VanEck Vectors Video Gaming & eSports ETF
ALTAR
Score™
3.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
41.6x P/Sales
ratio
5.0x
P/BV
ratio
6.3x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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
Category Global Equities
Fund Sponsor VanEck
Website www.vaneck.com
Inception date Oct 16, 2018
Assets (mns) $796
Currency USD
Expense ratio 55 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $108,716
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 1.2%
Developed mkts 69.9%
Emerging mkts 30.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 8.4 %
NVIDIA CORP 7.4 %
BILIBILI, INC. SPONSORED ADR CLASS 7.1 %
SEA LTD. (SINGAPORE) SPONSORED ADR 6.7 %
ADVANCED MICRO DEVICES 6.2 %
NINTENDO CO LTD 6.0 %
NETEASE.COM INC-ADR 5.7 %
ACTIVISION BLIZZARD INC 5.7 %
TAKE-TWO INTERACTIVE SOFTWRE 4.6 %
ELECTRONIC ARTS INC 4.4 %
Total 62.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 35.9 %
CHINA 23.0 %
JAPAN 19.7 %
SINGAPORE 6.7 %
SOUTH KOREA 5.5 %
FRANCE 2.8 %
SWEDEN 2.8 %
POLAND 2.0 %
TAIWAN 1.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
83.9% 83.9% -- -- 55.0%

Market Correlations
versus... Beta R-squared
S&P500 0.59 48%
MSCI EAFE 0.54 40%
MSCI Emg. Mkts. 0.45 32%

Technical Indicators
Recent close $75.06
30d moving avg. $70.45
Annualized volatility 17.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 162
Turnover 1.5%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $16,475

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the VanEck Vectors Video Gaming & eSports ETF ETF based on the alternatives' overlap in portfolio holdings with ESPO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESPO Expense: 55 bp ALTAR Score™: 3.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESPO
Ticker Fund
Name
Overlap1
vs ESPO
(%)
Expense
ratio
(bp)
Savings
vs ESPO
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESPO
(%)
HERO Global X Video Games & Esports ETF 67.9 50 5 3.8 +0.7
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 45.2 25 30 3.1 0.0
GAMR ETFMG Video Game Tech ETF 36.6 75 -20 2.4 -0.6
DFAE Dimensional Emerging Core Equity Market ETF 23.5 35 20 6.9 +3.8
WUGI Esoterica NextG Economy ETF 22.9 75 -20 1.0 -2.0
SOCL Global X Social Media ETF 22.7 65 -10 2.2 -0.8
CHIC Global X MSCI China Communication Services ETF 21.1 66 -11 4.5 +1.5
KWEB KraneShares CSI China Internet ETF 19.4 76 -21 2.2 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.2 86 -31 2.1 -0.9
IWFH iShares Virtual Work and Life Multisector ETF 18.2 47 8 0.5 -2.6
FDNI First Trust Dow Jones International Internet ETF 17.6 65 -10 1.9 -1.2
EWEB Global X Emerging Markets Internet & E-commerce ETF 17.0 65 -10 2.5 -0.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 16.9 60 -5 2.3 -0.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 14.0 40 15 6.3 +3.3
IXP iShares Global Comm Services ETF 13.7 46 9 5.2 +2.1
PGJ Invesco Golden Dragon China ETF 12.4 70 -15 3.7 +0.7
LIV Emles (a)Home ETF 12.0 49 6 2.4 -0.6
OGIG O'Shares Global Internet Giants ETF 11.9 48 7 0.6 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 11.8 29 26 3.3 +0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 11.8 32 23 5.4 +2.3
IEME iShares Evolved U.S. Media & Entertainment ETF 11.8 18 37 5.2 +2.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 11.6 68 -13 -0.3 -3.4
CCON Direxion Connected Consumer ETF 11.5 45 10 1.2 -1.8
BUYZ Franklin Disruptive Commerce ETF 11.2 50 5 -0.3 -3.3
CHIL Global X MSCI China Large-Cap 50 ETF 10.9 29 26 6.1 +3.1
XLC The Communication Services Select Sector SPDR Fund 10.9 13 42 5.2 +2.2
JHCS John Hancock Multifactor Media & Communications ETF 10.9 40 15 4.8 +1.8
GENY Principal Millennials Index ETF 10.8 45 10 3.4 +0.3
ANEW ProShares MSCI Transformational Changes ETF 10.6 45 10 2.4 -0.6
SMH VanEck Vectors Semiconductor ETF 10.6 35 20 4.0 +0.9
GLCN VanEck Vectors Ftse China A50 ETF 10.4 60 -5 4.1 +1.0
FLCH Franklin FTSE China ETF 10.4 19 36 6.9 +3.9
MCHI iShares MSCI China ETF 10.4 59 -4 6.4 +3.3
VICE AdvisorShares Vice ETF 10.3 99 -44 5.4 +2.3
GXC SPDR S&P China ETF 10.3 59 -4 6.5 +3.4
KALL KraneShares MSCI All China Index ETF 10.2 49 6 6.8 +3.8
SOXX iShares PHLX Semiconductor ETF 10.2 46 9 4.2 +1.1
BKF iShares MSCI BRIC ETF 9.8 70 -15 6.1 +3.1
CN Xtrackers MSCI All China Equity ETF 9.7 50 5 6.9 +3.8
ECON Columbia Emerging Markets Consumer ETF 9.5 59 -4 4.7 +1.7
SPMO Invesco S&P 500 Momentum ETF 9.5 13 42 3.8 +0.7
ENTR Entrepreneur 30 Fund 9.2 49 6 -1.0 -4.1
FPXI First Trust International Equity Opportunities ETF 9.1 70 -15 3.7 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 8.7 49 6 5.9 +2.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.5 20 35 5.4 +2.4
AIQ Global X Future Analytics Tech ETF 8.5 68 -13 3.4 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.4 32 23 5.0 +1.9
FXI iShares China Large-Cap ETF 8.4 74 -19 10.4 +7.4
KESG KraneShares MSCI China ESG Leaders Index ETF 8.4 59 -4 8.1 +5.1
AIA iShares Asia 50 ETF 8.4 50 5 5.9 +2.8
CQQQ Invesco China Technology ETF 8.4 70 -15 4.4 +1.3
XNTK SPDR NYSE Technology ETF 8.3 35 20 2.7 -0.4
PSI Invesco Dynamic Semiconductors ETF 8.2 57 -2 3.6 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.1 95 -40 7.0 +4.0
RESE WisdomTree Emerging Markets ESG Fund 7.9 32 23 6.6 +3.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 7.8 15 40 7.2 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.8 68 -13 5.6 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.7 30 25 6.3 +3.3
SCHE Schwab Emerging Markets Equity ETF 7.7 11 44 6.7 +3.6
FLAX Franklin FTSE Asia Ex Japan ETF 7.6 19 36 6.2 +3.1
JIG JPMorgan International Growth ETF 7.4 55 0 2.5 -0.6
BIBL Inspire ETF 7.4 35 20 4.4 +1.3
BOTZ Global X Robotics & Artificial Intelligence ETF 7.4 68 -13 2.3 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 7.3 50 5 6.3 +3.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.3 32 23 7.4 +4.3
BKEM BNY Mellon Emerging Markets Equity ETF 7.3 11 44 6.6 +3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 45 10 5.4 +2.3
ESGE iShares ESG Aware MSCI EM ETF 7.1 25 30 6.9 +3.9
EEM iShares MSCI Emerging Markets ETF 7.0 70 -15 5.9 +2.9
VWO Vanguard FTSE Emerging Markets ETF 7.0 10 45 6.9 +3.8
IDRV iShares Self-driving EV & Tech ETF 6.9 47 8 5.2 +2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.9 36 19 6.7 +3.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.9 40 15 6.0 +3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.9 65 -10 5.9 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.8 45 10 6.3 +3.2
IGV iShares Expanded Tech-Software ETF 6.7 46 9 2.0 -1.1
SPEM SPDR Portfolio Emerging Markets ETF 6.6 11 44 6.5 +3.4
HIPR Direxion High Growth ETF 6.6 40 15 3.8 +0.8
GIGE SoFi Gig Economy ETF 6.6 59 -4 -0.2 -3.3
IEMG iShares Core MSCI Emerging Markets ETF 6.3 11 44 6.5 +3.5
KOIN Innovation Shares NextGen Protocol ETF 6.3 95 -40 3.8 +0.7
THNQ ROBO Global Artificial Intelligence ETF 6.1 68 -13 1.3 -1.8
VIGI Vanguard International Dividend Appreciation ETF 6.1 20 35 5.0 +2.0
MTUM iShares MSCI USA Momentum Factor ETF 6.1 15 40 2.2 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 6.0 49 6 7.3 +4.3
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 6.0 45 10 4.4 +1.4
SPHQ Invesco S&P 500 Quality ETF 5.9 15 40 4.4 +1.3
NULG Nuveen ESG Large-Cap Growth ETF 5.8 35 20 2.9 -0.1
BLOK Amplify Transformational Data Sharing ETF 5.7 70 -15 4.1 +1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.7 75 -20 2.9 -0.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.7 70 -15 2.5 -0.6
BICK First Trust BICK Index Fund 5.6 64 -9 3.2 +0.1
MMLG First Trust Multi-Manager Large Growth ETF 5.5 85 -30 1.8 -1.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 5.4 68 -13 4.9 +1.9
VEGN US Vegan Climate ETF 5.4 60 -5 3.9 +0.9
JOYY Infusive Compounding Global Equities ETF 5.4 50 5 3.4 +0.4
FNI First Trust Chindia ETF 5.4 60 -5 2.4 -0.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Video Gaming & eSports ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.8 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.