FTCE vs. CIBR

Last updated Aug 2, 2026

FTCE (First Trust New Constructs Core Earnings Leaders ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - FTCE is a Large Cap Blend Equities fund tracking the Bloomberg New Constructs Core Earnings Leaders Index, while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past year, FTCE returned 24.21% vs 29.07% for CIBR. Their 0.66 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.60% expense ratio.

Performance

FTCE vs. CIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New Constructs Core Earnings Leaders ETF (FTCE) and First Trust NASDAQ Cybersecurity ETF (CIBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTCE achieves a 9.29% return, which is significantly lower than CIBR's 28.86% return.

FTCE

• 1D: -0.09%
• 1M: -0.49%
• 6M: 7.29%
• YTD: 9.29%
• 1Y: 24.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.24%

CIBR

• 1D: 2.01%
• 1M: 1.28%
• 6M: 33.32%
• YTD: 28.86%
• 1Y: 29.07%
• 3Y*: 25.07%
• 5Y*: 13.88%
• 10Y*: 18.23%
• ALL TIME*: 15.41%

*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	$122.47M	$134.95M	$139.60M
FTCE First Trust New Constructs Core Earnings Leaders ETF	$134.84K	$169.05K	$267.54K

FTCE vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	9.29%	26.14%	-0.02%
CIBR First Trust NASDAQ Cybersecurity ETF	28.86%	13.06%	8.19%

Correlation

The correlation between FTCE and CIBR is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.66

The correlation between FTCE and CIBR has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

FTCE vs. CIBR - Sectors Allocation Comparison

Sectors	FTCE	CIBR
Technology	36.3%	94.9%
Consumer Cyclical	12.2%	-
Financial Services	11.6%	-
Healthcare	9.8%	-
Industrials	8.9%	3.0%
Communication Services	7.4%	2.2%
Consumer Defensive	4.3%	-
Energy	3.4%	-
Utilities	2.2%	-
Real Estate	2.0%	-
Basic Materials	1.9%	-

Return for Risk

FTCE vs. CIBR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTCE

FTCE Risk / Return Rank: 66
FTCE Sharpe Ratio Rank: 71
FTCE Sortino Ratio Rank: 70
FTCE Omega Ratio Rank: 69
FTCE Calmar Ratio Rank: 63
FTCE Martin Ratio Rank: 58

CIBR

CIBR Risk / Return Rank: 39
CIBR Sharpe Ratio Rank: 42
CIBR Sortino Ratio Rank: 42
CIBR Omega Ratio Rank: 41
CIBR Calmar Ratio Rank: 36
CIBR Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTCE vs. CIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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.

	FTCE	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.05	+0.60
Sortino ratio: Return per unit of downside risk	2.29	1.57	+0.72
Omega ratio: Gain probability vs. loss probability	1.29	1.19	+0.10
Calmar ratio: Return relative to maximum drawdown	2.23	1.23	+1.00
Martin ratio: Return relative to average drawdown	6.99	2.85	+4.14

FTCE vs. CIBR - Sharpe Ratio Comparison

The current FTCE Sharpe Ratio is 1.64, which is higher than the CIBR Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FTCE 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

FTCE vs. CIBR - Drawdown Comparison

The maximum FTCE drawdown since its inception was -18.11%, smaller than the maximum CIBR drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for FTCE and CIBR.

Drawdown Indicators

	FTCE	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-33.89%	+15.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-21.99%	+11.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	-4.71%	-3.06%	-1.65%
Average Drawdown Average peak-to-trough decline	-2.68%	-8.62%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	9.49%	-6.25%

Volatility

FTCE vs. CIBR - Volatility Comparison

The current volatility for First Trust New Constructs Core Earnings Leaders ETF (FTCE) is 3.32%, while First Trust NASDAQ Cybersecurity ETF (CIBR) has a volatility of 7.31%. This indicates that FTCE experiences smaller price fluctuations and is considered to be less risky than CIBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCE	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	7.31%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	22.34%	-11.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	25.99%	-12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	25.28%	-8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	23.63%	-7.04%

FTCE vs. CIBR - Expense Ratio Comparison

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

Dividends

FTCE vs. CIBR - Dividend Comparison

FTCE's dividend yield for the trailing twelve months is around 0.66%, more than CIBR's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.43%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.66%	0.96%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTCE and CIBR in my portfolio?

FTCE and CIBR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTCE or CIBR?

CIBR has higher volatility (7.31%) compared to FTCE (3.32%). In terms of maximum drawdown, FTCE dropped -18.11% vs CIBR's -33.89%.

Which ETF is better, FTCE or CIBR?

On 1-year performance, CIBR leads with 29.07% vs 24.21% for FTCE. Both ETFs have the same 0.60% expense ratio. On volatility, FTCE has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTCE or CIBR?

Over the 1-year period, CIBR has performed better with a 29.07% return vs 24.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTCE or CIBR?

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

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

FTCE has the higher dividend yield at 0.66%, compared with 0.43% for CIBR.

What is the main difference between FTCE and CIBR?

FTCE is categorized as Large Cap Blend Equities, while CIBR is Cybersecurity. FTCE tracks Bloomberg New Constructs Core Earnings Leaders Index, while CIBR tracks Nasdaq CTA Cybersecurity Index.

Which has better risk-adjusted returns?

FTCE currently has the higher Sharpe Ratio (1.64 vs 1.05), 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.