BUG vs. CIBR

Last updated Jun 13, 2026

BUG (Global X Cybersecurity ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - BUG is a Technology Equities fund tracking the Indxx Cybersecurity Index, while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 5 years, BUG returned 4.13%/yr vs 13.58%/yr for CIBR. Their correlation of 0.94 suggests significant overlap in exposure. BUG charges 0.50%/yr vs 0.60%/yr for CIBR.

Performance

BUG vs. CIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cybersecurity ETF (BUG) and First Trust NASDAQ Cybersecurity ETF (CIBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUG achieves a 11.98% return, which is significantly lower than CIBR's 19.63% return.

BUG

• 1D: -0.12%
• 1M: 11.84%
• YTD: 11.98%
• 6M: 6.60%
• 1Y: -5.37%
• 3Y*: 11.66%
• 5Y*: 4.13%
• 10Y*: —

CIBR

• 1D: -0.16%
• 1M: 12.50%
• YTD: 19.63%
• 6M: 15.68%
• 1Y: 17.38%
• 3Y*: 24.30%
• 5Y*: 13.58%
• 10Y*: 17.88%

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

BUG vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BUG Global X Cybersecurity ETF	11.98%	-5.04%	9.59%	41.40%	-33.63%	13.24%	70.83%	6.21%
CIBR First Trust NASDAQ Cybersecurity ETF	19.63%	13.06%	18.21%	39.71%	-26.46%	19.67%	50.53%	4.57%

Correlation

The correlation between BUG and CIBR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.94

The correlation between BUG and CIBR has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

BUG vs. CIBR - Sectors Allocation Comparison

Sectors	BUG	CIBR
Technology	99.9%	94.0%
Communication Services	0.0%	2.6%
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Healthcare	0.0%	-
Basic Materials	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	3.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

BUG vs. CIBR — Risk / Return Rank

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

BUG

BUG Risk / Return Rank: 8
BUG Sharpe Ratio Rank: 8
BUG Sortino Ratio Rank: 8
BUG Omega Ratio Rank: 8
BUG Calmar Ratio Rank: 8
BUG Martin Ratio Rank: 8

CIBR

CIBR Risk / Return Rank: 21
CIBR Sharpe Ratio Rank: 23
CIBR Sortino Ratio Rank: 22
CIBR Omega Ratio Rank: 22
CIBR Calmar Ratio Rank: 20
CIBR Martin Ratio Rank: 19

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 vs. CIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) and First Trust NASDAQ Cybersecurity ETF (CIBR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BUG	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	0.69	-0.87
Sortino ratio: Return per unit of downside risk	-0.03	1.11	-1.14
Omega ratio: Gain probability vs. loss probability	1.00	1.14	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.14	0.79	-0.94
Martin ratio: Return relative to average drawdown	-0.29	1.86	-2.15

BUG vs. CIBR - Sharpe Ratio Comparison

The current BUG Sharpe Ratio is -0.17, which is lower than the CIBR Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of BUG and CIBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUG vs. CIBR - Drawdown Comparison

The maximum BUG drawdown since its inception was -41.66%, which is greater than CIBR's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for BUG and CIBR.

Drawdown Indicators

	BUG	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-33.89%	-7.77%
Max Drawdown (1Y) Largest decline over 1 year	-37.69%	-21.99%	-15.70%
Max Drawdown (3Y) Largest decline over 3 years	-37.69%	-21.99%	-15.70%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-33.89%	-7.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	-11.52%	-9.53%	-1.99%
Average Drawdown Average peak-to-trough decline	-14.39%	-8.66%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.44%	9.38%	+9.06%

Volatility

BUG vs. CIBR - Volatility Comparison

Global X Cybersecurity ETF (BUG) has a higher volatility of 14.21% compared to First Trust NASDAQ Cybersecurity ETF (CIBR) at 12.35%. This indicates that BUG's price experiences larger fluctuations and is considered to be riskier than CIBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUG	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.21%	12.35%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	26.24%	21.72%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	31.11%	25.16%	+5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.51%	25.04%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.32%	23.65%	+5.67%

BUG vs. CIBR - Expense Ratio Comparison

BUG has a 0.50% expense ratio, which is lower than CIBR's 0.60% expense ratio.

Dividends

BUG vs. CIBR - Dividend Comparison

BUG's dividend yield for the trailing twelve months is around 0.03%, less than CIBR's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUG Global X Cybersecurity ETF	0.03%	0.04%	0.09%	0.10%	1.56%	0.66%	0.46%	0.24%	0.00%	0.00%	0.00%	0.00%
CIBR First Trust NASDAQ Cybersecurity ETF	0.48%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%

Frequently Asked Questions

Can I hold both BUG and CIBR in my portfolio?

With a correlation of 0.94, BUG and CIBR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BUG or CIBR?

BUG has higher volatility (14.21%) compared to CIBR (12.35%). In terms of maximum drawdown, BUG dropped -41.66% vs CIBR's -33.89%.

Which ETF is better, BUG or CIBR?

On 5-year performance, CIBR leads with 13.58% vs 4.13% for BUG. On fees, BUG is cheaper at 0.50% per year. On volatility, CIBR has been the lower-risk option at 12.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUG or CIBR?

Over the 5-year period, CIBR has performed better with a 13.58% return vs 4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUG or CIBR?

BUG is cheaper with a 0.50% expense ratio, compared with 0.60% for CIBR.

Which ETF pays a higher dividend yield, BUG or CIBR?

CIBR has the higher dividend yield at 0.48%, compared with 0.03% for BUG.

What is the main difference between BUG and CIBR?

BUG is categorized as Technology Equities, while CIBR is Cybersecurity. BUG tracks Indxx Cybersecurity Index, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for BUG and 0.60% for CIBR.

Which has better risk-adjusted returns?

CIBR currently has the higher Sharpe Ratio (0.69 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.