ESPO

VanEck Video Gaming and 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.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

56 bp

EXPENSES

$247.4 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVanEck
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 16, 2018
Assets (mns)$247
Expense ratio56 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TENCENT HOLDINGS LTD 7.6 %
ADVANCED MICRO DEVICES 7.3 %
NETEASE.COM INC-ADR 6.7 %
NINTENDO CO LTD 6.3 %
ELECTRONIC ARTS INC 6.0 %
ROBLOX CORP. CLASS A 6.0 %
GAMESTOP CORP-CLASS A 5.2 %
ARISTOCRAT LEISURE LTD 5.0 %
CAPCOM CO LTD 4.8 %
APPLOVIN CORP. CLASS A 4.7 %
Constituent Breakdown
Number of holdings29
Herfindahl-Hirschman Index 511
Wgt avg mkt cap (mns)$71,474
Large cap (>$10bn)63.5%
Mid cap ($2-10bn)36.5%
Small cap (<$2bn)0.0%
Developed mkts.71.1%
Emerging mkts.28.9%
Country Exposure
UNITED STATES 37.4 %
JAPAN 25.0 %
CHINA 15.9 %
SOUTH KOREA 6.8 %
AUSTRALIA 5.0 %
TAIWAN 3.2 %
POLAND 2.2 %
IRELAND 1.6 %
FRANCE 1.6 %
SWEDEN 1.4 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.2% 19.4% 18.7% -1.5% 15.9% -- 17.6%
Volatility 21.6% 20.5% 25.3% 27.1% 27.3% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0959%
MSCI EAFE1.0854%
MSCI Emg Mkts1.1665%
Liquidity Measures
Avg. volume (000)15
Turnover0.4%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$13,541
Technical Indicators
Recent close$67.63
30d moving avg.$65.00
Annualized volatility25.5%
Relative strength (RSI)55
Short interest (ETF)0.2%
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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Risk and Returns: ESPO vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
2.8 23.2 2.7 1.0% --
Based on closing prices from 7/19/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.1%

Cat. Avg

4.0%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.1%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.8%. ESPO's ALTAR Score™ is approximately 0.0 standard deviations above the category average. This places ESPO in the 51st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ESPO
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
ESPO (56 bp) Percentile rank 51
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ESPO 56.0 30.1 86.1
Peer Avg. 56.7 40.2 96.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .