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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVAL or HERO.
Performance
FVAL vs. HERO - Performance Comparison
Returns By Period
In the year-to-date period, FVAL achieves a 20.91% return, which is significantly higher than HERO's 17.68% return.
FVAL
20.91%
3.33%
12.52%
28.35%
13.48%
N/A
HERO
17.68%
3.95%
14.44%
19.21%
9.34%
N/A
Key characteristics
| FVAL | HERO | |
|---|---|---|
| Sharpe Ratio | 2.47 | 0.90 |
| Sortino Ratio | 3.30 | 1.34 |
| Omega Ratio | 1.46 | 1.16 |
| Calmar Ratio | 3.65 | 0.40 |
| Martin Ratio | 15.56 | 5.33 |
| Ulcer Index | 1.82% | 3.61% |
| Daily Std Dev | 11.46% | 21.36% |
| Max Drawdown | -37.26% | -54.02% |
| Current Drawdown | -0.47% | -34.62% |
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FVAL vs. HERO - Expense Ratio Comparison
FVAL has a 0.29% expense ratio, which is lower than HERO's 0.50% expense ratio.
Correlation
The correlation between FVAL and HERO is 0.58, 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.
Risk-Adjusted Performance
FVAL vs. HERO - Risk-Adjusted Performance 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.
Dividends
FVAL vs. HERO - Dividend Comparison
FVAL's dividend yield for the trailing twelve months is around 1.57%, more than HERO's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | 1.57% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% |
HERO Global X Video Games & Esports ETF | 0.68% | 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. For additional features, visit the drawdowns tool.
Volatility
FVAL vs. HERO - Volatility Comparison
The current volatility for Fidelity Value Factor ETF (FVAL) is 4.16%, while Global X Video Games & Esports ETF (HERO) has a volatility of 6.29%. 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.