CIBR vs. QDTE

Last updated Jun 9, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index, while QDTE is a Derivative Income fund actively managed by Roundhill. CIBR is passively managed, while QDTE is actively managed. Over the past year, CIBR returned 17.89% vs 34.41% for QDTE. A 0.68 correlation means they provide meaningful diversification when combined. CIBR charges 0.60%/yr vs 0.97%/yr for QDTE.

Performance

CIBR vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIBR achieves a 20.76% return, which is significantly higher than QDTE's 12.44% return.

CIBR

• 1D: -0.66%
• 1M: 14.35%
• YTD: 20.76%
• 6M: 15.03%
• 1Y: 17.89%
• 3Y*: 26.06%
• 5Y*: 14.39%
• 10Y*: 17.92%

QDTE

• 1D: 1.85%
• 1M: 0.70%
• YTD: 12.44%
• 6M: 11.71%
• 1Y: 34.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CIBR vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CIBR First Trust NASDAQ Cybersecurity ETF	20.76%	13.06%	10.04%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.44%	19.32%	16.07%

Correlation

The correlation between CIBR and QDTE is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.68

The correlation between CIBR and QDTE shifts across timeframes, from 0.57 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

CIBR vs. QDTE - Sectors Allocation Comparison

Sectors	CIBR	QDTE
Technology	94.0%	-
Industrials	3.5%	-
Communication Services	2.6%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.4%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CIBR vs. QDTE — Risk / Return Rank

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

CIBR

CIBR Risk / Return Rank: 21
CIBR Sharpe Ratio Rank: 23
CIBR Sortino Ratio Rank: 23
CIBR Omega Ratio Rank: 23
CIBR Calmar Ratio Rank: 20
CIBR Martin Ratio Rank: 19

QDTE

QDTE Risk / Return Rank: 74
QDTE Sharpe Ratio Rank: 76
QDTE Sortino Ratio Rank: 67
QDTE Omega Ratio Rank: 74
QDTE Calmar Ratio Rank: 74
QDTE Martin Ratio Rank: 78

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. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.20	-1.48
Sortino ratio: Return per unit of downside risk	1.14	2.77	-1.63
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.25
Calmar ratio: Return relative to maximum drawdown	0.82	3.39	-2.57
Martin ratio: Return relative to average drawdown	1.93	13.52	-11.59
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. QDTE - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 0.72, which is lower than the QDTE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of CIBR and QDTE, 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	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.20	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.17	-0.53

Drawdowns

CIBR vs. QDTE - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for CIBR and QDTE.

Drawdown Indicators

	CIBR	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-22.86%	-11.03%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-10.20%	-11.79%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	—	—
Current Drawdown Current decline from peak	-8.68%	-3.70%	-4.98%
Average Drawdown Average peak-to-trough decline	-8.66%	-3.14%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.29%	2.55%	+6.74%

Volatility

CIBR vs. QDTE - Volatility Comparison

First Trust NASDAQ Cybersecurity ETF (CIBR) has a higher volatility of 12.00% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 6.57%. This indicates that CIBR's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIBR	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.00%	6.57%	+5.43%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	12.26%	+9.16%
Volatility (1Y) Calculated over the trailing 1-year period	24.97%	15.71%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.02%	18.72%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	18.72%	+4.92%

CIBR vs. QDTE - Expense Ratio Comparison

CIBR has a 0.60% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

CIBR vs. QDTE - Dividend Comparison

CIBR's dividend yield for the trailing twelve months is around 0.47%, less than QDTE's 44.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.47%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.14%	49.49%	32.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CIBR and QDTE in my portfolio?

CIBR and QDTE have a correlation of 0.57, 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 QDTE?

CIBR has higher volatility (12.00%) compared to QDTE (6.57%). In terms of maximum drawdown, CIBR dropped -33.89% vs QDTE's -22.86%.

Which ETF is better, CIBR or QDTE?

On 1-year performance, QDTE leads with 34.41% vs 17.89% for CIBR. On fees, CIBR is cheaper at 0.60% per year. On volatility, QDTE has been the lower-risk option at 6.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIBR or QDTE?

Over the 1-year period, QDTE has performed better with a 34.41% return vs 17.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or QDTE?

CIBR is cheaper with a 0.60% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 44.14%, compared with 0.47% for CIBR.

What is the main difference between CIBR and QDTE?

CIBR is categorized as Cybersecurity, while QDTE is Derivative Income. They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.60% for CIBR and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.20 vs 0.72), 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.