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QQQ vs. ESPO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. ESPO

Last updated Jul 21, 2026
Documentation

QQQ (Invesco QQQ ETF) and ESPO (VanEck Video Gaming and eSports ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, QQQ returned 14.68%/yr vs 7.15%/yr for ESPO. A 0.75 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.55%/yr for ESPO.

Performance

QQQ vs. ESPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and VanEck Video Gaming and eSports ETF (ESPO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQQ achieves a 13.58% return, which is significantly higher than ESPO's -11.58% return.

QQQ

1D
0.10%
1M
-5.91%
6M
12.30%
YTD
13.58%
1Y
24.61%
3Y*
23.54%
5Y*
14.68%
10Y*
20.72%
ALL TIME*
10.70%

ESPO

1D
0.44%
1M
3.78%
6M
-13.33%
YTD
-11.58%
1Y
-14.95%
3Y*
18.26%
5Y*
7.15%
10Y*
—
ALL TIME*
16.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. ESPO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QQQ
Invesco QQQ ETF		13.58%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-12.71%
ESPO
VanEck Video Gaming and eSports ETF		-11.58%25.79%47.61%33.64%-34.71%-2.13%83.93%42.36%-12.49%

Correlation

The correlation between QQQ and ESPO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.58

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

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.75

The correlation between QQQ and ESPO shifts across timeframes, from 0.58 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

QQQ vs. ESPO - Sectors Allocation Comparison

Sectors
QQQ
ESPO

Technology

60.9%
8.1%

Communication Services

13.1%
77.7%

Consumer Cyclical

10.7%
14.2%

Consumer Defensive

6.3%

-

Healthcare

3.6%

-

Industrials

2.7%

-

Utilities

1.1%

-

Basic Materials

1.0%

-

Energy

0.5%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQQ
60.9%
ESPO
8.1%

Communication Services

QQQ
13.1%
ESPO
77.7%

Consumer Cyclical

QQQ
10.7%
ESPO
14.2%

Consumer Defensive

QQQ
6.3%
ESPO

-

Healthcare

QQQ
3.6%
ESPO

-

Industrials

QQQ
2.7%
ESPO

-

Utilities

QQQ
1.1%
ESPO

-

Basic Materials

QQQ
1.0%
ESPO

-

Energy

QQQ
0.5%
ESPO

-

Financial Services

QQQ
0.2%
ESPO

-

Real Estate

QQQ
0.1%
ESPO

-

Compare stocks, funds, or ETFs

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

Invesco QQQ ETF

VanEck Video Gaming and eSports ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO
Often compared with ESPO:
ESPO vs. HEROESPO vs. ESGB.LESPO vs. GAMRESPO vs. NERDESPO vs. VGTESPO vs. MDLZESPO vs. SNSR

Return for Risk

QQQ vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 5151
Overall Rank
QQQ Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4747
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4848
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5454
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5757
Martin Ratio Rank
ESPO
ESPO Risk / Return Rank: 44
Overall Rank
ESPO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
ESPO Sortino Ratio Rank: 44
Sortino Ratio Rank
ESPO Omega Ratio Rank: 33
Omega Ratio Rank
ESPO Calmar Ratio Rank: 55
Calmar Ratio Rank
ESPO Martin Ratio Rank: 66
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.

QQQ vs. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.

QQQESPODifference
Sharpe ratioReturn per unit of total volatility
1.32
-0.80

+2.12

Sortino ratioReturn per unit of downside risk
1.83
-1.04

+2.87

Omega ratioGain probability vs. loss probability

1.23

0.88

+0.36

Calmar ratioReturn relative to maximum drawdown

2.07

-0.51

+2.58

Martin ratioReturn relative to average drawdown

7.22

-0.84

+8.07

QQQ vs. ESPO - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 1.32, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of QQQ 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.

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Drawdowns

QQQ vs. ESPO - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for QQQ and ESPO.

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Drawdown Indicators

QQQESPODifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-50.99%

-31.98%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-29.43%

+17.47%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-29.43%

+6.66%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-48.33%

+13.21%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

—

—

Current Drawdown

Current decline from peak

-6.61%

-24.17%

+17.56%

Average Drawdown

Average peak-to-trough decline

-32.65%

-15.19%

-17.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.42%

17.77%

-14.35%

Volatility

QQQ vs. ESPO - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 7.41% compared to VanEck Video Gaming and eSports ETF (ESPO) at 4.77%. This indicates that QQQ'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.

Loading charts...

Volatility by Period

QQQESPODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.41%

4.77%

+2.64%

Volatility (6M)

Calculated over the trailing 6-month period

15.55%

15.06%

+0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

18.78%

18.71%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.81%

25.09%

-2.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.45%

25.61%

-3.16%

QQQ vs. ESPO - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than ESPO's 0.55% expense ratio.

Dividends

QQQ vs. ESPO - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.44%, less than ESPO's 1.41% yield.

PositionTTM20252024202320222021202020192018201720162015
ESPO
VanEck Video Gaming and eSports ETF		1.41%1.24%0.44%0.96%0.91%3.36%0.12%0.22%0.04%0.00%0.00%0.00%
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

QQQ and ESPO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (7.41%) compared to ESPO (4.77%). In terms of maximum drawdown, QQQ dropped -82.97% vs ESPO's -50.99%.

On 5-year performance, QQQ leads with 14.68% vs 7.15% for ESPO. On fees, QQQ is cheaper at 0.18% per year. On volatility, ESPO has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 14.68% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.55% for ESPO.

ESPO has the higher dividend yield at 1.41%, compared with 0.44% for QQQ.

QQQ is categorized as Nasdaq-100, while ESPO is Gaming. QQQ tracks NASDAQ-100 Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.18% for QQQ and 0.55% for ESPO.

QQQ currently has the higher Sharpe Ratio (1.32 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.

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