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Video-Game Stocks and ETFs Ride Covid Rally to Gains Topping 50%

  • Sector index has gained substantially more than Netflix
  • Boomers aren’t all in, despite their grandkids’ obsessions
An attendant uses the Joy-Con controller for a Nintendo Co. Switch game console.
Photographer: Kiyoshi Ota/Bloomberg

Netflix Inc.’s subscriber gains earlier this year had many ready to crown it king of quarantine. Instead, it’s the video game sector that’s laid claim to the throne.

The Solactive Video Games & Esports Index has gained 77% since the start of U.S. state lockdowns in March, while Netflix rose 44% during the same period. And returns on video game exchange-traded funds have totaled more than 50% this year.