BNGE vs. ARMH

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust S-Network Streaming and Gaming ETF (BNGE) and Arm Holdings PLC ADRhedged ETF (ARMH).

BNGE and ARMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNGE is a passively managed fund by First Trust that tracks the performance of the S-Network Streaming & Gaming Index. It was launched on Jan 25, 2022. ARMH is an actively managed fund by Precidian. It was launched on Mar 13, 2025.

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.

BNGE vs. ARMH - Yearly Performance Comparison

	2026 (YTD)	2025
BNGE First Trust S-Network Streaming and Gaming ETF	-19.09%	25.62%
ARMH Arm Holdings PLC ADRhedged ETF	39.97%	-2.01%

Returns By Period

In the year-to-date period, BNGE achieves a -19.09% return, which is significantly lower than ARMH's 39.97% return.

BNGE

• 1D: 3.38%
• 1M: -6.30%
• YTD: -19.09%
• 6M: -24.70%
• 1Y: 4.72%
• 3Y*: 13.55%
• 5Y*: —
• 10Y*: —

ARMH

• 1D: 9.71%
• 1M: 20.77%
• YTD: 39.97%
• 6M: 9.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNGE vs. ARMH - Expense Ratio Comparison

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

BNGE

First Trust S-Network Streaming and Gaming ETF

ARMH

Arm Holdings PLC ADRhedged ETF

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: 17
BNGE Sharpe Ratio Rank: 18
BNGE Sortino Ratio Rank: 19
BNGE Omega Ratio Rank: 19
BNGE Calmar Ratio Rank: 15
BNGE Martin Ratio Rank: 15

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	0.22	—	—
Sortino ratio Return per unit of downside risk	0.46	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.14	—	—
Martin ratio Return relative to average drawdown	0.39	—	—
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	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.80	-0.57

Correlation

The correlation between BNGE and ARMH is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BNGE vs. ARMH - Dividend Comparison

BNGE's dividend yield for the trailing twelve months is around 1.09%, less than ARMH's 2.42% yield.

	TTM	2025	2024	2023	2022
BNGE First Trust S-Network Streaming and Gaming ETF	1.09%	0.89%	0.01%	0.81%	0.59%
ARMH Arm Holdings PLC ADRhedged ETF	2.42%	2.64%	0.00%	0.00%	0.00%

Drawdowns

BNGE vs. ARMH - Drawdown Comparison

The maximum BNGE drawdown since its inception was -40.54%, roughly equal to the maximum ARMH drawdown of -42.04%. 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%	-42.04%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-27.88%	—	—
Current Drawdown Current decline from peak	-25.44%	-13.75%	-11.69%
Average Drawdown Average peak-to-trough decline	-13.40%	-16.33%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.95%	—	—

Volatility

Volatility by Period

	BNGE	ARMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	50.59%	-28.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	50.59%	-25.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	50.59%	-25.10%