HERO vs. QUS

Last updated Jun 4, 2026

HERO (Global X Video Games & Esports ETF) and QUS (SPDR MSCI USA StrategicFactors ETF) are both Large Cap Growth Equities funds - HERO tracks the Solactive Video Games & Esports Index while QUS tracks the MSCI USA Factor Mix A-Series Capped (USD). Both are passively managed. Over the past 5 years, HERO returned -3.62%/yr vs 11.08%/yr for QUS. A 0.57 correlation means they provide meaningful diversification when combined. HERO charges 0.50%/yr vs 0.15%/yr for QUS.

Performance

HERO vs. QUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Video Games & Esports ETF (HERO) and SPDR MSCI USA StrategicFactors ETF (QUS). 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 QUS's 6.67% return.

HERO

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

QUS

• 1D: -0.43%
• 1M: 2.68%
• YTD: 6.67%
• 6M: 6.93%
• 1Y: 17.65%
• 3Y*: 17.53%
• 5Y*: 11.08%
• 10Y*: 13.67%

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

HERO vs. QUS - 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%
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	6.06%

Correlation

The correlation between HERO and QUS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 1, 2019	0.57

The correlation between HERO and QUS shifts across timeframes, from 0.47 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

HERO vs. QUS - Sectors Allocation Comparison

Sectors	HERO	QUS
Communication Services	93.0%	10.2%
Technology	5.6%	26.3%
Industrials	1.4%	8.6%
Basic Materials	-	2.3%
Consumer Cyclical	-	5.8%
Consumer Defensive	-	9.2%
Energy	-	4.6%
Financial Services	-	14.6%
Healthcare	-	13.4%
Real Estate	-	1.4%
Utilities	-	3.6%

Return for Risk

HERO vs. QUS — 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

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 56
QUS Sortino Ratio Rank: 58
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

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. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and SPDR MSCI USA StrategicFactors ETF (QUS). 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	QUS	Difference
Sharpe ratio Return per unit of total volatility	-0.64	1.95	-2.59
Sortino ratio Return per unit of downside risk	-0.77	2.81	-3.57
Omega ratio Gain probability vs. loss probability	0.91	1.35	-0.44
Calmar ratio Return relative to maximum drawdown	-0.47	2.59	-3.05
Martin ratio Return relative to average drawdown	-0.88	11.54	-12.42
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. QUS - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is -0.64, which is lower than the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of HERO and QUS, 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	QUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	1.95	-2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.78	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.77	-0.39

Drawdowns

HERO vs. QUS - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, which is greater than QUS's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for HERO and QUS.

Drawdown Indicators

	HERO	QUS	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-33.78%	-20.24%
Max Drawdown (1Y) Largest decline over 1 year	-26.64%	-6.85%	-19.79%
Max Drawdown (3Y) Largest decline over 3 years	-26.64%	-13.94%	-12.70%
Max Drawdown (5Y) Largest decline over 5 years	-48.44%	-22.30%	-26.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-27.46%	-0.50%	-26.96%
Average Drawdown Average peak-to-trough decline	-25.97%	-3.70%	-22.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.11%	1.53%	+12.58%

Volatility

HERO vs. QUS - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 5.13% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that HERO's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERO	QUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	1.78%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	6.66%	+8.44%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	9.09%	+10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	14.33%	+9.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.50%	16.42%	+8.08%

HERO vs. QUS - Expense Ratio Comparison

HERO has a 0.50% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

HERO vs. QUS - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.88%, more than QUS's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
QUS SPDR MSCI USA StrategicFactors ETF	1.31%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%

Frequently Asked Questions

Can I hold both HERO and QUS in my portfolio?

HERO and QUS have a correlation of 0.47, 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 QUS?

HERO has higher volatility (5.13%) compared to QUS (1.78%). In terms of maximum drawdown, HERO dropped -54.02% vs QUS's -33.78%.

Which ETF is better, HERO or QUS?

On 5-year performance, QUS leads with 11.08% vs -3.62% for HERO. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HERO or QUS?

Over the 5-year period, QUS has performed better with a 11.08% 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 QUS?

QUS is cheaper with a 0.15% expense ratio, compared with 0.50% for HERO.

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

HERO has the higher dividend yield at 1.88%, compared with 1.31% for QUS.

What is the main difference between HERO and QUS?

HERO tracks Solactive Video Games & Esports Index, while QUS tracks MSCI USA Factor Mix A-Series Capped (USD). They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for HERO and 0.15% for QUS.

Which has better risk-adjusted returns?

QUS currently has the higher Sharpe Ratio (1.95 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.