BNGE vs SPY
First Trust S-Network Streaming and Gaming ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BNGE or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNGE | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $5M | $804.7B |
| Dividend Yield | 0.37% | 0.98% |
| Holdings | 95 | 505 |
| YTD Return | -15.66% | +11.52%Best |
| 1Y Return | -18.92% | +17.48%Best |
| 3Y Return (annualized) | +13.99% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 22.0% | 15.6%Best |
| Max Drawdown | -40.5% | -22.1%Best |
| $10,000 over 4.6 years | $13,349 | $18,530Best |
| Top 10 Weight | 49.4% | 38.0%Best |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jan 25, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Jan 26, 2022 to Sep 10, 2026 (4.6 years).
BNGE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
BNGE vs SPY Performance
First Trust S-Network Streaming and Gaming ETF (BNGE) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BNGE returned -18.92% while SPY returned +17.48%. Year to date, BNGE is down 15.66% versus a gain of 11.52% for SPY.
Over three years, BNGE compounded at +13.99% per year against +20.62% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNGE has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 15.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.5% for BNGE and -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BNGE charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, BNGE currently yields 0.37% against 0.98% for SPY.
Holdings Overlap
20.8% of BNGE's money is in holdings SPY also owns. 0.9% of SPY's money is in holdings BNGE also owns.
BNGE and SPY share little of their money.
5 positions in common, counted across the 44 positions we hold weights for in BNGE and 504 in SPY, against full books of 95 and 505.
What only one of them owns
Our book lists 489 positions for SPY that do not appear in our book for BNGE (98.6% of the fund), and 16 for BNGE that do not appear in SPY (29.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
20.8% of BNGE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNGE or SPY?
BNGE has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, BNGE or SPY?
Over the past year BNGE returned -18.92% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNGE or SPY?
BNGE has been the more volatile fund at 22.0% annualized versus 15.6% for SPY. Worst drawdown: BNGE -40.5% vs SPY -22.1%.
Should I hold both BNGE and SPY?
BNGE and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BNGE and SPY?
20.8% of BNGE's money is in holdings SPY also owns. 0.9% of SPY's is in holdings BNGE also owns. They hold 5 positions in common, counted across the 44 positions we hold weights for in BNGE and 504 in SPY.
Which pays a higher dividend, BNGE or SPY?
BNGE yields 0.37% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BNGE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.