BUG.DE vs. AYEW.DE

Last updated Jun 5, 2026

BUG.DE (Global X Cybersecurity UCITS ETF USD Accumulating) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - BUG.DE tracks the Indxx Cybersecurity while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 3 years, BUG.DE returned 12.37%/yr vs 27.99%/yr for AYEW.DE. A 0.64 correlation means they provide meaningful diversification when combined. BUG.DE charges 0.50%/yr vs 0.18%/yr for AYEW.DE.

Performance

BUG.DE vs. AYEW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Cybersecurity UCITS ETF USD Accumulating (BUG.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUG.DE achieves a 19.68% return, which is significantly lower than AYEW.DE's 24.61% return.

BUG.DE

• 1D: -1.78%
• 1M: 31.53%
• YTD: 19.68%
• 6M: 14.47%
• 1Y: 0.22%
• 3Y*: 12.37%
• 5Y*: —
• 10Y*: —

AYEW.DE

• 1D: -1.67%
• 1M: 15.12%
• YTD: 24.61%
• 6M: 23.38%
• 1Y: 45.27%
• 3Y*: 27.99%
• 5Y*: 21.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUG.DE vs. AYEW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BUG.DE Global X Cybersecurity UCITS ETF USD Accumulating	19.68%	-14.52%	14.93%	39.35%	-31.18%	-5.59%
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)	24.61%	9.65%	33.73%	55.77%	-29.69%	2.16%

Correlation

The correlation between BUG.DE and AYEW.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.64

The correlation between BUG.DE and AYEW.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

Return for Risk

BUG.DE vs. AYEW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUG.DE

BUG.DE Risk / Return Rank: 9
BUG.DE Sharpe Ratio Rank: 9
BUG.DE Sortino Ratio Rank: 10
BUG.DE Omega Ratio Rank: 10
BUG.DE Calmar Ratio Rank: 9
BUG.DE Martin Ratio Rank: 9

AYEW.DE

AYEW.DE Risk / Return Rank: 61
AYEW.DE Sharpe Ratio Rank: 70
AYEW.DE Sortino Ratio Rank: 65
AYEW.DE Omega Ratio Rank: 62
AYEW.DE Calmar Ratio Rank: 62
AYEW.DE Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUG.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity UCITS ETF USD Accumulating (BUG.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BUG.DE	AYEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.01	2.26	-2.25
Sortino ratio: Return per unit of downside risk	0.22	2.94	-2.72
Omega ratio: Gain probability vs. loss probability	1.03	1.37	-0.34
Calmar ratio: Return relative to maximum drawdown	0.01	3.01	-3.00
Martin ratio: Return relative to average drawdown	0.01	8.00	-7.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUG.DE vs. AYEW.DE - Sharpe Ratio Comparison

The current BUG.DE Sharpe Ratio is 0.01, which is lower than the AYEW.DE Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of BUG.DE and AYEW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUG.DE	AYEW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	2.26	-2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	1.02	-0.97

Drawdowns

BUG.DE vs. AYEW.DE - Drawdown Comparison

The maximum BUG.DE drawdown since its inception was -42.84%, which is greater than AYEW.DE's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for BUG.DE and AYEW.DE.

Drawdown Indicators

	BUG.DE	AYEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-31.36%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	-36.87%	-14.98%	-21.89%
Max Drawdown (3Y) Largest decline over 3 years	-42.84%	-29.01%	-13.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.10%	—
Current Drawdown Current decline from peak	-10.53%	-2.13%	-8.40%
Average Drawdown Average peak-to-trough decline	-16.69%	-7.74%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.80%	5.64%	+12.16%

Volatility

BUG.DE vs. AYEW.DE - Volatility Comparison

Global X Cybersecurity UCITS ETF USD Accumulating (BUG.DE) has a higher volatility of 14.31% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that BUG.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUG.DE	AYEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.31%	6.77%	+7.54%
Volatility (6M) Calculated over the trailing 6-month period	26.62%	14.89%	+11.73%
Volatility (1Y) Calculated over the trailing 1-year period	30.48%	19.98%	+10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.90%	22.77%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.90%	23.48%	+4.42%

BUG.DE vs. AYEW.DE - Expense Ratio Comparison

BUG.DE has a 0.50% expense ratio, which is higher than AYEW.DE's 0.18% expense ratio.

Dividends

BUG.DE vs. AYEW.DE - Dividend Comparison

BUG.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)	0.25%	0.31%	0.38%	0.46%	0.82%	0.40%	0.65%	0.12%
BUG.DE Global X Cybersecurity UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUG.DE and AYEW.DE in my portfolio?

BUG.DE and AYEW.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUG.DE or AYEW.DE?

On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BUG.DE or AYEW.DE?

AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for BUG.DE.

What is the main difference between BUG.DE and AYEW.DE?

BUG.DE tracks Indxx Cybersecurity, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for BUG.DE and 0.18% for AYEW.DE.