FVAL vs. HERO
Compare and contrast key facts about Fidelity Value Factor ETF (FVAL) and Global X Video Games & Esports ETF (HERO).
FVAL and HERO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. HERO is a passively managed fund by Global X that tracks the performance of the Solactive Video Games & Esports Index. It was launched on Oct 25, 2019. Both FVAL and HERO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FVAL vs. HERO - Performance Comparison
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FVAL vs. HERO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | -3.56% | 19.56% | 18.05% | 23.10% | -14.40% | 30.33% | 9.08% | 7.19% |
HERO Global X Video Games & Esports ETF | -13.53% | 28.74% | 17.65% | 8.36% | -33.42% | -8.37% | 91.02% | 9.12% |
Returns By Period
In the year-to-date period, FVAL achieves a -3.56% return, which is significantly higher than HERO's -13.53% return.
FVAL
- 1D
- 2.86%
- 1M
- -4.78%
- YTD
- -3.56%
- 6M
- 1.74%
- 1Y
- 18.50%
- 3Y*
- 16.89%
- 5Y*
- 10.83%
- 10Y*
- —
HERO
- 1D
- 2.84%
- 1M
- -6.30%
- YTD
- -13.53%
- 6M
- -23.21%
- 1Y
- 4.76%
- 3Y*
- 9.37%
- 5Y*
- -3.50%
- 10Y*
- —
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FVAL vs. HERO - Expense Ratio Comparison
FVAL has a 0.15% expense ratio, which is lower than HERO's 0.50% expense ratio.
Return for Risk
FVAL vs. HERO — Risk / Return Rank
FVAL
HERO
FVAL vs. HERO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and Global X Video Games & Esports ETF (HERO). 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.
| FVAL | HERO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.22 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.46 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.07 | +1.53 |
Martin ratioReturn relative to average drawdown | 7.26 | 0.18 | +7.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FVAL | HERO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.22 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.15 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.39 | +0.33 |
Correlation
The correlation between FVAL and HERO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FVAL vs. HERO - Dividend Comparison
FVAL's dividend yield for the trailing twelve months is around 1.71%, less than HERO's 1.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | 1.71% | 1.61% | 1.60% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% |
HERO Global X Video Games & Esports ETF | 1.88% | 1.62% | 1.06% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% | 0.00% | 0.00% | 0.00% |
Drawdowns
FVAL vs. HERO - Drawdown Comparison
The maximum FVAL drawdown since its inception was -37.26%, smaller than the maximum HERO drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for FVAL and HERO.
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Drawdown Indicators
| FVAL | HERO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.26% | -54.02% | +16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -26.64% | +14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.42% | -49.09% | +25.67% |
Current DrawdownCurrent decline from peak | -6.32% | -27.24% | +20.92% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -25.97% | +21.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 10.34% | -7.69% |
Volatility
FVAL vs. HERO - Volatility Comparison
The current volatility for Fidelity Value Factor ETF (FVAL) is 5.12%, while Global X Video Games & Esports ETF (HERO) has a volatility of 7.54%. This indicates that FVAL experiences smaller price fluctuations and is considered to be less risky than HERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVAL | HERO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 7.54% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 15.42% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 21.82% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 23.43% | -6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 24.63% | -6.42% |