HERU.L vs. CLO6.L
HERU.L (Global X Video Games & Esports UCITS ETF Acc USD) and CLO6.L (Global X Cloud Computing UCITS ETF) are both Technology Equities funds from Global X tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, HERU.L returned 8.14%/yr vs 9.95%/yr for CLO6.L. A 0.54 correlation means they provide meaningful diversification when combined. HERU.L charges 0.50%/yr vs 0.55%/yr for CLO6.L.
Performance
HERU.L vs. CLO6.L - Performance Comparison
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Different Trading Currencies
HERU.L is traded in USD, while CLO6.L is traded in GBP. To make them comparable, the CLO6.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HERU.L achieves a -14.21% return, which is significantly lower than CLO6.L's 10.58% return.
HERU.L
- 1D
- -1.65%
- 1M
- -4.54%
- YTD
- -14.21%
- 6M
- -16.08%
- 1Y
- -15.16%
- 3Y*
- 8.14%
- 5Y*
- -4.95%
- 10Y*
- —
CLO6.L
- 1D
- 1.84%
- 1M
- 12.80%
- YTD
- 10.58%
- 6M
- 10.18%
- 1Y
- 8.01%
- 3Y*
- 9.95%
- 5Y*
- —
- 10Y*
- —
HERU.L vs. CLO6.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HERU.L Global X Video Games & Esports UCITS ETF Acc USD | -14.21% | 24.71% | 18.11% | 6.15% | -35.25% | -3.72% |
CLO6.L Global X Cloud Computing UCITS ETF | 10.58% | -5.68% | 5.58% | 43.95% | -40.95% | -14.61% |
Correlation
The correlation between HERU.L and CLO6.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.54 |
Over the past year, the correlation between HERU.L and CLO6.L has dropped to 0.30 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
HERU.L vs. CLO6.L — Risk / Return Rank
HERU.L
CLO6.L
HERU.L vs. CLO6.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports UCITS ETF Acc USD (HERU.L) and Global X Cloud Computing UCITS ETF (CLO6.L). 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.
| HERU.L | CLO6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.08 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.30 | -0.88 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.72 | -1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HERU.L | CLO6.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 0.28 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | -0.16 | -0.03 |
Drawdowns
HERU.L vs. CLO6.L - Drawdown Comparison
The maximum HERU.L drawdown since its inception was -55.72%, roughly equal to the maximum CLO6.L drawdown of -53.73%. Use the drawdown chart below to compare losses from any high point for HERU.L and CLO6.L.
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Drawdown Indicators
| HERU.L | CLO6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.72% | -53.73% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -26.06% | -26.64% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -32.18% | +6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -48.79% | — | — |
Current DrawdownCurrent decline from peak | -34.58% | -20.07% | -14.51% |
Average DrawdownAverage peak-to-trough decline | -33.97% | -34.50% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.96% | 11.09% | +2.87% |
Volatility
HERU.L vs. CLO6.L - Volatility Comparison
The current volatility for Global X Video Games & Esports UCITS ETF Acc USD (HERU.L) is 5.76%, while Global X Cloud Computing UCITS ETF (CLO6.L) has a volatility of 11.61%. This indicates that HERU.L experiences smaller price fluctuations and is considered to be less risky than CLO6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERU.L | CLO6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 11.61% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 24.72% | -9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 28.34% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 29.91% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 29.91% | -6.24% |
HERU.L vs. CLO6.L - Expense Ratio Comparison
HERU.L has a 0.50% expense ratio, which is lower than CLO6.L's 0.55% expense ratio.
Dividends
HERU.L vs. CLO6.L - Dividend Comparison
Neither HERU.L nor CLO6.L has paid dividends to shareholders.
Frequently Asked Questions
HERU.L and CLO6.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HERU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HERU.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO6.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.50% for HERU.L and 0.55% for CLO6.L.
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