HERO vs. NERD

Last updated Jul 12, 2026

HERO (Global X Video Games & Esports ETF) and NERD (Roundhill Video Games ETF) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while NERD is a Gaming fund actively managed by Roundhill Investments. HERO is passively managed, while NERD is actively managed. Over the past 5 years, HERO returned -3.34%/yr vs -6.41%/yr for NERD. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

HERO vs. NERD - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HERO having a -13.95% return and NERD slightly lower at -14.16%.

HERO

• 1D: 0.09%
• 1M: 3.88%
• 6M: -15.22%
• YTD: -13.95%
• 1Y: -16.72%
• 3Y*: 8.51%
• 5Y*: -3.34%
• 10Y*: —

NERD

• 1D: -0.50%
• 1M: 4.70%
• 6M: -14.09%
• YTD: -14.16%
• 1Y: -17.42%
• 3Y*: 10.93%
• 5Y*: -6.41%
• 10Y*: —

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

HERO vs. NERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	-13.95%	28.74%	17.65%	8.36%	-33.42%	-8.37%	91.02%	9.12%
NERD Roundhill Video Games ETF	-14.16%	23.14%	28.52%	12.94%	-43.30%	-17.57%	89.66%	6.63%

Correlation

The correlation between HERO and NERD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.86

The correlation between HERO and NERD has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

HERO vs. NERD - Sectors Allocation Comparison

Sectors	HERO	NERD
Communication Services	91.6%	90.2%
Technology	7.0%	4.6%
Industrials	1.5%	1.3%
Basic Materials	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HERO vs. NERD — Risk / Return Rank

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

HERO

HERO Risk / Return Rank: 3
HERO Sharpe Ratio Rank: 2
HERO Sortino Ratio Rank: 3
HERO Omega Ratio Rank: 3
HERO Calmar Ratio Rank: 5
HERO Martin Ratio Rank: 4

NERD

NERD Risk / Return Rank: 3
NERD Sharpe Ratio Rank: 2
NERD Sortino Ratio Rank: 3
NERD Omega Ratio Rank: 3
NERD Calmar Ratio Rank: 5
NERD Martin Ratio Rank: 5

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. NERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Roundhill Video Games ETF (NERD). 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	NERD	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.92	+0.04
Sortino ratio: Return per unit of downside risk	-1.14	-1.23	+0.09
Omega ratio: Gain probability vs. loss probability	0.86	0.86	0.00
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.55	-0.02
Martin ratio: Return relative to average drawdown	-1.05	-0.95	-0.10

HERO vs. NERD - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.89, which is comparable to the NERD Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of HERO and NERD, 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. NERD - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for HERO and NERD.

Drawdown Indicators

	HERO	NERD	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-65.58%	+11.56%
Max Drawdown (1Y) Largest decline over 1 year	-30.78%	-33.23%	+2.45%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-33.23%	+2.45%
Max Drawdown (5Y) Largest decline over 5 years	-46.57%	-55.09%	+8.52%
Current Drawdown Current decline from peak	-27.59%	-44.32%	+16.73%
Average Drawdown Average peak-to-trough decline	-26.01%	-36.02%	+10.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.47%	19.17%	-2.70%

Volatility

HERO vs. NERD - Volatility Comparison

The current volatility for Global X Video Games & Esports ETF (HERO) is 5.16%, while Roundhill Video Games ETF (NERD) has a volatility of 5.57%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERO	NERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	5.57%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	15.71%	15.65%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.64%	19.83%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.39%	24.56%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	25.44%	-1.03%

HERO vs. NERD - Expense Ratio Comparison

Both HERO and NERD have an expense ratio of 0.50%.

Dividends

HERO vs. NERD - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.81%, more than NERD's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	1.81%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%
NERD Roundhill Video Games ETF	0.73%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%

Frequently Asked Questions

Can I hold both HERO and NERD in my portfolio?

HERO and NERD have a correlation of 0.89, 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 NERD?

NERD has higher volatility (5.57%) compared to HERO (5.16%). In terms of maximum drawdown, HERO dropped -54.02% vs NERD's -65.58%.

Which ETF is better, HERO or NERD?

On 5-year performance, HERO leads with -3.34% vs -6.41% for NERD. Both ETFs have the same 0.50% expense ratio. On volatility, HERO has been the lower-risk option at 5.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HERO or NERD?

Over the 5-year period, HERO has performed better with a -3.34% return vs -6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HERO or NERD?

HERO and NERD have the same expense ratio: 0.50% per year.

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

HERO has the higher dividend yield at 1.81%, compared with 0.73% for NERD.

What is the main difference between HERO and NERD?

HERO is categorized as Large Cap Growth Equities, while NERD is Gaming. They also come from different issuers: Global X and Roundhill Investments.

Which has better risk-adjusted returns?

HERO currently has the higher Sharpe Ratio (-0.89 vs -0.92), 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.