BNGE vs. RSPN
Compare and contrast key facts about First Trust S-Network Streaming and Gaming ETF (BNGE) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN).
BNGE and RSPN 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. RSPN is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight Industrials Index. It was launched on Jan 11, 2006. Both BNGE and RSPN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNGE or RSPN.
Key characteristics
| BNGE | RSPN | |
|---|---|---|
| YTD Return | 0.20% | 5.81% |
| 1Y Return | 17.63% | 24.08% |
| Sharpe Ratio | 0.82 | 1.67 |
| Daily Std Dev | 18.83% | 13.69% |
| Max Drawdown | -40.54% | -59.17% |
| Current Drawdown | -9.76% | -4.61% |
Correlation
The correlation between BNGE and RSPN is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNGE vs. RSPN - Performance Comparison
In the year-to-date period, BNGE achieves a 0.20% return, which is significantly lower than RSPN's 5.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNGE vs. RSPN - Expense Ratio Comparison
BNGE has a 0.70% expense ratio, which is higher than RSPN's 0.40% expense ratio.
Risk-Adjusted Performance
BNGE vs. RSPN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Streaming and Gaming ETF (BNGE) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN). 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.
Dividends
BNGE vs. RSPN - Dividend Comparison
BNGE's dividend yield for the trailing twelve months is around 0.82%, less than RSPN's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNGE First Trust S-Network Streaming and Gaming ETF | 0.82% | 0.81% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 1.06% | 1.16% | 1.31% | 0.84% | 1.15% | 1.60% | 1.79% | 1.34% | 1.57% | 1.81% | 1.53% | 1.08% |
Drawdowns
BNGE vs. RSPN - Drawdown Comparison
The maximum BNGE drawdown since its inception was -40.54%, smaller than the maximum RSPN drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for BNGE and RSPN. For additional features, visit the drawdowns tool.
Volatility
BNGE vs. RSPN - Volatility Comparison
First Trust S-Network Streaming and Gaming ETF (BNGE) has a higher volatility of 5.60% compared to Invesco S&P 500® Equal Weight Industrials ETF (RSPN) at 3.39%. This indicates that BNGE's price experiences larger fluctuations and is considered to be riskier than RSPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.