BNGE vs. PXQ
BNGE (First Trust S-Network Streaming and Gaming ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - BNGE tracks the S-Network Streaming & Gaming Index while PXQ tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 3 years, BNGE returned 12.35%/yr vs 37.81%/yr for PXQ. Their 0.69 correlation means they have sometimes moved together and sometimes differently. BNGE charges 0.70%/yr vs 0.40%/yr for PXQ.
Performance
BNGE vs. PXQ - Performance Comparison
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Returns By Period
In the year-to-date period, BNGE achieves a -16.13% return, which is significantly lower than PXQ's 47.15% return.
BNGE
- 1D
- -1.16%
- 1M
- -0.74%
- 6M
- -4.84%
- YTD
- -16.13%
- 1Y
- -16.48%
- 3Y*
- 12.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.35%
PXQ
- 1D
- -0.63%
- 1M
- -3.36%
- 6M
- 40.62%
- YTD
- 47.15%
- 1Y
- 71.61%
- 3Y*
- 37.81%
- 5Y*
- 17.15%
- 10Y*
- 19.12%
- ALL TIME*
- 13.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.55K | $38.53K | $25.93K | |
| $792.51K | $634.75K | $836.37K |
BNGE vs. PXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNGE First Trust S-Network Streaming and Gaming ETF | -16.13% | 35.18% | 19.23% | 37.21% | -28.77% |
PXQ Invesco Next Gen Connectivity ETF | 47.15% | 28.65% | 19.41% | 27.39% | -14.90% |
Correlation
The correlation between BNGE and PXQ is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.69 |
Over the past year, the correlation between BNGE and PXQ has dropped to 0.43 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
BNGE vs. PXQ — Risk / Return Rank
BNGE
PXQ
BNGE vs. PXQ - 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 Invesco Next Gen Connectivity ETF (PXQ). 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.
| BNGE | PXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.34 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.42 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 3.81 | -4.40 |
| Martin ratioReturn relative to average drawdown | -0.97 | 14.81 | -15.77 |
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Drawdowns
BNGE vs. PXQ - Drawdown Comparison
The maximum BNGE drawdown since its inception was -40.54%, smaller than the maximum PXQ drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for BNGE and PXQ.
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Drawdown Indicators
| BNGE | PXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.54% | -57.18% | +16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -27.88% | -18.91% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.88% | -21.40% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.55% | — |
Current DrawdownCurrent decline from peak | -22.72% | -10.53% | -12.19% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -10.73% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.05% | 4.85% | +12.20% |
Volatility
BNGE vs. PXQ - Volatility Comparison
The current volatility for First Trust S-Network Streaming and Gaming ETF (BNGE) is 5.66%, while Invesco Next Gen Connectivity ETF (PXQ) has a volatility of 11.04%. This indicates that BNGE experiences smaller price fluctuations and is considered to be less risky than PXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNGE | PXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 11.04% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 24.96% | -10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 27.97% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.94% | 24.58% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 23.59% | +1.35% |
BNGE vs. PXQ - Expense Ratio Comparison
BNGE has a 0.70% expense ratio, which is higher than PXQ's 0.40% expense ratio.
Dividends
BNGE vs. PXQ - Dividend Comparison
BNGE's dividend yield for the trailing twelve months is around 0.38%, less than PXQ's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNGE First Trust S-Network Streaming and Gaming ETF | 0.38% | 0.89% | 0.01% | 0.81% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXQ Invesco Next Gen Connectivity ETF | 0.65% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
BNGE and PXQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (11.04%) compared to BNGE (5.66%). In terms of maximum drawdown, BNGE dropped -40.54% vs PXQ's -57.18%.
On 3-year performance, PXQ leads with 37.81% vs 12.35% for BNGE. On fees, PXQ is cheaper at 0.40% per year. On volatility, BNGE has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PXQ has performed better with a 37.81% return vs 12.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.70% for BNGE.
PXQ has the higher dividend yield at 0.65%, compared with 0.38% for BNGE.
BNGE tracks S-Network Streaming & Gaming Index, while PXQ tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for BNGE and 0.40% for PXQ.
PXQ currently has the higher Sharpe Ratio (2.58 vs -0.91), 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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