GAMR vs. HERO

Last updated Aug 2, 2026

GAMR (Amplify Video Game Leaders ETF) and HERO (Global X Video Games & Esports ETF) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index. Both are passively managed. Over the past 5 years, GAMR returned 0.86%/yr vs -2.11%/yr for HERO. Their correlation of 0.81 means they have usually moved in the same direction. GAMR charges 0.59%/yr vs 0.50%/yr for HERO.

Performance

GAMR vs. HERO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) and Global X Video Games & Esports ETF (HERO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAMR achieves a 3.02% return, which is significantly higher than HERO's -11.80% return.

GAMR

• 1D: -0.06%
• 1M: 2.45%
• 6M: 8.06%
• YTD: 3.02%
• 1Y: 6.41%
• 3Y*: 14.92%
• 5Y*: 0.86%
• 10Y*: 12.22%
• ALL TIME*: 13.42%

HERO

• 1D: -3.46%
• 1M: 3.47%
• 6M: -11.15%
• YTD: -11.80%
• 1Y: -14.66%
• 3Y*: 8.63%
• 5Y*: -2.11%
• 10Y*: —
• ALL TIME*: 9.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GAMR Amplify Video Game Leaders ETF	$69.51K	$68.28K	$108.93K
HERO Global X Video Games & Esports ETF	$807.35K	$571.35K	$683.96K

GAMR vs. HERO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GAMR Amplify Video Game Leaders ETF	3.02%	39.20%	11.23%	6.89%	-36.96%	11.31%	76.83%	6.93%
HERO Global X Video Games & Esports ETF	-11.80%	28.74%	17.65%	8.36%	-33.42%	-8.37%	91.02%	9.12%

Correlation

The correlation between GAMR and HERO is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.81

The correlation between GAMR and HERO shifts across timeframes, from 0.66 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

GAMR vs. HERO - Sectors Allocation Comparison

Sectors	GAMR	HERO
Technology	66.2%	6.7%
Communication Services	19.6%	92.0%
Consumer Cyclical	11.2%	-
Financial Services	0.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

GAMR vs. HERO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GAMR

GAMR Risk / Return Rank: 15
GAMR Sharpe Ratio Rank: 15
GAMR Sortino Ratio Rank: 15
GAMR Omega Ratio Rank: 15
GAMR Calmar Ratio Rank: 13
GAMR Martin Ratio Rank: 13

HERO

HERO Risk / Return Rank: 4
HERO Sharpe Ratio Rank: 3
HERO Sortino Ratio Rank: 4
HERO Omega Ratio Rank: 4
HERO Calmar Ratio Rank: 5
HERO Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GAMR vs. HERO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GAMR	HERO	Difference
Sharpe ratio: Return per unit of total volatility	0.20	-0.73	+0.93
Sortino ratio: Return per unit of downside risk	0.44	-0.91	+1.34
Omega ratio: Gain probability vs. loss probability	1.05	0.89	+0.16
Calmar ratio: Return relative to maximum drawdown	0.16	-0.49	+0.65
Martin ratio: Return relative to average drawdown	0.35	-0.85	+1.20

GAMR vs. HERO - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.20, which is higher than the HERO Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of GAMR and HERO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GAMR vs. HERO - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, roughly equal to the maximum HERO drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for GAMR and HERO.

Drawdown Indicators

	GAMR	HERO	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-54.02%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-30.78%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-30.78%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	-46.42%	-4.15%
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	—	—
Current Drawdown Current decline from peak	-14.16%	-25.78%	+11.62%
Average Drawdown Average peak-to-trough decline	-22.03%	-26.03%	+4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.55%	17.59%	-4.04%

Volatility

GAMR vs. HERO - Volatility Comparison

The current volatility for Amplify Video Game Leaders ETF (GAMR) is 6.33%, while Global X Video Games & Esports ETF (HERO) has a volatility of 7.30%. This indicates that GAMR 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.

Volatility by Period

	GAMR	HERO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	7.30%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	19.39%	16.73%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.84%	20.54%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	23.51%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.38%	24.45%	-0.07%

GAMR vs. HERO - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is higher than HERO's 0.50% expense ratio.

Dividends

GAMR vs. HERO - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.50%, less than HERO's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GAMR Amplify Video Game Leaders ETF	0.50%	0.52%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%
HERO Global X Video Games & Esports ETF	1.77%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%

Frequently Asked Questions

Can I hold both GAMR and HERO in my portfolio?

GAMR and HERO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAMR or HERO?

HERO has higher volatility (7.30%) compared to GAMR (6.33%). In terms of maximum drawdown, GAMR dropped -55.37% vs HERO's -54.02%.

Which ETF is better, GAMR or HERO?

On 5-year performance, GAMR leads with 0.86% vs -2.11% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, GAMR has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or HERO?

Over the 5-year period, GAMR has performed better with a 0.86% return vs -2.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or HERO?

HERO is cheaper with a 0.50% expense ratio, compared with 0.59% for GAMR.

Which ETF pays a higher dividend yield, GAMR or HERO?

HERO has the higher dividend yield at 1.77%, compared with 0.50% for GAMR.

What is the main difference between GAMR and HERO?

GAMR is categorized as Gaming, while HERO is Large Cap Growth Equities. GAMR tracks VettaFi Video Game Leaders Index, while HERO tracks Solactive Video Games & Esports Index. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.59% for GAMR and 0.50% for HERO.

Which has better risk-adjusted returns?

GAMR currently has the higher Sharpe Ratio (0.20 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.