FGOV.L vs. CIBR.L
FGOV.L (First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist) and CIBR.L (First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation) are both exchange-traded funds - FGOV.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while CIBR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FGOV.L returned 0.91%/yr vs 15.81%/yr for CIBR.L. At a 0.08 correlation, their price movements are largely independent. FGOV.L charges 0.45%/yr vs 0.60%/yr for CIBR.L.
Performance
FGOV.L vs. CIBR.L - Performance Comparison
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Different Trading Currencies
FGOV.L is traded in GBp, while CIBR.L is traded in USD. To make them comparable, the CIBR.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FGOV.L achieves a 1.28% return, which is significantly lower than CIBR.L's 25.53% return.
FGOV.L
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.28%
- 6M
- 1.34%
- 1Y
- 4.02%
- 3Y*
- 4.70%
- 5Y*
- 0.91%
- 10Y*
- —
CIBR.L
- 1D
- -2.60%
- 1M
- 29.75%
- YTD
- 25.53%
- 6M
- 20.36%
- 1Y
- 22.63%
- 3Y*
- 22.15%
- 5Y*
- 15.81%
- 10Y*
- —
FGOV.L vs. CIBR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 1.28% | 5.31% | 3.51% | 6.01% | -7.49% | -6.11% | 0.70% |
CIBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 25.53% | -0.09% | 21.03% | 33.79% | -18.91% | 20.71% | 15.93% |
Correlation
The correlation between FGOV.L and CIBR.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020 | 0.08 |
The correlation between FGOV.L and CIBR.L shifts across timeframes, from -0.06 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGOV.L vs. CIBR.L — Risk / Return Rank
FGOV.L
CIBR.L
FGOV.L vs. CIBR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) and First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (CIBR.L). 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.
| FGOV.L | CIBR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.18 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.93 | +1.37 |
| Martin ratioReturn relative to average drawdown | 7.91 | 2.11 | +5.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGOV.L | CIBR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.88 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.67 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.69 | -0.56 |
Drawdowns
FGOV.L vs. CIBR.L - Drawdown Comparison
The maximum FGOV.L drawdown since its inception was -14.18%, smaller than the maximum CIBR.L drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for FGOV.L and CIBR.L.
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Drawdown Indicators
| FGOV.L | CIBR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -26.65% | +12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -24.29% | +22.55% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -25.48% | +23.74% |
Max Drawdown (5Y)Largest decline over 5 years | -11.94% | -26.65% | +14.71% |
Current DrawdownCurrent decline from peak | -0.19% | -3.05% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -9.33% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 10.68% | -10.17% |
Volatility
FGOV.L vs. CIBR.L - Volatility Comparison
The current volatility for First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) is 0.80%, while First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (CIBR.L) has a volatility of 12.21%. This indicates that FGOV.L experiences smaller price fluctuations and is considered to be less risky than CIBR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOV.L | CIBR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 12.21% | -11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 22.57% | -20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 25.58% | -23.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 23.70% | -20.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 23.78% | -20.60% |
FGOV.L vs. CIBR.L - Expense Ratio Comparison
FGOV.L has a 0.45% expense ratio, which is lower than CIBR.L's 0.60% expense ratio.
Dividends
FGOV.L vs. CIBR.L - Dividend Comparison
FGOV.L's dividend yield for the trailing twelve months is around 3.07%, while CIBR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CIBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 3.07% | 2.82% | 2.27% | 1.86% | 1.01% | 1.20% |
Frequently Asked Questions
FGOV.L and CIBR.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FGOV.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FGOV.L is cheaper with a 0.45% expense ratio, compared with 0.60% for CIBR.L.
FGOV.L is categorized as Global Bonds, while CIBR.L is Technology Equities. FGOV.L tracks Bloomberg Global Aggregate TR Hdg GBP, while CIBR.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.45% for FGOV.L and 0.60% for CIBR.L.
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