HERG.L vs. ^NDX
HERG.L (Global X Video Games & Esports UCITS ETF Dist GBP) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, HERG.L returned -4.07%/yr vs 18.43%/yr for ^NDX. At a 0.40 correlation, their price movements are largely independent.
Performance
HERG.L vs. ^NDX - Performance Comparison
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Different Trading Currencies
HERG.L is traded in GBP, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HERG.L achieves a -14.16% return, which is significantly lower than ^NDX's 20.92% return.
HERG.L
- 1D
- -1.57%
- 1M
- -3.55%
- YTD
- -14.16%
- 6M
- -16.63%
- 1Y
- -14.51%
- 3Y*
- 5.09%
- 5Y*
- -4.07%
- 10Y*
- —
^NDX
- 1D
- -0.53%
- 1M
- 9.54%
- YTD
- 20.92%
- 6M
- 18.04%
- 1Y
- 41.34%
- 3Y*
- 24.62%
- 5Y*
- 18.43%
- 10Y*
- 21.89%
HERG.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HERG.L Global X Video Games & Esports UCITS ETF Dist GBP | -14.16% | 15.10% | 20.65% | 0.14% | -27.54% | -8.40% | -0.53% |
^NDX NASDAQ 100 Index | 20.92% | 11.61% | 27.06% | 46.12% | -25.00% | 27.83% | 0.18% |
Correlation
The correlation between HERG.L and ^NDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2020 | 0.40 |
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Return for Risk
HERG.L vs. ^NDX — Risk / Return Rank
HERG.L
^NDX
HERG.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) and NASDAQ 100 Index (^NDX). 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.
| HERG.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.47 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.45 | -4.03 |
| Martin ratioReturn relative to average drawdown | -1.08 | 10.41 | -11.50 |
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
| HERG.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | 2.69 | -3.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.87 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.81 | -1.02 |
Drawdowns
HERG.L vs. ^NDX - Drawdown Comparison
The maximum HERG.L drawdown since its inception was -48.02%, which is greater than ^NDX's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for HERG.L and ^NDX.
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Drawdown Indicators
| HERG.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.02% | -34.63% | -13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -12.05% | -12.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | -24.98% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -28.43% | -11.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.43% | — |
Current DrawdownCurrent decline from peak | -32.54% | -0.53% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -5.62% | -24.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 3.98% | +9.37% |
Volatility
HERG.L vs. ^NDX - Volatility Comparison
Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) has a higher volatility of 5.04% compared to NASDAQ 100 Index (^NDX) at 3.97%. This indicates that HERG.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERG.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 3.97% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 11.00% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.55% | 15.42% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 21.32% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 22.44% | -2.04% |
Frequently Asked Questions
HERG.L and ^NDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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