BUGG.L vs. COPX.L

Last updated Jul 16, 2026

BUGG.L (Global X Cybersecurity UCITS ETF USD Accumulating) and COPX.L (Global X Copper Miners UCITS ETF USD (Acc)) are both exchange-traded funds - BUGG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while COPX.L is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, BUGG.L returned 19.10%/yr vs 26.54%/yr for COPX.L. At a 0.25 correlation, their price movements are largely independent. BUGG.L charges 0.50%/yr vs 0.55%/yr for COPX.L.

Performance

BUGG.L vs. COPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) and Global X Copper Miners UCITS ETF USD (Acc) (COPX.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BUGG.L is traded in GBP, while COPX.L is traded in USD. To make them comparable, the COPX.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, BUGG.L achieves a 36.55% return, which is significantly higher than COPX.L's 7.14% return.

BUGG.L

• 1D: 0.00%
• 1M: 21.10%
• 6M: 38.36%
• YTD: 36.55%
• 1Y: 18.71%
• 3Y*: 19.10%
• 5Y*: —
• 10Y*: —

COPX.L

• 1D: 0.00%
• 1M: -14.85%
• 6M: -5.87%
• YTD: 7.14%
• 1Y: 77.68%
• 3Y*: 26.54%
• 5Y*: —
• 10Y*: —

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

BUGG.L vs. COPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating	36.55%	-11.39%	11.20%	36.05%	-27.09%	-5.72%
COPX.L Global X Copper Miners UCITS ETF USD (Acc)	7.14%	81.18%	3.91%	3.59%	12.52%	0.97%

Correlation

The correlation between BUGG.L and COPX.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.25

Over the past year, the correlation between BUGG.L and COPX.L has dropped to 0.05 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

BUGG.L vs. COPX.L — Risk / Return Rank

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

BUGG.L

BUGG.L Risk / Return Rank: 19
BUGG.L Sharpe Ratio Rank: 21
BUGG.L Sortino Ratio Rank: 21
BUGG.L Omega Ratio Rank: 23
BUGG.L Calmar Ratio Rank: 17
BUGG.L Martin Ratio Rank: 15

COPX.L

COPX.L Risk / Return Rank: 61
COPX.L Sharpe Ratio Rank: 67
COPX.L Sortino Ratio Rank: 61
COPX.L Omega Ratio Rank: 54
COPX.L Calmar Ratio Rank: 69
COPX.L Martin Ratio Rank: 53

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.

BUGG.L vs. COPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) and Global X Copper Miners UCITS ETF USD (Acc) (COPX.L). 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.

	BUGG.L	COPX.L	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.83	-1.24
Sortino ratio: Return per unit of downside risk	1.01	2.39	-1.38
Omega ratio: Gain probability vs. loss probability	1.14	1.29	-0.15
Calmar ratio: Return relative to maximum drawdown	0.52	2.91	-2.39
Martin ratio: Return relative to average drawdown	1.12	7.78	-6.66

BUGG.L vs. COPX.L - Sharpe Ratio Comparison

The current BUGG.L Sharpe Ratio is 0.59, which is lower than the COPX.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BUGG.L and COPX.L, 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

BUGG.L vs. COPX.L - Drawdown Comparison

The maximum BUGG.L drawdown since its inception was -50.67%, which is greater than COPX.L's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for BUGG.L and COPX.L.

Drawdown Indicators

	BUGG.L	COPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.67%	-38.53%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-35.79%	-26.66%	-9.13%
Max Drawdown (3Y) Largest decline over 3 years	-40.14%	-38.53%	-1.61%
Current Drawdown Current decline from peak	-7.25%	-19.53%	+12.28%
Average Drawdown Average peak-to-trough decline	-33.23%	-13.70%	-19.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.76%	10.00%	+6.76%

Volatility

BUGG.L vs. COPX.L - Volatility Comparison

The current volatility for Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) is 10.39%, while Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) has a volatility of 13.16%. This indicates that BUGG.L experiences smaller price fluctuations and is considered to be less risky than COPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUGG.L	COPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.39%	13.16%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	28.47%	36.68%	-8.21%
Volatility (1Y) Calculated over the trailing 1-year period	31.83%	42.33%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.84%	34.83%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.84%	34.83%	-4.99%

BUGG.L vs. COPX.L - Expense Ratio Comparison

BUGG.L has a 0.50% expense ratio, which is lower than COPX.L's 0.55% expense ratio.

Dividends

BUGG.L vs. COPX.L - Dividend Comparison

Neither BUGG.L nor COPX.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BUGG.L and COPX.L in my portfolio?

BUGG.L and COPX.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUGG.L or COPX.L?

On fees, BUGG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BUGG.L or COPX.L?

BUGG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for COPX.L.

What is the main difference between BUGG.L and COPX.L?

BUGG.L is categorized as Technology Equities, while COPX.L is Copper. BUGG.L tracks MSCI World/Information Tech NR USD, while COPX.L tracks Solactive Global Copper Miners v2 Index. Their fees differ too: 0.50% for BUGG.L and 0.55% for COPX.L.