BNGE vs. ARMH

Last updated Jun 4, 2026

BNGE (First Trust S-Network Streaming and Gaming ETF) and ARMH (Arm Holdings PLC ADRhedged ETF) are both Technology Equities funds. BNGE is passively managed, while ARMH is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. BNGE charges 0.70%/yr vs 0.19%/yr for ARMH.

Performance

BNGE vs. ARMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S-Network Streaming and Gaming ETF (BNGE) and Arm Holdings PLC ADRhedged ETF (ARMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BNGE

• 1D: -1.95%
• 1M: 0.12%
• YTD: -18.00%
• 6M: -18.35%
• 1Y: -6.57%
• 3Y*: 13.39%
• 5Y*: —
• 10Y*: —

ARMH

• 1D: 2.87%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNGE vs. ARMH - Yearly Performance Comparison

	2026 (YTD)
BNGE First Trust S-Network Streaming and Gaming ETF	-0.26%
ARMH Arm Holdings PLC ADRhedged ETF	23.00%

Correlation

The correlation between BNGE and ARMH is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

BNGE vs. ARMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNGE

BNGE Risk / Return Rank: 6
BNGE Sharpe Ratio Rank: 5
BNGE Sortino Ratio Rank: 5
BNGE Omega Ratio Rank: 5
BNGE Calmar Ratio Rank: 7
BNGE Martin Ratio Rank: 7

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.

BNGE vs. ARMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Streaming and Gaming ETF (BNGE) and Arm Holdings PLC ADRhedged ETF (ARMH). 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.

	BNGE	ARMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	—	—
Sortino ratio: Return per unit of downside risk	-0.40	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.24	—	—
Martin ratio: Return relative to average drawdown	-0.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BNGE	ARMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	471,500.14	-471,499.90

Drawdowns

BNGE vs. ARMH - Drawdown Comparison

The maximum BNGE drawdown since its inception was -40.54%, which is greater than ARMH's maximum drawdown of -1.61%. Use the drawdown chart below to compare losses from any high point for BNGE and ARMH.

Drawdown Indicators

	BNGE	ARMH	Difference
Max Drawdown Largest peak-to-trough decline	-40.54%	-1.61%	-38.93%
Max Drawdown (1Y) Largest decline over 1 year	-27.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.88%	—	—
Current Drawdown Current decline from peak	-24.44%	0.00%	-24.44%
Average Drawdown Average peak-to-trough decline	-13.82%	-0.40%	-13.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.00%	—	—

Volatility

Volatility by Period

	BNGE	ARMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	113.00%	-95.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	113.00%	-87.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.18%	113.00%	-87.82%

BNGE vs. ARMH - Expense Ratio Comparison

BNGE has a 0.70% expense ratio, which is higher than ARMH's 0.19% expense ratio.

Dividends

BNGE vs. ARMH - Dividend Comparison

BNGE's dividend yield for the trailing twelve months is around 1.08%, while ARMH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ARMH Arm Holdings PLC ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BNGE First Trust S-Network Streaming and Gaming ETF	1.08%	0.89%	0.01%	0.81%	0.59%

Frequently Asked Questions

Can I hold both BNGE and ARMH in my portfolio?

BNGE and ARMH have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNGE or ARMH?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNGE or ARMH?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.70% for BNGE.

Which ETF pays a higher dividend yield, BNGE or ARMH?

BNGE has the higher dividend yield at 1.08%, compared with 0.00% for ARMH.

What is the main difference between BNGE and ARMH?

They also come from different issuers: First Trust and Precidian. Their fees differ too: 0.70% for BNGE and 0.19% for ARMH.