CIBR vs. SKYY

Last updated Jun 4, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and SKYY (First Trust ISE Cloud Computing Index Fund) are both Technology Equities funds from First Trust - CIBR tracks the Nasdaq CTA Cybersecurity Index while SKYY tracks the ISE Cloud Computing Index. Both are passively managed. Over the past 10 years, CIBR returned 18.49%/yr vs 17.20%/yr for SKYY. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.

Performance

CIBR vs. SKYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and First Trust ISE Cloud Computing Index Fund (SKYY). 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 higher than SKYY's 13.58% return. Over the past 10 years, CIBR has outperformed SKYY with an annualized return of 18.49%, while SKYY has yielded a comparatively lower 17.20% 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%

SKYY

• 1D: -3.49%
• 1M: 16.66%
• YTD: 13.58%
• 6M: 12.79%
• 1Y: 26.22%
• 3Y*: 25.41%
• 5Y*: 8.47%
• 10Y*: 17.20%

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

CIBR vs. SKYY - 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%
SKYY First Trust ISE Cloud Computing Index Fund	13.58%	9.20%	35.87%	52.18%	-44.68%	10.62%	57.77%	25.25%	6.01%	33.47%

Correlation

The correlation between CIBR and SKYY is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015	0.88

The correlation between CIBR and SKYY has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

CIBR vs. SKYY - Sectors Allocation Comparison

Sectors	CIBR	SKYY
Technology	94.0%	88.9%
Industrials	3.5%	1.6%
Communication Services	2.6%	4.8%
Basic Materials	-	-
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	1.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

CIBR vs. SKYY — 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

SKYY

SKYY Risk / Return Rank: 24
SKYY Sharpe Ratio Rank: 26
SKYY Sortino Ratio Rank: 26
SKYY Omega Ratio Rank: 26
SKYY Calmar Ratio Rank: 21
SKYY Martin Ratio Rank: 19

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. SKYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and First Trust ISE Cloud Computing Index Fund (SKYY). 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	SKYY	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.95	+0.11
Sortino ratio: Return per unit of downside risk	1.56	1.48	+0.09
Omega ratio: Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio: Return relative to maximum drawdown	1.18	0.96	+0.22
Martin ratio: Return relative to average drawdown	2.79	2.16	+0.64
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. SKYY - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 1.06, which is comparable to the SKYY Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of CIBR and SKYY, 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	SKYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.95	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.28	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.64	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.58	+0.08

Drawdowns

CIBR vs. SKYY - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, smaller than the maximum SKYY drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for CIBR and SKYY.

Drawdown Indicators

	CIBR	SKYY	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-53.20%	+19.31%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-27.39%	+5.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-31.80%	+9.81%
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	-53.20%	+19.31%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	-53.20%	+19.31%
Current Drawdown Current decline from peak	-2.81%	-4.79%	+1.98%
Average Drawdown Average peak-to-trough decline	-8.66%	-10.90%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	12.20%	-2.95%

Volatility

CIBR vs. SKYY - Volatility Comparison

The current volatility for First Trust NASDAQ Cybersecurity ETF (CIBR) is 10.90%, while First Trust ISE Cloud Computing Index Fund (SKYY) has a volatility of 11.77%. This indicates that CIBR experiences smaller price fluctuations and is considered to be less risky than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIBR	SKYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	11.77%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	23.23%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	27.86%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.95%	30.58%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	26.85%	-3.25%

CIBR vs. SKYY - Expense Ratio Comparison

Both CIBR and SKYY have an expense ratio of 0.60%.

Dividends

CIBR vs. SKYY - Dividend Comparison

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

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%
SKYY First Trust ISE Cloud Computing Index Fund	0.00%	0.00%	0.00%	0.00%	0.23%	0.78%	0.17%	0.54%	0.37%	0.27%	0.35%	0.41%

Frequently Asked Questions

Can I hold both CIBR and SKYY in my portfolio?

CIBR and SKYY have a correlation of 0.86, 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 SKYY?

SKYY has higher volatility (11.77%) compared to CIBR (10.90%). In terms of maximum drawdown, CIBR dropped -33.89% vs SKYY's -53.20%.

Which ETF is better, CIBR or SKYY?

On 10-year performance, CIBR leads with 18.49% vs 17.20% for SKYY. Both ETFs have the same 0.60% expense ratio. 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 SKYY?

Over the 10-year period, CIBR has performed better with a 18.49% return vs 17.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or SKYY?

CIBR and SKYY have the same expense ratio: 0.60% per year.

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

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

What is the main difference between CIBR and SKYY?

CIBR tracks Nasdaq CTA Cybersecurity Index, while SKYY tracks ISE Cloud Computing Index.

Which has better risk-adjusted returns?

CIBR currently has the higher Sharpe Ratio (1.06 vs 0.95), 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.