HERO vs. LIT
Compare and contrast key facts about Global X Video Games & Esports ETF (HERO) and Global X Lithium & Battery Tech ETF (LIT).
HERO and LIT 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. LIT is a passively managed fund by Global X that tracks the performance of the Solactive Global Lithium Index. It was launched on Jul 22, 2010. Both HERO and LIT 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 LIT.
Key characteristics
| HERO | LIT | |
|---|---|---|
| YTD Return | 1.83% | -9.70% |
| 1Y Return | 4.03% | -21.45% |
| 3Y Return (Ann) | -12.58% | -8.79% |
| Sharpe Ratio | 0.21 | -0.78 |
| Daily Std Dev | 20.44% | 27.39% |
| Max Drawdown | -54.02% | -61.91% |
| Current Drawdown | -43.43% | -51.18% |
Correlation
The correlation between HERO and LIT is 0.60, 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.
Performance
HERO vs. LIT - Performance Comparison
In the year-to-date period, HERO achieves a 1.83% return, which is significantly higher than LIT's -9.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HERO vs. LIT - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
HERO vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Global X Lithium & Battery Tech ETF (LIT). 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. LIT - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 0.72%, less than LIT's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | 0.72% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LIT Global X Lithium & Battery Tech ETF | 1.23% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
HERO vs. LIT - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, smaller than the maximum LIT drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for HERO and LIT. For additional features, visit the drawdowns tool.
Volatility
HERO vs. LIT - Volatility Comparison
The current volatility for Global X Video Games & Esports ETF (HERO) is 7.77%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 9.72%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.