USD vs. ESPO
USD (ProShares Ultra Semiconductors) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, USD returned 65.02%/yr vs 5.49%/yr for ESPO. A 0.69 correlation means they provide meaningful diversification when combined. USD charges 0.95%/yr vs 0.55%/yr for ESPO.
Performance
USD vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 86.87% return, which is significantly higher than ESPO's -15.10% return.
USD
- 1D
- 2.08%
- 1M
- -1.66%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 207.86%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
ESPO
- 1D
- -0.29%
- 1M
- -3.31%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.92%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
USD vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -24.33% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 42.36% | -12.49% |
Correlation
The correlation between USD and ESPO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.69 |
Over the past year, the correlation between USD and ESPO has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
USD vs. ESPO - Sectors Allocation Comparison
Sectors
USD
ESPO
Financial Services
-
Technology
Energy
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Financial Services
USD
ESPO
-
Technology
USD
ESPO
Energy
USD
ESPO
-
Basic Materials
USD
-
ESPO
-
Communication Services
USD
-
ESPO
Consumer Cyclical
USD
-
ESPO
Consumer Defensive
USD
-
ESPO
-
Healthcare
USD
-
ESPO
-
Industrials
USD
-
ESPO
-
Real Estate
USD
-
ESPO
-
Utilities
USD
-
ESPO
-
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Return for Risk
USD vs. ESPO — Risk / Return Rank
USD
ESPO
USD vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
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.
| USD | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.88 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | -0.54 | +7.12 |
| Martin ratioReturn relative to average drawdown | 18.43 | -0.94 | +19.36 |
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Drawdowns
USD vs. ESPO - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for USD and ESPO.
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Drawdown Indicators
| USD | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -50.99% | -37.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -27.81% | -3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -27.81% | -36.65% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -48.33% | -29.52% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -13.67% | -27.19% | +13.52% |
Average DrawdownAverage peak-to-trough decline | -32.32% | -15.06% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.34% | 15.95% | -4.61% |
Volatility
USD vs. ESPO - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 29.56% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that USD'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
| USD | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.56% | 4.42% | +25.14% |
Volatility (6M)Calculated over the trailing 6-month period | 52.44% | 14.67% | +37.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.34% | 18.83% | +46.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.19% | 25.10% | +52.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.61% | 25.71% | +43.90% |
USD vs. ESPO - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Dividends
USD vs. ESPO - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.25%, less than ESPO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and ESPO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.56%) compared to ESPO (4.42%). In terms of maximum drawdown, USD dropped -88.63% vs ESPO's -50.99%.
On 5-year performance, USD leads with 65.02% vs 5.49% for ESPO. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USD has performed better with a 65.02% return vs 5.49%. 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 0.95% for USD.
ESPO has the higher dividend yield at 1.47%, compared with 0.25% for USD.
USD is categorized as Leveraged Equities, while ESPO is Large Cap Growth Equities. USD tracks Dow Jones U.S. Semiconductors Index (200%), while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.95% for USD and 0.55% for ESPO.
USD currently has the higher Sharpe Ratio (3.20 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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