HERO vs. FVAL
Compare and contrast key facts about Global X Video Games & Esports ETF (HERO) and Fidelity Value Factor ETF (FVAL).
HERO and FVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HERO is a passively managed fund by Global X that tracks the performance of the Solactive Video Games & Esports Index. It was launched on Oct 25, 2019. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. Both HERO and FVAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HERO or FVAL.
Performance
HERO vs. FVAL - Performance Comparison
Returns By Period
In the year-to-date period, HERO achieves a 16.63% return, which is significantly lower than FVAL's 19.50% return.
HERO
16.63%
0.56%
11.39%
18.69%
9.16%
N/A
FVAL
19.50%
1.18%
10.30%
27.46%
13.24%
N/A
Key characteristics
| HERO | FVAL | |
|---|---|---|
| Sharpe Ratio | 0.83 | 2.36 |
| Sortino Ratio | 1.25 | 3.16 |
| Omega Ratio | 1.15 | 1.44 |
| Calmar Ratio | 0.37 | 3.48 |
| Martin Ratio | 4.94 | 14.84 |
| Ulcer Index | 3.59% | 1.82% |
| Daily Std Dev | 21.36% | 11.45% |
| Max Drawdown | -54.02% | -37.26% |
| Current Drawdown | -35.20% | -1.64% |
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HERO vs. FVAL - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is higher than FVAL's 0.29% expense ratio.
Correlation
The correlation between HERO and FVAL is 0.58, 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.
Risk-Adjusted Performance
HERO vs. FVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Fidelity Value Factor ETF (FVAL). 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.
Dividends
HERO vs. FVAL - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 0.69%, less than FVAL's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | 0.69% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% | 0.00% | 0.00% | 0.00% |
FVAL Fidelity Value Factor ETF | 1.59% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% |
Drawdowns
HERO vs. FVAL - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, which is greater than FVAL's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for HERO and FVAL. For additional features, visit the drawdowns tool.
Volatility
HERO vs. FVAL - Volatility Comparison
Global X Video Games & Esports ETF (HERO) has a higher volatility of 6.42% compared to Fidelity Value Factor ETF (FVAL) at 4.23%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than FVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.