PSWD vs. TRSY

Last updated Jun 4, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past year, PSWD returned 15.26% vs 4.00% for TRSY. At a correlation of -0.07, they often move in opposite directions. PSWD charges 0.20%/yr vs 0.06%/yr for TRSY.

Performance

PSWD vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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 TRSY's 1.50% return.

PSWD

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

TRSY

• 1D: 0.07%
• 1M: 0.32%
• YTD: 1.50%
• 6M: 1.80%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSWD vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSWD Xtrackers Cybersecurity Select Equity ETF	22.48%	1.69%	1.61%
TRSY Xtrackers US 0-1 Year Treasury ETF	1.50%	4.22%	1.07%

Correlation

The correlation between PSWD and TRSY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	-0.07

Return for Risk

PSWD vs. TRSY — 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

TRSY

TRSY Risk / Return Rank: 100
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 100
TRSY Omega Ratio Rank: 100
TRSY Calmar Ratio Rank: 100
TRSY Martin Ratio Rank: 100

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. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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	TRSY	Difference
Sharpe ratio: Return per unit of total volatility	0.60	10.56	-9.96
Sortino ratio: Return per unit of downside risk	0.95	28.65	-27.70
Omega ratio: Gain probability vs. loss probability	1.12	6.84	-5.72
Calmar ratio: Return relative to maximum drawdown	0.65	60.65	-60.01
Martin ratio: Return relative to average drawdown	1.47	385.94	-384.47
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. TRSY - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.60, which is lower than the TRSY Sharpe Ratio of 10.56. The chart below compares the historical Sharpe Ratios of PSWD and TRSY, 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	TRSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	10.56	-9.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	3.91	-3.14

Drawdowns

PSWD vs. TRSY - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for PSWD and TRSY.

Drawdown Indicators

	PSWD	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-0.82%	-22.88%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-0.07%	-23.63%
Current Drawdown Current decline from peak	-3.32%	0.00%	-3.32%
Average Drawdown Average peak-to-trough decline	-6.46%	-0.06%	-6.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	0.01%	+10.37%

Volatility

PSWD vs. TRSY - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 11.00% compared to Xtrackers US 0-1 Year Treasury ETF (TRSY) at 0.11%. This indicates that PSWD's price experiences larger fluctuations and is considered to be riskier than TRSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSWD	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	0.11%	+10.89%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	0.24%	+20.63%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	0.38%	+25.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	1.07%	+22.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	1.07%	+22.61%

PSWD vs. TRSY - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is higher than TRSY's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PSWD vs. TRSY - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.72%, less than TRSY's 3.72% yield.

Position	TTM	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	0.72%	0.88%	1.49%	0.55%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.72%	4.00%	0.96%	0.00%

Frequently Asked Questions

Can I hold both PSWD and TRSY in my portfolio?

PSWD and TRSY have a correlation of -0.07, 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 TRSY?

PSWD has higher volatility (11.00%) compared to TRSY (0.11%). In terms of maximum drawdown, PSWD dropped -23.70% vs TRSY's -0.82%.

Which ETF is better, PSWD or TRSY?

On 1-year performance, PSWD leads with 15.26% vs 4.00% for TRSY. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or TRSY?

Over the 1-year period, PSWD has performed better with a 15.26% return vs 4.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.20% for PSWD.

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

TRSY has the higher dividend yield at 3.72%, compared with 0.72% for PSWD.

What is the main difference between PSWD and TRSY?

PSWD is categorized as Technology Equities, while TRSY is Government Bonds. PSWD tracks Solactive Cyber Security ESG Screened Index, while TRSY tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.20% for PSWD and 0.06% for TRSY.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (10.56 vs 0.60), 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.