HERO vs. DBE
HERO (Global X Video Games & Esports ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, HERO returned -1.39%/yr vs 17.82%/yr for DBE. Their 0.10 correlation means their historical movements had little consistent relationship. HERO charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
HERO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, HERO achieves a -10.56% return, which is significantly lower than DBE's 71.26% return.
HERO
- 1D
- 1.40%
- 1M
- 4.91%
- 6M
- -9.80%
- YTD
- -10.56%
- 1Y
- -13.47%
- 3Y*
- 10.27%
- 5Y*
- -1.39%
- 10Y*
- —
- ALL TIME*
- 9.68%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $881.17K | $612.17K | $690.19K |
HERO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | -10.56% | 28.74% | 17.65% | 8.36% | -33.42% | -8.37% | 91.02% | 9.12% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 8.24% |
Correlation
The correlation between HERO and DBE is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019 | 0.10 |
The correlation between HERO and DBE shifts across timeframes, from -0.24 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HERO vs. DBE — Risk / Return Rank
HERO
DBE
HERO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Invesco DB Energy Fund (DBE). 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.
| HERO | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.50 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.76 | 7.82 | -8.58 |
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Drawdowns
HERO vs. DBE - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HERO and DBE.
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Drawdown Indicators
| HERO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -86.69% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -30.78% | -24.72% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -30.78% | -24.72% | -6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -46.42% | -38.74% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -24.74% | -34.98% | +10.24% |
Average DrawdownAverage peak-to-trough decline | -26.02% | -57.13% | +31.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.64% | 7.90% | +9.74% |
Volatility
HERO vs. DBE - Volatility Comparison
The current volatility for Global X Video Games & Esports ETF (HERO) is 7.39%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 15.07% | -7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 34.26% | -18.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 37.66% | -17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 30.15% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.45% | 28.60% | -4.15% |
HERO vs. DBE - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
HERO vs. DBE - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 1.74%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
HERO Global X Video Games & Esports ETF | 1.74% | 1.62% | 1.06% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% | 0.00% |
Frequently Asked Questions
HERO and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to HERO (7.39%). In terms of maximum drawdown, HERO dropped -54.02% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.82% vs -1.39% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, HERO has been the lower-risk option at 7.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.82% return vs -1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HERO is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 1.74% for HERO.
HERO is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. HERO tracks Solactive Video Games & Esports Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for HERO and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.66), 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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