PSWD.DE vs. CIBR
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, while CIBR is a Technology Equities fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 10 years, PSWD.DE returned 11.99%/yr vs 18.24%/yr for CIBR. At a 0.35 correlation, their price movements are largely independent. PSWD.DE charges 0.39%/yr vs 0.60%/yr for CIBR.
Performance
PSWD.DE vs. CIBR - Performance Comparison
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Different Trading Currencies
PSWD.DE is traded in EUR, while CIBR is traded in USD. To make them comparable, the CIBR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.67% return, which is significantly lower than CIBR's 30.06% return. Over the past 10 years, PSWD.DE has underperformed CIBR with an annualized return of 11.99%, while CIBR has yielded a comparatively higher 18.24% annualized return.
PSWD.DE
- 1D
- -0.13%
- 1M
- 5.99%
- YTD
- 16.67%
- 6M
- 18.47%
- 1Y
- 33.05%
- 3Y*
- 19.16%
- 5Y*
- 13.38%
- 10Y*
- 11.99%
CIBR
- 1D
- -2.60%
- 1M
- 32.36%
- YTD
- 30.06%
- 6M
- 24.71%
- 1Y
- 23.27%
- 3Y*
- 24.92%
- 5Y*
- 17.37%
- 10Y*
- 18.24%
PSWD.DE vs. CIBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.67% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
CIBR First Trust NASDAQ Cybersecurity ETF | 30.06% | -0.35% | 26.01% | 35.52% | -21.90% | 28.63% | 38.12% | 31.42% | 6.24% | 4.04% |
Correlation
The correlation between PSWD.DE and CIBR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.35 |
The correlation between PSWD.DE and CIBR shifts across timeframes, from 0.23 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSWD.DE vs. CIBR — Risk / Return Rank
PSWD.DE
CIBR
PSWD.DE vs. CIBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) 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.
| PSWD.DE | CIBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.18 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 5.59 | 1.02 | +4.56 |
| Martin ratioReturn relative to average drawdown | 22.51 | 2.42 | +20.10 |
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
| PSWD.DE | CIBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 0.94 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.71 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.77 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.62 | +0.06 |
Drawdowns
PSWD.DE vs. CIBR - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, roughly equal to the maximum CIBR drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and CIBR.
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Drawdown Indicators
| PSWD.DE | CIBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -35.19% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -22.83% | +16.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -24.33% | +6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -28.91% | +10.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -35.19% | -1.20% |
Current DrawdownCurrent decline from peak | -0.13% | -2.60% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -8.75% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 9.66% | -8.20% |
Volatility
PSWD.DE vs. CIBR - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.21%, while First Trust NASDAQ Cybersecurity ETF (CIBR) has a volatility of 10.75%. This indicates that PSWD.DE 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.
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Volatility by Period
| PSWD.DE | CIBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 10.75% | -7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 21.14% | -13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 24.86% | -14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 24.77% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 23.89% | -8.70% |
PSWD.DE vs. CIBR - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than CIBR's 0.60% expense ratio.
Dividends
PSWD.DE vs. CIBR - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, more than CIBR's 0.45% 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% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and CIBR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.60% for CIBR.
PSWD.DE is categorized as Global Equities, while CIBR is Technology Equities. PSWD.DE tracks FTSE RAFI All-World 3000, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.39% for PSWD.DE and 0.60% for CIBR.
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