PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BUG vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BUG vs. SPY

Last updated Jun 4, 2026

BUG (Global X Cybersecurity ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - BUG is a Technology Equities fund tracking the Indxx Cybersecurity Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BUG returned 6.86%/yr vs 13.83%/yr for SPY. A 0.64 correlation means they provide meaningful diversification when combined. BUG charges 0.50%/yr vs 0.09%/yr for SPY.

Performance

BUG vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cybersecurity ETF (BUG) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BUG achieves a 20.72% return, which is significantly higher than SPY's 10.91% return.

BUG

1D
-4.04%
1M
33.08%
YTD
20.72%
6M
15.17%
1Y
2.89%
3Y*
15.82%
5Y*
6.86%
10Y*
—

SPY

1D
-0.70%
1M
5.05%
YTD
10.91%
6M
10.91%
1Y
27.98%
3Y*
22.35%
5Y*
13.83%
10Y*
15.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BUG vs. SPY - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
BUG
Global X Cybersecurity ETF		20.72%-5.04%9.59%41.40%-33.63%13.24%70.83%6.55%
SPY
State Street SPDR S&P 500 ETF		10.91%17.72%24.89%26.18%-18.18%28.73%18.33%6.63%

Correlation

The correlation between BUG and SPY is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2019

0.64

The correlation between BUG and SPY shifts across timeframes, from 0.48 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

BUG vs. SPY - Sectors Allocation Comparison

Sectors
BUG
SPY

Technology

99.9%
35.9%

Communication Services

0.0%
11.3%

Consumer Cyclical

0.0%
10.3%

Consumer Defensive

0.0%
4.8%

Healthcare

0.0%
8.4%

Basic Materials

-

1.8%

Energy

-

3.6%

Financial Services

-

11.8%

Industrials

-

7.8%

Real Estate

-

1.9%

Utilities

-

2.4%

Technology

BUG
99.9%
SPY
35.9%

Communication Services

BUG
0.0%
SPY
11.3%

Consumer Cyclical

BUG
0.0%
SPY
10.3%

Consumer Defensive

BUG
0.0%
SPY
4.8%

Healthcare

BUG
0.0%
SPY
8.4%

Basic Materials

BUG

-

SPY
1.8%

Energy

BUG

-

SPY
3.6%

Financial Services

BUG

-

SPY
11.8%

Industrials

BUG

-

SPY
7.8%

Real Estate

BUG

-

SPY
1.9%

Utilities

BUG

-

SPY
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Cybersecurity ETF

State Street SPDR S&P 500 ETF

Often compared with BUG:
BUG vs. CIBRBUG vs. HACKBUG vs. IHAKBUG vs. WCBRBUG vs. BUGG.LBUG vs. IGVBUG vs. SKYY
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

BUG vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BUG
BUG Risk / Return Rank: 1010
Overall Rank
BUG Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
BUG Sortino Ratio Rank: 1010
Sortino Ratio Rank
BUG Omega Ratio Rank: 1010
Omega Ratio Rank
BUG Calmar Ratio Rank: 99
Calmar Ratio Rank
BUG Martin Ratio Rank: 99
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7070
Overall Rank
SPY Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPY Omega Ratio Rank: 7070
Omega Ratio Rank
SPY Calmar Ratio Rank: 6262
Calmar Ratio Rank
SPY Martin Ratio Rank: 7575
Martin Ratio Rank
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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) and State Street SPDR S&P 500 ETF (SPY). 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.

BUGSPYDifference
Sharpe ratioReturn per unit of total volatility
0.09
2.38

-2.28

Sortino ratioReturn per unit of downside risk
0.34
3.24

-2.90

Omega ratioGain probability vs. loss probability

1.04

1.43

-0.39

Calmar ratioReturn relative to maximum drawdown

0.08

3.16

-3.09

Martin ratioReturn relative to average drawdown

0.16

14.72

-14.56

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 vs. SPY - Sharpe Ratio Comparison

The current BUG Sharpe Ratio is 0.09, which is lower than the SPY Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of BUG and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BUGSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.09

2.38

-2.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.82

-0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.59

-0.09

Drawdowns

BUG vs. SPY - Drawdown Comparison

The maximum BUG drawdown since its inception was -41.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BUG and SPY.

Loading charts...

Drawdown Indicators

BUGSPYDifference

Max Drawdown

Largest peak-to-trough decline

-41.66%

-55.19%

+13.53%

Max Drawdown (1Y)

Largest decline over 1 year

-37.69%

-8.88%

-28.81%

Max Drawdown (3Y)

Largest decline over 3 years

-37.69%

-18.76%

-18.93%

Max Drawdown (5Y)

Largest decline over 5 years

-41.66%

-24.50%

-17.16%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.72%

—

Current Drawdown

Current decline from peak

-4.62%

-0.70%

-3.92%

Average Drawdown

Average peak-to-trough decline

-14.42%

-9.05%

-5.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.36%

1.91%

+16.45%

Volatility

BUG vs. SPY - Volatility Comparison

Global X Cybersecurity ETF (BUG) has a higher volatility of 14.07% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. This indicates that BUG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BUGSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.07%

2.84%

+11.23%

Volatility (6M)

Calculated over the trailing 6-month period

25.81%

8.90%

+16.91%

Volatility (1Y)

Calculated over the trailing 1-year period

30.78%

11.83%

+18.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.47%

17.05%

+11.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.33%

17.94%

+11.39%

BUG vs. SPY - Expense Ratio Comparison

BUG has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

BUG vs. SPY - Dividend Comparison

BUG's dividend yield for the trailing twelve months is around 0.03%, less than SPY's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SPY
State Street SPDR S&P 500 ETF		0.98%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

BUG and SPY have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BUG has higher volatility (14.07%) compared to SPY (2.84%). In terms of maximum drawdown, BUG dropped -41.66% vs SPY's -55.19%.

On 5-year performance, SPY leads with 13.83% vs 6.86% for BUG. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SPY has performed better with a 13.83% return vs 6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPY is cheaper with a 0.09% expense ratio, compared with 0.50% for BUG.

SPY has the higher dividend yield at 0.98%, compared with 0.03% for BUG.

BUG is categorized as Technology Equities, while SPY is S&P 500. BUG tracks Indxx Cybersecurity Index, while SPY tracks S&P 500 Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for BUG and 0.09% for SPY.

SPY currently has the higher Sharpe Ratio (2.38 vs 0.09), 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.

Portfolio Optimizer

Find the right allocation for BUG and SPY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer