PTIR vs. ESPO

Last updated Jun 10, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund actively managed by GraniteShares, while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. PTIR is actively managed, while ESPO is passively managed. Over the past year, PTIR returned -30.45% vs -15.04% for ESPO. At a 0.41 correlation, their price movements are largely independent. PTIR charges 1.15%/yr vs 0.55%/yr for ESPO.

Performance

PTIR vs. ESPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and VanEck Vectors Video Gaming and eSports ETF (ESPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -53.83% return, which is significantly lower than ESPO's -15.23% return.

PTIR

• 1D: -6.30%
• 1M: -11.41%
• YTD: -53.83%
• 6M: -56.61%
• 1Y: -30.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESPO

• 1D: -0.42%
• 1M: -2.89%
• YTD: -15.23%
• 6M: -18.59%
• 1Y: -15.04%
• 3Y*: 18.11%
• 5Y*: 5.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTIR vs. ESPO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-53.83%	221.36%	425.36%
ESPO VanEck Vectors Video Gaming and eSports ETF	-15.23%	25.79%	21.63%

Correlation

The correlation between PTIR and ESPO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.41

PTIR vs. ESPO - Sectors Allocation Comparison

Sectors	PTIR	ESPO
Technology	100.0%	8.2%
Basic Materials	-	-
Communication Services	-	78.1%
Consumer Cyclical	-	13.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTIR

PTIR Risk / Return Rank: 8
PTIR Sharpe Ratio Rank: 7
PTIR Sortino Ratio Rank: 10
PTIR Omega Ratio Rank: 10
PTIR Calmar Ratio Rank: 6
PTIR Martin Ratio Rank: 6

ESPO

ESPO Risk / Return Rank: 4
ESPO Sharpe Ratio Rank: 3
ESPO Sortino Ratio Rank: 3
ESPO Omega Ratio Rank: 3
ESPO Calmar Ratio Rank: 5
ESPO Martin Ratio Rank: 5

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.

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 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.

	PTIR	ESPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.80	+0.50
Sortino ratio: Return per unit of downside risk	0.22	-1.03	+1.25
Omega ratio: Gain probability vs. loss probability	1.03	0.88	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.45	-0.54	+0.09
Martin ratio: Return relative to average drawdown	-0.75	-0.96	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTIR vs. ESPO - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.30, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of PTIR and ESPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTIR	ESPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	-0.80	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.62	+1.11

Drawdowns

PTIR vs. ESPO - Drawdown Comparison

The maximum PTIR drawdown since its inception was -69.10%, 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.

Drawdown Indicators

	PTIR	ESPO	Difference
Max Drawdown Largest peak-to-trough decline	-69.10%	-50.99%	-18.11%
Max Drawdown (1Y) Largest decline over 1 year	-68.18%	-27.81%	-40.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.33%	—
Current Drawdown Current decline from peak	-68.18%	-27.30%	-40.88%
Average Drawdown Average peak-to-trough decline	-27.75%	-15.05%	-12.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.39%	15.67%	+24.72%

Volatility

PTIR vs. ESPO - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 34.63% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.82%. 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.

Volatility by Period

	PTIR	ESPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.63%	4.82%	+29.81%
Volatility (6M) Calculated over the trailing 6-month period	77.29%	14.65%	+62.64%
Volatility (1Y) Calculated over the trailing 1-year period	101.53%	18.81%	+82.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.15%	25.11%	+104.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.15%	25.73%	+103.42%

PTIR vs. ESPO - Expense Ratio Comparison

PTIR has a 1.15% 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 12.59%, more than ESPO's 1.47% yield.

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%
PTIR GraniteShares 2x Long PLTR Daily ETF	12.59%	5.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTIR and ESPO in my portfolio?

PTIR and ESPO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or ESPO?

PTIR has higher volatility (34.63%) compared to ESPO (4.82%). In terms of maximum drawdown, PTIR dropped -69.10% vs ESPO's -50.99%.

Which ETF is better, PTIR or ESPO?

On 1-year performance, ESPO leads with -15.04% vs -30.45% for PTIR. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or ESPO?

Over the 1-year period, ESPO has performed better with a -15.04% return vs -30.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or ESPO?

ESPO is cheaper with a 0.55% expense ratio, compared with 1.15% for PTIR.

Which ETF pays a higher dividend yield, PTIR or ESPO?

PTIR has the higher dividend yield at 12.59%, compared with 1.47% for ESPO.

What is the main difference between PTIR and ESPO?

PTIR is categorized as Leveraged Equities, while ESPO is Large Cap Growth Equities. They also come from different issuers: GraniteShares and VanEck. Their fees differ too: 1.15% for PTIR and 0.55% for ESPO.

Which has better risk-adjusted returns?

PTIR currently has the higher Sharpe Ratio (-0.30 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.