BNGE vs ESPO: Grades, Fees and Holdings Compared

First Trust S-Network Streaming & Gaming ETF

BNGECNYSE Arca

VanEck Video Gaming and eSports ETF

ESPOBNasdaq

Overlap

41.8%by weight

Expense ratio

ESPO −0.15pt a year

BNGE0.70%ESPO0.55%

Avg volume · 30D

ESPO 15.7×the volume

BNGE1KESPO15.7K

3Y return · a year

ESPO +9.4pt

BNGE+15.9%ESPO+25.3%

BNGE vs ESPO Performance

Oct 31, 2025 – Oct 30, 2026

−20.4%BNGE−14.3%ESPO

Expense ratio: BNGE 0.70%; ESPO 0.55%, better
Fund size: BNGE $5M; ESPO $240M
1Y total return: BNGE −20.4%; ESPO −14.3%, better
Yield (12M): BNGE 0.39%; ESPO 1.34%, better
Holdings: BNGE 48; ESPO 28
Avg volume (30D): BNGE 1K sh; ESPO 15.7K sh, better
NAV per share: BNGE $30.99; ESPO $96.17
52W range

ETF.net Grade

Pillar letters and Scores for BNGE, ESPO, with each pillar’s weight
Pillar	BNGE	ESPO
Cost30% weight	F19	C51Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B58	B67Higher
Tradability15% weight	C52	A78Higher
Holdings10% weight	A81Higher	B62
Durability5% weight	C41	A84Higher

Rank among Gaming, Esports & Betting funds

How we build Categories ›

Same Category. BNGE and ESPO are both graded against the same 9 Gaming, Esports & Betting funds, so their Grades compare head to head.

Gaming, Esports & Betting⁠

Category · 9 funds

See all 9 ›

ESPO ranks 1st and BNGE 6th of 9 funds in the Gaming, Esports & Betting Category.

Rank 1BESPOVanEck Video Gaming and eSports ETFScore 63
Rank 2BHEROGlobal X Video Games & Esports ETFScore 57
Rank 5CGAMRAmplify Video Game Leaders ETFScore 43
Rank 6CBNGEFirst Trust S-Network Streaming & Gaming ETFScore 40
Rank 6CODDSPacer BlueStar Digital Entertainment ETFScore 40

Our read on each fund

ETF.net Research

BNGECFirst Trust S-Network Streaming & Gaming ETF

ESPOBVanEck Video Gaming and eSports ETF

In short

BNGE Most gaming ETFs stop at the console. BNGE buys the whole screen: streaming platforms, video game makers and betting operators in one basket of roughly 50 stocks, tracking the S-Network Streaming & Gaming Index.

ESPO Video games, straight up. ESPO tracks a global index of game developers, esports companies and the hardware and software behind them, in a concentrated basket of roughly 30 names, running since 2018.

Stated mandate

BNGE The fund seeks investment results that generally track the price and yield performance of the S-Network Streaming & Gaming Index before fees and expenses.

ESPO The ETF seeks to track, before fees and expenses, the price and yield performance of the MVIS Global Video Gaming and eSports Index. The index covers companies involved in video game development, esports, and related hardware and software.

Why people hold it

BNGE One ticket to the whole attention economy: streaming, gaming and wagering names together, not just the console-and-esports slice most rivals buy.ftportfolios.com
The portfolio is the strong suit. About 50 holdings, and its construction stacks up well against the rest of the gaming and esports group.
Rules-based since its 2022 launch: First Trust follows a published index, so the lineup comes from methodology rather than a manager's hunch.ftportfolios.com

ESPO A tight read on the theme: the index covers video game development, esports, and related hardware and software, so the basket stays near the console and the code instead of drifting into general entertainment.vaneck.com
Global mandate. Gaming's biggest publishers are listed all over the world, and ESPO's index is built to reach them rather than stopping at US-listed names.vaneck.com
Priced at 0.55%, right at the middle of the gaming and esports ETF group, and one of the stronger overall implementations among its peers.
Launched in 2018, making it one of the elder statesmen of gaming ETFs, with a few hundred million dollars of assets behind it.

Worth knowing

BNGE Price of the wider net: 0.70% a year, above most of the gaming cohort, including ESPO and HERO.
Small asset base and thin trading. Spreads can widen, and sub-scale funds face more closure risk than the category's giants.
Not an income sleeve: distributions arrive once or twice a year, and the theme is built on growth-style entertainment and tech names.

ESPO Roughly 30 holdings. One publisher's flopped launch or blowout quarter lands harder here than it would in a broad index.
Not the cheapest seat in the arcade: HERO and NERD both charge 0.50% for their own takes on gaming.
Trades lighter than mainstream index funds, so spreads can widen in fast markets. Distributions come once or twice a year, not monthly.

Full BNGE profile⁠

Full ESPO profile⁠

BNGE vs ESPO Holdings

How BNGE and ESPO differ

Overlap by weight

41.8%

Shared holdings make up 66.6% of ESPO and 42.0% of BNGE.

Level by level

Sector3 Sectors35.1%
Holdings14 in both41.8%
Countryby domicile68.4%
Asset classEquity100%

Sector

Sector weights in BNGE and ESPO, widest gap first
Sector	More in BNGEMore in ESPO	BNGE	ESPO
Technology	ESPO +64.9 points	9.9%	74.8%
Communication	BNGE +56.4 points	66.0%	9.6%
Consumer Discretionary	BNGE +8.4 points	24.1%	15.7%

Country, concentration and asset class

Country by domicile

Country weights in BNGE and ESPO, widest gap first
Country	More in BNGEMore in ESPO	BNGE	ESPO
United States	BNGE +24.7 points	47.6%	22.9%
Taiwan	ESPO +9.2 points	0.0%	9.2%
Japan	ESPO +9.1 points	19.9%	29.0%
South Korea	ESPO +5.5 points	0.0%	5.5%
Poland	ESPO +3.5 points	1.4%	5.0%
China	ESPO +3.0 points	16.2%	19.2%
Italy	BNGE +2.3 points	2.3%	0.0%
United Kingdom	BNGE +1.3 points	1.3%	0.0%
Other countries (7)	BNGE +2.0 points	11.3%	9.3%

Outside the US: BNGE 64% developed, 36% emerging. ESPO 50% developed, 50% emerging.

Concentration

Weight in the 10 largest Holdings

BNGE46.5%
ESPO60.4%

Securities held

BNGE45
ESPO25

Asset class

BNGE: Equity
ESPO: Equity

Holdings

Only in BNGE31
In both14
Only in ESPO11

Only in BNGE

31 securities, 57.7% of BNGE by weight

Spotify Technology S.A.5.08%
Sony Group Corp.4.86%
The Walt Disney Company4.67%
Roku, Inc.4.54%
NetEase, Inc.4.32%
Netflix, Inc.3.91%
Flutter Entertainment Plc3.74%
Kuaishou Technology3.32%
Evolution AB2.88%
DraftKings Inc.2.77%
Lottomatica Group SpA2.30%
Light & Wonder Inc. (CDI)2.16%
Tencent Music Entertainment Group (Class A) (ADR)1.80%
MGM Resorts International1.74%
Entain Plc1.28%
Sega Sammy Holdings Inc.0.86%
JOYY Inc. (ADR)0.84%
Sportradar Group AG (Class A)0.72%
NetEase Cloud Music Inc.0.54%
Tabcorp Holdings Limited0.52%
Ballys Intralot S.A.0.52%
Penn Entertainment Inc.0.50%
Allwyn AG0.48%
Hello Group Inc. (ADR)0.47%
Starz Entertainment Corp.0.47%
Super Group (SGHC) Limited0.46%
Angel Studios, Inc. (Class A)0.44%
iQIYI, Inc. (ADR)0.41%
FuboTV Inc.0.41%
RUM Group Inc. (Class A)0.38%
Rush Street Interactive, Inc.0.30%

Only in ESPO

11 securities, 33.3% of ESPO by weight

Netease Inc6.84%
Bandai Namco Holdings Inc5.13%
International Games System Co Ltd5.03%
Micro-Star International Co Ltd4.12%
Krafton Inc3.96%
Ncsoft Corp1.57%
Embracer Group Ab1.49%
Xd Inc1.45%
Koei Tecmo Holdings Co Ltd1.32%
Vivendi Se1.22%
Modern Times Group Mtg Ab1.16%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in BNGE and ESPO, widest gap first
Holding	More in BNGEMore in ESPO	BNGE	ESPO
CD Projekt S.A.	ESPO +3.62 points	1.36%	4.98%
Nintendo Co., Ltd.	ESPO +2.92 points	4.76%	7.68%
Roblox Corporation (Class A)RBLX	ESPO +2.90 points	4.25%	7.15%
Tencent Holdings Limited	ESPO +2.53 points	4.15%	6.68%
GameStop Corp. (Class A)GME	ESPO +2.20 points	3.29%	5.49%
Nexon Co., Ltd.	ESPO +1.94 points	1.70%	3.64%
Take-Two Interactive Software, Inc.TTWO	ESPO +1.93 points	4.09%	6.02%
Capcom Co., Ltd.	ESPO +1.74 points	2.11%	3.85%
Kingsoft Corporation Ltd.	ESPO +1.66 points	0.83%	2.49%
China Ruyi Holdings Ltd.	ESPO +1.26 points	0.42%	1.68%
Square Enix Holdings Co., Ltd.	ESPO +1.01 points	1.44%	2.45%
Aristocrat Leisure Limited	ESPO +0.57 points	4.84%	5.41%
Unity Software Inc.U	ESPO +0.50 points	3.70%	4.20%
Konami Group Corporation	BNGE +0.12 points	5.01%	4.89%

All 45 BNGE holdings⁠All 28 ESPO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BNGE vs ESPO Cost

Overpaying BNGE vs ESPO

$2,702

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BNGE 0.70%
$13,606
ESPO 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

BNGE 0.70%
ESPO 0.55%
Overpaying

Year by year

Year	BNGE	ESPO	Overpaying
10	$1,250	$988	$262
20	$4,760	$3,790	$970
30	$13,606	$10,904	$2,702

Expense ratio

0.70%BNGE
0.55%ESPO, cheaper

ESPO0.55%BNGE0.70%

0.35%0.75%

Middle half of Gaming, Esports & Betting funds
Median 0.55%

ESPO 5th cheapest of 9 funds

BNGE 8th cheapest of 9 funds

BNGE vs ESPO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BNGE 0.39%; ESPO 1.34%, better
Payout (12M): BNGE $0.12; ESPO $1.29
Last payment: BNGE $0.06; ESPO $1.29
Ex-dividend: BNGE Jun 25, 2026; ESPO Dec 22, 2025
Paid on: BNGE Jun 30, 2026; ESPO Dec 26, 2025
Frequency: BNGE Twice a year; ESPO Annual

Distribution history

Per share, 2018 to 2026, same scale for both

BNGETwice a year · 9 paymentsAll BNGE payments⁠

ESPOAnnual · 8 paymentsAll ESPO payments⁠

BNGE vs ESPO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BNGE 17.6%, betterESPO 17.8%
Return per unit of riskSharpe ratio, 3 years: BNGE 0.67ESPO 1.12, better
Worst fallMax drawdown, 5 years: BNGE −40.6%since Jan 2022ESPO −48.3%
Market sensitivityBeta, 5 years: BNGE 0.96ESPO 0.98; Market = 1

BNGE and ESPO in the news

All news⁠

News
Roblox is reported to let creators ship games as separate apps on mobile, PC and consoles
Sep 11, 2026ESPO

Popular comparisons

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Expense ratio
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BNGECvsNERDC
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Expense ratio
0.55% · 0.50%
Category

BNGE vs ESPO

In short

Stated mandate

Why people hold it

Worth knowing

How BNGE and ESPO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNGE

Only in ESPO

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Roblox is reported to let creators ship games as separate apps on mobile, PC and consoles

How BNGE and ESPO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNGE

Only in ESPO

Weight gaps