HERO vs. GAMR

Last updated Aug 2, 2026

HERO (Global X Video Games & Esports ETF) and GAMR (Amplify Video Game Leaders ETF) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index. Both are passively managed. Over the past 5 years, HERO returned -2.11%/yr vs 0.86%/yr for GAMR. Their correlation of 0.81 means they have usually moved in the same direction. HERO charges 0.50%/yr vs 0.59%/yr for GAMR.

Performance

HERO vs. GAMR - Performance Comparison

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

Returns By Period

In the year-to-date period, HERO achieves a -11.80% return, which is significantly lower than GAMR's 3.02% return.

HERO

• 1D: -3.46%
• 1M: 3.47%
• 6M: -11.15%
• YTD: -11.80%
• 1Y: -14.66%
• 3Y*: 8.63%
• 5Y*: -2.11%
• 10Y*: —
• ALL TIME*: 9.47%

GAMR

• 1D: -0.06%
• 1M: 2.45%
• 6M: 8.06%
• YTD: 3.02%
• 1Y: 6.41%
• 3Y*: 14.92%
• 5Y*: 0.86%
• 10Y*: 12.22%
• ALL TIME*: 13.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GAMR Amplify Video Game Leaders ETF	$69.51K	$68.28K	$108.93K
HERO Global X Video Games & Esports ETF	$807.35K	$571.35K	$683.96K

HERO vs. GAMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	-11.80%	28.74%	17.65%	8.36%	-33.42%	-8.37%	91.02%	9.12%
GAMR Amplify Video Game Leaders ETF	3.02%	39.20%	11.23%	6.89%	-36.96%	11.31%	76.83%	6.93%

Correlation

The correlation between HERO and GAMR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.81

The correlation between HERO and GAMR shifts across timeframes, from 0.66 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

HERO vs. GAMR - Sectors Allocation Comparison

Sectors	HERO	GAMR
Communication Services	92.0%	19.6%
Technology	6.7%	66.2%
Industrials	1.4%	-
Basic Materials	-	-
Consumer Cyclical	-	11.2%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.6%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HERO vs. GAMR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HERO

HERO Risk / Return Rank: 4
HERO Sharpe Ratio Rank: 3
HERO Sortino Ratio Rank: 4
HERO Omega Ratio Rank: 4
HERO Calmar Ratio Rank: 5
HERO Martin Ratio Rank: 5

GAMR

GAMR Risk / Return Rank: 15
GAMR Sharpe Ratio Rank: 15
GAMR Sortino Ratio Rank: 15
GAMR Omega Ratio Rank: 15
GAMR Calmar Ratio Rank: 13
GAMR Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HERO vs. GAMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Amplify Video Game Leaders ETF (GAMR). 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	GAMR	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	0.20	-0.93
Sortino ratio: Return per unit of downside risk	-0.91	0.44	-1.34
Omega ratio: Gain probability vs. loss probability	0.89	1.05	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.49	0.16	-0.65
Martin ratio: Return relative to average drawdown	-0.85	0.35	-1.20

HERO vs. GAMR - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.73, which is lower than the GAMR Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of HERO and GAMR, 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

HERO vs. GAMR - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, roughly equal to the maximum GAMR drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for HERO and GAMR.

Drawdown Indicators

	HERO	GAMR	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-55.37%	+1.35%
Max Drawdown (1Y) Largest decline over 1 year	-30.78%	-29.36%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-29.36%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-46.42%	-50.57%	+4.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.37%	—
Current Drawdown Current decline from peak	-25.78%	-14.16%	-11.62%
Average Drawdown Average peak-to-trough decline	-26.03%	-22.03%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	13.55%	+4.04%

Volatility

HERO vs. GAMR - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 7.30% compared to Amplify Video Game Leaders ETF (GAMR) at 6.33%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than GAMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERO	GAMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	6.33%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.73%	19.39%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	23.84%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	24.67%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	24.38%	+0.07%

HERO vs. GAMR - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is lower than GAMR's 0.59% expense ratio.

Dividends

HERO vs. GAMR - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.77%, more than GAMR's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GAMR Amplify Video Game Leaders ETF	0.50%	0.52%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%
HERO Global X Video Games & Esports ETF	1.77%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%

Frequently Asked Questions

Can I hold both HERO and GAMR in my portfolio?

HERO and GAMR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HERO or GAMR?

HERO has higher volatility (7.30%) compared to GAMR (6.33%). In terms of maximum drawdown, HERO dropped -54.02% vs GAMR's -55.37%.

Which ETF is better, HERO or GAMR?

On 5-year performance, GAMR leads with 0.86% vs -2.11% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, GAMR has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HERO or GAMR?

Over the 5-year period, GAMR has performed better with a 0.86% return vs -2.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HERO or GAMR?

HERO is cheaper with a 0.50% expense ratio, compared with 0.59% for GAMR.

Which ETF pays a higher dividend yield, HERO or GAMR?

HERO has the higher dividend yield at 1.77%, compared with 0.50% for GAMR.

What is the main difference between HERO and GAMR?

HERO is categorized as Large Cap Growth Equities, while GAMR is Gaming. HERO tracks Solactive Video Games & Esports Index, while GAMR tracks VettaFi Video Game Leaders Index. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.50% for HERO and 0.59% for GAMR.

Which has better risk-adjusted returns?

GAMR currently has the higher Sharpe Ratio (0.20 vs -0.73), 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.