PSWD vs. BUG

Last updated Jul 14, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and BUG (Global X Cybersecurity ETF) are both Technology Equities funds - PSWD tracks the Solactive Cyber Security ESG Screened Index while BUG tracks the Indxx Cybersecurity Index. Both are passively managed. Over the past 3 years, PSWD returned 20.08%/yr vs 18.33%/yr for BUG. Their correlation of 0.93 suggests significant overlap in exposure. PSWD charges 0.20%/yr vs 0.50%/yr for BUG.

Performance

PSWD vs. BUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Global X Cybersecurity ETF (BUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PSWD having a 29.56% return and BUG slightly higher at 30.14%.

PSWD

• 1D: 0.34%
• 1M: 12.87%
• 6M: 25.45%
• YTD: 29.56%
• 1Y: 21.93%
• 3Y*: 20.08%
• 5Y*: —
• 10Y*: —

BUG

• 1D: 0.69%
• 1M: 16.21%
• 6M: 28.99%
• YTD: 30.14%
• 1Y: 14.02%
• 3Y*: 18.33%
• 5Y*: 6.80%
• 10Y*: —

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

PSWD vs. BUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	29.56%	1.69%	9.46%	18.58%
BUG Global X Cybersecurity ETF	30.14%	-5.04%	9.59%	23.69%

Correlation

The correlation between PSWD and BUG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.93

The correlation between PSWD and BUG has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

PSWD vs. BUG - Sectors Allocation Comparison

Sectors	PSWD	BUG
Technology	97.8%	100.0%
Industrials	1.2%	-
Real Estate	0.5%	-
Communication Services	0.1%	0.0%
Financial Services	0.1%	-
Consumer Cyclical	0.1%	0.0%
Healthcare	0.1%	0.0%
Consumer Defensive	0.0%	0.0%
Energy	0.0%	-
Basic Materials	0.0%	-
Utilities	0.0%	-

Return for Risk

PSWD vs. BUG — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 26
PSWD Sharpe Ratio Rank: 28
PSWD Sortino Ratio Rank: 27
PSWD Omega Ratio Rank: 28
PSWD Calmar Ratio Rank: 24
PSWD Martin Ratio Rank: 22

BUG

BUG Risk / Return Rank: 16
BUG Sharpe Ratio Rank: 17
BUG Sortino Ratio Rank: 18
BUG Omega Ratio Rank: 18
BUG Calmar Ratio Rank: 15
BUG Martin Ratio Rank: 14

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.

PSWD vs. BUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Global X Cybersecurity ETF (BUG). 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.

	PSWD	BUG	Difference
Sharpe ratio: Return per unit of total volatility	0.83	0.44	+0.39
Sortino ratio: Return per unit of downside risk	1.25	0.81	+0.44
Omega ratio: Gain probability vs. loss probability	1.16	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	0.93	0.40	+0.53
Martin ratio: Return relative to average drawdown	2.09	0.87	+1.22

PSWD vs. BUG - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.83, which is higher than the BUG Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of PSWD and BUG, 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

PSWD vs. BUG - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum BUG drawdown of -41.66%. Use the drawdown chart below to compare losses from any high point for PSWD and BUG.

Drawdown Indicators

	PSWD	BUG	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-41.66%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-35.16%	+11.46%
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	-37.69%	+13.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.66%	—
Current Drawdown Current decline from peak	-2.68%	-2.96%	+0.28%
Average Drawdown Average peak-to-trough decline	-6.44%	-14.30%	+7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.51%	16.11%	-5.60%

Volatility

PSWD vs. BUG - Volatility Comparison

The current volatility for Xtrackers Cybersecurity Select Equity ETF (PSWD) is 8.09%, while Global X Cybersecurity ETF (BUG) has a volatility of 9.49%. This indicates that PSWD experiences smaller price fluctuations and is considered to be less risky than BUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSWD	BUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.49%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	22.60%	27.35%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	26.55%	31.89%	-5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.92%	28.81%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	29.40%	-5.48%

PSWD vs. BUG - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than BUG's 0.50% expense ratio.

Dividends

PSWD vs. BUG - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.60%, more than BUG's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUG Global X Cybersecurity ETF	0.03%	0.04%	0.09%	0.10%	1.56%	0.66%	0.46%	0.24%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.60%	0.88%	1.49%	0.55%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSWD and BUG in my portfolio?

With a correlation of 0.93, PSWD and BUG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PSWD or BUG?

BUG has higher volatility (9.49%) compared to PSWD (8.09%). In terms of maximum drawdown, PSWD dropped -23.70% vs BUG's -41.66%.

Which ETF is better, PSWD or BUG?

On 3-year performance, PSWD leads with 20.08% vs 18.33% for BUG. On fees, PSWD is cheaper at 0.20% per year. On volatility, PSWD has been the lower-risk option at 8.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or BUG?

Over the 3-year period, PSWD has performed better with a 20.08% return vs 18.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or BUG?

PSWD is cheaper with a 0.20% expense ratio, compared with 0.50% for BUG.

Which ETF pays a higher dividend yield, PSWD or BUG?

PSWD has the higher dividend yield at 0.60%, compared with 0.03% for BUG.

What is the main difference between PSWD and BUG?

PSWD tracks Solactive Cyber Security ESG Screened Index, while BUG tracks Indxx Cybersecurity Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.20% for PSWD and 0.50% for BUG.

Which has better risk-adjusted returns?

PSWD currently has the higher Sharpe Ratio (0.83 vs 0.44), 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.