PVEX vs. ESN
PVEX (TrueShares ConVequity ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds. A 0.73 correlation means they provide meaningful diversification when combined. PVEX charges 0.82%/yr vs 0.70%/yr for ESN.
Performance
PVEX vs. ESN - Performance Comparison
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Returns By Period
In the year-to-date period, PVEX achieves a 7.08% return, which is significantly lower than ESN's 13.84% return.
PVEX
- 1D
- -0.28%
- 1M
- -0.96%
- YTD
- 7.08%
- 6M
- 6.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESN
- 1D
- -0.17%
- 1M
- -0.55%
- YTD
- 13.84%
- 6M
- 13.50%
- 1Y
- 24.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PVEX vs. ESN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PVEX TrueShares ConVequity ETF | 7.08% | 13.68% |
ESN Essential 40 Stock ETF | 13.84% | 8.57% |
Correlation
The correlation between PVEX and ESN is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.73 |
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Return for Risk
PVEX vs. ESN — Risk / Return Rank
PVEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ESN
PVEX vs. ESN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) and Essential 40 Stock ETF (ESN). 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.
| PVEX | ESN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.90 | — |
| Martin ratioReturn relative to average drawdown | — | 15.29 | — |
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Drawdowns
PVEX vs. ESN - Drawdown Comparison
The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum ESN drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for PVEX and ESN.
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Drawdown Indicators
| PVEX | ESN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.63% | -13.60% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.42% | — |
Current DrawdownCurrent decline from peak | -3.17% | -1.78% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -1.86% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.63% | — |
Volatility
PVEX vs. ESN - Volatility Comparison
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Volatility by Period
| PVEX | ESN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 10.02% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 13.27% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 13.27% | +2.00% |
PVEX vs. ESN - Expense Ratio Comparison
PVEX has a 0.82% expense ratio, which is higher than ESN's 0.70% expense ratio.
Dividends
PVEX vs. ESN - Dividend Comparison
PVEX's dividend yield for the trailing twelve months is around 0.18%, less than ESN's 0.80% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ESN Essential 40 Stock ETF | 0.80% | 0.91% | 0.76% |
PVEX TrueShares ConVequity ETF | 0.18% | 0.19% | 0.00% |
Frequently Asked Questions
PVEX and ESN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESN is cheaper with a 0.70% expense ratio, compared with 0.82% for PVEX.
ESN has the higher dividend yield at 0.80%, compared with 0.18% for PVEX.
They also come from different issuers: TrueShares and KKM Financial. Their fees differ too: 0.82% for PVEX and 0.70% for ESN.
Find the right allocation for PVEX and ESN
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