HERO vs. UGA
HERO (Global X Video Games & Esports ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - HERO is a Large Cap Growth Equities fund tracking the Solactive Video Games & Esports Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, HERO returned -4.68%/yr vs 22.69%/yr for UGA. At a 0.12 correlation, their price movements are largely independent. HERO charges 0.50%/yr vs 0.75%/yr for UGA.
Performance
HERO vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, HERO achieves a -19.06% return, which is significantly lower than UGA's 64.09% return.
HERO
- 1D
- -1.41%
- 1M
- -5.62%
- YTD
- -19.06%
- 6M
- -18.64%
- 1Y
- -22.57%
- 3Y*
- 7.77%
- 5Y*
- -4.68%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
HERO vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | -19.06% | 28.74% | 17.65% | 8.36% | -33.42% | -8.37% | 91.02% | 9.12% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 5.27% |
Correlation
The correlation between HERO and UGA is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019 | 0.12 |
The correlation between HERO and UGA shifts across timeframes, from -0.16 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HERO vs. UGA — Risk / Return Rank
HERO
UGA
HERO vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) and United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.17 | -3.94 |
| Martin ratioReturn relative to average drawdown | -1.47 | 9.39 | -10.86 |
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Drawdowns
HERO vs. UGA - Drawdown Comparison
The maximum HERO drawdown since its inception was -54.02%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for HERO and UGA.
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Drawdown Indicators
| HERO | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -86.59% | +32.57% |
Max Drawdown (1Y)Largest decline over 1 year | -29.33% | -18.96% | -10.37% |
Max Drawdown (3Y)Largest decline over 3 years | -29.33% | -26.68% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -48.06% | -38.11% | -9.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -31.89% | -18.05% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -25.98% | -36.69% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.43% | 6.43% | +9.00% |
Volatility
HERO vs. UGA - Volatility Comparison
The current volatility for Global X Video Games & Esports ETF (HERO) is 4.32%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that HERO experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERO | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 9.24% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 30.57% | -15.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 35.22% | -15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 34.45% | -11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.43% | 37.22% | -12.79% |
HERO vs. UGA - Expense Ratio Comparison
HERO has a 0.50% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
HERO vs. UGA - Dividend Comparison
HERO's dividend yield for the trailing twelve months is around 2.00%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HERO Global X Video Games & Esports ETF | 2.00% | 1.62% | 1.06% | 0.73% | 0.28% | 0.79% | 0.71% | 0.17% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HERO and UGA have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to HERO (4.32%). In terms of maximum drawdown, HERO dropped -54.02% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -4.68% for HERO. On fees, HERO is cheaper at 0.50% per year. On volatility, HERO has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 22.69% return vs -4.68%. 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 0.75% for UGA.
HERO has the higher dividend yield at 2.00%, compared with 0.00% for UGA.
HERO is categorized as Large Cap Growth Equities, while UGA is Oil & Gas. HERO tracks Solactive Video Games & Esports Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.50% for HERO and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -1.17), 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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