Which stocks are most correlated with BNGE?

Based on one year of daily returns, the stocks most correlated with First Trust S-Network Streaming and Gaming ETF (BNGE) are ESPO (0.87), NERD (0.86) and ODDS (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BNGE?

Over the past year, the stocks most inversely correlated with First Trust S-Network Streaming and Gaming ETF (BNGE) are WEBS (-0.67), SARK (-0.62) and SPXS (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust S-Network Streaming and Gaming ETF (BNGE) — Stock Correlations & Overview

Over the past year, BNGE has moved most closely with ESPO, NERD, ODDS. Explore the stocks most correlated and inversely correlated with BNGE below, along with its price, financials, and company profile.

Stocks correlated with BNGE

Correlation of daily returns. Higher positive values move with BNGE; negative values move opposite it. Informational only, not investment advice.

Most correlated with BNGE

Symbol	Company	Correlation
ESPO	VanEck Video Gaming and eSports ETF	0.87
NERD	Roundhill Video Games ETF	0.86
ODDS	Pacer BlueStar Digital Entertainment ETF	0.85
OND	ProShares On-Demand ETF	0.84
HERO	Global X Video Games & Esports ETF	0.82

Most inversely correlated with BNGE

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.67
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.62
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.60
SDS	ProShares UltraShort S&P500	-0.60
SPXU	ProShares UltraPro Short S&P 500	-0.60

Frequently asked questions about BNGE correlations

Which stocks are most correlated with BNGE?: Based on one year of daily returns, the stocks most correlated with First Trust S-Network Streaming and Gaming ETF (BNGE) are ESPO (0.87), NERD (0.86) and ODDS (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BNGE?: Over the past year, the stocks most inversely correlated with First Trust S-Network Streaming and Gaming ETF (BNGE) are WEBS (-0.67), SARK (-0.62) and SPXS (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BNGE correlations calculated?: We compute the correlation of daily returns between BNGE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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