BNGE vs. TSXU

Last updated Jun 4, 2026

BNGE (First Trust S-Network Streaming and Gaming ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - BNGE is a Technology Equities fund tracking the S-Network Streaming & Gaming Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. BNGE charges 0.70%/yr vs 1.05%/yr for TSXU.

Performance

BNGE vs. TSXU - 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 Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNGE achieves a -18.00% return, which is significantly lower than TSXU's 141.91% return.

BNGE

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

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNGE vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
BNGE First Trust S-Network Streaming and Gaming ETF	-18.00%	-6.68%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between BNGE and TSXU is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.52

Return for Risk

BNGE vs. TSXU — 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. TSXU - 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 Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	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	TSXU	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	4.53	-4.29

Drawdowns

BNGE vs. TSXU - Drawdown Comparison

The maximum BNGE drawdown since its inception was -40.54%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for BNGE and TSXU.

Drawdown Indicators

	BNGE	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-40.54%	-35.62%	-4.92%
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%	-0.92%	-23.52%
Average Drawdown Average peak-to-trough decline	-13.82%	-10.56%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.00%	—	—

Volatility

Volatility by Period

	BNGE	TSXU	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%	78.68%	-60.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	78.68%	-53.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.18%	78.68%	-53.50%

BNGE vs. TSXU - Expense Ratio Comparison

BNGE has a 0.70% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

BNGE vs. TSXU - Dividend Comparison

BNGE's dividend yield for the trailing twelve months is around 1.08%, less than TSXU's 1.20% yield.

Position	TTM	2025	2024	2023	2022
BNGE First Trust S-Network Streaming and Gaming ETF	1.08%	0.89%	0.01%	0.81%	0.59%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNGE and TSXU in my portfolio?

BNGE and TSXU have a correlation of 0.52, 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 TSXU?

On fees, BNGE is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNGE or TSXU?

BNGE is cheaper with a 0.70% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 1.08% for BNGE.

What is the main difference between BNGE and TSXU?

BNGE is categorized as Technology Equities, while TSXU is Leveraged Equities. BNGE tracks S-Network Streaming & Gaming Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.70% for BNGE and 1.05% for TSXU.