BNGE vs GGME: Grades, Fees and Holdings Compared

First Trust S-Network Streaming & Gaming ETF

BNGECNYSE Arca

Invesco Next Gen Media and Gaming ETF

GGMECNYSE Arca

Overlap

26.7%by weight

Expense ratio

GGME −0.07pt a year

BNGE0.70%GGME0.63%

Avg volume · 30D

GGME 2.1×the volume

BNGE1KGGME2.07K

3Y return · a year

GGME +8.1pt

BNGE+15.9%GGME+24.0%

BNGE vs GGME Performance

Oct 31, 2025 – Oct 30, 2026

−20.4%BNGE−4.9%GGME

Expense ratio: BNGE 0.70%; GGME 0.63%, better
Fund size: BNGE $5M; GGME $42M
1Y total return: BNGE −20.4%; GGME −4.9%, better
Yield (12M): BNGE 0.39%, better; GGME 0.08%
Holdings: BNGE 48; GGME 102
Avg volume (30D): BNGE 1K sh; GGME 2.07K sh, better
NAV per share: BNGE $30.99; GGME $61.53
52W range

ETF.net Grade

Pillar letters and Scores for BNGE, GGME, with each pillar’s weight
Pillar	BNGE	GGME
Cost30% weight	F19	D30Higher
Mission25% weight	Not scored	C40
Risk15% weight	B58	A74Higher
Tradability15% weight	C52	B63Higher
Holdings10% weight	A81Higher	B58
Durability5% weight	C41	A78Higher

Rank among Gaming, Esports & Betting funds

How we build Categories ›

Same Category. BNGE and GGME 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 ›

GGME ranks 3rd 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 3CGGMEInvesco Next Gen Media and Gaming ETFScore 52
Rank 4CNERDRoundhill Video Games ETFScore 50
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

GGMECInvesco Next Gen Media and Gaming 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.

GGME The wide-angle lens in the gaming aisle: GGME's index chases "future media" broadly, so streaming and platform names sit beside game makers across roughly 100 global stocks. Fee is 0.63% net of a waiver through August 31, 2028.

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.

GGME The fund tracks the STOXX World AC NexGen Media Index and normally invests at least 90% of assets in common stocks comprising that index. The index focuses on companies exposed to technologies or products contributing to future media.

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

GGME Tracks the STOXX World AC NexGen Media Index with at least 90% of assets in index stocks, a mandate built around future media rather than game publishers alone.
Spreads the theme across roughly 100 global stocks, any market cap, so the thesis does not hinge on one studio's release calendar.stoxx.com
Fund and index rebalance quarterly, on the second Friday of March, June, September and December, so the basket keeps pace as media shifts.bloomberg.com
Listed in 2005 and later retooled (new ticker included) into its current next gen media and gaming mandate, giving it more live market history than most thematic shelves.bloomberg.com

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.

GGME At 0.63% net of a waiver through August 31, 2028, it sits above the category median and above unwaived peers ESPO (0.55%) and HERO (0.50%).
A small fund that trades lightly, so spreads can widen and large orders may need patience.
The broad definition cuts both ways: mega-cap media and platform names are eligible, so it overlaps other tech holdings more than a pure gaming basket would.stoxx.com

Full BNGE profile⁠

Full GGME profile⁠

BNGE vs GGME Holdings

How BNGE and GGME differ

Overlap by weight

26.7%

Shared holdings make up 61.0% of BNGE and 29.4% of GGME.

Level by level

Holdings23 in both26.7%
Sector5 Sectors37.9%
Countryby domicile65.4%
Asset classEquity100%

Sector

Sector weights in BNGE and GGME, widest gap first
Sector	More in BNGEMore in GGME	BNGE	GGME
Technology	GGME +61.4 points	9.9%	71.3%
Communication	BNGE +41.1 points	66.0%	24.9%
Consumer Discretionary	BNGE +21.0 points	24.1%	3.1%
Financials	GGME +0.4 points	0.0%	0.4%
Industrials	GGME +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in BNGE and GGME, widest gap first
Country	More in BNGEMore in GGME	BNGE	GGME
United States	GGME +28.3 points	47.6%	75.9%
Japan	BNGE +13.7 points	19.9%	6.2%
China	BNGE +9.3 points	16.2%	6.9%
Taiwan	GGME +4.2 points	0.0%	4.2%
Australia	BNGE +3.6 points	5.3%	1.7%
Italy	BNGE +2.2 points	2.3%	0.1%
France	GGME +1.3 points	0.0%	1.3%
United Kingdom	BNGE +1.3 points	1.3%	0.0%
Other countries (10)	BNGE +3.7 points	7.4%	3.7%

Outside the US: BNGE 64% developed, 36% emerging. GGME 51% developed, 49% emerging.

Concentration

Weight in the 10 largest Holdings

BNGE46.5%
GGME62.3%

Securities held

BNGE45
GGME99

Asset class

BNGE: Equity
GGME: Equity

Holdings

Only in BNGE22
In both23
Only in GGME76

Only in BNGE

22 securities, 38.7% of BNGE by weight

Sony Group Corp.4.86%
The Walt Disney Company4.67%
Tencent Holdings Limited4.15%
Flutter Entertainment Plc3.74%
Kuaishou Technology3.32%
GameStop Corp. (Class A)3.29%
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%
Kingsoft Corporation Ltd.0.83%
Tabcorp Holdings Limited0.52%
Ballys Intralot S.A.0.52%
Penn Entertainment Inc.0.50%
Allwyn AG0.48%
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%
Rush Street Interactive, Inc.0.30%

Only in GGME

76 securities, 70.5% of GGME by weight

Advanced Micro Devices Inc9.06%
Apple Inc8.61%
NVIDIA Corp7.88%
Meta Platforms Inc7.81%
QUALCOMM Inc4.75%
Cloudflare Inc4.52%
Adobe Inc4.52%
MediaTek Inc3.76%
Autodesk Inc3.14%
Xiaomi Corp1.84%
Zoom Communications Inc1.62%
Dassault Systemes SE1.29%
Reddit Inc1.18%
Lenovo Group Ltd1.02%
Hexagon AB0.91%
Logitech International SA0.80%
Pinterest Inc0.61%
Bentley Systems Inc0.49%
Snap Inc0.43%
Figma Inc0.35%
Trade Desk Inc/The0.35%
Invesco Government & Agency Portfolio0.34%
Xometry Inc0.33%
Cambricon Tech A (Hk-C)0.31%
Tencent Music Entertainment Group0.25%
Shanghai Biren Technology Co Ltd0.23%
Dolby Laboratories Inc0.22%
Life360 Inc0.21%
Magnite Inc0.20%
Krafton Inc0.20%
Ambarella Inc0.18%
Nemetschek SE0.17%
Kingsoft Corp Ltd0.17%
Sankyo Co Ltd0.17%
Adeia Inc0.15%
Acer Inc0.13%
Shanghai Iluvatar CoreX Semiconductor Co Ltd0.13%
Sinch AB0.13%
Sonos Inc0.13%
SoundHound AI Inc0.11%
DoubleVerify Holdings Inc0.11%
TCL Electronics Holdings Ltd0.10%
NC Corp0.10%
Peloton Interactive Inc0.09%
Beijing 51World Digital Twin Technology Co Ltd0.08%
Playtech Plc0.08%
Koei Tecmo Holdings Co Ltd0.07%
Modern Times Group MTG AB0.07%
Embracer Group AB0.06%
Hacksaw AB0.06%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in BNGE and GGME, widest gap first
Holding	More in BNGEMore in GGME	BNGE	GGME
Konami Group Corporation	BNGE +4.17 points	5.01%	0.84%
Roku, Inc.ROKU	BNGE +3.25 points	4.54%	1.29%
Aristocrat Leisure Limited	BNGE +3.17 points	4.84%	1.67%
Unity Software Inc.U	BNGE +2.79 points	3.70%	0.91%
Netflix, Inc.NFLX	GGME +2.67 points	3.91%	6.58%
Evolution AB	BNGE +2.33 points	2.88%	0.55%
NetEase, Inc.	BNGE +2.17 points	4.32%	2.15%
DraftKings Inc.DKNG	BNGE +2.17 points	2.77%	0.60%
Roblox Corporation (Class A)RBLX	BNGE +2.05 points	4.25%	2.20%
Take-Two Interactive Software, Inc.TTWO	BNGE +1.94 points	4.09%	2.15%
Capcom Co., Ltd.	BNGE +1.67 points	2.11%	0.44%
Nexon Co., Ltd.	BNGE +1.37 points	1.70%	0.33%
Square Enix Holdings Co., Ltd.	BNGE +1.24 points	1.44%	0.20%
CD Projekt S.A.	BNGE +1.06 points	1.36%	0.30%
Nintendo Co., Ltd.	BNGE +1.03 points	4.76%	3.73%
JOYY Inc. (ADR)JOYY	BNGE +0.73 points	0.84%	0.11%
Sega Sammy Holdings Inc.	BNGE +0.67 points	0.86%	0.19%
Sportradar Group AG (Class A)SRAD	BNGE +0.64 points	0.72%	0.08%
NetEase Cloud Music Inc.	BNGE +0.48 points	0.54%	0.06%
Hello Group Inc. (ADR)MOMO	BNGE +0.44 points	0.47%	0.03%
RUM Group Inc. (Class A)RUM	BNGE +0.33 points	0.38%	0.05%
China Ruyi Holdings Ltd.	BNGE +0.33 points	0.42%	0.09%
Spotify Technology S.A.SPOT	BNGE +0.24 points	5.08%	4.84%

All 45 BNGE holdings⁠All 98 GGME 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 GGME Cost

Overpaying BNGE vs GGME

$1,247

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

BNGE 0.70%
$13,606
GGME 0.63%
$12,359

Amount$10,000

Years30 years

Cost over time

BNGE 0.70%
GGME 0.63%
Overpaying

Year by year

Year	BNGE	GGME	Overpaying
10	$1,250	$1,128	$122
20	$4,760	$4,311	$449
30	$13,606	$12,359	$1,247

Expense ratio

0.70%BNGE
0.63%GGME, cheaper

GGME0.63%BNGE0.70%

0.35%0.75%

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

GGME 7th cheapest of 9 funds

BNGE 8th cheapest of 9 funds

BNGE vs GGME Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BNGE 0.39%, better; GGME 0.08%
Payout (12M): BNGE $0.12; GGME $0.05
Last payment: BNGE $0.06; GGME $0.04
Ex-dividend: BNGE Jun 25, 2026; GGME Sep 21, 2026
Paid on: BNGE Jun 30, 2026; GGME Sep 25, 2026
Frequency: BNGE Twice a year; GGME Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BNGETwice a year · 9 paymentsAll BNGE payments⁠

GGMETwice a year · 30 paymentsAll GGME payments⁠

BNGE vs GGME 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%, betterGGME 19.9%
Return per unit of riskSharpe ratio, 3 years: BNGE 0.67GGME 0.96, better
Worst fallMax drawdown, 5 years: BNGE −40.6%since Jan 2022GGME −43.9%
Market sensitivityBeta, 5 years: BNGE 0.96GGME 1.27; Market = 1

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