CIBR vs. KNCT

Last updated Jun 4, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - CIBR tracks the Nasdaq CTA Cybersecurity Index while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, CIBR returned 18.49%/yr vs 21.42%/yr for KNCT. Their correlation of 0.83 suggests significant overlap in exposure. CIBR charges 0.60%/yr vs 0.40%/yr for KNCT.

Performance

CIBR vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and Invesco Next Gen Connectivity ETF (KNCT). 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 KNCT's 63.41% return. Over the past 10 years, CIBR has underperformed KNCT with an annualized return of 18.49%, while KNCT has yielded a comparatively higher 21.42% annualized 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%

KNCT

• 1D: -0.63%
• 1M: 26.38%
• YTD: 63.41%
• 6M: 62.53%
• 1Y: 99.38%
• 3Y*: 43.36%
• 5Y*: 21.73%
• 10Y*: 21.42%

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

CIBR vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIBR First Trust NASDAQ Cybersecurity ETF	28.52%	13.06%	18.21%	39.71%	-26.46%	19.67%	50.53%	28.52%	1.47%	18.61%
KNCT Invesco Next Gen Connectivity ETF	63.41%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between CIBR and KNCT is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015	0.83

Over the past year, the correlation between CIBR and KNCT has dropped to 0.58 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

CIBR vs. KNCT - Sectors Allocation Comparison

Sectors	CIBR	KNCT
Technology	94.0%	80.8%
Industrials	3.5%	1.1%
Communication Services	2.6%	14.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	-
Real Estate	-	4.1%
Utilities	-	-

Return for Risk

CIBR vs. KNCT — 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

KNCT

KNCT Risk / Return Rank: 96
KNCT Sharpe Ratio Rank: 97
KNCT Sortino Ratio Rank: 96
KNCT Omega Ratio Rank: 95
KNCT Calmar Ratio Rank: 96
KNCT Martin Ratio Rank: 97

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. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and Invesco Next Gen Connectivity ETF (KNCT). 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	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	1.06	4.70	-3.64
Sortino ratio: Return per unit of downside risk	1.56	5.72	-4.15
Omega ratio: Gain probability vs. loss probability	1.20	1.76	-0.56
Calmar ratio: Return relative to maximum drawdown	1.18	10.00	-8.83
Martin ratio: Return relative to average drawdown	2.79	44.01	-41.22
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. KNCT - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 1.06, which is lower than the KNCT Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of CIBR and KNCT, 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	KNCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	4.70	-3.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.94	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.94	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.58	+0.09

Drawdowns

CIBR vs. KNCT - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for CIBR and KNCT.

Drawdown Indicators

	CIBR	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-57.18%	+23.29%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-9.99%	-12.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-21.40%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	-34.55%	+0.66%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	-34.55%	+0.66%
Current Drawdown Current decline from peak	-2.81%	-0.63%	-2.18%
Average Drawdown Average peak-to-trough decline	-8.66%	-10.74%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	2.27%	+6.98%

Volatility

CIBR vs. KNCT - Volatility Comparison

First Trust NASDAQ Cybersecurity ETF (CIBR) has a higher volatility of 10.90% compared to Invesco Next Gen Connectivity ETF (KNCT) at 9.19%. This indicates that CIBR's price experiences larger fluctuations and is considered to be riskier than KNCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIBR	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	9.19%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	17.12%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	21.28%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.95%	23.19%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	22.97%	+0.63%

CIBR vs. KNCT - Expense Ratio Comparison

CIBR has a 0.60% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

CIBR vs. KNCT - Dividend Comparison

CIBR's dividend yield for the trailing twelve months is around 0.45%, less than KNCT's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KNCT Invesco Next Gen Connectivity ETF	0.57%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%	0.00%

Frequently Asked Questions

Can I hold both CIBR and KNCT in my portfolio?

CIBR and KNCT have a correlation of 0.58, 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 KNCT?

CIBR has higher volatility (10.90%) compared to KNCT (9.19%). In terms of maximum drawdown, CIBR dropped -33.89% vs KNCT's -57.18%.

Which ETF is better, CIBR or KNCT?

On 10-year performance, KNCT leads with 21.42% vs 18.49% for CIBR. On fees, KNCT is cheaper at 0.40% per year. On volatility, KNCT has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIBR or KNCT?

Over the 10-year period, KNCT has performed better with a 21.42% return vs 18.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.60% for CIBR.

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

KNCT has the higher dividend yield at 0.57%, compared with 0.45% for CIBR.

What is the main difference between CIBR and KNCT?

CIBR tracks Nasdaq CTA Cybersecurity Index, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for CIBR and 0.40% for KNCT.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (4.70 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.