CIBR vs. UCYB

Last updated Jun 4, 2026

CIBR (First Trust NASDAQ Cybersecurity ETF) and UCYB (ProShares Ultra Nasdaq Cybersecurity) are both exchange-traded funds - CIBR is a Technology Equities fund tracking the Nasdaq CTA Cybersecurity Index, while UCYB is a Leveraged Equities fund tracking the Nasdaq CTA Cybersecurity Index (200%). Both are passively managed. Over the past 5 years, CIBR returned 16.28%/yr vs 18.61%/yr for UCYB. With a 0.95 correlation, they move nearly in lockstep. CIBR charges 0.60%/yr vs 0.97%/yr for UCYB.

Performance

CIBR vs. UCYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Cybersecurity ETF (CIBR) and ProShares Ultra Nasdaq Cybersecurity (UCYB). 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 UCYB's 54.17% 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%

UCYB

• 1D: -5.91%
• 1M: 69.42%
• YTD: 54.17%
• 6M: 42.88%
• 1Y: 40.41%
• 3Y*: 44.52%
• 5Y*: 18.61%
• 10Y*: —

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

CIBR vs. UCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CIBR First Trust NASDAQ Cybersecurity ETF	28.52%	13.06%	18.21%	39.71%	-26.46%	16.70%
UCYB ProShares Ultra Nasdaq Cybersecurity	54.17%	9.41%	28.84%	68.85%	-55.15%	29.50%

Correlation

The correlation between CIBR and UCYB is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021	0.95

The correlation between CIBR and UCYB has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.

CIBR vs. UCYB - Sectors Allocation Comparison

Sectors	CIBR	UCYB
Technology	94.0%	95.1%
Industrials	3.5%	4.8%
Communication Services	2.6%	0.1%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CIBR vs. UCYB — 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

UCYB

UCYB Risk / Return Rank: 23
UCYB Sharpe Ratio Rank: 24
UCYB Sortino Ratio Rank: 26
UCYB Omega Ratio Rank: 26
UCYB Calmar Ratio Rank: 22
UCYB 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. UCYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Cybersecurity ETF (CIBR) and ProShares Ultra Nasdaq Cybersecurity (UCYB). 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	UCYB	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.82	+0.24
Sortino ratio: Return per unit of downside risk	1.56	1.37	+0.19
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.02
Calmar ratio: Return relative to maximum drawdown	1.18	0.94	+0.23
Martin ratio: Return relative to average drawdown	2.79	2.10	+0.69
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. UCYB - Sharpe Ratio Comparison

The current CIBR Sharpe Ratio is 1.06, which is comparable to the UCYB Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of CIBR and UCYB, 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	UCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.82	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.37	+0.28
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	0.31	+0.36

Drawdowns

CIBR vs. UCYB - Drawdown Comparison

The maximum CIBR drawdown since its inception was -33.89%, smaller than the maximum UCYB drawdown of -62.69%. Use the drawdown chart below to compare losses from any high point for CIBR and UCYB.

Drawdown Indicators

	CIBR	UCYB	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-62.69%	+28.80%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-43.04%	+21.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-43.04%	+21.05%
Max Drawdown (5Y) Largest decline over 5 years	-33.89%	-62.69%	+28.80%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	—	—
Current Drawdown Current decline from peak	-2.81%	-6.15%	+3.34%
Average Drawdown Average peak-to-trough decline	-8.66%	-27.48%	+18.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	19.32%	-10.07%

Volatility

CIBR vs. UCYB - Volatility Comparison

The current volatility for First Trust NASDAQ Cybersecurity ETF (CIBR) is 10.90%, while ProShares Ultra Nasdaq Cybersecurity (UCYB) has a volatility of 22.00%. This indicates that CIBR experiences smaller price fluctuations and is considered to be less risky than UCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIBR	UCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	22.00%	-11.10%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	42.13%	-21.23%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	49.49%	-24.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.95%	49.95%	-25.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	49.64%	-26.04%

CIBR vs. UCYB - Expense Ratio Comparison

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

Dividends

CIBR vs. UCYB - Dividend Comparison

CIBR's dividend yield for the trailing twelve months is around 0.45%, less than UCYB's 1.41% 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%
UCYB ProShares Ultra Nasdaq Cybersecurity	1.41%	1.90%	2.16%	0.56%	0.00%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CIBR and UCYB in my portfolio?

With a correlation of 0.99, CIBR and UCYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CIBR or UCYB?

UCYB has higher volatility (22.00%) compared to CIBR (10.90%). In terms of maximum drawdown, CIBR dropped -33.89% vs UCYB's -62.69%.

Which ETF is better, CIBR or UCYB?

On 5-year performance, UCYB leads with 18.61% vs 16.28% for CIBR. 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 UCYB?

Over the 5-year period, UCYB has performed better with a 18.61% return vs 16.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIBR or UCYB?

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

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

UCYB has the higher dividend yield at 1.41%, compared with 0.45% for CIBR.

What is the main difference between CIBR and UCYB?

CIBR is categorized as Technology Equities, while UCYB is Leveraged Equities. CIBR tracks Nasdaq CTA Cybersecurity Index, while UCYB tracks Nasdaq CTA Cybersecurity Index (200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for CIBR and 0.97% for UCYB.

Which has better risk-adjusted returns?

CIBR currently has the higher Sharpe Ratio (1.06 vs 0.82), 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.