PSWD vs. CIBR

Last updated Jun 23, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past year, PSWD returned 7.16% vs 16.47% for CIBR. Their correlation of 0.89 suggests significant overlap in exposure. PSWD charges 0.20%/yr vs 0.60%/yr for CIBR.

Performance

PSWD vs. CIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) 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, PSWD achieves a 13.07% return, which is significantly lower than CIBR's 17.18% return.

PSWD

• 1D: -0.44%
• 1M: -1.76%
• YTD: 13.07%
• 6M: 10.36%
• 1Y: 7.16%
• 3Y*: —
• 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)

PSWD vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	13.07%	1.69%	9.46%	18.58%
CIBR First Trust NASDAQ Cybersecurity ETF	17.18%	13.06%	18.21%	19.96%

Correlation

The correlation between PSWD and CIBR is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.89

The correlation between PSWD and CIBR has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

PSWD vs. CIBR - Sectors Allocation Comparison

Sectors	PSWD	CIBR
Technology	97.8%	95.4%
Industrials	1.2%	2.7%
Real Estate	0.5%	-
Communication Services	0.1%	1.9%
Financial Services	0.1%	-
Consumer Cyclical	0.1%	-
Healthcare	0.1%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Basic Materials	0.0%	-
Utilities	0.0%	-

Return for Risk

PSWD vs. CIBR — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 12
PSWD Sharpe Ratio Rank: 12
PSWD Sortino Ratio Rank: 12
PSWD Omega Ratio Rank: 12
PSWD Calmar Ratio Rank: 12
PSWD Martin Ratio Rank: 11

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.

PSWD vs. CIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) 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.

	PSWD	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.66	-0.38
Sortino ratio: Return per unit of downside risk	0.55	1.06	-0.51
Omega ratio: Gain probability vs. loss probability	1.07	1.13	-0.06
Calmar ratio: Return relative to maximum drawdown	0.30	0.75	-0.45
Martin ratio: Return relative to average drawdown	0.68	1.74	-1.06

PSWD vs. CIBR - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.28, which is lower than the CIBR Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of PSWD 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

PSWD vs. CIBR - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum CIBR drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for PSWD and CIBR.

Drawdown Indicators

	PSWD	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-33.89%	+10.19%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-21.99%	-1.71%
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	-10.74%	-11.39%	+0.65%
Average Drawdown Average peak-to-trough decline	-6.49%	-8.66%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	9.49%	+1.07%

Volatility

PSWD vs. CIBR - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) and First Trust NASDAQ Cybersecurity ETF (CIBR) have volatilities of 11.56% and 12.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSWD	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	12.02%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	21.57%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	25.84%	25.25%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.69%	25.07%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	23.66%	+0.03%

PSWD vs. CIBR - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than CIBR's 0.60% expense ratio.

Dividends

PSWD vs. CIBR - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.69%, 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%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.69%	0.88%	1.49%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSWD and CIBR in my portfolio?

With a correlation of 0.90, PSWD and CIBR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PSWD or CIBR?

CIBR has higher volatility (12.02%) compared to PSWD (11.56%). In terms of maximum drawdown, PSWD dropped -23.70% vs CIBR's -33.89%.

Which ETF is better, PSWD or CIBR?

On 1-year performance, CIBR leads with 16.47% vs 7.16% for PSWD. On fees, PSWD is cheaper at 0.20% per year. On volatility, PSWD has been the lower-risk option at 11.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or CIBR?

Over the 1-year period, CIBR has performed better with a 16.47% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or CIBR?

PSWD is cheaper with a 0.20% expense ratio, compared with 0.60% for CIBR.

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

PSWD has the higher dividend yield at 0.69%, compared with 0.49% for CIBR.

What is the main difference between PSWD and CIBR?

PSWD is categorized as Technology Equities, while CIBR is Cybersecurity. PSWD tracks Solactive Cyber Security ESG Screened Index, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.20% for PSWD and 0.60% for CIBR.

Which has better risk-adjusted returns?

CIBR currently has the higher Sharpe Ratio (0.66 vs 0.28), 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.