ESPO vs. BNGE

Last updated Jun 4, 2026

ESPO (VanEck Vectors Video Gaming and eSports ETF) and BNGE (First Trust S-Network Streaming and Gaming ETF) are both exchange-traded funds - ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index, while BNGE is a Technology Equities fund tracking the S-Network Streaming & Gaming Index. Both are passively managed. Over the past 3 years, ESPO returned 19.46%/yr vs 13.39%/yr for BNGE. Their correlation of 0.90 suggests significant overlap in exposure. ESPO charges 0.55%/yr vs 0.70%/yr for BNGE.

Performance

ESPO vs. BNGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Video Gaming and eSports ETF (ESPO) and First Trust S-Network Streaming and Gaming ETF (BNGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESPO achieves a -13.31% return, which is significantly higher than BNGE's -18.00% return.

ESPO

• 1D: -2.20%
• 1M: -1.23%
• YTD: -13.31%
• 6M: -16.99%
• 1Y: -11.55%
• 3Y*: 19.46%
• 5Y*: 6.23%
• 10Y*: —

BNGE

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

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

ESPO vs. BNGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESPO VanEck Vectors Video Gaming and eSports ETF	-13.31%	25.79%	47.61%	33.64%	-27.74%
BNGE First Trust S-Network Streaming and Gaming ETF	-18.00%	35.18%	19.23%	37.21%	-28.77%

Correlation

The correlation between ESPO and BNGE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.90

The correlation between ESPO and BNGE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

ESPO vs. BNGE - Sectors Allocation Comparison

Sectors	ESPO	BNGE
Communication Services	78.1%	66.2%
Consumer Cyclical	13.8%	26.7%
Technology	8.2%	7.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ESPO vs. BNGE — Risk / Return Rank

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

ESPO

ESPO Risk / Return Rank: 4
ESPO Sharpe Ratio Rank: 4
ESPO Sortino Ratio Rank: 4
ESPO Omega Ratio Rank: 4
ESPO Calmar Ratio Rank: 5
ESPO Martin Ratio Rank: 5

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.

ESPO vs. BNGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and First Trust S-Network Streaming and Gaming ETF (BNGE). 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.

	ESPO	BNGE	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.37	-0.25
Sortino ratio: Return per unit of downside risk	-0.75	-0.40	-0.35
Omega ratio: Gain probability vs. loss probability	0.91	0.95	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.42	-0.24	-0.18
Martin ratio: Return relative to average drawdown	-0.76	-0.47	-0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESPO vs. BNGE - Sharpe Ratio Comparison

The current ESPO Sharpe Ratio is -0.62, which is lower than the BNGE Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of ESPO and BNGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESPO	BNGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	-0.37	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.24	+0.39

Drawdowns

ESPO vs. BNGE - Drawdown Comparison

The maximum ESPO drawdown since its inception was -50.99%, which is greater than BNGE's maximum drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for ESPO and BNGE.

Drawdown Indicators

	ESPO	BNGE	Difference
Max Drawdown Largest peak-to-trough decline	-50.99%	-40.54%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-27.81%	-27.88%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-27.81%	-27.88%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-48.33%	—	—
Current Drawdown Current decline from peak	-25.66%	-24.44%	-1.22%
Average Drawdown Average peak-to-trough decline	-15.03%	-13.82%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.30%	14.00%	+1.30%

Volatility

ESPO vs. BNGE - Volatility Comparison

VanEck Vectors Video Gaming and eSports ETF (ESPO) has a higher volatility of 5.00% compared to First Trust S-Network Streaming and Gaming ETF (BNGE) at 4.26%. This indicates that ESPO's price experiences larger fluctuations and is considered to be riskier than BNGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPO	BNGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	4.26%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	14.58%	13.27%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	17.84%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	25.18%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	25.18%	+0.57%

ESPO vs. BNGE - Expense Ratio Comparison

ESPO has a 0.55% expense ratio, which is lower than BNGE's 0.70% expense ratio.

Dividends

ESPO vs. BNGE - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.44%, more than BNGE's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNGE First Trust S-Network Streaming and Gaming ETF	1.08%	0.89%	0.01%	0.81%	0.59%	0.00%	0.00%	0.00%	0.00%
ESPO VanEck Vectors Video Gaming and eSports ETF	1.44%	1.24%	0.44%	0.96%	0.91%	3.36%	0.12%	0.22%	0.04%

Frequently Asked Questions

Can I hold both ESPO and BNGE in my portfolio?

ESPO and BNGE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESPO or BNGE?

ESPO has higher volatility (5.00%) compared to BNGE (4.26%). In terms of maximum drawdown, ESPO dropped -50.99% vs BNGE's -40.54%.

Which ETF is better, ESPO or BNGE?

On 3-year performance, ESPO leads with 19.46% vs 13.39% for BNGE. On fees, ESPO is cheaper at 0.55% per year. On volatility, BNGE has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESPO or BNGE?

Over the 3-year period, ESPO has performed better with a 19.46% return vs 13.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESPO or BNGE?

ESPO is cheaper with a 0.55% expense ratio, compared with 0.70% for BNGE.

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

ESPO has the higher dividend yield at 1.44%, compared with 1.08% for BNGE.

What is the main difference between ESPO and BNGE?

ESPO is categorized as Large Cap Growth Equities, while BNGE is Technology Equities. ESPO tracks MVIS Global Video Gaming and eSports Index, while BNGE tracks S-Network Streaming & Gaming Index. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.55% for ESPO and 0.70% for BNGE.

Which has better risk-adjusted returns?

BNGE currently has the higher Sharpe Ratio (-0.37 vs -0.62), 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.