RNRU.L vs. BUGG.L

Last updated Jun 5, 2026

RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and BUGG.L (Global X Cybersecurity UCITS ETF USD Accumulating) are both exchange-traded funds - RNRU.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, 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, RNRU.L returned 2.64%/yr vs 12.51%/yr for BUGG.L. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

RNRU.L vs. BUGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.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

The year-to-date returns for both stocks are quite close, with RNRU.L having a 19.04% return and BUGG.L slightly lower at 18.95%.

RNRU.L

• 1D: -2.01%
• 1M: -0.85%
• YTD: 19.04%
• 6M: 18.52%
• 1Y: 50.49%
• 3Y*: 2.64%
• 5Y*: —
• 10Y*: —

BUGG.L

• 1D: -1.62%
• 1M: 33.54%
• YTD: 18.95%
• 6M: 12.01%
• 1Y: 2.23%
• 3Y*: 12.51%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating	19.04%	24.83%	-21.90%	-19.50%	-0.25%	-2.90%
BUGG.L Global X Cybersecurity UCITS ETF USD Accumulating	18.95%	-11.39%	11.20%	36.05%	-27.30%	1.89%

Correlation

The correlation between RNRU.L and BUGG.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.30

The correlation between RNRU.L and BUGG.L shifts across timeframes, from 0.15 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

RNRU.L

RNRU.L Risk / Return Rank: 91
RNRU.L Sharpe Ratio Rank: 91
RNRU.L Sortino Ratio Rank: 90
RNRU.L Omega Ratio Rank: 86
RNRU.L Calmar Ratio Rank: 96
RNRU.L Martin Ratio Rank: 95

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.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.

	RNRU.L	BUGG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.13	0.09	+3.04
Sortino ratio: Return per unit of downside risk	4.17	0.34	+3.83
Omega ratio: Gain probability vs. loss probability	1.52	1.05	+0.47
Calmar ratio: Return relative to maximum drawdown	8.92	0.08	+8.84
Martin ratio: Return relative to average drawdown	29.05	0.17	+28.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current RNRU.L Sharpe Ratio is 3.13, which is higher than the BUGG.L Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of RNRU.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.

Sharpe Ratios by Period

	RNRU.L	BUGG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.13	0.09	+3.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.07	-0.19

Drawdowns

RNRU.L vs. BUGG.L - Drawdown Comparison

The maximum RNRU.L drawdown since its inception was -53.53%, which is greater than BUGG.L's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for RNRU.L and BUGG.L.

Drawdown Indicators

	RNRU.L	BUGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.53%	-40.14%	-13.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-36.02%	+30.46%
Max Drawdown (3Y) Largest decline over 3 years	-37.25%	-40.14%	+2.89%
Current Drawdown Current decline from peak	-20.48%	-6.67%	-13.81%
Average Drawdown Average peak-to-trough decline	-29.04%	-15.07%	-13.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	16.98%	-15.27%

Volatility

RNRU.L vs. BUGG.L - Volatility Comparison

The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 5.73%, while Global X Cybersecurity UCITS ETF USD Accumulating (BUGG.L) has a volatility of 14.26%. This indicates that RNRU.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

	RNRU.L	BUGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	14.26%	-8.53%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	26.41%	-14.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	29.70%	-13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	30.35%	-12.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	30.35%	-12.00%

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

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

Dividends

RNRU.L vs. BUGG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

RNRU.L and BUGG.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

RNRU.L is categorized as Energy Equities, while BUGG.L is Technology Equities. RNRU.L tracks S&P Global Clean Energy TR USD, while BUGG.L tracks MSCI World/Information Tech NR USD.