CIBR vs. TDIV

Last updated Jun 25, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, CIBR returned 17.88%/yr vs 18.46%/yr for TDIV. A 0.73 correlation means they provide meaningful diversification when combined. CIBR charges 0.60%/yr vs 0.50%/yr for TDIV.

Performance

CIBR vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CIBR having a 17.49% return and TDIV slightly higher at 18.03%. Both investments have delivered pretty close results over the past 10 years, with CIBR having a 17.88% annualized return and TDIV not far ahead at 18.46%.

CIBR

• 1D: -0.49%
• 1M: -0.57%
• YTD: 17.49%
• 6M: 15.23%
• 1Y: 14.09%
• 3Y*: 24.53%
• 5Y*: 12.62%
• 10Y*: 17.88%

TDIV

• 1D: -0.84%
• 1M: -1.73%
• YTD: 18.03%
• 6M: 16.64%
• 1Y: 29.74%
• 3Y*: 28.23%
• 5Y*: 17.05%
• 10Y*: 18.46%

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

CIBR vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIBR First Trust NASDAQ Cybersecurity ETF	17.49%	13.06%	18.21%	39.71%	-26.46%	19.67%	50.53%	28.52%	1.47%	18.61%
TDIV First Trust NASDAQ Technology Dividend Index Fund	18.03%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between CIBR and TDIV is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015	0.73

The correlation between CIBR and TDIV has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

CIBR vs. TDIV - Sectors Allocation Comparison

Sectors	CIBR	TDIV
Technology	95.4%	87.1%
Industrials	2.7%	1.3%
Communication Services	1.9%	11.6%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CIBR vs. TDIV — Risk / Return Rank

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

CIBR

CIBR Risk / Return Rank: 17
CIBR Sharpe Ratio Rank: 18
CIBR Sortino Ratio Rank: 18
CIBR Omega Ratio Rank: 18
CIBR Calmar Ratio Rank: 17
CIBR Martin Ratio Rank: 16

TDIV

TDIV Risk / Return Rank: 49
TDIV Sharpe Ratio Rank: 48
TDIV Sortino Ratio Rank: 45
TDIV Omega Ratio Rank: 45
TDIV Calmar Ratio Rank: 59
TDIV Martin Ratio Rank: 48

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. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.50	-0.94
Sortino ratio: Return per unit of downside risk	0.94	2.05	-1.11
Omega ratio: Gain probability vs. loss probability	1.12	1.27	-0.15
Calmar ratio: Return relative to maximum drawdown	0.64	2.63	-1.99
Martin ratio: Return relative to average drawdown	1.48	7.37	-5.89

CIBR vs. TDIV - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 0.56, which is lower than the TDIV Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CIBR and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CIBR vs. TDIV - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for CIBR and TDIV.

Drawdown Indicators

	CIBR	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-31.97%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-11.35%	-10.64%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-23.00%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	-31.97%	-1.92%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	-31.97%	-1.92%
Current Drawdown Current decline from peak	-11.15%	-11.23%	+0.08%
Average Drawdown Average peak-to-trough decline	-8.66%	-4.85%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.54%	4.04%	+5.50%

Volatility

CIBR vs. TDIV - Volatility Comparison

First Trust NASDAQ Cybersecurity ETF (CIBR) has a higher volatility of 11.76% compared to First Trust NASDAQ Technology Dividend Index Fund (TDIV) at 10.24%. This indicates that CIBR's price experiences larger fluctuations and is considered to be riskier than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIBR	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.76%	10.24%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	21.53%	15.69%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	25.15%	20.01%	+5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.07%	20.97%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	20.96%	+2.63%

CIBR vs. TDIV - Expense Ratio Comparison

CIBR has a 0.60% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

CIBR vs. TDIV - Dividend Comparison

CIBR's dividend yield for the trailing twelve months is around 0.49%, less than TDIV's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.49%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.23%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both CIBR and TDIV in my portfolio?

CIBR and TDIV have a correlation of 0.64, 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 TDIV?

CIBR has higher volatility (11.76%) compared to TDIV (10.24%). In terms of maximum drawdown, CIBR dropped -33.89% vs TDIV's -31.97%.

Which ETF is better, CIBR or TDIV?

On 10-year performance, TDIV leads with 18.46% vs 17.88% for CIBR. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDIV has been the lower-risk option at 10.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIBR or TDIV?

Over the 10-year period, TDIV has performed better with a 18.46% return vs 17.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.60% for CIBR.

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

TDIV has the higher dividend yield at 1.23%, compared with 0.49% for CIBR.

What is the main difference between CIBR and TDIV?

CIBR is categorized as Cybersecurity, while TDIV is Technology Equities. CIBR tracks Nasdaq CTA Cybersecurity Index, while TDIV tracks NASDAQ Technology Dividend Index. Their fees differ too: 0.60% for CIBR and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.50 vs 0.56), 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.