HERG.L vs. ^NDX

Last updated Jun 26, 2026

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 -5.35%/yr vs 16.63%/yr for ^NDX. At a 0.40 correlation, their price movements are largely independent.

Performance

HERG.L vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

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 -19.30% return, which is significantly lower than ^NDX's 19.03% return.

HERG.L

• 1D: -1.88%
• 1M: -6.90%
• YTD: -19.30%
• 6M: -18.52%
• 1Y: -24.14%
• 3Y*: 3.93%
• 5Y*: -5.35%
• 10Y*: —

^NDX

• 1D: 0.53%
• 1M: -0.01%
• YTD: 19.03%
• 6M: 17.44%
• 1Y: 37.03%
• 3Y*: 24.52%
• 5Y*: 16.63%
• 10Y*: 21.52%

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

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	-19.30%	15.61%	20.51%	0.51%	-27.56%	-8.39%	-0.87%
^NDX NASDAQ 100 Index	19.03%	11.61%	27.06%	46.12%	-25.00%	27.83%	0.48%

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	0.41
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 18, 2020	0.40

Return for Risk

HERG.L vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HERG.L

HERG.L Risk / Return Rank: 1
HERG.L Sharpe Ratio Rank: 0
HERG.L Sortino Ratio Rank: 1
HERG.L Omega Ratio Rank: 1
HERG.L Calmar Ratio Rank: 2
HERG.L Martin Ratio Rank: 1

^NDX

^NDX Risk / Return Rank: 77
^NDX Sharpe Ratio Rank: 78
^NDX Sortino Ratio Rank: 77
^NDX Omega Ratio Rank: 79
^NDX Calmar Ratio Rank: 79
^NDX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	HERG.L	^NDX	Difference
Sharpe ratio: Return per unit of total volatility	-1.36	2.16	-3.52
Sortino ratio: Return per unit of downside risk	-1.87	2.78	-4.65
Omega ratio: Gain probability vs. loss probability	0.79	1.39	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.82	3.09	-3.91
Martin ratio: Return relative to average drawdown	-1.62	9.15	-10.77

HERG.L vs. ^NDX - Sharpe Ratio Comparison

The current HERG.L Sharpe Ratio is -1.36, which is lower than the ^NDX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of HERG.L and ^NDX, 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

HERG.L vs. ^NDX - Drawdown Comparison

The maximum HERG.L drawdown since its inception was -47.89%, 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.

Drawdown Indicators

	HERG.L	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-47.89%	-34.63%	-13.26%
Max Drawdown (1Y) Largest decline over 1 year	-29.28%	-12.05%	-17.23%
Max Drawdown (3Y) Largest decline over 3 years	-29.28%	-24.98%	-4.30%
Max Drawdown (5Y) Largest decline over 5 years	-40.23%	-28.43%	-11.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.43%	—
Current Drawdown Current decline from peak	-36.18%	-3.09%	-33.09%
Average Drawdown Average peak-to-trough decline	-30.19%	-5.62%	-24.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.87%	4.06%	+10.81%

Volatility

HERG.L vs. ^NDX - Volatility Comparison

The current volatility for Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) is 5.16%, while NASDAQ 100 Index (^NDX) has a volatility of 8.49%. This indicates that HERG.L experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERG.L	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	8.49%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	13.31%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	17.24%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.17%	21.61%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	22.51%	-2.13%

Frequently Asked Questions

Can I hold both HERG.L and ^NDX in my portfolio?

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.