BUG vs. MSFT

Last updated Jun 14, 2026

BUG (Global X Cybersecurity ETF) is Technology Equities fund tracking the Indxx Cybersecurity Index, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, BUG returned 4.13%/yr vs 9.56%/yr for MSFT. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

BUG vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cybersecurity ETF (BUG) and Microsoft Corporation (MSFT). 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 higher than MSFT's -18.85% return.

BUG

• 1D: -0.12%
• 1M: 7.70%
• YTD: 11.98%
• 6M: 6.60%
• 1Y: -4.42%
• 3Y*: 11.66%
• 5Y*: 4.13%
• 10Y*: —

MSFT

• 1D: 0.10%
• 1M: -7.19%
• YTD: -18.85%
• 6M: -17.98%
• 1Y: -17.07%
• 3Y*: 6.16%
• 5Y*: 9.56%
• 10Y*: 24.39%

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

BUG vs. MSFT - 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%
MSFT Microsoft Corporation	-18.85%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	9.42%

Correlation

The correlation between BUG and MSFT is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.60

The correlation between BUG and MSFT has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.

Return for Risk

BUG vs. MSFT — 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

MSFT

MSFT Risk / Return Rank: 17
MSFT Sharpe Ratio Rank: 13
MSFT Sortino Ratio Rank: 15
MSFT Omega Ratio Rank: 14
MSFT Calmar Ratio Rank: 24
MSFT Martin Ratio Rank: 20

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. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) and Microsoft Corporation (MSFT). 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	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	-0.70	+0.53
Sortino ratio: Return per unit of downside risk	-0.03	-0.84	+0.81
Omega ratio: Gain probability vs. loss probability	1.00	0.89	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.14	-0.53	+0.38
Martin ratio: Return relative to average drawdown	-0.29	-1.08	+0.79

BUG vs. MSFT - Sharpe Ratio Comparison

The current BUG Sharpe Ratio is -0.17, which is higher than the MSFT Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of BUG and MSFT, 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. MSFT - Drawdown Comparison

The maximum BUG drawdown since its inception was -41.66%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for BUG and MSFT.

Drawdown Indicators

	BUG	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-69.38%	+27.72%
Max Drawdown (1Y) Largest decline over 1 year	-37.69%	-33.91%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-37.69%	-33.91%	-3.78%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-37.15%	-4.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-11.52%	-27.46%	+15.94%
Average Drawdown Average peak-to-trough decline	-14.39%	-21.78%	+7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.44%	16.48%	+1.96%

Volatility

BUG vs. MSFT - Volatility Comparison

Global X Cybersecurity ETF (BUG) has a higher volatility of 14.21% compared to Microsoft Corporation (MSFT) at 10.52%. This indicates that BUG's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUG	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.21%	10.52%	+3.69%
Volatility (6M) Calculated over the trailing 6-month period	26.24%	22.31%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	31.11%	25.42%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.51%	26.66%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.32%	27.06%	+2.26%

Dividends

BUG vs. MSFT - Dividend Comparison

BUG's dividend yield for the trailing twelve months is around 0.03%, less than MSFT's 0.91% 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%
MSFT Microsoft Corporation	0.91%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%

Frequently Asked Questions

Can I hold both BUG and MSFT in my portfolio?

BUG and MSFT have a correlation of 0.52, 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 MSFT?

BUG has higher volatility (14.21%) compared to MSFT (10.52%). In terms of maximum drawdown, BUG dropped -41.66% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

BUG currently has the higher Sharpe Ratio (-0.17 vs -0.70), 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.