HERO vs. PFM
HERO (Global X Video Games & Esports ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds - HERO tracks the Solactive Video Games & Esports Index while PFM tracks the NASDAQ US Broad Dividend Achievers Index. Both are passively managed. Over the past 5 years, HERO returned -1.39%/yr vs 10.76%/yr for PFM. Their 0.49 correlation means their historical movements had little consistent relationship. HERO charges 0.50%/yr vs 0.53%/yr for PFM.
Performance
HERO vs. PFM - Performance Comparison
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Returns By Period
In the year-to-date period, HERO achieves a -10.56% return, which is significantly lower than PFM's 10.65% 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%
PFM
- 1D
- 0.31%
- 1M
- 1.14%
- 6M
- 7.03%
- YTD
- 10.65%
- 1Y
- 19.46%
- 3Y*
- 15.73%
- 5Y*
- 10.76%
- 10Y*
- 11.56%
- ALL TIME*
- 8.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $881.17K | $612.17K | $690.19K | |
| $789.97K | $827.49K | $977.52K |
HERO vs. PFM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | -10.56% | 28.74% | 17.65% | 8.36% | -33.42% | -8.37% | 91.02% | 9.12% |
PFM Invesco Dividend Achievers™ ETF | 10.65% | 14.00% | 16.87% | 11.40% | -6.22% | 23.08% | 9.53% | 4.16% |
Correlation
The correlation between HERO and PFM is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019 | 0.49 |
The correlation between HERO and PFM has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
HERO vs. PFM - Sectors Allocation Comparison
Sectors
HERO
PFM
Communication Services
Technology
Industrials
Basic Materials
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Real Estate
-
Utilities
-
Communication Services
HERO
PFM
Technology
HERO
PFM
Industrials
HERO
PFM
Basic Materials
HERO
-
PFM
Consumer Cyclical
HERO
-
PFM
Consumer Defensive
HERO
-
PFM
Energy
HERO
-
PFM
Financial Services
HERO
-
PFM
Healthcare
HERO
-
PFM
Real Estate
HERO
-
PFM
Utilities
HERO
-
PFM
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Return for Risk
HERO vs. PFM — Risk / Return Rank
HERO
PFM
HERO vs. PFM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and Invesco Dividend Achievers™ ETF (PFM). 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 | PFM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.75 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.76 | 11.27 | -12.04 |
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Drawdowns
HERO vs. PFM - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, roughly equal to the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for HERO and PFM.
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Drawdown Indicators
| HERO | PFM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -53.21% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -30.78% | -7.09% | -23.69% |
Max Drawdown (3Y)Largest decline over 3 years | -30.78% | -14.50% | -16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -46.42% | -17.81% | -28.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.22% | — |
Current DrawdownCurrent decline from peak | -24.74% | -0.70% | -24.04% |
Average DrawdownAverage peak-to-trough decline | -26.02% | -6.89% | -19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.64% | 1.73% | +15.91% |
Volatility
HERO vs. PFM - Volatility Comparison
Global X Video Games & Esports ETF (HERO) has a higher volatility of 7.39% compared to Invesco Dividend Achievers™ ETF (PFM) at 2.43%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERO | PFM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 2.43% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 7.12% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 9.46% | +11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 13.47% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.45% | 15.19% | +9.26% |
HERO vs. PFM - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is lower than PFM's 0.53% expense ratio.
Dividends
HERO vs. PFM - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 1.74%, more than PFM's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PFM Invesco Dividend Achievers™ ETF | 1.32% | 1.41% | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% |
Frequently Asked Questions
HERO and PFM have a correlation of 0.43, 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 PFM (2.43%). In terms of maximum drawdown, HERO dropped -54.02% vs PFM's -53.21%.
On 5-year performance, PFM leads with 10.76% vs -1.39% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, PFM has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFM has performed better with a 10.76% return vs -1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HERO is cheaper with a 0.50% expense ratio, compared with 0.53% for PFM.
HERO has the higher dividend yield at 1.74%, compared with 1.32% for PFM.
HERO tracks Solactive Video Games & Esports Index, while PFM tracks NASDAQ US Broad Dividend Achievers Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for HERO and 0.53% for PFM.
PFM currently has the higher Sharpe Ratio (2.07 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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