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HERO vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HERO vs. EUFN

Last updated Jun 4, 2026

HERO (Global X Video Games & Esports ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index. Both are passively managed. Over the past 5 years, HERO returned -3.62%/yr vs 17.47%/yr for EUFN. At a 0.47 correlation, their price movements are largely independent. HERO charges 0.50%/yr vs 0.48%/yr for EUFN.

Performance

HERO vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Video Games & Esports ETF (HERO) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HERO achieves a -13.80% return, which is significantly lower than EUFN's 1.54% return.

HERO

1D
-2.41%
1M
-2.63%
YTD
-13.80%
6M
-16.14%
1Y
-12.41%
3Y*
9.75%
5Y*
-3.62%
10Y*
—

EUFN

1D
-2.03%
1M
2.59%
YTD
1.54%
6M
8.77%
1Y
23.06%
3Y*
30.91%
5Y*
17.47%
10Y*
11.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HERO vs. EUFN - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HERO
Global X Video Games & Esports ETF		-13.80%28.74%17.65%8.36%-33.42%-8.37%91.02%9.12%
EUFN
iShares MSCI Europe Financials ETF		1.54%65.73%17.20%26.15%-8.78%19.13%-8.55%6.93%

Correlation

The correlation between HERO and EUFN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2019

0.47

The correlation between HERO and EUFN has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

HERO vs. EUFN - Sectors Allocation Comparison

Sectors
HERO
EUFN

Communication Services

93.0%

-

Technology

5.6%
1.1%

Industrials

1.4%
0.4%

Basic Materials

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

97.3%

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Communication Services

HERO
93.0%
EUFN

-

Technology

HERO
5.6%
EUFN
1.1%

Industrials

HERO
1.4%
EUFN
0.4%

Basic Materials

HERO

-

EUFN

-

Consumer Cyclical

HERO

-

EUFN
0.2%

Consumer Defensive

HERO

-

EUFN

-

Energy

HERO

-

EUFN

-

Financial Services

HERO

-

EUFN
97.3%

Healthcare

HERO

-

EUFN

-

Real Estate

HERO

-

EUFN

-

Utilities

HERO

-

EUFN

-

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Global X Video Games & Esports ETF

iShares MSCI Europe Financials ETF

Often compared with HERO:
HERO vs. ESPOHERO vs. NERDHERO vs. GAMRHERO vs. FVALHERO vs. FINXHERO vs. ESPO.LHERO vs. XOM
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

HERO vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HERO
HERO Risk / Return Rank: 44
Overall Rank
HERO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
HERO Sortino Ratio Rank: 44
Sortino Ratio Rank
HERO Omega Ratio Rank: 33
Omega Ratio Rank
HERO Calmar Ratio Rank: 55
Calmar Ratio Rank
HERO Martin Ratio Rank: 55
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 3232
Overall Rank
EUFN Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 3232
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3030
Omega Ratio Rank
EUFN Calmar Ratio Rank: 3232
Calmar Ratio Rank
EUFN Martin Ratio Rank: 3535
Martin Ratio Rank
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.

HERO vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and iShares MSCI Europe Financials ETF (EUFN). 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.

HEROEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.64
1.17

-1.81

Sortino ratioReturn per unit of downside risk
-0.77
1.74

-2.50

Omega ratioGain probability vs. loss probability

0.91

1.21

-0.30

Calmar ratioReturn relative to maximum drawdown

-0.47

1.57

-2.04

Martin ratioReturn relative to average drawdown

-0.88

5.49

-6.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HERO vs. EUFN - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.64, which is lower than the EUFN Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of HERO and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HEROEUFNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.64

1.17

-1.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.81

-0.96

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.27

+0.12

Drawdowns

HERO vs. EUFN - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, roughly equal to the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for HERO and EUFN.

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Drawdown Indicators

HEROEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-53.25%

-0.77%

Max Drawdown (1Y)

Largest decline over 1 year

-26.64%

-14.77%

-11.87%

Max Drawdown (3Y)

Largest decline over 3 years

-26.64%

-15.95%

-10.69%

Max Drawdown (5Y)

Largest decline over 5 years

-48.44%

-35.15%

-13.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-27.46%

-3.16%

-24.30%

Average Drawdown

Average peak-to-trough decline

-25.97%

-14.56%

-11.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.11%

4.21%

+9.90%

Volatility

HERO vs. EUFN - Volatility Comparison

The current volatility for Global X Video Games & Esports ETF (HERO) is 5.13%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 7.00%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HEROEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

7.00%

-1.87%

Volatility (6M)

Calculated over the trailing 6-month period

15.10%

16.56%

-1.46%

Volatility (1Y)

Calculated over the trailing 1-year period

19.52%

19.75%

-0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.37%

21.80%

+1.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.50%

24.55%

-0.05%

HERO vs. EUFN - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is higher than EUFN's 0.48% expense ratio.

Dividends

HERO vs. EUFN - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.88%, less than EUFN's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.52%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
HERO
Global X Video Games & Esports ETF		1.88%1.62%1.06%0.73%0.28%0.79%0.71%0.17%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HERO and EUFN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (7.00%) compared to HERO (5.13%). In terms of maximum drawdown, HERO dropped -54.02% vs EUFN's -53.25%.

On 5-year performance, EUFN leads with 17.47% vs -3.62% for HERO. On fees, EUFN is cheaper at 0.48% per year. On volatility, HERO has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EUFN has performed better with a 17.47% return vs -3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.48% expense ratio, compared with 0.50% for HERO.

EUFN has the higher dividend yield at 3.52%, compared with 1.88% for HERO.

HERO is categorized as Large Cap Growth Equities, while EUFN is Financials Equities. HERO tracks Solactive Video Games & Esports Index, while EUFN tracks MSCI Europe Financials Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for HERO and 0.48% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.17 vs -0.64), 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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