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ETFs

First Trust S-Network Streaming and Gaming ETF

BNGE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 25 2022
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$5,842
AUM
$4,136,041
Associated Index
S-Network Streaming & Gaming Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with BNGE

What is BNGE?

The First Trust S-Network Streaming & Gaming ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S-Network Streaming & Gaming Index. The Fund will normally invest at least 80% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S-Network Global Indexes, Inc. The Index Provider retains the right at any time, upon prior written notice, to modify the Index methodology.

ETFs related toBNGE

ETFs correlated to BNGE include IRBO, METV, AIQ

BNGE
First Trust Exchange-Traded Fund VI - First Trust S-Network Streaming and Gaming ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBNGE

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

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#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BNGE using Composer

FAQ

BNGE is a Global Equities ETF. The First Trust S-Network Streaming & Gaming ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S-Network Streaming & Gaming Index. The Fund will normally invest at least 80% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S-Network Global Indexes, Inc. The Index Provider retains the right at any time, upon prior written notice, to modify the Index methodology.

BNGE tracks the S-Network Streaming & Gaming Index.

No, BNGE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BNGE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BNGE is -0.0206%. This is the percent change in the value of BNGE over the most recent 1-month period. The 3-month return on BNGE is -0.0314%. This is the percent change in the value of BNGE over the most recent 3-month period.

The standard deviation of BNGE for the past year is 0.2584%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BNGE include IXJ, SMH, and URA.

ETFs correlated to BNGE include IRBO, METV, and AIQ.

ETFs that are inversely correlated to BNGE include HIBS, BERZ, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.