CIBR.L vs. SHLD.L
CIBR.L (First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - CIBR.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, CIBR.L returned 13.49%/yr vs 9.10%/yr for SHLD.L. Their correlation of 0.89 suggests significant overlap in exposure. CIBR.L charges 0.60%/yr vs 0.40%/yr for SHLD.L.
Performance
CIBR.L vs. SHLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, CIBR.L achieves a 28.21% return, which is significantly higher than SHLD.L's 16.56% return.
CIBR.L
- 1D
- -0.43%
- 1M
- 8.47%
- 6M
- 29.49%
- YTD
- 28.21%
- 1Y
- 23.41%
- 3Y*
- 24.13%
- 5Y*
- 13.49%
- 10Y*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
CIBR.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CIBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 28.21% | 7.59% | 18.94% | 40.85% | -27.53% | 19.58% | 42.96% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 34.67% |
Correlation
The correlation between CIBR.L and SHLD.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.89 |
The correlation between CIBR.L and SHLD.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
CIBR.L vs. SHLD.L — Risk / Return Rank
CIBR.L
SHLD.L
CIBR.L vs. SHLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (CIBR.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.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.
| CIBR.L | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.91 | -0.90 |
| Martin ratioReturn relative to average drawdown | 2.28 | 4.12 | -1.84 |
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Drawdowns
CIBR.L vs. SHLD.L - Drawdown Comparison
The maximum CIBR.L drawdown since its inception was -33.69%, smaller than the maximum SHLD.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for CIBR.L and SHLD.L.
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Drawdown Indicators
| CIBR.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -36.07% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -11.40% | -11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -22.72% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.69% | -36.07% | +2.38% |
Current DrawdownCurrent decline from peak | -3.05% | -5.36% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -9.27% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.23% | 5.28% | +4.95% |
Volatility
CIBR.L vs. SHLD.L - Volatility Comparison
First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (CIBR.L) has a higher volatility of 8.12% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 6.81%. This indicates that CIBR.L's price experiences larger fluctuations and is considered to be riskier than SHLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIBR.L | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 6.81% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 23.48% | 18.09% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 21.64% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 21.39% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 21.22% | +2.85% |
CIBR.L vs. SHLD.L - Expense Ratio Comparison
CIBR.L has a 0.60% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
CIBR.L vs. SHLD.L - Dividend Comparison
CIBR.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CIBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
CIBR.L and SHLD.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.60% for CIBR.L.
CIBR.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for CIBR.L and 0.40% for SHLD.L.
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