HERO vs. MFUS

Last updated Jun 4, 2026

HERO (Global X Video Games & Esports ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both Large Cap Growth Equities funds - HERO tracks the Solactive Video Games & Esports Index while MFUS tracks the RAFI Dynamic Multi-Factor U.S. Index​. Both are passively managed. Over the past 5 years, HERO returned -3.62%/yr vs 12.82%/yr for MFUS. A 0.53 correlation means they provide meaningful diversification when combined. HERO charges 0.50%/yr vs 0.30%/yr for MFUS.

Performance

HERO vs. MFUS - Performance Comparison

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

Returns By Period

In the year-to-date period, HERO achieves a -13.80% return, which is significantly lower than MFUS's 16.37% return.

HERO

• 1D: -2.41%
• 1M: -2.63%
• YTD: -13.80%
• 6M: -16.14%
• 1Y: -12.41%
• 3Y*: 9.75%
• 5Y*: -3.62%
• 10Y*: —

MFUS

• 1D: 0.03%
• 1M: 5.72%
• YTD: 16.37%
• 6M: 16.58%
• 1Y: 28.04%
• 3Y*: 22.25%
• 5Y*: 12.82%
• 10Y*: —

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

HERO vs. MFUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	-13.80%	28.74%	17.65%	8.36%	-33.42%	-8.37%	91.02%	9.12%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	16.37%	16.02%	20.17%	12.19%	-5.82%	24.10%	10.64%	4.71%

Correlation

The correlation between HERO and MFUS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 1, 2019	0.53

The correlation between HERO and MFUS has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

HERO vs. MFUS - Sectors Allocation Comparison

Sectors	HERO	MFUS
Communication Services	93.0%	5.3%
Technology	5.6%	21.8%
Industrials	1.4%	12.6%
Basic Materials	-	2.8%
Consumer Cyclical	-	10.6%
Consumer Defensive	-	10.3%
Energy	-	7.0%
Financial Services	-	12.6%
Healthcare	-	13.5%
Real Estate	-	1.8%
Utilities	-	1.7%

Return for Risk

HERO vs. MFUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 3
HERO Calmar Ratio Rank: 5
HERO Martin Ratio Rank: 5

MFUS

MFUS Risk / Return Rank: 82
MFUS Sharpe Ratio Rank: 80
MFUS Sortino Ratio Rank: 83
MFUS Omega Ratio Rank: 78
MFUS Calmar Ratio Rank: 83
MFUS Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HERO vs. MFUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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	MFUS	Difference
Sharpe ratio Return per unit of total volatility	-0.64	2.63	-3.27
Sortino ratio Return per unit of downside risk	-0.77	3.77	-4.54
Omega ratio Gain probability vs. loss probability	0.91	1.47	-0.57
Calmar ratio Return relative to maximum drawdown	-0.47	4.41	-4.88
Martin ratio Return relative to average drawdown	-0.88	18.13	-19.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HERO vs. MFUS - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.64, which is lower than the MFUS Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of HERO and MFUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HERO	MFUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	2.63	-3.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.86	-1.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.79	-0.41

Drawdowns

HERO vs. MFUS - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, which is greater than MFUS's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for HERO and MFUS.

Drawdown Indicators

	HERO	MFUS	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-35.21%	-18.81%
Max Drawdown (1Y) Largest decline over 1 year	-26.64%	-6.39%	-20.25%
Max Drawdown (3Y) Largest decline over 3 years	-26.64%	-15.39%	-11.25%
Max Drawdown (5Y) Largest decline over 5 years	-48.44%	-18.22%	-30.22%
Current Drawdown Current decline from peak	-27.46%	0.00%	-27.46%
Average Drawdown Average peak-to-trough decline	-25.97%	-4.00%	-21.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.11%	1.55%	+12.56%

Volatility

HERO vs. MFUS - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 5.13% compared to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) at 3.19%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERO	MFUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	3.19%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	8.22%	+6.88%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	10.72%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	15.03%	+8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.50%	17.35%	+7.15%

HERO vs. MFUS - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is higher than MFUS's 0.30% expense ratio.

Dividends

HERO vs. MFUS - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.88%, more than MFUS's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HERO Global X Video Games & Esports ETF	1.88%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%	0.00%	0.00%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.36%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%

Frequently Asked Questions

Can I hold both HERO and MFUS in my portfolio?

HERO and MFUS have a correlation of 0.45, 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 MFUS?

HERO has higher volatility (5.13%) compared to MFUS (3.19%). In terms of maximum drawdown, HERO dropped -54.02% vs MFUS's -35.21%.

Which ETF is better, HERO or MFUS?

On 5-year performance, MFUS leads with 12.82% vs -3.62% for HERO. On fees, MFUS is cheaper at 0.30% per year. On volatility, MFUS has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HERO or MFUS?

Over the 5-year period, MFUS has performed better with a 12.82% return vs -3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HERO or MFUS?

MFUS is cheaper with a 0.30% expense ratio, compared with 0.50% for HERO.

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

HERO has the higher dividend yield at 1.88%, compared with 1.36% for MFUS.

What is the main difference between HERO and MFUS?

HERO tracks Solactive Video Games & Esports Index, while MFUS tracks RAFI Dynamic Multi-Factor U.S. Index​. They also come from different issuers: Global X and PIMCO. Their fees differ too: 0.50% for HERO and 0.30% for MFUS.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.63 vs -0.64), 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.