GVAL vs. BNGE

Last updated Jun 13, 2026

GVAL (Cambria Global Value ETF) and BNGE (First Trust S-Network Streaming and Gaming ETF) are both exchange-traded funds - GVAL is a Global Equities fund actively managed by Cambria, while BNGE is a Technology Equities fund tracking the S-Network Streaming & Gaming Index. GVAL is actively managed, while BNGE is passively managed. Over the past 3 years, GVAL returned 26.84%/yr vs 12.44%/yr for BNGE. A 0.57 correlation means they provide meaningful diversification when combined. GVAL charges 0.64%/yr vs 0.70%/yr for BNGE.

Performance

GVAL vs. BNGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Value ETF (GVAL) 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, GVAL achieves a 16.63% return, which is significantly higher than BNGE's -16.74% return.

GVAL

• 1D: 1.47%
• 1M: 3.88%
• YTD: 16.63%
• 6M: 18.08%
• 1Y: 40.92%
• 3Y*: 26.84%
• 5Y*: 13.64%
• 10Y*: 11.46%

BNGE

• 1D: 0.21%
• 1M: 1.58%
• YTD: -16.74%
• 6M: -17.89%
• 1Y: -7.34%
• 3Y*: 12.44%
• 5Y*: —
• 10Y*: —

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

GVAL vs. BNGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GVAL Cambria Global Value ETF	16.63%	55.87%	2.59%	13.30%	-7.46%
BNGE First Trust S-Network Streaming and Gaming ETF	-16.74%	35.18%	19.23%	37.21%	-28.77%

Correlation

The correlation between GVAL and BNGE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.57

The correlation between GVAL and BNGE shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

GVAL vs. BNGE - Sectors Allocation Comparison

Sectors	GVAL	BNGE
Financial Services	16.5%	-
Basic Materials	8.3%	-
Energy	7.7%	-
Real Estate	6.9%	-
Technology	6.5%	7.1%
Communication Services	4.6%	66.2%
Utilities	4.0%	-
Industrials	3.6%	-
Consumer Cyclical	2.6%	26.7%
Consumer Defensive	1.9%	-
Healthcare	-	-

Return for Risk

GVAL vs. BNGE — Risk / Return Rank

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

GVAL

GVAL Risk / Return Rank: 84
GVAL Sharpe Ratio Rank: 90
GVAL Sortino Ratio Rank: 88
GVAL Omega Ratio Rank: 87
GVAL Calmar Ratio Rank: 77
GVAL Martin Ratio Rank: 79

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.

GVAL vs. BNGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) 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.

	GVAL	BNGE	Difference
Sharpe ratio: Return per unit of total volatility	2.64	-0.48	+3.11
Sortino ratio: Return per unit of downside risk	3.50	-0.55	+4.05
Omega ratio: Gain probability vs. loss probability	1.47	0.93	+0.53
Calmar ratio: Return relative to maximum drawdown	3.48	-0.31	+3.79
Martin ratio: Return relative to average drawdown	13.27	-0.59	+13.85

GVAL vs. BNGE - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.64, which is higher than the BNGE Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of GVAL 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

GVAL vs. BNGE - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than BNGE's maximum drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for GVAL and BNGE.

Drawdown Indicators

	GVAL	BNGE	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-40.54%	-6.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-27.88%	+16.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-27.88%	+12.16%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.82%	—	—
Current Drawdown Current decline from peak	0.00%	-23.28%	+23.28%
Average Drawdown Average peak-to-trough decline	-13.85%	-13.88%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	14.58%	-11.56%

Volatility

GVAL vs. BNGE - Volatility Comparison

Cambria Global Value ETF (GVAL) has a higher volatility of 6.00% compared to First Trust S-Network Streaming and Gaming ETF (BNGE) at 4.48%. This indicates that GVAL'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

	GVAL	BNGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	4.48%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	13.50%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	17.92%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	25.12%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	25.12%	-5.92%

GVAL vs. BNGE - Expense Ratio Comparison

GVAL has a 0.64% expense ratio, which is lower than BNGE's 0.70% expense ratio.

Dividends

GVAL vs. BNGE - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.77%, more than BNGE's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNGE First Trust S-Network Streaming and Gaming ETF	1.06%	0.89%	0.01%	0.81%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GVAL Cambria Global Value ETF	2.77%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%

Frequently Asked Questions

Can I hold both GVAL and BNGE in my portfolio?

GVAL and BNGE 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.

Which is riskier, GVAL or BNGE?

GVAL has higher volatility (6.00%) compared to BNGE (4.48%). In terms of maximum drawdown, GVAL dropped -46.82% vs BNGE's -40.54%.

Which ETF is better, GVAL or BNGE?

On 3-year performance, GVAL leads with 26.84% vs 12.44% for BNGE. On fees, GVAL is cheaper at 0.64% per year. On volatility, BNGE has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVAL or BNGE?

Over the 3-year period, GVAL has performed better with a 26.84% return vs 12.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or BNGE?

GVAL is cheaper with a 0.64% expense ratio, compared with 0.70% for BNGE.

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

GVAL has the higher dividend yield at 2.77%, compared with 1.06% for BNGE.

What is the main difference between GVAL and BNGE?

GVAL is categorized as Global Equities, while BNGE is Technology Equities. They also come from different issuers: Cambria and First Trust. Their fees differ too: 0.64% for GVAL and 0.70% for BNGE.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.64 vs -0.48), 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.