GAMR vs. HERO
Compare and contrast key facts about Wedbush ETFMG Video Game Tech ETF (GAMR) and Global X Video Games & Esports ETF (HERO).
GAMR and HERO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAMR is a passively managed fund by ETFMG that tracks the performance of the EEFund Video Game Tech Index. It was launched on Mar 8, 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 GAMR 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: GAMR or HERO.
Performance
GAMR vs. HERO - Performance Comparison
Returns By Period
In the year-to-date period, GAMR achieves a 9.79% return, which is significantly lower than HERO's 16.63% return.
GAMR
9.79%
1.67%
5.46%
14.92%
10.01%
N/A
HERO
16.63%
0.56%
11.39%
18.69%
9.16%
N/A
Key characteristics
| GAMR | HERO | |
|---|---|---|
| Sharpe Ratio | 0.68 | 0.83 |
| Sortino Ratio | 1.07 | 1.25 |
| Omega Ratio | 1.13 | 1.15 |
| Calmar Ratio | 0.29 | 0.37 |
| Martin Ratio | 3.45 | 4.94 |
| Ulcer Index | 4.17% | 3.59% |
| Daily Std Dev | 21.18% | 21.36% |
| Max Drawdown | -54.16% | -54.02% |
| Current Drawdown | -39.30% | -35.20% |
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GAMR vs. HERO - Expense Ratio Comparison
GAMR has a 0.75% expense ratio, which is higher than HERO's 0.50% expense ratio.
Correlation
The correlation between GAMR and HERO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GAMR vs. HERO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedbush ETFMG Video Game Tech 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.
Dividends
GAMR vs. HERO - Dividend Comparison
GAMR's dividend yield for the trailing twelve months is around 0.07%, less than HERO's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GAMR Wedbush ETFMG Video Game Tech ETF | 0.07% | 0.03% | 0.00% | 2.69% | 0.92% | 1.56% | 1.56% | 0.46% | 1.89% |
HERO Global X Video Games & Esports ETF | 0.69% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% | 0.00% | 0.00% | 0.00% |
Drawdowns
GAMR vs. HERO - Drawdown Comparison
The maximum GAMR drawdown since its inception was -54.16%, 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. For additional features, visit the drawdowns tool.
Volatility
GAMR vs. HERO - Volatility Comparison
Wedbush ETFMG Video Game Tech ETF (GAMR) has a higher volatility of 7.45% compared to Global X Video Games & Esports ETF (HERO) at 6.42%. This indicates that GAMR's price experiences larger fluctuations and is considered to be riskier than HERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.