WCBR vs. PSI

Last updated Jun 5, 2026

WCBR (WisdomTree Cybersecurity Fund) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index, while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 5 years, WCBR returned 9.52%/yr vs 31.49%/yr for PSI. A 0.56 correlation means they provide meaningful diversification when combined. WCBR charges 0.45%/yr vs 0.56%/yr for PSI.

Performance

WCBR vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cybersecurity Fund (WCBR) and Invesco Semiconductors ETF (PSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCBR achieves a 25.14% return, which is significantly lower than PSI's 104.81% return.

WCBR

• 1D: -1.33%
• 1M: 25.44%
• YTD: 25.14%
• 6M: 18.78%
• 1Y: 11.73%
• 3Y*: 21.52%
• 5Y*: 9.52%
• 10Y*: —

PSI

• 1D: -1.40%
• 1M: 15.64%
• YTD: 104.81%
• 6M: 101.91%
• 1Y: 200.06%
• 3Y*: 57.17%
• 5Y*: 31.49%
• 10Y*: 34.03%

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

WCBR vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCBR WisdomTree Cybersecurity Fund	25.14%	-1.44%	11.42%	66.63%	-41.96%	6.99%
PSI Invesco Semiconductors ETF	104.81%	36.32%	17.17%	49.06%	-34.43%	38.00%

Correlation

The correlation between WCBR and PSI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.56

Over the past year, the correlation between WCBR and PSI has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

WCBR vs. PSI - Sectors Allocation Comparison

Sectors	WCBR	PSI
Technology	100.0%	97.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	2.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

WCBR vs. PSI — Risk / Return Rank

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

WCBR

WCBR Risk / Return Rank: 15
WCBR Sharpe Ratio Rank: 15
WCBR Sortino Ratio Rank: 16
WCBR Omega Ratio Rank: 16
WCBR Calmar Ratio Rank: 14
WCBR Martin Ratio Rank: 14

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 94
PSI Omega Ratio Rank: 94
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 97

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.

WCBR vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cybersecurity Fund (WCBR) and Invesco Semiconductors ETF (PSI). 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.

	WCBR	PSI	Difference
Sharpe ratio: Return per unit of total volatility	0.37	5.34	-4.98
Sortino ratio: Return per unit of downside risk	0.70	4.97	-4.27
Omega ratio: Gain probability vs. loss probability	1.09	1.67	-0.58
Calmar ratio: Return relative to maximum drawdown	0.39	13.01	-12.62
Martin ratio: Return relative to average drawdown	0.90	47.17	-46.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCBR vs. PSI - Sharpe Ratio Comparison

The current WCBR Sharpe Ratio is 0.37, which is lower than the PSI Sharpe Ratio of 5.34. The chart below compares the historical Sharpe Ratios of WCBR and PSI, 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

	WCBR	PSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	5.34	-4.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.84	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.59	-0.39

Drawdowns

WCBR vs. PSI - Drawdown Comparison

The maximum WCBR drawdown since its inception was -52.25%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for WCBR and PSI.

Drawdown Indicators

	WCBR	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-62.96%	+10.71%
Max Drawdown (1Y) Largest decline over 1 year	-29.92%	-15.48%	-14.44%
Max Drawdown (3Y) Largest decline over 3 years	-30.27%	-41.07%	+10.80%
Max Drawdown (5Y) Largest decline over 5 years	-52.25%	-44.85%	-7.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.85%	—
Current Drawdown Current decline from peak	-5.82%	-1.40%	-4.42%
Average Drawdown Average peak-to-trough decline	-20.35%	-15.93%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.04%	4.26%	+8.78%

Volatility

WCBR vs. PSI - Volatility Comparison

WisdomTree Cybersecurity Fund (WCBR) and Invesco Semiconductors ETF (PSI) have volatilities of 13.74% and 13.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCBR	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	13.55%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	27.29%	30.12%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	32.18%	37.72%	-5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.61%	37.84%	-4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.58%	35.09%	-1.51%

WCBR vs. PSI - Expense Ratio Comparison

WCBR has a 0.45% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

WCBR vs. PSI - Dividend Comparison

WCBR has not paid dividends to shareholders, while PSI's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSI Invesco Semiconductors ETF	0.05%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCBR and PSI in my portfolio?

WCBR and PSI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCBR or PSI?

WCBR has higher volatility (13.74%) compared to PSI (13.55%). In terms of maximum drawdown, WCBR dropped -52.25% vs PSI's -62.96%.

Which ETF is better, WCBR or PSI?

On 5-year performance, PSI leads with 31.49% vs 9.52% for WCBR. On fees, WCBR is cheaper at 0.45% per year. On volatility, PSI has been the lower-risk option at 13.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCBR or PSI?

Over the 5-year period, PSI has performed better with a 31.49% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCBR or PSI?

WCBR is cheaper with a 0.45% expense ratio, compared with 0.56% for PSI.

Which ETF pays a higher dividend yield, WCBR or PSI?

PSI has the higher dividend yield at 0.05%, compared with 0.00% for WCBR.

What is the main difference between WCBR and PSI?

WCBR is categorized as Technology Equities, while PSI is Semiconductors. WCBR tracks WisdomTree Team8 Cybersecurity Index, while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WCBR and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (5.34 vs 0.37), 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.