92 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.39 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.62 | -0.59 |
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Drawdowns
PTIR vs. ESPO - Drawdown Comparison
The maximum PTIR drawdown since its inception was -79.40%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for PTIR and ESPO.
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Drawdown Indicators
| PTIR | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.40% | -50.99% | -28.41% |
Max Drawdown (1Y)Largest decline over 1 year | -79.40% | -29.43% | -49.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.33% | — |
Current DrawdownCurrent decline from peak | -73.93% | -22.03% | -51.90% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -15.23% | -15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.56% | 18.32% | +30.24% |
Volatility
PTIR vs. ESPO - Volatility Comparison
GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 27.36% compared to VanEck Video Gaming and eSports ETF (ESPO) at 6.66%. This indicates that PTIR'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
| PTIR | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.36% | 6.66% | +20.70% |
Volatility (6M)Calculated over the trailing 6-month period | 81.50% | 16.07% | +65.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.45% | 19.65% | +84.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.66% | 25.12% | +102.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.66% | 25.65% | +102.01% |
PTIR vs. ESPO - Expense Ratio Comparison
PTIR has a 1.04% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Dividends
PTIR vs. ESPO - Dividend Comparison
PTIR's dividend yield for the trailing twelve months is around 15.36%, more than ESPO's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.37% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
PTIR GraniteShares 2x Long PLTR Daily ETF | 15.36% | 5.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTIR and ESPO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTIR has higher volatility (27.36%) compared to ESPO (6.66%). In terms of maximum drawdown, PTIR dropped -79.40% vs ESPO's -50.99%.
On 1-year performance, ESPO leads with -11.33% vs -58.75% for PTIR. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ESPO has performed better with a -11.33% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESPO is cheaper with a 0.55% expense ratio, compared with 1.04% for PTIR.
PTIR has the higher dividend yield at 15.36%, compared with 1.37% for ESPO.
PTIR is categorized as Leveraged Equities, while ESPO is Gaming. PTIR tracks Palantir Technologies Inc. (200%), while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: GraniteShares and VanEck. Their fees differ too: 1.04% for PTIR and 0.55% for ESPO.
PTIR currently has the higher Sharpe Ratio (-0.56 vs -0.58), 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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