PABU vs. CIBR

Last updated Jun 23, 2026

PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - PABU is a Large Cap Blend Equities fund tracking the MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 3 years, PABU returned 17.67%/yr vs 24.43%/yr for CIBR. A 0.74 correlation means they provide meaningful diversification when combined. PABU charges 0.10%/yr vs 0.60%/yr for CIBR.

Performance

PABU vs. CIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) 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, PABU achieves a 4.30% return, which is significantly lower than CIBR's 17.18% return.

PABU

• 1D: -0.85%
• 1M: -2.15%
• YTD: 4.30%
• 6M: 3.73%
• 1Y: 18.73%
• 3Y*: 17.67%
• 5Y*: —
• 10Y*: —

CIBR

• 1D: -1.14%
• 1M: -0.83%
• YTD: 17.18%
• 6M: 14.04%
• 1Y: 16.47%
• 3Y*: 24.43%
• 5Y*: 12.73%
• 10Y*: 17.84%

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

PABU vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	4.30%	13.08%	24.84%	29.51%	-15.45%
CIBR First Trust NASDAQ Cybersecurity ETF	17.18%	13.06%	18.21%	39.71%	-20.65%

Correlation

The correlation between PABU and CIBR is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.74

The correlation between PABU and CIBR shifts across timeframes, from 0.63 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

PABU vs. CIBR - Sectors Allocation Comparison

Sectors	PABU	CIBR
Technology	52.4%	95.4%
Real Estate	16.4%	-
Communication Services	8.4%	1.9%
Financial Services	6.9%	-
Consumer Cyclical	6.2%	-
Healthcare	5.6%	-
Utilities	1.6%	-
Industrials	1.6%	2.7%
Energy	0.8%	-
Basic Materials	0.5%	-
Consumer Defensive	-	-

Return for Risk

PABU vs. CIBR — Risk / Return Rank

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

PABU

PABU Risk / Return Rank: 35
PABU Sharpe Ratio Rank: 39
PABU Sortino Ratio Rank: 36
PABU Omega Ratio Rank: 37
PABU Calmar Ratio Rank: 29
PABU Martin Ratio Rank: 33

CIBR

CIBR Risk / Return Rank: 18
CIBR Sharpe Ratio Rank: 19
CIBR Sortino Ratio Rank: 20
CIBR Omega Ratio Rank: 19
CIBR Calmar Ratio Rank: 18
CIBR Martin Ratio Rank: 17

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.

PABU vs. CIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) 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.

	PABU	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.66	+0.67
Sortino ratio: Return per unit of downside risk	1.83	1.06	+0.78
Omega ratio: Gain probability vs. loss probability	1.24	1.13	+0.11
Calmar ratio: Return relative to maximum drawdown	1.40	0.75	+0.65
Martin ratio: Return relative to average drawdown	4.73	1.74	+2.99

PABU vs. CIBR - Sharpe Ratio Comparison

The current PABU Sharpe Ratio is 1.33, which is higher than the CIBR Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of PABU 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

PABU vs. CIBR - Drawdown Comparison

The maximum PABU drawdown since its inception was -22.76%, smaller than the maximum CIBR drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for PABU and CIBR.

Drawdown Indicators

	PABU	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-33.89%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-21.99%	+8.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-21.99%	+1.14%
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	-5.88%	-11.39%	+5.51%
Average Drawdown Average peak-to-trough decline	-5.62%	-8.66%	+3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	9.49%	-5.52%

Volatility

PABU vs. CIBR - Volatility Comparison

The current volatility for iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) is 6.19%, while First Trust NASDAQ Cybersecurity ETF (CIBR) has a volatility of 12.02%. This indicates that PABU 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

	PABU	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	12.02%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	21.57%	-10.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	25.25%	-11.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	25.07%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	23.66%	-4.90%

PABU vs. CIBR - Expense Ratio Comparison

PABU has a 0.10% expense ratio, which is lower than CIBR's 0.60% expense ratio.

Dividends

PABU vs. CIBR - Dividend Comparison

PABU's dividend yield for the trailing twelve months is around 0.94%, more than CIBR's 0.49% 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%
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	0.94%	0.90%	1.00%	1.06%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PABU and CIBR in my portfolio?

PABU and CIBR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PABU or CIBR?

CIBR has higher volatility (12.02%) compared to PABU (6.19%). In terms of maximum drawdown, PABU dropped -22.76% vs CIBR's -33.89%.

Which ETF is better, PABU or CIBR?

On 3-year performance, CIBR leads with 24.43% vs 17.67% for PABU. On fees, PABU is cheaper at 0.10% per year. On volatility, PABU has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PABU or CIBR?

Over the 3-year period, CIBR has performed better with a 24.43% return vs 17.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PABU or CIBR?

PABU is cheaper with a 0.10% expense ratio, compared with 0.60% for CIBR.

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

PABU has the higher dividend yield at 0.94%, compared with 0.49% for CIBR.

What is the main difference between PABU and CIBR?

PABU is categorized as Large Cap Blend Equities, while CIBR is Cybersecurity. PABU tracks MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.10% for PABU and 0.60% for CIBR.

Which has better risk-adjusted returns?

PABU currently has the higher Sharpe Ratio (1.33 vs 0.66), 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.