ESPO
VanEck Video Gaming & eSports ETF
The VanEck Vectors Video Gaming and eSports ETF tracks a market-cap-weighted index of global firms involved in video gaming and esports.
Fund Basics
| Fund sponsor | VanEck |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 16, 2018 |
| Assets (mns) | $291 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 11.8 % |
| ADVANCED MICRO DEVICES | 8.8 % |
| TENCENT HOLDINGS LTD | 6.9 % |
| ACTIVISION BLIZZARD INC | 6.0 % |
| NINTENDO CO LTD | 5.7 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.8 % |
| NETEASE.COM INC-ADR | 4.7 % |
| NAMCO BANDAI HOLDINGS INC | 4.7 % |
| ELECTRONIC ARTS INC | 4.6 % |
| UNITY SOFTWARE, INC. | 4.3 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 561 |
| Wgt avg mkt cap (mns) | $170,046 |
| Large cap (>$10bn) | 59.2% |
| Mid cap ($2-10bn) | 30.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 77.3% |
| Emerging mkts. | 22.7% |
Country Exposure
 |
UNITED STATES | 47.2 % |
 |
JAPAN | 21.7 % |
 |
CHINA | 14.9 % |
 |
AUSTRALIA | 4.1 % |
 |
SINGAPORE | 4.0 % |
 |
TAIWAN | 2.3 % |
 |
SOUTH KOREA | 1.8 % |
 |
FRANCE | 1.7 % |
 |
POLAND | 1.2 % |
 |
SWEDEN | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 22.4% | 1.0% | -11.9% | 5.0% | -- | -- | 16.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 49% |
| MSCI EAFE | 0.94 | 45% |
| MSCI Emg Mkts | 1.11 | 64% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $23,805 |
Technical Indicators
| Recent close | $53.97 |
| 30d moving avg. | $52.15 |
| Annualized volatility | 25.3% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 3.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ESPO |
Expenses vs. ESPO |
ALTAR Score™ vs. ESPO |
|---|---|---|---|---|
| HERO | Global X Video Games & Esports ETF | 52.5% | -5 bp | +2.7% |
| VR | Global X Metaverse ETF | 49.2% | -5 bp | -0.6% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 47.6% | +15 bp | -5.5% |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 45.8% | +5 bp | -1.3% |
| NERD | Roundhill BITKRAFT Esports & Digital Entertainment ETF | 42.0% | -5 bp | +10.4% |
| FMET | Fidelity Metaverse ETF | 40.2% | -16 bp | -1.5% |
| OND | ProShares On-Demand ETF | 39.8% | +3 bp | -11.1% |
| GAMR | ETFMG Video Game Tech ETF | 39.2% | +20 bp | -0.2% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 36.6% | -8 bp | +1.5% |
| ARVR | First Trust Indxx Metaverse ETF | 31.7% | +15 bp | -1.9% |
Risk and Returns: ESPO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/7/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ESPO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ESPO
6.0%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.0% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
4.9%. ESPO's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places ESPO in the 67th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ESPO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ESPO | 55.0 | 28.5 | 83.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .