DMAD.L vs. BUGG.L

Last updated Jul 16, 2026

DMAD.L (Global X Disruptive Materials UCITS ETF USD (Dist)) and BUGG.L (Global X Cybersecurity UCITS ETF USD Accumulating) are both exchange-traded funds - DMAD.L is a Commodity Producers Equities fund tracking the Solactive Disruptive Materials V2 Index, while BUGG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, DMAD.L returned 12.17%/yr vs 19.10%/yr for BUGG.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

DMAD.L vs. BUGG.L - Performance Comparison

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

Returns By Period

In the year-to-date period, DMAD.L achieves a -3.50% return, which is significantly lower than BUGG.L's 36.55% return.

DMAD.L

• 1D: -1.99%
• 1M: -17.67%
• 6M: -16.23%
• YTD: -3.50%
• 1Y: 52.53%
• 3Y*: 12.17%
• 5Y*: —
• 10Y*: —

BUGG.L

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

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

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

	2026 (YTD)	2025	2024	2023	2022
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist)	-3.50%	83.26%	-5.93%	-23.95%	-12.91%
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating	36.55%	-11.39%	11.20%	36.05%	-21.07%

Correlation

The correlation between DMAD.L and BUGG.L is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.23

The correlation between DMAD.L and BUGG.L shifts across timeframes, from 0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

DMAD.L

DMAD.L Risk / Return Rank: 49
DMAD.L Sharpe Ratio Rank: 57
DMAD.L Sortino Ratio Rank: 50
DMAD.L Omega Ratio Rank: 48
DMAD.L Calmar Ratio Rank: 48
DMAD.L Martin Ratio Rank: 41

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) and Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.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.

	DMAD.L	BUGG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.55	0.59	+0.95
Sortino ratio: Return per unit of downside risk	2.04	1.01	+1.03
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio: Return relative to maximum drawdown	1.98	0.52	+1.46
Martin ratio: Return relative to average drawdown	5.38	1.12	+4.26

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

The current DMAD.L Sharpe Ratio is 1.55, which is higher than the BUGG.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of DMAD.L and BUGG.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

DMAD.L vs. BUGG.L - Drawdown Comparison

The maximum DMAD.L drawdown since its inception was -47.80%, smaller than the maximum BUGG.L drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for DMAD.L and BUGG.L.

Drawdown Indicators

	DMAD.L	BUGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.80%	-50.67%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	-26.86%	-35.79%	+8.93%
Max Drawdown (3Y) Largest decline over 3 years	-34.78%	-40.14%	+5.36%
Current Drawdown Current decline from peak	-26.86%	-7.25%	-19.61%
Average Drawdown Average peak-to-trough decline	-24.26%	-33.23%	+8.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.93%	16.76%	-6.83%

Volatility

DMAD.L vs. BUGG.L - Volatility Comparison

The current volatility for Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) is 9.63%, while Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) has a volatility of 10.39%. This indicates that DMAD.L experiences smaller price fluctuations and is considered to be less risky than BUGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMAD.L	BUGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.63%	10.39%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	28.03%	28.47%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	34.51%	31.83%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.20%	29.84%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.20%	29.84%	-0.64%

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

Both DMAD.L and BUGG.L have an expense ratio of 0.50%.

Dividends

DMAD.L vs. BUGG.L - Dividend Comparison

DMAD.L's dividend yield for the trailing twelve months is around 0.91%, while BUGG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist)	0.91%	0.74%	2.38%	1.32%

Frequently Asked Questions

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

DMAD.L and BUGG.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

DMAD.L and BUGG.L have the same expense ratio: 0.50% per year.

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

DMAD.L is categorized as Commodity Producers Equities, while BUGG.L is Technology Equities. DMAD.L tracks Solactive Disruptive Materials V2 Index, while BUGG.L tracks MSCI World/Information Tech NR USD.