BUGG.L vs. XFSN.L

Last updated Jun 5, 2026

BUGG.L (Global X Cybersecurity UCITS ETF USD Accumulating) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and DWS respectively. Both are passively managed. Over the past 3 years, BUGG.L returned 12.51%/yr vs 13.55%/yr for XFSN.L. A 0.67 correlation means they provide meaningful diversification when combined. BUGG.L charges 0.50%/yr vs 0.35%/yr for XFSN.L.

Performance

BUGG.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUGG.L achieves a 18.95% return, which is significantly higher than XFSN.L's -3.47% return.

BUGG.L

• 1D: -1.62%
• 1M: 32.12%
• YTD: 18.95%
• 6M: 13.63%
• 1Y: 2.82%
• 3Y*: 12.51%
• 5Y*: —
• 10Y*: —

XFSN.L

• 1D: -2.16%
• 1M: 6.48%
• YTD: -3.47%
• 6M: -4.83%
• 1Y: -1.28%
• 3Y*: 13.55%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating	18.95%	-11.39%	11.20%	36.05%	-22.16%
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C	-3.47%	2.93%	34.89%	21.37%	-7.30%

Correlation

The correlation between BUGG.L and XFSN.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022	0.67

The correlation between BUGG.L and XFSN.L has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

Return for Risk

BUGG.L vs. XFSN.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: 11
BUGG.L Sharpe Ratio Rank: 11
BUGG.L Sortino Ratio Rank: 11
BUGG.L Omega Ratio Rank: 12
BUGG.L Calmar Ratio Rank: 10
BUGG.L Martin Ratio Rank: 10

XFSN.L

XFSN.L Risk / Return Rank: 8
XFSN.L Sharpe Ratio Rank: 8
XFSN.L Sortino Ratio Rank: 8
XFSN.L Omega Ratio Rank: 8
XFSN.L Calmar Ratio Rank: 8
XFSN.L Martin Ratio Rank: 8

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. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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.

	BUGG.L	XFSN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.09	-0.08	+0.18
Sortino ratio: Return per unit of downside risk	0.34	-0.01	+0.34
Omega ratio: Gain probability vs. loss probability	1.05	1.00	+0.05
Calmar ratio: Return relative to maximum drawdown	0.08	-0.05	+0.13
Martin ratio: Return relative to average drawdown	0.17	-0.11	+0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BUGG.L Sharpe Ratio is 0.09, which is higher than the XFSN.L Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of BUGG.L and XFSN.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.

Sharpe Ratios by Period

	BUGG.L	XFSN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	-0.08	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.60	-0.54

Drawdowns

BUGG.L vs. XFSN.L - Drawdown Comparison

The maximum BUGG.L drawdown since its inception was -40.14%, which is greater than XFSN.L's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for BUGG.L and XFSN.L.

Drawdown Indicators

	BUGG.L	XFSN.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-23.96%	-16.18%
Max Drawdown (1Y) Largest decline over 1 year	-36.02%	-23.96%	-12.06%
Max Drawdown (3Y) Largest decline over 3 years	-40.14%	-23.96%	-16.18%
Current Drawdown Current decline from peak	-6.67%	-12.12%	+5.45%
Average Drawdown Average peak-to-trough decline	-15.07%	-6.18%	-8.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.98%	11.36%	+5.62%

Volatility

BUGG.L vs. XFSN.L - Volatility Comparison

Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) has a higher volatility of 14.26% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.25%. This indicates that BUGG.L's price experiences larger fluctuations and is considered to be riskier than XFSN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUGG.L	XFSN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.26%	4.25%	+10.01%
Volatility (6M) Calculated over the trailing 6-month period	26.41%	11.65%	+14.76%
Volatility (1Y) Calculated over the trailing 1-year period	29.70%	15.60%	+14.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.35%	18.55%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.35%	18.55%	+11.80%

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

BUGG.L has a 0.50% expense ratio, which is higher than XFSN.L's 0.35% expense ratio.

Dividends

BUGG.L vs. XFSN.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

BUGG.L and XFSN.L have a correlation of 0.65, 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 XFSN.L?

On fees, XFSN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XFSN.L is cheaper with a 0.35% expense ratio, compared with 0.50% for BUGG.L.

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

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and DWS. Their fees differ too: 0.50% for BUGG.L and 0.35% for XFSN.L.