BUG vs. IGV

Last updated Jul 14, 2026

BUG (Global X Cybersecurity ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both Technology Equities funds - BUG tracks the Indxx Cybersecurity Index while IGV tracks the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 5 years, BUG returned 6.80%/yr vs 3.38%/yr for IGV. Their correlation of 0.86 suggests significant overlap in exposure. BUG charges 0.50%/yr vs 0.39%/yr for IGV.

Performance

BUG vs. IGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cybersecurity ETF (BUG) and iShares Expanded Tech-Software Sector ETF (IGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUG achieves a 30.14% return, which is significantly higher than IGV's -12.27% return.

BUG

• 1D: 0.69%
• 1M: 16.21%
• 6M: 28.99%
• YTD: 30.14%
• 1Y: 14.02%
• 3Y*: 18.33%
• 5Y*: 6.80%
• 10Y*: —

IGV

• 1D: 0.31%
• 1M: 2.22%
• 6M: -11.99%
• YTD: -12.27%
• 1Y: -13.74%
• 3Y*: 8.93%
• 5Y*: 3.38%
• 10Y*: 15.67%

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

BUG vs. IGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BUG Global X Cybersecurity ETF	30.14%	-5.04%	9.59%	41.40%	-33.63%	13.24%	70.83%	6.21%
IGV iShares Expanded Tech-Software Sector ETF	-12.27%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	7.50%

Correlation

The correlation between BUG and IGV is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.86

The correlation between BUG and IGV has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

BUG vs. IGV - Sectors Allocation Comparison

Sectors	BUG	IGV
Technology	100.0%	89.1%
Communication Services	0.0%	8.6%
Consumer Cyclical	0.0%	0.3%
Consumer Defensive	0.0%	-
Healthcare	0.0%	-
Basic Materials	-	-
Energy	-	-
Financial Services	-	1.9%
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

BUG vs. IGV — Risk / Return Rank

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

BUG

BUG Risk / Return Rank: 16
BUG Sharpe Ratio Rank: 17
BUG Sortino Ratio Rank: 18
BUG Omega Ratio Rank: 18
BUG Calmar Ratio Rank: 15
BUG Martin Ratio Rank: 14

IGV

IGV Risk / Return Rank: 5
IGV Sharpe Ratio Rank: 5
IGV Sortino Ratio Rank: 5
IGV Omega Ratio Rank: 5
IGV Calmar Ratio Rank: 6
IGV Martin Ratio Rank: 6

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. IGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) and iShares Expanded Tech-Software Sector ETF (IGV). 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	IGV	Difference
Sharpe ratio: Return per unit of total volatility	0.44	-0.48	+0.92
Sortino ratio: Return per unit of downside risk	0.81	-0.51	+1.32
Omega ratio: Gain probability vs. loss probability	1.10	0.94	+0.16
Calmar ratio: Return relative to maximum drawdown	0.40	-0.38	+0.78
Martin ratio: Return relative to average drawdown	0.87	-0.74	+1.61

BUG vs. IGV - Sharpe Ratio Comparison

The current BUG Sharpe Ratio is 0.44, which is higher than the IGV Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of BUG and IGV, 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. IGV - Drawdown Comparison

The maximum BUG drawdown since its inception was -41.66%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for BUG and IGV.

Drawdown Indicators

	BUG	IGV	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-63.45%	+21.79%
Max Drawdown (1Y) Largest decline over 1 year	-35.16%	-36.61%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-37.69%	-36.61%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-45.85%	+4.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.85%	—
Current Drawdown Current decline from peak	-2.96%	-21.29%	+18.33%
Average Drawdown Average peak-to-trough decline	-14.30%	-14.47%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.11%	18.66%	-2.55%

Volatility

BUG vs. IGV - Volatility Comparison

Global X Cybersecurity ETF (BUG) has a higher volatility of 9.49% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 8.00%. This indicates that BUG's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUG	IGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.49%	8.00%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	27.35%	25.33%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	31.89%	28.74%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.81%	28.10%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.40%	26.41%	+2.99%

BUG vs. IGV - Expense Ratio Comparison

BUG has a 0.50% expense ratio, which is higher than IGV's 0.39% expense ratio.

Dividends

BUG vs. IGV - Dividend Comparison

BUG's dividend yield for the trailing twelve months is around 0.03%, more than IGV's 0.02% 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%
IGV iShares Expanded Tech-Software Sector ETF	0.02%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%

Frequently Asked Questions

Can I hold both BUG and IGV in my portfolio?

BUG and IGV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUG or IGV?

BUG has higher volatility (9.49%) compared to IGV (8.00%). In terms of maximum drawdown, BUG dropped -41.66% vs IGV's -63.45%.

Which ETF is better, BUG or IGV?

On 5-year performance, BUG leads with 6.80% vs 3.38% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUG or IGV?

Over the 5-year period, BUG has performed better with a 6.80% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUG or IGV?

IGV is cheaper with a 0.39% expense ratio, compared with 0.50% for BUG.

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

BUG and IGV have nearly identical dividend yields, around 0.03%.

What is the main difference between BUG and IGV?

BUG tracks Indxx Cybersecurity Index, while IGV tracks S&P North American Expanded Technology Software Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for BUG and 0.39% for IGV.

Which has better risk-adjusted returns?

BUG currently has the higher Sharpe Ratio (0.44 vs -0.48), 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.