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HERO vs. IXP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HERO vs. IXP

Last updated Aug 4, 2026
Documentation

HERO (Global X Video Games & Esports ETF) and IXP (iShares Global Comm Services ETF) are both Large Cap Growth Equities funds - HERO tracks the Solactive Video Games & Esports Index while IXP tracks the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. Both are passively managed. Over the past 5 years, HERO returned -1.39%/yr vs 8.32%/yr for IXP. Their 0.67 correlation means they have sometimes moved together and sometimes differently. HERO charges 0.50%/yr vs 0.43%/yr for IXP.

Performance

HERO vs. IXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Video Games & Esports ETF (HERO) and iShares Global Comm Services ETF (IXP). 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 -10.56% return, which is significantly lower than IXP's -1.64% 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%

IXP

1D
2.99%
1M
3.30%
6M
-5.05%
YTD
-1.64%
1Y
9.01%
3Y*
21.46%
5Y*
8.32%
10Y*
8.78%
ALL TIME*
6.65%
*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

IXP

iShares Global Comm Services ETF
$6.29M$4.27M$3.74M

HERO vs. IXP - 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%
IXP
iShares Global Comm Services ETF		-1.64%29.27%31.33%38.80%-33.40%12.77%22.16%5.77%

Correlation

The correlation between HERO and IXP is 0.53, 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.

0.53

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

0.57

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

0.66

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

0.67

The correlation between HERO and IXP shifts across timeframes, from 0.53 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

HERO vs. IXP - Sectors Allocation Comparison

Sectors
HERO
IXP

Communication Services

92.0%
99.4%

Technology

6.7%
2.0%

Industrials

1.4%

-

Basic Materials

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

0.5%

Utilities

-

-

Communication Services

HERO
92.0%
IXP
99.4%

Technology

HERO
6.7%
IXP
2.0%

Industrials

HERO
1.4%
IXP

-

Basic Materials

HERO

-

IXP

-

Consumer Cyclical

HERO

-

IXP
0.2%

Consumer Defensive

HERO

-

IXP

-

Energy

HERO

-

IXP

-

Financial Services

HERO

-

IXP

-

Healthcare

HERO

-

IXP

-

Real Estate

HERO

-

IXP
0.5%

Utilities

HERO

-

IXP

-

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Global X Video Games & Esports ETF

iShares Global Comm Services ETF

Often compared with HERO:
HERO vs. ESPOHERO vs. NERDHERO vs. GAMRHERO vs. FVALHERO vs. FINXHERO vs. ESPO.LHERO vs. XOM
Often compared with IXP:
IXP vs. XLCIXP vs. FCOMIXP vs. IYZIXP vs. VOOIXP vs. QQQIXP vs. RSPNIXP vs. IYW

Return for Risk

HERO vs. IXP — 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
IXP
IXP Risk / Return Rank: 2424
Overall Rank
IXP Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2525
Sortino Ratio Rank
IXP Omega Ratio Rank: 2424
Omega Ratio Rank
IXP Calmar Ratio Rank: 2424
Calmar Ratio Rank
IXP Martin Ratio Rank: 2525
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. IXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and iShares Global Comm Services ETF (IXP). 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.

HEROIXPDifference
Sharpe ratioReturn per unit of total volatility
-0.66
0.56

-1.22

Sortino ratioReturn per unit of downside risk
-0.80
0.93

-1.73

Omega ratioGain probability vs. loss probability

0.90

1.11

-0.21

Calmar ratioReturn relative to maximum drawdown

-0.44

0.74

-1.18

Martin ratioReturn relative to average drawdown

-0.76

1.92

-2.68

HERO vs. IXP - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.66, which is lower than the IXP Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of HERO and IXP, 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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Drawdowns

HERO vs. IXP - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, which is greater than IXP's maximum drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for HERO and IXP.

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Drawdown Indicators

HEROIXPDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-50.11%

-3.91%

Max Drawdown (1Y)

Largest decline over 1 year

-30.78%

-12.26%

-18.52%

Max Drawdown (3Y)

Largest decline over 3 years

-30.78%

-17.54%

-13.24%

Max Drawdown (5Y)

Largest decline over 5 years

-46.42%

-44.30%

-2.12%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.30%

—

Current Drawdown

Current decline from peak

-24.74%

-5.75%

-18.99%

Average Drawdown

Average peak-to-trough decline

-26.02%

-11.89%

-14.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.64%

4.70%

+12.94%

Volatility

HERO vs. IXP - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 7.39% compared to iShares Global Comm Services ETF (IXP) at 6.73%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than IXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HEROIXPDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.39%

6.73%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

16.13%

12.41%

+3.72%

Volatility (1Y)

Calculated over the trailing 1-year period

20.63%

16.10%

+4.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.48%

19.26%

+4.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.45%

18.59%

+5.86%

HERO vs. IXP - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is higher than IXP's 0.43% expense ratio.

Dividends

HERO vs. IXP - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.74%, less than IXP's 3.32% 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%
IXP
iShares Global Comm Services ETF		3.32%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%

Frequently Asked Questions

HERO and IXP have a correlation of 0.53, 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 IXP (6.73%). In terms of maximum drawdown, HERO dropped -54.02% vs IXP's -50.11%.

On 5-year performance, IXP leads with 8.32% vs -1.39% for HERO. On fees, IXP is cheaper at 0.43% per year. On volatility, IXP has been the lower-risk option at 6.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IXP has performed better with a 8.32% return vs -1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXP is cheaper with a 0.43% expense ratio, compared with 0.50% for HERO.

IXP has the higher dividend yield at 3.32%, compared with 1.74% for HERO.

HERO tracks Solactive Video Games & Esports Index, while IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for HERO and 0.43% for IXP.

IXP currently has the higher Sharpe Ratio (0.56 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.

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