HERO vs. MOOD

Last updated Jun 13, 2026

HERO (Global X Video Games & Esports ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. HERO is passively managed, while MOOD is actively managed. Over the past 3 years, HERO returned 7.42%/yr vs 20.20%/yr for MOOD. A 0.64 correlation means they provide meaningful diversification when combined. HERO charges 0.50%/yr vs 0.68%/yr for MOOD.

Performance

HERO vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Video Games & Esports ETF (HERO) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HERO achieves a -17.16% return, which is significantly lower than MOOD's 14.12% return.

HERO

• 1D: 0.30%
• 1M: -5.24%
• YTD: -17.16%
• 6M: -17.60%
• 1Y: -19.33%
• 3Y*: 7.42%
• 5Y*: -4.76%
• 10Y*: —

MOOD

• 1D: 0.41%
• 1M: 0.95%
• YTD: 14.12%
• 6M: 15.59%
• 1Y: 34.43%
• 3Y*: 20.20%
• 5Y*: —
• 10Y*: —

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

HERO vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HERO Global X Video Games & Esports ETF	-17.16%	28.74%	17.65%	8.36%	-14.45%
MOOD Relative Sentiment Tactical Allocation ETF	14.12%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between HERO and MOOD is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.64

The correlation between HERO and MOOD shifts across timeframes, from 0.53 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

HERO vs. MOOD - Sectors Allocation Comparison

Sectors	HERO	MOOD
Communication Services	93.0%	7.9%
Technology	5.6%	27.6%
Industrials	1.4%	12.6%
Basic Materials	-	4.4%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	5.1%
Energy	-	3.7%
Financial Services	-	15.7%
Healthcare	-	8.4%
Real Estate	-	2.5%
Utilities	-	2.7%

Return for Risk

HERO vs. MOOD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HERO

HERO Risk / Return Rank: 2
HERO Sharpe Ratio Rank: 1
HERO Sortino Ratio Rank: 2
HERO Omega Ratio Rank: 2
HERO Calmar Ratio Rank: 4
HERO Martin Ratio Rank: 3

MOOD

MOOD Risk / Return Rank: 77
MOOD Sharpe Ratio Rank: 83
MOOD Sortino Ratio Rank: 70
MOOD Omega Ratio Rank: 86
MOOD Calmar Ratio Rank: 77
MOOD Martin Ratio Rank: 67

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. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.

	HERO	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	2.32	-3.33
Sortino ratio: Return per unit of downside risk	-1.34	2.76	-4.09
Omega ratio: Gain probability vs. loss probability	0.84	1.45	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.70	3.46	-4.16
Martin ratio: Return relative to average drawdown	-1.33	10.68	-12.01

HERO vs. MOOD - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -1.01, which is lower than the MOOD Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of HERO and MOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HERO vs. MOOD - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for HERO and MOOD.

Drawdown Indicators

	HERO	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-14.34%	-39.68%
Max Drawdown (1Y) Largest decline over 1 year	-28.08%	-9.71%	-18.37%
Max Drawdown (3Y) Largest decline over 3 years	-28.08%	-9.71%	-18.37%
Max Drawdown (5Y) Largest decline over 5 years	-48.06%	—	—
Current Drawdown Current decline from peak	-30.29%	-0.86%	-29.43%
Average Drawdown Average peak-to-trough decline	-25.97%	-2.32%	-23.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.82%	3.14%	+11.68%

Volatility

HERO vs. MOOD - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 4.45% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.19%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERO	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.19%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	12.73%	+2.48%
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	14.49%	+5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	12.13%	+11.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	12.13%	+12.33%

HERO vs. MOOD - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is lower than MOOD's 0.68% expense ratio.

Dividends

HERO vs. MOOD - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.96%, more than MOOD's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	1.96%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%
MOOD Relative Sentiment Tactical Allocation ETF	0.35%	0.40%	1.33%	1.34%	1.43%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HERO and MOOD in my portfolio?

HERO and MOOD 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.

Which is riskier, HERO or MOOD?

HERO has higher volatility (4.45%) compared to MOOD (4.19%). In terms of maximum drawdown, HERO dropped -54.02% vs MOOD's -14.34%.

Which ETF is better, HERO or MOOD?

On 3-year performance, MOOD leads with 20.20% vs 7.42% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, MOOD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HERO or MOOD?

Over the 3-year period, MOOD has performed better with a 20.20% return vs 7.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HERO or MOOD?

HERO is cheaper with a 0.50% expense ratio, compared with 0.68% for MOOD.

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

HERO has the higher dividend yield at 1.96%, compared with 0.35% for MOOD.

What is the main difference between HERO and MOOD?

HERO is categorized as Large Cap Growth Equities, while MOOD is Tactical Allocation. They also come from different issuers: Global X and Relative Sentiment. Their fees differ too: 0.50% for HERO and 0.68% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.32 vs -1.01), 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.