PSWD vs. MSFT

Last updated Jun 4, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) is Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while MSFT (Microsoft Corporation) is a stock. Over the past year, PSWD returned 15.26% vs -6.96% for MSFT. At a 0.49 correlation, their price movements are largely independent.

Performance

PSWD vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSWD achieves a 22.48% return, which is significantly higher than MSFT's -11.24% return.

PSWD

• 1D: -3.24%
• 1M: 22.87%
• YTD: 22.48%
• 6M: 16.89%
• 1Y: 15.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFT

• 1D: -3.17%
• 1M: 3.54%
• YTD: -11.24%
• 6M: -10.15%
• 1Y: -6.96%
• 3Y*: 9.26%
• 5Y*: 12.17%
• 10Y*: 25.03%

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

PSWD vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	22.48%	1.69%	9.46%	18.58%
MSFT Microsoft Corporation	-11.24%	15.58%	12.93%	10.20%

Correlation

The correlation between PSWD and MSFT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.49

Return for Risk

PSWD vs. MSFT — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 18
PSWD Sharpe Ratio Rank: 19
PSWD Sortino Ratio Rank: 18
PSWD Omega Ratio Rank: 19
PSWD Calmar Ratio Rank: 17
PSWD Martin Ratio Rank: 16

MSFT

MSFT Risk / Return Rank: 29
MSFT Sharpe Ratio Rank: 29
MSFT Sortino Ratio Rank: 25
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 33
MSFT Martin Ratio Rank: 33

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. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Microsoft Corporation (MSFT). 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	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	0.60	-0.28	+0.88
Sortino ratio: Return per unit of downside risk	0.95	-0.21	+1.17
Omega ratio: Gain probability vs. loss probability	1.12	0.97	+0.15
Calmar ratio: Return relative to maximum drawdown	0.65	-0.21	+0.85
Martin ratio: Return relative to average drawdown	1.47	-0.44	+1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSWD vs. MSFT - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.60, which is higher than the MSFT Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of PSWD and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSWD	MSFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	-0.28	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.75	+0.02

Drawdowns

PSWD vs. MSFT - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for PSWD and MSFT.

Drawdown Indicators

	PSWD	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-69.38%	+45.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-33.91%	+10.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-3.32%	-20.67%	+17.35%
Average Drawdown Average peak-to-trough decline	-6.46%	-21.78%	+15.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	15.95%	-5.57%

Volatility

PSWD vs. MSFT - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 11.00% compared to Microsoft Corporation (MSFT) at 9.95%. This indicates that PSWD's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSWD	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	9.95%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	22.34%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	25.12%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	26.63%	-2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	27.04%	-3.36%

Dividends

PSWD vs. MSFT - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.72%, less than MSFT's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.83%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.72%	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 MSFT in my portfolio?

PSWD and MSFT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or MSFT?

PSWD has higher volatility (11.00%) compared to MSFT (9.95%). In terms of maximum drawdown, PSWD dropped -23.70% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

PSWD currently has the higher Sharpe Ratio (0.60 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.