USPY.DE vs. CIBR
USPY.DE (L&G Cyber Security UCITS ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while CIBR tracks the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 10 years, USPY.DE returned 17.01%/yr vs 18.24%/yr for CIBR. A 0.66 correlation means they provide meaningful diversification when combined. USPY.DE charges 0.69%/yr vs 0.60%/yr for CIBR.
Performance
USPY.DE vs. CIBR - Performance Comparison
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Different Trading Currencies
USPY.DE is traded in EUR, while CIBR is traded in USD. To make them comparable, the CIBR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, USPY.DE achieves a 42.98% return, which is significantly higher than CIBR's 30.06% return. Over the past 10 years, USPY.DE has underperformed CIBR with an annualized return of 17.01%, while CIBR has yielded a comparatively higher 18.24% annualized return.
USPY.DE
- 1D
- 0.57%
- 1M
- 33.91%
- YTD
- 42.98%
- 6M
- 37.98%
- 1Y
- 37.03%
- 3Y*
- 26.40%
- 5Y*
- 13.42%
- 10Y*
- 17.01%
CIBR
- 1D
- -2.60%
- 1M
- 32.36%
- YTD
- 30.06%
- 6M
- 24.71%
- 1Y
- 23.27%
- 3Y*
- 24.92%
- 5Y*
- 17.37%
- 10Y*
- 18.24%
USPY.DE vs. CIBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 42.98% | -3.37% | 24.35% | 37.43% | -28.72% | 17.01% | 28.64% | 34.39% | 12.71% | 8.90% |
CIBR First Trust NASDAQ Cybersecurity ETF | 30.06% | -0.35% | 26.01% | 35.52% | -21.90% | 28.63% | 38.12% | 31.42% | 6.24% | 4.04% |
Correlation
The correlation between USPY.DE and CIBR is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.66 |
The correlation between USPY.DE and CIBR has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
USPY.DE vs. CIBR — Risk / Return Rank
USPY.DE
CIBR
USPY.DE vs. CIBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.DE) 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.
| USPY.DE | CIBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.02 | +0.85 |
| Martin ratioReturn relative to average drawdown | 5.05 | 2.42 | +2.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USPY.DE | CIBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.94 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.71 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.77 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.62 | +0.02 |
Drawdowns
USPY.DE vs. CIBR - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, roughly equal to the maximum CIBR drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for USPY.DE and CIBR.
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Drawdown Indicators
| USPY.DE | CIBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -35.19% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -22.83% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -24.33% | -6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -28.91% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -35.19% | +1.30% |
Current DrawdownCurrent decline from peak | 0.00% | -2.60% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -8.75% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 9.66% | -2.34% |
Volatility
USPY.DE vs. CIBR - Volatility Comparison
The current volatility for L&G Cyber Security UCITS ETF (USPY.DE) is 9.78%, while First Trust NASDAQ Cybersecurity ETF (CIBR) has a volatility of 10.75%. This indicates that USPY.DE experiences smaller price fluctuations and is considered to be less risky 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
| USPY.DE | CIBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 10.75% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 21.14% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.33% | 24.86% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 24.77% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 23.89% | -0.98% |
USPY.DE vs. CIBR - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than CIBR's 0.60% expense ratio.
Dividends
USPY.DE vs. CIBR - Dividend Comparison
USPY.DE has not paid dividends to shareholders, while CIBR's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIBR First Trust NASDAQ Cybersecurity ETF | 0.45% | 0.42% | 0.29% | 0.42% | 0.31% | 0.59% | 1.10% | 0.23% | 0.23% | 0.10% | 0.77% | 0.58% |
USPY.DE L&G Cyber Security UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USPY.DE and CIBR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIBR is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIBR is cheaper with a 0.60% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while CIBR tracks Nasdaq CTA Cybersecurity Index. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.69% for USPY.DE and 0.60% for CIBR.
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