CYBR.TO vs. CIBR

Last updated Jul 25, 2026

CYBR.TO (Evolve Cyber Security Index Fund - Hedged Units) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both Cybersecurity funds - CYBR.TO tracks the Solactive Global Cyber Security Index Canadian Dollar Hedged while CIBR tracks the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 5 years, CYBR.TO returned 6.25%/yr vs 15.38%/yr for CIBR. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

CYBR.TO vs. CIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) and First Trust NASDAQ Cybersecurity ETF (CIBR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CYBR.TO is traded in CAD, while CIBR is traded in USD. To make them comparable, the CIBR values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CYBR.TO having a 28.88% return and CIBR slightly lower at 27.47%.

CYBR.TO

• 1D: 1.24%
• 1M: 2.95%
• 6M: 24.69%
• YTD: 28.88%
• 1Y: 15.36%
• 3Y*: 20.97%
• 5Y*: 6.25%
• 10Y*: —
• ALL TIME*: 14.65%

CIBR

• 1D: 0.69%
• 1M: 4.57%
• 6M: 27.79%
• YTD: 27.47%
• 1Y: 23.63%
• 3Y*: 27.37%
• 5Y*: 15.38%
• 10Y*: 18.26%
• ALL TIME*: 16.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIBR First Trust NASDAQ Cybersecurity ETF	CA$182.52M	CA$208.11M	CA$192.10M
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units	CA$221.85K	CA$189.55K	CA$244.50K

CYBR.TO vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units	28.88%	2.14%	13.45%	44.51%	-37.17%	5.65%	66.41%	24.43%	7.17%	5.29%
CIBR First Trust NASDAQ Cybersecurity ETF	27.64%	7.90%	28.22%	36.39%	-21.79%	19.62%	46.96%	23.22%	10.01%	7.80%

Correlation

The correlation between CYBR.TO and CIBR is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017	0.77

The correlation between CYBR.TO and CIBR has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

CYBR.TO vs. CIBR — Risk / Return Rank

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

CYBR.TO

CYBR.TO Risk / Return Rank: 23
CYBR.TO Sharpe Ratio Rank: 24
CYBR.TO Sortino Ratio Rank: 24
CYBR.TO Omega Ratio Rank: 24
CYBR.TO Calmar Ratio Rank: 21
CYBR.TO Martin Ratio Rank: 20

CIBR

CIBR Risk / Return Rank: 30
CIBR Sharpe Ratio Rank: 32
CIBR Sortino Ratio Rank: 32
CIBR Omega Ratio Rank: 31
CIBR Calmar Ratio Rank: 28
CIBR Martin Ratio Rank: 26

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.

CYBR.TO vs. CIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) and First Trust NASDAQ Cybersecurity ETF (CIBR). 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.

	CYBR.TO	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	0.52	0.91	-0.39
Sortino ratio: Return per unit of downside risk	0.90	1.40	-0.50
Omega ratio: Gain probability vs. loss probability	1.11	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.55	1.02	-0.47
Martin ratio: Return relative to average drawdown	1.15	2.31	-1.16

CYBR.TO vs. CIBR - Sharpe Ratio Comparison

The current CYBR.TO Sharpe Ratio is 0.52, which is lower than the CIBR Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CYBR.TO and CIBR, 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

CYBR.TO vs. CIBR - Drawdown Comparison

The maximum CYBR.TO drawdown since its inception was -44.40%, which is greater than CIBR's maximum drawdown of -30.24%. Use the drawdown chart below to compare losses from any high point for CYBR.TO and CIBR.

Drawdown Indicators

	CYBR.TO	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-44.40%	-30.24%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-28.10%	-23.24%	-4.86%
Max Drawdown (3Y) Largest decline over 3 years	-28.10%	-23.24%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-44.40%	-29.83%	-14.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.24%	—
Current Drawdown Current decline from peak	-8.97%	-7.18%	-1.79%
Average Drawdown Average peak-to-trough decline	-12.69%	-7.94%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.40%	10.25%	+3.15%

Volatility

CYBR.TO vs. CIBR - Volatility Comparison

Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) has a higher volatility of 9.85% compared to First Trust NASDAQ Cybersecurity ETF (CIBR) at 8.15%. This indicates that CYBR.TO's price experiences larger fluctuations and is considered to be riskier than CIBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CYBR.TO	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.85%	8.15%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	22.57%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	29.91%	26.08%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.88%	25.83%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	24.44%	+2.20%

CYBR.TO vs. CIBR - Expense Ratio Comparison

Both CYBR.TO and CIBR have an expense ratio of 0.60%.

Dividends

CYBR.TO vs. CIBR - Dividend Comparison

CYBR.TO's dividend yield for the trailing twelve months is around 0.18%, less than CIBR's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.44%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units	0.18%	0.23%	0.24%	0.27%	0.39%	0.22%	0.13%	0.21%	0.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CYBR.TO and CIBR in my portfolio?

CYBR.TO and CIBR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CYBR.TO or CIBR?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CYBR.TO or CIBR?

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

What is the main difference between CYBR.TO and CIBR?

CYBR.TO tracks Solactive Global Cyber Security Index Canadian Dollar Hedged, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Evolve Funds Group Inc. and First Trust.