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ETFs

Global X Funds Global X Video Games & Esports ETF

HERO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2019
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$712,616
AUM
$155,061,707
Associated Index
Solactive Video Games & Esports Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ATVI
Activision Blizzard Inc
6.74%
APP
Applovin Corp - Ordinary Shares - Class A
6.40%
NTES
NetEase Inc - ADR
6.29%
7974
Nintendo Co. Ltd
6.27%
TTWO
Take-Two Interactive Software, Inc.
6.26%
EA
Electronic Arts, Inc.
5.92%
9766
Konami Group Corporation
5.16%
3659
Nexon Co Ltd
4.81%
9697
Capcom Co Ltd
4.55%
BILI
Bilibili Inc - ADR
4.10%
Invest with HERO

What is HERO?

The Global X Video Games & Esports ETF (HERO) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Video Games & Esports Index. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from increased consumption related to video games and esports, including companies whose principal business is in video game development/publishing, video game and esports content distribution and streaming, operating/owning esports leagues/teams, and producing video game/esports hardware (collectively, Video Games & Esports Companies ), as defined by Solactive AG, the provider of the Underlying Index ("Index Provider").

ETFs related toHERO

ETFs correlated to HERO include IRBO, LGRO, XAUG

HERO
Global X Funds - Global X Video Games & Esports ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HERO is a Global Equities ETF. The Global X Video Games & Esports ETF (HERO) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Video Games & Esports Index. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from increased consumption related to video games and esports, including companies whose principal business is in video game development/publishing, video game and esports content distribution and streaming, operating/owning esports leagues/teams, and producing video game/esports hardware (collectively, Video Games & Esports Companies ), as defined by Solactive AG, the provider of the Underlying Index ("Index Provider").

HERO tracks the Solactive Video Games & Esports Index.

No, HERO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HERO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HERO is -0.0478%. This is the percent change in the value of HERO over the most recent 1-month period. The 3-month return on HERO is -0.0676%. This is the percent change in the value of HERO over the most recent 3-month period.

The standard deviation of HERO for the past year is 0.2503%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HERO include GDX, IXC, and KWEB.

ETFs correlated to HERO include IRBO, LGRO, and XAUG.

ETFs that are inversely correlated to HERO include SARK, WEBS, and HIBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.