BNGE vs HERO: which is really different?

BNGE and HERO hold 31% of their weight in the same names, and HERO returned −19.5% over the year. First Trust S-Network Streaming & Gaming ETF and Global X Video Games & Esports ETF.

21.0%
BNGE in the S&P 500
0.0%
HERO in the S&P 500
−23.9%
BNGE total return, 1 year
−19.5%
HERO total return, 1 year
BNGE · 1 year to Sep 30, 202679% of its weight is outside the S&P 500
79% of its weight is outside the S&P 50021% of BNGE's weight is in S&P 500 companies and 79% is outside the index21%79%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 50% of the fund · 48 holdings filed Sep 30, 2026 · Nasdaq-100: 14% in79% of its weight is outside the S&P 50021% of BNGE's weight is in S&P 500 companies and 79% is outside the index21%79%inoutside the S&P 500active share 99% · top ten 50% of the fund

21% of BNGE's weight is in S&P 500 companies and 79% is outside the index

HERO · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of HERO's weight is in S&P 500 companies and 100% is outside the index0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 57% of the fund · 44 holdings filed Sep 30, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of HERO's weight is in S&P 500 companies and 100% is outside the index0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 57% of the fund

0% of HERO's weight is in S&P 500 companies and 100% is outside the index

ETFIQ Off-Index Score · HERO scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, BNGE and HERO hold 31% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 30, 2026.

half

31% in common

Positions both hold, largest shared weight first
Holding BNGE HERO
Nintendo Co., Ltd. 5.58% 6.68%
Take-Two Interactive Software, Inc. 4.07% 5.21%
Unity Software Inc. 3.94% 6.28%
Roblox Corporation (Class A) 3.63% 4.86%
Konami Group Corporation 3.54% 6.96%
Capcom Co., Ltd. 1.98% 5.85%
Nexon Co., Ltd. 1.47% 5.28%
Krafton, Inc. 1.08% 3.96%
China Ruyi Holdings Ltd. 0.53% 2.81%
Japanese Yen 0.21% -0.00%
Only in BNGE
Warner Bros. Discovery, Inc. 5.62%
Sony Corporation 5.50%
The Walt Disney Company 5.27%
Roku, Inc. 5.25%
Spotify Technology S.A. 4.85%
Aristocrat Leisure Limited 4.61%
Tencent Holdings Limited 4.47%
Netflix, Inc. 4.46%
Only in HERO
NETEASE INC-ADR 5.49%
SQUARE ENIX HOLDINGS CO LTD 5.25%
INTERNATIONAL GAMES SYSTEM C 5.20%
CD PROJEKT RED SA 4.82%
BILIBILI INC-SPONSORED ADR 3.71%
KINGSOFT CORP LTD 3.56%
NC CORP 3.54%
SEGA SAMMY HOLDINGS INC 3.31%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

31% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowBNGEHEROBNGEHEROBNGEHERO
3 months−1.3%+6.9%−3.9 pts+4.4 pts−3.5 pts+4.8 pts
6 months+0.5%+3.0%−16.5 pts−14.0 pts−26.4 pts−23.9 pts
1 year−23.9%−19.5%−39.6 pts−35.2 pts−47.7 pts−43.3 pts
3 years+50.3%+49.4%−34.7 pts−35.6 pts−59.7 pts−60.6 pts
Since launch
BNGE Jan 2022 · HERO Oct 2019
+28.8%+89.1%−58.8 pts−88.9 pts−92.1 pts−202.6 pts

BNGE and HERO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BNGE
First Trust S-Network Streaming & Gaming ETF · Holds 48 stocks in gaming, esports and betting, 21% of its weight in S&P 500 companies
HERO
Global X Video Games & Esports ETF · Holds 44 stocks in gaming, esports and betting, 0% of its weight in S&P 500 companies
Issuer First Trust Global X
Theme Gaming, esports and betting Gaming, esports and betting
In the S&P 500 21.0% 0.0%
Active share vs the S&P 500 99.1% 100.0%
In the Nasdaq-100 14.1% 0.0%
Holdings 48 44
Top ten, share of the fund 50.0% 57.1%
Expense ratio 0.70% 0.50%
Fee for the differing part 0.71% 0.50%
Total return, 1 year −23.9% −19.5%
vs the S&P 500 −39.6 pts −35.2 pts
vs the Nasdaq-100 −47.7 pts −43.3 pts
Below its high −24.7% −23.8%
Net assets $5m $62m

BNGE and HERO on the same fields, as of Sep 30, 2026. Source: ETFIQ.

BNGE in plain words

By weight, 21% of BNGE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 48 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −23.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 39.6 pts. It sits 24.7% below its all-time high of Sep 29, 2025.

HERO in plain words

By weight, 0% of HERO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 57% of the fund across 44 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −19.5% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 35.2 pts. It sits 23.8% below its all-time high of Feb 12, 2021.

Questions people ask

Do BNGE and HERO hold the same stocks?
By their latest filings, 31% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BNGE or HERO?
BNGE has 21% of its weight in S&P 500 names and HERO has 0%, so HERO differs more from the index.
Which is cheaper, BNGE or HERO?
BNGE charges 0.70% a year and HERO charges 0.50%, so HERO is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, BNGE against HERO, data as of Sep 30, 2026. https://etfiq.com/compare/themes/bnge-vs-hero

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.