GINN vs. BNGE

Last updated Aug 2, 2026

GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and BNGE (First Trust S-Network Streaming and Gaming ETF) are both Technology Equities funds - GINN tracks the Solactive Innovative Global Equity Index while BNGE tracks the S-Network Streaming & Gaming Index. Both are passively managed. Over the past 3 years, GINN returned 16.60%/yr vs 11.61%/yr for BNGE. Their correlation of 0.87 means they have usually moved in the same direction. GINN charges 0.50%/yr vs 0.70%/yr for BNGE.

Performance

GINN vs. BNGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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, GINN achieves a 7.67% return, which is significantly higher than BNGE's -15.67% return.

GINN

• 1D: 0.35%
• 1M: -0.47%
• 6M: 5.92%
• YTD: 7.67%
• 1Y: 19.29%
• 3Y*: 16.60%
• 5Y*: 6.09%
• 10Y*: —
• ALL TIME*: 8.69%

BNGE

• 1D: -2.14%
• 1M: 0.85%
• 6M: -8.94%
• YTD: -15.67%
• 1Y: -14.18%
• 3Y*: 11.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNGE First Trust S-Network Streaming and Gaming ETF	$14.72K	$39.70K	$27.51K
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	$126.11K	$121.47K	$212.21K

GINN vs. BNGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	7.67%	20.25%	18.71%	29.94%	-23.04%
BNGE First Trust S-Network Streaming and Gaming ETF	-15.67%	35.18%	19.23%	37.21%	-28.77%

Correlation

The correlation between GINN and BNGE is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.87

The correlation between GINN and BNGE shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

GINN vs. BNGE - Sectors Allocation Comparison

Sectors	GINN	BNGE
Technology	33.0%	7.5%
Healthcare	22.0%	-
Financial Services	12.5%	-
Consumer Cyclical	12.2%	27.9%
Communication Services	9.6%	64.6%
Industrials	5.0%	-
Consumer Defensive	1.7%	-
Utilities	1.7%	-
Energy	1.3%	-
Real Estate	0.6%	-
Basic Materials	0.1%	-

Return for Risk

GINN vs. BNGE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GINN

GINN Risk / Return Rank: 40
GINN Sharpe Ratio Rank: 41
GINN Sortino Ratio Rank: 41
GINN Omega Ratio Rank: 39
GINN Calmar Ratio Rank: 37
GINN Martin Ratio Rank: 41

BNGE

BNGE Risk / Return Rank: 4
BNGE Sharpe Ratio Rank: 2
BNGE Sortino Ratio Rank: 3
BNGE Omega Ratio Rank: 3
BNGE Calmar Ratio Rank: 5
BNGE Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GINN vs. BNGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.

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.

	GINN	BNGE	Difference
Sharpe ratio: Return per unit of total volatility	1.03	-0.85	+1.88
Sortino ratio: Return per unit of downside risk	1.50	-1.12	+2.62
Omega ratio: Gain probability vs. loss probability	1.18	0.87	+0.31
Calmar ratio: Return relative to maximum drawdown	1.30	-0.56	+1.86
Martin ratio: Return relative to average drawdown	4.43	-0.92	+5.35

GINN vs. BNGE - Sharpe Ratio Comparison

The current GINN Sharpe Ratio is 1.03, which is higher than the BNGE Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of GINN 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.

Drawdowns

GINN vs. BNGE - Drawdown Comparison

The maximum GINN drawdown since its inception was -41.25%, roughly equal to the maximum BNGE drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for GINN and BNGE.

Drawdown Indicators

	GINN	BNGE	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-40.54%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-27.88%	+14.70%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-27.88%	+5.63%
Max Drawdown (5Y) Largest decline over 5 years	-41.25%	—	—
Current Drawdown Current decline from peak	-2.51%	-22.30%	+19.79%
Average Drawdown Average peak-to-trough decline	-13.09%	-14.16%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	16.88%	-13.01%

Volatility

GINN vs. BNGE - Volatility Comparison

The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 3.85%, while First Trust S-Network Streaming and Gaming ETF (BNGE) has a volatility of 5.69%. This indicates that GINN experiences smaller price fluctuations and is considered to be less risky than BNGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GINN	BNGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	5.69%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	14.61%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	18.30%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.43%	24.97%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	24.97%	-4.03%

GINN vs. BNGE - Expense Ratio Comparison

GINN has a 0.50% expense ratio, which is lower than BNGE's 0.70% expense ratio.

Dividends

GINN vs. BNGE - Dividend Comparison

GINN's dividend yield for the trailing twelve months is around 1.17%, more than BNGE's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BNGE First Trust S-Network Streaming and Gaming ETF	0.38%	0.89%	0.01%	0.81%	0.59%	0.00%	0.00%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.17%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%

Frequently Asked Questions

Can I hold both GINN and BNGE in my portfolio?

GINN and BNGE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GINN or BNGE?

BNGE has higher volatility (5.69%) compared to GINN (3.85%). In terms of maximum drawdown, GINN dropped -41.25% vs BNGE's -40.54%.

Which ETF is better, GINN or BNGE?

On 3-year performance, GINN leads with 16.60% vs 11.61% for BNGE. On fees, GINN is cheaper at 0.50% per year. On volatility, GINN has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GINN or BNGE?

Over the 3-year period, GINN has performed better with a 16.60% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GINN or BNGE?

GINN is cheaper with a 0.50% expense ratio, compared with 0.70% for BNGE.

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

GINN has the higher dividend yield at 1.17%, compared with 0.38% for BNGE.

What is the main difference between GINN and BNGE?

GINN tracks Solactive Innovative Global Equity Index, while BNGE tracks S-Network Streaming & Gaming Index. They also come from different issuers: Goldman Sachs and First Trust. Their fees differ too: 0.50% for GINN and 0.70% for BNGE.

Which has better risk-adjusted returns?

GINN currently has the higher Sharpe Ratio (1.03 vs -0.85), 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.