HERO vs. BNGE

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Video Games & Esports ETF (HERO) and First Trust S-Network Streaming and Gaming ETF (BNGE).

HERO and BNGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HERO is a passively managed fund by Global X that tracks the performance of the Solactive Video Games & Esports Index. It was launched on Oct 25, 2019. 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. Both HERO and BNGE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HERO vs. BNGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Video Games & Esports ETF (HERO) and First Trust S-Network Streaming and Gaming ETF (BNGE). The values are adjusted to include any dividend payments, if applicable.

HERO vs. BNGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HERO Global X Video Games & Esports ETF	-11.99%	28.74%	17.65%	8.36%	-27.09%
BNGE First Trust S-Network Streaming and Gaming ETF	-18.64%	35.18%	19.23%	37.21%	-28.77%

Returns By Period

In the year-to-date period, HERO achieves a -11.99% return, which is significantly higher than BNGE's -18.64% return.

HERO

• 1D: 1.79%
• 1M: -3.22%
• YTD: -11.99%
• 6M: -22.29%
• 1Y: 4.87%
• 3Y*: 10.02%
• 5Y*: -3.15%
• 10Y*: —

BNGE

• 1D: 0.55%
• 1M: -4.86%
• YTD: -18.64%
• 6M: -24.07%
• 1Y: 4.58%
• 3Y*: 13.76%
• 5Y*: —
• 10Y*: —

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

HERO vs. BNGE - Expense Ratio Comparison

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

BNGE

First Trust S-Network Streaming and Gaming ETF

HERO

Global X Video Games & Esports ETF

Return for Risk

HERO vs. BNGE — Risk / Return Rank

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

HERO

HERO Risk / Return Rank: 17
HERO Sharpe Ratio Rank: 17
HERO Sortino Ratio Rank: 17
HERO Omega Ratio Rank: 17
HERO Calmar Ratio Rank: 17
HERO Martin Ratio Rank: 16

BNGE

BNGE Risk / Return Rank: 16
BNGE Sharpe Ratio Rank: 16
BNGE Sortino Ratio Rank: 17
BNGE Omega Ratio Rank: 17
BNGE Calmar Ratio Rank: 15
BNGE Martin Ratio Rank: 15

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.

HERO vs. BNGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports ETF (HERO) 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.

	HERO	BNGE	Difference
Sharpe ratio Return per unit of total volatility	0.23	0.21	+0.02
Sortino ratio Return per unit of downside risk	0.47	0.45	+0.01
Omega ratio Gain probability vs. loss probability	1.06	1.06	0.00
Calmar ratio Return relative to maximum drawdown	0.25	0.19	+0.06
Martin ratio Return relative to average drawdown	0.64	0.53	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HERO vs. BNGE - Sharpe Ratio Comparison

The current HERO Sharpe Ratio is 0.23, which is comparable to the BNGE Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of HERO and BNGE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HERO	BNGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.21	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.24	+0.16

Correlation

The correlation between HERO and BNGE is 0.82, 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.

Dividends

HERO vs. BNGE - Dividend Comparison

HERO's dividend yield for the trailing twelve months is around 1.84%, more than BNGE's 1.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
HERO Global X Video Games & Esports ETF	1.84%	1.62%	1.06%	0.73%	0.28%	0.79%	0.71%	0.17%
BNGE First Trust S-Network Streaming and Gaming ETF	1.09%	0.89%	0.01%	0.81%	0.59%	0.00%	0.00%	0.00%

Drawdowns

HERO vs. BNGE - Drawdown Comparison

The maximum HERO drawdown since its inception was -54.02%, which is greater than BNGE's maximum drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for HERO and BNGE.

Drawdown Indicators

	HERO	BNGE	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-40.54%	-13.48%
Max Drawdown (1Y) Largest decline over 1 year	-26.64%	-27.88%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	-49.09%	—	—
Current Drawdown Current decline from peak	-25.94%	-25.03%	-0.91%
Average Drawdown Average peak-to-trough decline	-25.97%	-13.41%	-12.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.44%	10.07%	+0.37%

Volatility

HERO vs. BNGE - Volatility Comparison

Global X Video Games & Esports ETF (HERO) has a higher volatility of 7.63% compared to First Trust S-Network Streaming and Gaming ETF (BNGE) at 6.89%. This indicates that HERO'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

	HERO	BNGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	6.89%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	13.89%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.72%	21.92%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.42%	25.48%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	25.48%	-0.85%