RAYZ.L vs. BUGG.L
RAYZ.L (Global X Solar UCITS ETF) and BUGG.L (Global X Cybersecurity UCITS ETF USD Accumulating) are both exchange-traded funds - RAYZ.L is a Global Equities fund tracking the Global X Solar UCITS ETF, 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, RAYZ.L returned -11.91%/yr vs 19.97%/yr for BUGG.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
RAYZ.L vs. BUGG.L - Performance Comparison
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Different Trading Currencies
RAYZ.L is traded in USD, while BUGG.L is traded in GBP. To make them comparable, the BUGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RAYZ.L achieves a -8.49% return, which is significantly lower than BUGG.L's 35.79% return.
RAYZ.L
- 1D
- -1.55%
- 1M
- -17.91%
- 6M
- -13.34%
- YTD
- -8.49%
- 1Y
- 23.69%
- 3Y*
- -11.91%
- 5Y*
- —
- 10Y*
- —
BUGG.L
- 1D
- 0.00%
- 1M
- 20.81%
- 6M
- 37.76%
- YTD
- 35.79%
- 1Y
- 18.72%
- 3Y*
- 19.97%
- 5Y*
- —
- 10Y*
- —
RAYZ.L vs. BUGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYZ.L Global X Solar UCITS ETF | -8.49% | 39.95% | -28.16% | -32.65% | 4.13% |
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating | 35.79% | -4.71% | 9.35% | 43.23% | -29.53% |
Correlation
The correlation between RAYZ.L and BUGG.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.31 |
The correlation between RAYZ.L and BUGG.L shifts across timeframes, from 0.16 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RAYZ.L vs. BUGG.L — Risk / Return Rank
RAYZ.L
BUGG.L
RAYZ.L vs. BUGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF (RAYZ.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.
| RAYZ.L | BUGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.54 | +0.31 |
| Martin ratioReturn relative to average drawdown | 2.86 | 1.16 | +1.70 |
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Drawdowns
RAYZ.L vs. BUGG.L - Drawdown Comparison
The maximum RAYZ.L drawdown since its inception was -69.13%, which is greater than BUGG.L's maximum drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for RAYZ.L and BUGG.L.
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Drawdown Indicators
| RAYZ.L | BUGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -55.50% | -13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -34.90% | +5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -57.14% | -36.84% | -20.30% |
Current DrawdownCurrent decline from peak | -51.07% | -7.57% | -43.50% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -36.23% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 16.15% | -7.40% |
Volatility
RAYZ.L vs. BUGG.L - Volatility Comparison
Global X Solar UCITS ETF (RAYZ.L) and Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) have volatilities of 11.41% and 10.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAYZ.L | BUGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 10.97% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 28.64% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.21% | 32.07% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.23% | 30.95% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 30.95% | +3.28% |
RAYZ.L vs. BUGG.L - Expense Ratio Comparison
Both RAYZ.L and BUGG.L have an expense ratio of 0.50%.
Dividends
RAYZ.L vs. BUGG.L - Dividend Comparison
Neither RAYZ.L nor BUGG.L has paid dividends to shareholders.
Frequently Asked Questions
RAYZ.L and BUGG.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RAYZ.L and BUGG.L have the same expense ratio: 0.50% per year.
RAYZ.L is categorized as Global Equities, while BUGG.L is Technology Equities. RAYZ.L tracks Global X Solar UCITS ETF, while BUGG.L tracks MSCI World/Information Tech NR USD.
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