BUG
Global X Cybersecurity ETF
BUG tracks a modified market-cap-weighted global index of companies selected on the basis of revenue related to cybersecurity activities.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
934.8 M
ASSETS UNDER MGMT
51 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 25, 2019 |
| Assets (mns) | $935 |
| Expense ratio | 51 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 7.2 % |
| CHECK POINT SOFTWARE TECH | 7.1 % |
| FORTINET INC | 7.0 % |
| ZSCALER, INC. | 6.3 % |
| DIGITAL ARTS INC. | 6.0 % |
| OKTA, INC. CLASS A | 5.8 % |
| AHNLAB INC | 5.6 % |
| TREND MICRO INC | 5.6 % |
| PALO ALTO NETWORKS INC | 5.3 % |
| CYBERARK SOFTWARE LTD. | 5.0 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 520 |
| Wgt avg mkt cap (mns) | $22,646 |
| Large cap (>$10bn) | 51.8% |
| Mid cap ($2-10bn) | 16.9% |
| Small cap (<$2bn) | 31.3% |
| Developed mkts. | 95.6% |
| Emerging mkts. | 4.4% |
Country Exposure
 |
UNITED STATES | 62.8 % |
 |
ISRAEL | 16.1 % |
 |
JAPAN | 15.4 % |
 |
SOUTH KOREA | 5.6 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.7% | 20.9% | 26.1% | 5.2% | 14.9% | -- | -- | 15.1% |
| Dividend Yield | 0.0% | 0.0% | 0.1% | 0.6% | 0.7% | -- | -- | 0.7% |
| Total Returns | 5.7% | 20.9% | 26.1% | 5.8% | 15.6% | -- | -- | 15.8% | Ann. Volatility | 32.6% | 24.8% | 24.1% | 28.3% | 28.5% | -- | -- | 29.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 35% |
| MSCI EAFE | 0.41 | 9% |
| MSCI Emg Mkts | 0.34 | 6% |
Liquidity Measures
| Avg. volume (000) | 436 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $3,076 |
Technical Indicators
| Recent close | $33.92 |
| 30d moving avg. | $32.61 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BUG |
Expenses vs. BUG |
ALTAR Score™ vs. BUG |
|---|---|---|---|---|
| SPAM | Themes Cybersecurity ETF | 63.3% | -16 bp | -0.7% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 58.7% | +9 bp | +0.3% |
| WCBR | WisdomTree Cybersecurity Fund | 55.2% | -6 bp | -0.8% |
| IHAK | iShares Cybersecurity & Tech ETF | 53.3% | -4 bp | +0.9% |
| CIBR | First Trust NASDAQ Cybersecurity ETF | 45.1% | +9 bp | +1.4% |
| FITE | SPDR S&P Kensho Future Security ETF | 24.1% | -6 bp | 0.0% |
| WFH | Direxion Work From Home ETF | 19.0% | -6 bp | +1.8% |
| ITEQ | BlueStar Israel Technology ETF | 18.6% | +24 bp | -0.6% |
| TRFK | Pacer Data and Digital Revolution ETF | 17.3% | +9 bp | +1.2% |
| CLOD | Themes Cloud Computing ETF | 15.7% | -16 bp | +0.5% |
Risk and Returns: BUG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BUG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
BUG
2.7%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.0%. BUG's ALTAR Score™ is approximately
2.5 standard deviations
below
the category average. This places BUG in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BUGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| BUG (51 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BUG | 51.0 | 22.3 | 73.3 |
| Peer Avg. | 55.4 | 62.5 | 117.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .