USPY.DE vs. CIBR

Last updated Jul 16, 2026

USPY.DE (L&G Cyber Security UCITS ETF) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS, while CIBR is a Cybersecurity fund tracking the Nasdaq CTA Cybersecurity Index. Both are passively managed. Over the past 10 years, USPY.DE returned 16.90%/yr vs 18.09%/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

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Cyber Security UCITS ETF (USPY.DE) and First Trust NASDAQ Cybersecurity ETF (CIBR). The values are adjusted to include any dividend payments, if applicable.

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 50.00% return, which is significantly higher than CIBR's 33.76% return. Over the past 10 years, USPY.DE has underperformed CIBR with an annualized return of 16.90%, while CIBR has yielded a comparatively higher 18.09% annualized return.

USPY.DE

• 1D: -2.33%
• 1M: 12.89%
• 6M: 52.71%
• YTD: 50.00%
• 1Y: 47.44%
• 3Y*: 29.09%
• 5Y*: 13.29%
• 10Y*: 16.90%

CIBR

• 1D: -2.19%
• 1M: 9.11%
• 6M: 30.83%
• YTD: 33.76%
• 1Y: 29.43%
• 3Y*: 26.47%
• 5Y*: 15.75%
• 10Y*: 18.09%

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

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	50.00%	-3.39%	24.34%	37.45%	-28.70%	17.00%	28.61%	34.41%	12.65%	8.93%
CIBR First Trust NASDAQ Cybersecurity ETF	33.76%	-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 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.69
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 Sep 23, 2015	0.66

The correlation between USPY.DE and CIBR has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Return for Risk

USPY.DE vs. CIBR — Risk / Return Rank

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

USPY.DE

USPY.DE Risk / Return Rank: 58
USPY.DE Sharpe Ratio Rank: 62
USPY.DE Sortino Ratio Rank: 57
USPY.DE Omega Ratio Rank: 62
USPY.DE Calmar Ratio Rank: 60
USPY.DE Martin Ratio Rank: 48

CIBR

CIBR Risk / Return Rank: 34
CIBR Sharpe Ratio Rank: 37
CIBR Sortino Ratio Rank: 37
CIBR Omega Ratio Rank: 36
CIBR Calmar Ratio Rank: 31
CIBR Martin Ratio Rank: 27

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.

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.

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.

	USPY.DE	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.14	+0.51
Sortino ratio: Return per unit of downside risk	2.22	1.65	+0.57
Omega ratio: Gain probability vs. loss probability	1.30	1.21	+0.09
Calmar ratio: Return relative to maximum drawdown	2.41	1.30	+1.11
Martin ratio: Return relative to average drawdown	6.39	2.99	+3.40

USPY.DE vs. CIBR - Sharpe Ratio Comparison

The current USPY.DE Sharpe Ratio is 1.65, which is higher than the CIBR Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of USPY.DE and CIBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USPY.DE vs. CIBR - Drawdown Comparison

The maximum USPY.DE drawdown since its inception was -36.25%, 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.

Drawdown Indicators

	USPY.DE	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-36.25%	-35.19%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-19.61%	-22.83%	+3.22%
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 Drawdown Current decline from peak	-2.33%	-2.19%	-0.14%
Average Drawdown Average peak-to-trough decline	-10.87%	-8.71%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	9.85%	-2.45%

Volatility

USPY.DE vs. CIBR - Volatility Comparison

L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 10.41% compared to First Trust NASDAQ Cybersecurity ETF (CIBR) at 7.53%. This indicates that USPY.DE'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.

Volatility by Period

	USPY.DE	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	7.53%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	25.30%	22.45%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	28.56%	25.90%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.15%	25.02%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.75%	23.97%	-0.22%

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 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.42%	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

Can I hold both USPY.DE and CIBR in my portfolio?

USPY.DE and CIBR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USPY.DE or CIBR?

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.

Which ETF is cheaper, USPY.DE or CIBR?

CIBR is cheaper with a 0.60% expense ratio, compared with 0.69% for USPY.DE.

What is the main difference between USPY.DE and CIBR?

USPY.DE is categorized as Technology Equities, while CIBR is Cybersecurity. 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.