HERG.L vs. GCVG.L
Compare and contrast key facts about Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) and SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF (GCVG.L).
HERG.L and GCVG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HERG.L is a passively managed fund by Global X that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 18, 2020. GCVG.L is a passively managed fund by State Street that tracks the performance of the Refinitiv Qualified Global Convertible (GBP Hedged). It was launched on Jan 31, 2022. Both HERG.L and GCVG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HERG.L vs. GCVG.L - Performance Comparison
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HERG.L vs. GCVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HERG.L Global X Video Games & Esports UCITS ETF Dist GBP | -10.54% | 15.10% | 20.65% | 0.14% | -21.87% |
GCVG.L SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF | 5.31% | 22.98% | 9.45% | 13.81% | -14.46% |
Returns By Period
In the year-to-date period, HERG.L achieves a -10.54% return, which is significantly lower than GCVG.L's 5.31% return.
HERG.L
- 1D
- 1.37%
- 1M
- -2.30%
- YTD
- -10.54%
- 6M
- -20.94%
- 1Y
- 0.47%
- 3Y*
- 5.70%
- 5Y*
- -3.95%
- 10Y*
- —
GCVG.L
- 1D
- 3.31%
- 1M
- -2.70%
- YTD
- 5.31%
- 6M
- 9.45%
- 1Y
- 26.68%
- 3Y*
- 15.43%
- 5Y*
- —
- 10Y*
- —
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HERG.L vs. GCVG.L - Expense Ratio Comparison
HERG.L has a 0.50% expense ratio, which is lower than GCVG.L's 0.55% expense ratio.
Return for Risk
HERG.L vs. GCVG.L — Risk / Return Rank
HERG.L
GCVG.L
HERG.L vs. GCVG.L - 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 SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF (GCVG.L). 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 | GCVG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 2.40 | -2.37 |
Sortino ratioReturn per unit of downside risk | 0.16 | 3.33 | -3.17 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.48 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.12 | -4.14 |
Martin ratioReturn relative to average drawdown | -0.04 | 18.05 | -18.09 |
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 | GCVG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 2.40 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 0.82 | -1.00 |
Correlation
The correlation between HERG.L and GCVG.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HERG.L vs. GCVG.L - Dividend Comparison
HERG.L's dividend yield for the trailing twelve months is around 0.93%, more than GCVG.L's 0.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HERG.L Global X Video Games & Esports UCITS ETF Dist GBP | 0.93% | 0.24% | 0.37% | 0.00% | 0.01% | 0.07% |
GCVG.L SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF | 0.58% | 0.59% | 0.41% | 0.28% | 0.00% | 0.00% |
Drawdowns
HERG.L vs. GCVG.L - Drawdown Comparison
The maximum HERG.L drawdown since its inception was -48.02%, which is greater than GCVG.L's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for HERG.L and GCVG.L.
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Drawdown Indicators
| HERG.L | GCVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.02% | -17.60% | -30.42% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -6.51% | -18.45% |
Max Drawdown (5Y)Largest decline over 5 years | -41.92% | — | — |
Current DrawdownCurrent decline from peak | -29.69% | -3.22% | -26.47% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -5.68% | -24.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 1.49% | +8.30% |
Volatility
HERG.L vs. GCVG.L - Volatility Comparison
Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) has a higher volatility of 7.55% compared to SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF (GCVG.L) at 5.25%. This indicates that HERG.L's price experiences larger fluctuations and is considered to be riskier than GCVG.L 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 | GCVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 5.25% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 9.28% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 11.09% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 9.77% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 9.77% | +10.67% |