PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HERO vs. ILCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HERO vs. ILCB

Last updated Aug 4, 2026
Documentation

HERO (Global X Video Games & Esports ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds - HERO tracks the Solactive Video Games & Esports Index while ILCB tracks the Morningstar US Large-Mid Cap Index. Both are passively managed. Over the past 5 years, HERO returned -1.39%/yr vs 12.54%/yr for ILCB. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HERO charges 0.50%/yr vs 0.03%/yr for ILCB.

Performance

HERO vs. ILCB - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, HERO achieves a -10.56% return, which is significantly lower than ILCB's 11.73% 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%

ILCB

1D
1.54%
1M
1.56%
6M
9.71%
YTD
11.73%
1Y
23.00%
3Y*
20.96%
5Y*
12.54%
10Y*
14.42%
ALL TIME*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HERO

Global X Video Games & Esports ETF
$881.17K$612.17K$690.19K

ILCB

iShares Morningstar U.S. Equity ETF
$1.31M$1.30M$1.40M

HERO vs. ILCB - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HERO
Global X Video Games & Esports ETF		-10.56%28.74%17.65%8.36%-33.42%-8.37%91.02%9.12%
ILCB
iShares Morningstar U.S. Equity ETF		11.73%17.70%24.96%26.91%-19.48%24.07%19.40%7.79%

Correlation

The correlation between HERO and ILCB is 0.56, 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.

0.56

Correlation (3Y)
Balances recent behavior with more history.

0.58

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.64

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2019

0.62

The correlation between HERO and ILCB has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.

HERO vs. ILCB - Sectors Allocation Comparison

Sectors
HERO
ILCB

Communication Services

92.0%
9.8%

Technology

6.7%
38.4%

Industrials

1.4%
8.9%

Basic Materials

-

1.8%

Consumer Cyclical

-

9.4%

Consumer Defensive

-

4.4%

Energy

-

3.1%

Financial Services

-

11.4%

Healthcare

-

9.0%

Real Estate

-

1.7%

Utilities

-

2.2%

Communication Services

HERO
92.0%
ILCB
9.8%

Technology

HERO
6.7%
ILCB
38.4%

Industrials

HERO
1.4%
ILCB
8.9%

Basic Materials

HERO

-

ILCB
1.8%

Consumer Cyclical

HERO

-

ILCB
9.4%

Consumer Defensive

HERO

-

ILCB
4.4%

Energy

HERO

-

ILCB
3.1%

Financial Services

HERO

-

ILCB
11.4%

Healthcare

HERO

-

ILCB
9.0%

Real Estate

HERO

-

ILCB
1.7%

Utilities

HERO

-

ILCB
2.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Video Games & Esports ETF

iShares Morningstar U.S. Equity ETF

Often compared with HERO:
HERO vs. ESPOHERO vs. NERDHERO vs. GAMRHERO vs. FVALHERO vs. FINXHERO vs. ESPO.LHERO vs. XOM
Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. SCHBILCB vs. VTIILCB vs. BBUS

Return for Risk

HERO vs. ILCB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
HERO
HERO Risk / Return Rank: 55
Overall Rank
HERO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
HERO Sortino Ratio Rank: 44
Sortino Ratio Rank
HERO Omega Ratio Rank: 44
Omega Ratio Rank
HERO Calmar Ratio Rank: 66
Calmar Ratio Rank
HERO Martin Ratio Rank: 66
Martin Ratio Rank
ILCB
ILCB Risk / Return Rank: 7575
Overall Rank
ILCB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 7474
Sortino Ratio Rank
ILCB Omega Ratio Rank: 7474
Omega Ratio Rank
ILCB Calmar Ratio Rank: 7070
Calmar Ratio Rank
ILCB Martin Ratio Rank: 8080
Martin Ratio Rank
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. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and iShares Morningstar U.S. Equity ETF (ILCB). 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.

HEROILCBDifference
Sharpe ratioReturn per unit of total volatility
-0.66
1.78

-2.44

Sortino ratioReturn per unit of downside risk
-0.80
2.47

-3.27

Omega ratioGain probability vs. loss probability

0.90

1.32

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.44

2.54

-2.98

Martin ratioReturn relative to average drawdown

-0.76

10.74

-11.50

HERO vs. ILCB - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.66, which is lower than the ILCB Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of HERO and ILCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HERO vs. ILCB - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, roughly equal to the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for HERO and ILCB.

Loading charts...

Drawdown Indicators

HEROILCBDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-51.53%

-2.49%

Max Drawdown (1Y)

Largest decline over 1 year

-30.78%

-9.09%

-21.69%

Max Drawdown (3Y)

Largest decline over 3 years

-30.78%

-19.05%

-11.73%

Max Drawdown (5Y)

Largest decline over 5 years

-46.42%

-25.47%

-20.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.30%

—

Current Drawdown

Current decline from peak

-24.74%

-0.12%

-24.62%

Average Drawdown

Average peak-to-trough decline

-26.02%

-6.20%

-19.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.64%

2.15%

+15.49%

Volatility

HERO vs. ILCB - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 7.39% compared to iShares Morningstar U.S. Equity ETF (ILCB) at 3.90%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HEROILCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.39%

3.90%

+3.49%

Volatility (6M)

Calculated over the trailing 6-month period

16.13%

10.31%

+5.82%

Volatility (1Y)

Calculated over the trailing 1-year period

20.63%

12.99%

+7.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.48%

17.25%

+6.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.45%

18.20%

+6.25%

HERO vs. ILCB - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

HERO vs. ILCB - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.74%, more than ILCB's 0.97% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
ILCB
iShares Morningstar U.S. Equity ETF		0.97%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%

Frequently Asked Questions

HERO and ILCB have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HERO has higher volatility (7.39%) compared to ILCB (3.90%). In terms of maximum drawdown, HERO dropped -54.02% vs ILCB's -51.53%.

On 5-year performance, ILCB leads with 12.54% vs -1.39% for HERO. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ILCB has performed better with a 12.54% return vs -1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCB is cheaper with a 0.03% expense ratio, compared with 0.50% for HERO.

HERO has the higher dividend yield at 1.74%, compared with 0.97% for ILCB.

HERO tracks Solactive Video Games & Esports Index, while ILCB tracks Morningstar US Large-Mid Cap Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for HERO and 0.03% for ILCB.

ILCB currently has the higher Sharpe Ratio (1.78 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.

Portfolio Optimizer

Find the right allocation for HERO and ILCB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer