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IXP vs. HERO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXP vs. HERO

Last updated Aug 4, 2026
Documentation

IXP (iShares Global Comm Services ETF) and HERO (Global X Video Games & Esports ETF) are both Large Cap Growth Equities funds - IXP tracks the S&P Global 1200 Communication Services 4.5/22.5/45 Capped while HERO tracks the Solactive Video Games & Esports Index. Both are passively managed. Over the past 5 years, IXP returned 8.32%/yr vs -1.39%/yr for HERO. Their 0.67 correlation means they have sometimes moved together and sometimes differently. IXP charges 0.43%/yr vs 0.50%/yr for HERO.

Performance

IXP vs. HERO - Performance Comparison

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

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Returns By Period

In the year-to-date period, IXP achieves a -1.64% return, which is significantly higher than HERO's -10.56% return.

IXP

1D
2.99%
1M
3.30%
6M
-5.05%
YTD
-1.64%
1Y
9.01%
3Y*
21.46%
5Y*
8.32%
10Y*
8.78%
ALL TIME*
6.65%

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

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HERO

Global X Video Games & Esports ETF
$881.17K$612.17K$690.19K

IXP

iShares Global Comm Services ETF
$6.29M$4.27M$3.74M

IXP vs. HERO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IXP
iShares Global Comm Services ETF		-1.64%29.27%31.33%38.80%-33.40%12.77%22.16%5.77%
HERO
Global X Video Games & Esports ETF		-10.56%28.74%17.65%8.36%-33.42%-8.37%91.02%9.12%

Correlation

The correlation between IXP and HERO is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.53

Correlation (3Y)
Balances recent behavior with more history.

0.57

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2019

0.67

The correlation between IXP and HERO shifts across timeframes, from 0.53 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

IXP vs. HERO - Sectors Allocation Comparison

Sectors
IXP
HERO

Communication Services

99.4%
92.0%

Technology

2.0%
6.7%

Real Estate

0.5%

-

Consumer Cyclical

0.2%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

1.4%

Utilities

-

-

Communication Services

IXP
99.4%
HERO
92.0%

Technology

IXP
2.0%
HERO
6.7%

Real Estate

IXP
0.5%
HERO

-

Consumer Cyclical

IXP
0.2%
HERO

-

Basic Materials

IXP

-

HERO

-

Consumer Defensive

IXP

-

HERO

-

Energy

IXP

-

HERO

-

Financial Services

IXP

-

HERO

-

Healthcare

IXP

-

HERO

-

Industrials

IXP

-

HERO
1.4%

Utilities

IXP

-

HERO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Comm Services ETF

Global X Video Games & Esports ETF

Often compared with IXP:
IXP vs. XLCIXP vs. FCOMIXP vs. IYZIXP vs. VOOIXP vs. QQQIXP vs. RSPNIXP vs. IYW
Often compared with HERO:
HERO vs. ESPOHERO vs. NERDHERO vs. GAMRHERO vs. FVALHERO vs. FINXHERO vs. ESPO.LHERO vs. XOM

Return for Risk

IXP vs. HERO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IXP
IXP Risk / Return Rank: 2424
Overall Rank
IXP Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2525
Sortino Ratio Rank
IXP Omega Ratio Rank: 2424
Omega Ratio Rank
IXP Calmar Ratio Rank: 2424
Calmar Ratio Rank
IXP Martin Ratio Rank: 2525
Martin Ratio Rank
HERO
HERO Risk / Return Rank: 55
Overall Rank
HERO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
HERO Sortino Ratio Rank: 44
Sortino Ratio Rank
HERO Omega Ratio Rank: 44
Omega Ratio Rank
HERO Calmar Ratio Rank: 66
Calmar Ratio Rank
HERO Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IXP vs. HERO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) and Global X Video Games & Esports ETF (HERO). 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.

IXPHERODifference
Sharpe ratioReturn per unit of total volatility
0.56
-0.66

+1.22

Sortino ratioReturn per unit of downside risk
0.93
-0.80

+1.73

Omega ratioGain probability vs. loss probability

1.11

0.90

+0.21

Calmar ratioReturn relative to maximum drawdown

0.74

-0.44

+1.18

Martin ratioReturn relative to average drawdown

1.92

-0.76

+2.68

IXP vs. HERO - Sharpe Ratio Comparison

The current IXP Sharpe Ratio is 0.56, which is higher than the HERO Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of IXP and HERO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IXP vs. HERO - Drawdown Comparison

The maximum IXP drawdown since its inception was -50.11%, smaller than the maximum HERO drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for IXP and HERO.

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Drawdown Indicators

IXPHERODifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-54.02%

+3.91%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-30.78%

+18.52%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-30.78%

+13.24%

Max Drawdown (5Y)

Largest decline over 5 years

-44.30%

-46.42%

+2.12%

Max Drawdown (10Y)

Largest decline over 10 years

-44.30%

—

—

Current Drawdown

Current decline from peak

-5.75%

-24.74%

+18.99%

Average Drawdown

Average peak-to-trough decline

-11.89%

-26.02%

+14.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.70%

17.64%

-12.94%

Volatility

IXP vs. HERO - Volatility Comparison

The current volatility for iShares Global Comm Services ETF (IXP) is 6.73%, while Global X Video Games & Esports ETF (HERO) has a volatility of 7.39%. This indicates that IXP experiences smaller price fluctuations and is considered to be less risky than HERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXPHERODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.73%

7.39%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

12.41%

16.13%

-3.72%

Volatility (1Y)

Calculated over the trailing 1-year period

16.10%

20.63%

-4.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

23.48%

-4.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.59%

24.45%

-5.86%

IXP vs. HERO - Expense Ratio Comparison

IXP has a 0.43% expense ratio, which is lower than HERO's 0.50% expense ratio.

Dividends

IXP vs. HERO - Dividend Comparison

IXP's dividend yield for the trailing twelve months is around 3.32%, more than HERO's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IXP
iShares Global Comm Services ETF		3.32%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%

Frequently Asked Questions

IXP and HERO have a correlation of 0.53, 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 IXP (6.73%). In terms of maximum drawdown, IXP dropped -50.11% vs HERO's -54.02%.

On 5-year performance, IXP leads with 8.32% vs -1.39% for HERO. On fees, IXP is cheaper at 0.43% per year. On volatility, IXP has been the lower-risk option at 6.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IXP has performed better with a 8.32% return vs -1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXP is cheaper with a 0.43% expense ratio, compared with 0.50% for HERO.

IXP has the higher dividend yield at 3.32%, compared with 1.74% for HERO.

IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while HERO tracks Solactive Video Games & Esports Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.43% for IXP and 0.50% for HERO.

IXP currently has the higher Sharpe Ratio (0.56 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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