PSWD vs. ESTC
PSWD (Xtrackers Cybersecurity Select Equity ETF) is Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while ESTC (Elastic N.V.) is a stock. Over the past 3 years, PSWD returned 17.15%/yr vs -0.46%/yr for ESTC. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
PSWD vs. ESTC - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD achieves a 26.31% return, which is significantly higher than ESTC's -12.79% return.
PSWD
- 1D
- 1.28%
- 1M
- -1.30%
- 6M
- 26.74%
- YTD
- 26.31%
- 1Y
- 20.73%
- 3Y*
- 17.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.24%
ESTC
- 1D
- 2.40%
- 1M
- 13.35%
- 6M
- -0.21%
- YTD
- -12.79%
- 1Y
- -17.33%
- 3Y*
- -0.46%
- 5Y*
- -14.98%
- 10Y*
- —
- ALL TIME*
- -0.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ESTC Elastic N.V. | $96.40M | $98.50M | $118.76M |
| $62.12K | $66.88K | $71.33K |
PSWD vs. ESTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSWD Xtrackers Cybersecurity Select Equity ETF | 26.31% | 1.69% | 9.46% | 18.58% |
ESTC Elastic N.V. | -12.79% | -23.86% | -12.09% | 59.25% |
Correlation
The correlation between PSWD and ESTC is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023 | 0.60 |
The correlation between PSWD and ESTC has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.
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Return for Risk
PSWD vs. ESTC — Risk / Return Rank
PSWD
ESTC
PSWD vs. ESTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Elastic N.V. (ESTC). 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 | ESTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.40 | +1.19 |
| Martin ratioReturn relative to average drawdown | 1.78 | -0.69 | +2.47 |
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Drawdowns
PSWD vs. ESTC - Drawdown Comparison
The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum ESTC drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for PSWD and ESTC.
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Drawdown Indicators
| PSWD | ESTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -76.82% | +53.12% |
Max Drawdown (1Y)Largest decline over 1 year | -23.70% | -54.17% | +30.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -67.64% | +43.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.82% | — |
Current DrawdownCurrent decline from peak | -6.86% | -64.78% | +57.92% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -40.46% | +34.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 31.02% | -20.47% |
Volatility
PSWD vs. ESTC - Volatility Comparison
The current volatility for Xtrackers Cybersecurity Select Equity ETF (PSWD) is 8.88%, while Elastic N.V. (ESTC) has a volatility of 10.68%. This indicates that PSWD experiences smaller price fluctuations and is considered to be less risky than ESTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSWD | ESTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 10.68% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 41.43% | -18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 52.21% | -24.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 59.19% | -35.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 57.66% | -33.61% |
Dividends
PSWD vs. ESTC - Dividend Comparison
PSWD's dividend yield for the trailing twelve months is around 0.62%, while ESTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ESTC Elastic N.V. | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD Xtrackers Cybersecurity Select Equity ETF | 0.62% | 0.88% | 1.49% | 0.55% |
Frequently Asked Questions
PSWD and ESTC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESTC has higher volatility (10.68%) compared to PSWD (8.88%). In terms of maximum drawdown, PSWD dropped -23.70% vs ESTC's -76.82%.
PSWD currently has the higher Sharpe Ratio (0.69 vs -0.41), 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.
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