CIBR vs. BDRY

Last updated Jun 4, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - CIBR is a Technology Equities fund tracking the Nasdaq CTA Cybersecurity Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. Over the past 5 years, CIBR returned 16.28%/yr vs -11.69%/yr for BDRY. At a 0.02 correlation, their price movements are largely independent. CIBR charges 0.60%/yr vs 3.76%/yr for BDRY.

Performance

CIBR vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIBR achieves a 28.52% return, which is significantly lower than BDRY's 43.90% return.

CIBR

• 1D: -2.81%
• 1M: 31.43%
• YTD: 28.52%
• 6M: 24.03%
• 1Y: 25.78%
• 3Y*: 28.32%
• 5Y*: 16.28%
• 10Y*: 18.49%

BDRY

• 1D: -2.47%
• 1M: 7.04%
• YTD: 43.90%
• 6M: 35.70%
• 1Y: 142.69%
• 3Y*: 27.14%
• 5Y*: -11.69%
• 10Y*: —

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

CIBR vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CIBR First Trust NASDAQ Cybersecurity ETF	28.52%	13.06%	18.21%	39.71%	-26.46%	19.67%	50.53%	28.52%	-6.55%
BDRY Breakwave Dry Bulk Shipping ETF	43.90%	44.24%	-47.40%	25.79%	-68.84%	282.99%	-50.16%	-15.92%	-27.98%

Correlation

The correlation between CIBR and BDRY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.02

CIBR vs. BDRY - Sectors Allocation Comparison

Sectors	CIBR	BDRY
Technology	94.0%	-
Industrials	3.5%	-
Communication Services	2.6%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	3.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CIBR vs. BDRY — Risk / Return Rank

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

CIBR

CIBR Risk / Return Rank: 26
CIBR Sharpe Ratio Rank: 29
CIBR Sortino Ratio Rank: 28
CIBR Omega Ratio Rank: 29
CIBR Calmar Ratio Rank: 24
CIBR Martin Ratio Rank: 22

BDRY

BDRY Risk / Return Rank: 85
BDRY Sharpe Ratio Rank: 92
BDRY Sortino Ratio Rank: 79
BDRY Omega Ratio Rank: 74
BDRY Calmar Ratio Rank: 93
BDRY Martin Ratio Rank: 88

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.

CIBR vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

	CIBR	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	1.06	3.40	-2.34
Sortino ratio: Return per unit of downside risk	1.56	3.58	-2.01
Omega ratio: Gain probability vs. loss probability	1.20	1.45	-0.25
Calmar ratio: Return relative to maximum drawdown	1.18	6.65	-5.47
Martin ratio: Return relative to average drawdown	2.79	19.36	-16.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIBR vs. BDRY - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 1.06, which is lower than the BDRY Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of CIBR and BDRY, 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

	CIBR	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	3.40	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	-0.19	+0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.13	+0.80

Drawdowns

CIBR vs. BDRY - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for CIBR and BDRY.

Drawdown Indicators

	CIBR	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-89.16%	+55.27%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-21.60%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-69.71%	+47.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	-89.16%	+55.27%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	—	—
Current Drawdown Current decline from peak	-2.81%	-69.60%	+66.79%
Average Drawdown Average peak-to-trough decline	-8.66%	-58.38%	+49.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	7.40%	+1.85%

Volatility

CIBR vs. BDRY - Volatility Comparison

First Trust NASDAQ Cybersecurity ETF (CIBR) and Breakwave Dry Bulk Shipping ETF (BDRY) have volatilities of 10.90% and 11.26%, 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.

Volatility by Period

	CIBR	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	11.26%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	30.02%	-9.12%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	42.29%	-17.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.95%	60.70%	-35.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	62.58%	-38.98%

CIBR vs. BDRY - Expense Ratio Comparison

CIBR has a 0.60% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

CIBR vs. BDRY - Dividend Comparison

CIBR's dividend yield for the trailing twelve months is around 0.45%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CIBR First Trust NASDAQ Cybersecurity ETF	0.45%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%

Frequently Asked Questions

Can I hold both CIBR and BDRY in my portfolio?

CIBR and BDRY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIBR or BDRY?

BDRY has higher volatility (11.26%) compared to CIBR (10.90%). In terms of maximum drawdown, CIBR dropped -33.89% vs BDRY's -89.16%.

Which ETF is better, CIBR or BDRY?

On 5-year performance, CIBR leads with 16.28% vs -11.69% for BDRY. On fees, CIBR is cheaper at 0.60% per year. On volatility, CIBR has been the lower-risk option at 10.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIBR or BDRY?

Over the 5-year period, CIBR has performed better with a 16.28% return vs -11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or BDRY?

CIBR is cheaper with a 0.60% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, CIBR or BDRY?

CIBR has the higher dividend yield at 0.45%, compared with 0.00% for BDRY.

What is the main difference between CIBR and BDRY?

CIBR is categorized as Technology Equities, while BDRY is Commodities. CIBR tracks Nasdaq CTA Cybersecurity Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: First Trust and ETFMG. Their fees differ too: 0.60% for CIBR and 3.76% for BDRY.

Which has better risk-adjusted returns?

BDRY currently has the higher Sharpe Ratio (3.40 vs 1.06), 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.