PXQ vs. CIBR
PXQ (Invesco Next Gen Connectivity ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 10 years, PXQ returned 18.83%/yr vs 18.23%/yr for CIBR. Their correlation of 0.82 means they have usually moved in the same direction. PXQ charges 0.40%/yr vs 0.60%/yr for CIBR.
Performance
PXQ vs. CIBR - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than CIBR's 28.86% return. Both investments have delivered pretty close results over the past 10 years, with PXQ having a 18.83% annualized return and CIBR not far behind at 18.23%.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
CIBR
- 1D
- 2.01%
- 1M
- 1.28%
- 6M
- 33.32%
- YTD
- 28.86%
- 1Y
- 29.07%
- 3Y*
- 25.07%
- 5Y*
- 13.88%
- 10Y*
- 18.23%
- ALL TIME*
- 15.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $122.47M | $134.95M | $139.60M | |
| $741.37K | $822.66K | $837.91K |
PXQ vs. CIBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
CIBR First Trust NASDAQ Cybersecurity ETF | 28.86% | 13.06% | 18.21% | 39.71% | -26.46% | 19.67% | 50.53% | 28.52% | 1.47% | 18.61% |
Correlation
The correlation between PXQ and CIBR is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.82 |
Over the past year, the correlation between PXQ and CIBR has dropped to 0.53 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
PXQ vs. CIBR — Risk / Return Rank
PXQ
CIBR
PXQ vs. CIBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | CIBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.23 | +2.08 |
| Martin ratioReturn relative to average drawdown | 13.33 | 2.85 | +10.48 |
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Drawdowns
PXQ vs. CIBR - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than CIBR's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for PXQ and CIBR.
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Drawdown Indicators
| PXQ | CIBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -33.89% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -21.99% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -21.99% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -33.89% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -33.89% | -0.66% |
Current DrawdownCurrent decline from peak | -14.80% | -3.06% | -11.74% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -8.62% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 9.49% | -4.81% |
Volatility
PXQ vs. CIBR - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 11.26% compared to First Trust NASDAQ Cybersecurity ETF (CIBR) at 7.31%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier 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
| PXQ | CIBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 7.31% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 22.34% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 25.99% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 25.28% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 23.63% | -0.08% |
PXQ vs. CIBR - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than CIBR's 0.60% expense ratio.
Dividends
PXQ vs. CIBR - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, more than CIBR's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIBR First Trust NASDAQ Cybersecurity ETF | 0.43% | 0.42% | 0.29% | 0.42% | 0.31% | 0.59% | 1.10% | 0.23% | 0.23% | 0.10% | 0.77% | 0.58% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
Frequently Asked Questions
PXQ and CIBR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (11.26%) compared to CIBR (7.31%). In terms of maximum drawdown, PXQ dropped -57.18% vs CIBR's -33.89%.
On 10-year performance, PXQ leads with 18.83% vs 18.23% for CIBR. On fees, PXQ is cheaper at 0.40% per year. On volatility, CIBR has been the lower-risk option at 7.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 18.83% return vs 18.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.60% for CIBR.
PXQ has the higher dividend yield at 0.68%, compared with 0.43% for CIBR.
PXQ is categorized as Technology Equities, while CIBR is Cybersecurity. PXQ tracks STOXX World AC NexGen Connectivity Index, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.40% for PXQ and 0.60% for CIBR.
PXQ currently has the higher Sharpe Ratio (2.27 vs 1.05), 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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