HERO vs. GDLC
Compare and contrast key facts about Global X Video Games & Esports ETF (HERO) and Grayscale CoinDesk Crypto 5 ETF (GDLC).
HERO and GDLC 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. GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018. Both HERO and GDLC 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
HERO vs. GDLC - Performance Comparison
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HERO vs. GDLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | -13.53% | 28.74% | 17.65% | 8.36% | -33.42% | -8.37% | 91.02% | 5.07% |
GDLC Grayscale CoinDesk Crypto 5 ETF | -24.52% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -5.00% |
Returns By Period
In the year-to-date period, HERO achieves a -13.53% return, which is significantly higher than GDLC's -24.52% return.
HERO
- 1D
- 2.84%
- 1M
- -6.30%
- YTD
- -13.53%
- 6M
- -23.21%
- 1Y
- 4.76%
- 3Y*
- 9.37%
- 5Y*
- -3.50%
- 10Y*
- —
GDLC
- 1D
- 2.20%
- 1M
- 3.93%
- YTD
- -24.52%
- 6M
- -44.20%
- 1Y
- -10.19%
- 3Y*
- 65.34%
- 5Y*
- -3.20%
- 10Y*
- —
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HERO vs. GDLC - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is lower than GDLC's 0.59% expense ratio.
Return for Risk
HERO vs. GDLC — Risk / Return Rank
HERO
GDLC
HERO vs. GDLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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.
| HERO | GDLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | -0.20 | +0.42 |
Sortino ratioReturn per unit of downside risk | 0.46 | 0.06 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.19 | +0.27 |
Martin ratioReturn relative to average drawdown | 0.18 | -0.41 | +0.60 |
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
| HERO | GDLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.20 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.04 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.31 | +0.08 |
Correlation
The correlation between HERO and GDLC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HERO vs. GDLC - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 1.88%, while GDLC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | 1.88% | 1.62% | 1.06% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HERO vs. GDLC - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for HERO and GDLC.
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Drawdown Indicators
| HERO | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -94.14% | +40.12% |
Max Drawdown (1Y)Largest decline over 1 year | -26.64% | -52.91% | +26.27% |
Max Drawdown (5Y)Largest decline over 5 years | -49.09% | -94.14% | +45.05% |
Current DrawdownCurrent decline from peak | -27.24% | -51.45% | +24.21% |
Average DrawdownAverage peak-to-trough decline | -25.97% | -52.90% | +26.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.34% | 24.86% | -14.52% |
Volatility
HERO vs. GDLC - Volatility Comparison
The current volatility for Global X Video Games & Esports ETF (HERO) is 7.54%, while Grayscale CoinDesk Crypto 5 ETF (GDLC) has a volatility of 13.67%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than GDLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERO | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 13.67% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 40.43% | -25.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 50.42% | -28.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.43% | 77.87% | -54.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 95.02% | -70.39% |