BNGE vs HERO: Grades, Fees and Holdings Compared

First Trust S-Network Streaming & Gaming ETF

BNGECNYSE Arca

Global X Video Games & Esports ETF

HEROBNasdaq

Overlap

30.5%by weight

Expense ratio

HERO −0.20pt a year

BNGE0.70%HERO0.50%

Avg volume · 30D

HERO 18.8×the volume

BNGE1KHERO18.8K

3Y return · a year

BNGE +1.0pt

BNGE+15.9%HERO+14.9%

BNGE vs HERO Performance

Oct 31, 2025 – Oct 30, 2026

−20.4%BNGE−17.5%HERO

Expense ratio: BNGE 0.70%; HERO 0.50%, better
Fund size: BNGE $5M; HERO $59M
1Y total return: BNGE −20.4%; HERO −17.5%, better
Yield (12M): BNGE 0.39%; HERO 1.74%, better
Holdings: BNGE 48; HERO 42
Avg volume (30D): BNGE 1K sh; HERO 18.8K sh, better
NAV per share: BNGE $30.99; HERO $26.61
52W range

ETF.net Grade

Pillar letters and Scores for BNGE, HERO, with each pillar’s weight
Pillar	BNGE	HERO
Cost30% weight	F19	A71Higher
Mission25% weight	Not scored	C40
Risk15% weight	B58Higher	C43
Tradability15% weight	C52	C52
Holdings10% weight	A81Higher	D37
Durability5% weight	C41	A73Higher

Rank among Gaming, Esports & Betting funds

How we build Categories ›

Same Category. BNGE and HERO 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 ›

HERO ranks 2nd 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 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

HEROBGlobal X Video Games & 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.

HERO A pure play on the companies that make and monetize games: roughly 40 video game and esports names in one index fund, priced under the typical fee in its niche.

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.

HERO The Fund seeks to deliver investment results that generally correspond to the price and yield performance of the Solactive Video Games & Esports Index before fees and expenses.

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

HERO Costs 0.50% a year, below the 0.55% median for gaming and esports funds, including VanEck's ESPO at 0.55% and Invesco's GGME at 0.71%.
Does exactly what the label says: tracks the Solactive Video Games & Esports Index, not a broad tech basket with a few game studios sprinkled in.
Launched in 2019, part of the first wave of gaming funds, and it grades in the upper half of its peer group.

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.

HERO Thinly traded. Limit orders matter here, and spreads can widen when the market gets jumpy.
About 40 stocks in one industry. Concentration cuts both ways, and the fund rides the gaming cycle with little to cushion it.
Distributions come once or twice a year. This is a growth-theme equity fund, not an income line.

Full BNGE profile⁠

Full HERO profile⁠

BNGE vs HERO Holdings

As of Oct 13, 2026

How BNGE and HERO differ

Overlap by weight

30.5%

Shared holdings make up 61.7% of HERO and 30.5% of BNGE.

Level by level

Holdings12 in both30.5%
Countryby domicile59.5%
Sector4 Sectors73.8%
Asset classEquity100%

Sector

Sector weights in BNGE and HERO, widest gap first
Sector	More in BNGEMore in HERO	BNGE	HERO
Communication	HERO +25.3 points	66.0%	91.3%
Consumer Discretionary	BNGE +24.1 points	24.1%	0.0%
Technology	BNGE +2.2 points	9.9%	7.7%
Industrials	HERO +1.0 points	0.0%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in BNGE and HERO, widest gap first
Country	More in BNGEMore in HERO	BNGE	HERO
United States	BNGE +28.5 points	47.6%	19.1%
Japan	HERO +17.1 points	19.9%	37.0%
South Korea	HERO +10.6 points	0.0%	10.6%
Taiwan	HERO +5.9 points	0.0%	5.9%
Australia	BNGE +5.3 points	5.3%	0.0%
Poland	HERO +3.7 points	1.4%	5.2%
Italy	BNGE +2.3 points	2.3%	0.0%
France	HERO +2.0 points	0.0%	2.0%
Other countries (7)	BNGE +3.1 points	23.4%	20.3%

Outside the US: BNGE 64% developed, 36% emerging. HERO 53% developed, 47% emerging.

Concentration

Weight in the 10 largest Holdings

BNGE46.5%
HERO58.1%

Securities held

BNGE45
HERO41

Asset class

BNGE: Equity
HERO: Equity

Holdings

Only in BNGE33
In both12
Only in HERO29

Only in BNGE

33 securities, 69.1% of BNGE by weight

Spotify Technology S.A.5.08%
Sony Group Corp.4.86%
Aristocrat Leisure Limited4.84%
The Walt Disney Company4.67%
Roku, Inc.4.54%
NetEase, Inc.4.32%
Tencent Holdings Limited4.15%
Netflix, Inc.3.91%
Flutter Entertainment Plc3.74%
Kuaishou Technology3.32%
GameStop Corp. (Class A)3.29%
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%
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 HERO

29 securities, 38.2% of HERO by weight

Netease Inc-Adr5.56%
International Games System C5.12%
Krafton Inc3.82%
Bilibili Inc-Sponsored Adr3.67%
Nc Corp3.51%
Xd Inc1.69%
Embracer Group Ab1.46%
Vivendi SE1.29%
Koei Tecmo Holdings Co Ltd1.22%
Modern Times Group-B Shs1.19%
Other Payable & Receivables0.94%
Dena Co Ltd0.92%
Pearl Abyss Corp0.84%
Corsair Gaming Inc0.74%
Netmarble Corp0.66%
Ubisoft Entertainment0.63%
Gungho Online Entertainment0.62%
Paradox Interactive Ab0.60%
Gravity Co Ltd-Sponsored Adr0.51%
Doubleugames Co Ltd0.48%
Nexon Games Co Ltd0.40%
Kakao Games Corp0.40%
Immersion Corporation0.32%
Netdragon Websoft Holdings L0.31%
Turtle Beach Corp0.30%
Wemade Co Ltd0.29%
Huya Inc-Adr0.28%
Tanwan Inc0.25%
Playtika Holding Corp0.21%

Weight gaps

All 12 Holdings in both funds, largest gap first.

Holding weights in BNGE and HERO, widest gap first
Holding	More in BNGEMore in HERO	BNGE	HERO
Capcom Co., Ltd.	HERO +3.62 points	2.11%	5.73%
Square Enix Holdings Co., Ltd.	HERO +3.55 points	1.44%	4.99%
Nexon Co., Ltd.	HERO +3.42 points	1.70%	5.12%
CD Projekt S.A.	HERO +3.41 points	1.36%	4.77%
Unity Software Inc.U	HERO +3.31 points	3.70%	7.01%
Kingsoft Corporation Ltd.	HERO +2.90 points	0.83%	3.73%
Konami Group Corporation	HERO +2.27 points	5.01%	7.28%
Sega Sammy Holdings Inc.	HERO +2.26 points	0.86%	3.12%
China Ruyi Holdings Ltd.	HERO +2.22 points	0.42%	2.64%
Nintendo Co., Ltd.	HERO +1.88 points	4.76%	6.64%
Roblox Corporation (Class A)RBLX	HERO +1.32 points	4.25%	5.57%
Take-Two Interactive Software, Inc.TTWO	HERO +1.04 points	4.09%	5.13%

All 45 BNGE holdings⁠All 40 HERO 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 HERO Cost

Overpaying BNGE vs HERO

$3,627

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

BNGE 0.70%
$13,606
HERO 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BNGE 0.70%
HERO 0.50%
Overpaying

Year by year

Year	BNGE	HERO	Overpaying
10	$1,250	$900	$350
20	$4,760	$3,460	$1,300
30	$13,606	$9,979	$3,627

Expense ratio

0.70%BNGE
0.50%HERO, cheaper

HERO0.50%BNGE0.70%

0.35%0.75%

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

HERO 3rd cheapest of 9 funds

BNGE 8th cheapest of 9 funds

BNGE vs HERO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BNGE 0.39%; HERO 1.74%, better
Payout (12M): BNGE $0.12; HERO $0.46
Last payment: BNGE $0.06; HERO $0.13
Ex-dividend: BNGE Jun 25, 2026; HERO Jun 29, 2026
Paid on: BNGE Jun 30, 2026; HERO Jul 7, 2026
Frequency: BNGE Twice a year; HERO Twice a year

Distribution history

Per share, 2019 to 2026, same scale for both

BNGETwice a year · 9 paymentsAll BNGE payments⁠

HEROTwice a year · 14 paymentsAll HERO payments⁠

BNGE vs HERO 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%, betterHERO 18.3%
Return per unit of riskSharpe ratio, 3 years: BNGE 0.67, betterHERO 0.61
Worst fallMax drawdown, 5 years: BNGE −40.6%since Jan 2022HERO −46.5%
Market sensitivityBeta, 5 years: BNGE 0.96HERO 0.90; Market = 1

BNGE and HERO in the news

All news⁠

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

Popular comparisons

BNGECvsESPOB
First Trust S-Network Streaming & Gaming ETF · VanEck Video Gaming and eSports ETF
Expense ratio
0.70% · 0.55%
Category
HEROBvsESPOB
Global X Video Games & Esports ETF · VanEck Video Gaming and eSports ETF
Expense ratio
0.50% · 0.55%
Category
BNGECvsGGMEC
First Trust S-Network Streaming & Gaming ETF · Invesco Next Gen Media and Gaming ETF
Expense ratio
0.70% · 0.63%
Category
HEROBvsGGMEC
Global X Video Games & Esports ETF · Invesco Next Gen Media and Gaming ETF
Expense ratio
0.50% · 0.63%
Category
BNGECvsNERDC
First Trust S-Network Streaming & Gaming ETF · Roundhill Video Games ETF
Expense ratio
0.70% · 0.50%
Category
HEROBvsNERDC
Global X Video Games & Esports ETF · Roundhill Video Games ETF
Expense ratio
0.50% · 0.50%
Category

BNGE vs HERO

In short

Stated mandate

Why people hold it

Worth knowing

How BNGE and HERO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNGE

Only in HERO

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 HERO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNGE

Only in HERO

Weight gaps