GGMMX vs. HERO
GGMMX (Gabelli Global Mini MitesTM Fund) and HERO (Global X Video Games & Esports ETF) are both funds - GGMMX is a Global Equities fund managed by Gabelli, while HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index. Over the past 5 years, GGMMX returned 8.12%/yr vs -2.11%/yr for HERO. Their 0.48 correlation means their historical movements had little consistent relationship. GGMMX charges 0.90%/yr vs 0.50%/yr for HERO.
Performance
GGMMX vs. HERO - Performance Comparison
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Returns By Period
In the year-to-date period, GGMMX achieves a 17.68% return, which is significantly higher than HERO's -11.80% return.
GGMMX
- 1D
- 1.27%
- 1M
- -1.53%
- 6M
- 12.68%
- YTD
- 17.68%
- 1Y
- 30.59%
- 3Y*
- 14.59%
- 5Y*
- 8.12%
- 10Y*
- —
- ALL TIME*
- 11.62%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $807.35K | $571.35K | $683.96K |
GGMMX vs. HERO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GGMMX Gabelli Global Mini MitesTM Fund | 17.68% | 10.57% | 1.65% | 39.12% | -16.24% | 19.30% | 15.86% | 6.50% |
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 GGMMX and HERO is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019 | 0.48 |
The correlation between GGMMX and HERO has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
GGMMX vs. HERO — Risk / Return Rank
GGMMX
HERO
GGMMX vs. HERO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Mini MitesTM Fund (GGMMX) 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.
| GGMMX | HERO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.89 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | -0.49 | +4.00 |
| Martin ratioReturn relative to average drawdown | 11.67 | -0.85 | +12.51 |
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Drawdowns
GGMMX vs. HERO - Drawdown Comparison
The maximum GGMMX drawdown since its inception was -40.23%, smaller than the maximum HERO drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for GGMMX and HERO.
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Drawdown Indicators
| GGMMX | HERO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -54.02% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -30.78% | +22.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -30.78% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -46.42% | +18.19% |
Current DrawdownCurrent decline from peak | -3.43% | -25.78% | +22.35% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -26.03% | +16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 17.59% | -15.15% |
Volatility
GGMMX vs. HERO - Volatility Comparison
The current volatility for Gabelli Global Mini MitesTM Fund (GGMMX) is 3.91%, while Global X Video Games & Esports ETF (HERO) has a volatility of 7.30%. This indicates that GGMMX 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
| GGMMX | HERO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 7.30% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 16.73% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 20.54% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 23.51% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.95% | 24.45% | -4.50% |
GGMMX vs. HERO - Expense Ratio Comparison
GGMMX has a 0.90% expense ratio, which is higher than HERO's 0.50% expense ratio.
Dividends
GGMMX vs. HERO - Dividend Comparison
GGMMX's dividend yield for the trailing twelve months is around 5.75%, more than HERO's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GGMMX Gabelli Global Mini MitesTM Fund | 5.75% | 6.77% | 0.00% | 11.14% | 6.22% | 14.98% | 0.54% | 3.96% |
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
GGMMX and HERO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HERO has higher volatility (7.30%) compared to GGMMX (3.91%). In terms of maximum drawdown, GGMMX dropped -40.23% vs HERO's -54.02%.
GGMMX currently has the higher Sharpe Ratio (2.01 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.
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