PSWD
Xtrackers Cybersecurity Select Equity ETF
PSWD tracks a market cap-weighted index of companies globally that are engaged in the cybersecurity industry. The index screens securities based on various ESG criteria provided by Sustainalytics.
Global
EQUITY
Rules-based
MANAGEMENT STYLE
7.8 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Xtrackers |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 12, 2023 |
| Assets (mns) | $8 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TREND MICRO INC | 5.7 % |
| OKTA, INC. CLASS A | 5.6 % |
| CHECK POINT SOFTWARE TECH | 5.4 % |
| ZSCALER, INC. | 4.8 % |
| FORTINET INC | 4.5 % |
| PALO ALTO NETWORKS INC | 4.5 % |
| CYBERARK SOFTWARE LTD. | 4.2 % |
| QUALYS INC | 4.0 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 4.0 % |
| VARONIS SYSTEMS INC | 3.9 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 313 |
| Wgt avg mkt cap (mns) | $21,347 |
| Large cap (>$10bn) | 38.2% |
| Mid cap ($2-10bn) | 38.8% |
| Small cap (<$2bn) | 16.5% |
| Developed mkts. | 86.3% |
| Emerging mkts. | 7.2% |
Country Exposure
 |
UNITED STATES | 51.8 % |
 |
JAPAN | 13.7 % |
 |
ISRAEL | 9.8 % |
 |
AUSTRALIA | 3.2 % |
 |
CHINA | 2.7 % |
 |
BRITAIN | 2.2 % |
 |
MALAYSIA | 2.1 % |
 |
GERMANY | 1.8 % |
 |
CANADA | 1.7 % |
 |
TAIWAN | 1.4 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.1% | 16.0% | 15.5% | -- | -- | -- | -- | 18.6% |
| Dividend Yield | 0.1% | 1.6% | 1.2% | -- | -- | -- | -- | 0.4% |
| Total Returns | 8.2% | 17.6% | 16.7% | -- | -- | -- | -- | 19.0% | Ann. Volatility | 26.7% | 24.3% | 22.4% | -- | -- | -- | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 47% |
| MSCI EAFE | 0.18 | 2% |
| MSCI Emg Mkts | 0.02 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| Recent close | $34.60 |
| 30d moving avg. | $36.08 |
| Annualized volatility | 15.5% |
| Relative strength (RSI) | 43 |
| Short interest | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| SPAM | Themes Cybersecurity ETF | 57.2% | +15 bp | +2.1% |
| BUG | Global X Cybersecurity ETF | 54.0% | +31 bp | +2.4% |
| IHAK | iShares Cybersecurity & Tech ETF | 53.7% | +27 bp | +4.0% |
| WCBR | WisdomTree Cybersecurity Fund | 52.2% | +25 bp | +1.9% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 44.9% | +40 bp | +3.5% |
| CIBR | First Trust NASDAQ Cybersecurity ETF | 36.2% | +40 bp | +4.1% |
| FITE | SPDR S&P Kensho Future Security ETF | 21.6% | +25 bp | +1.8% |
| WFH | Direxion Work From Home ETF | 21.0% | +25 bp | +4.0% |
| XDAT | Franklin Exponential Data ETF | 16.0% | +30 bp | +2.2% |
| XITK | SPDR FactSet Innovative Technology ETF | 15.9% | +25 bp | -0.3% |
Risk and Returns: PSWD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/17/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PSWD
3.3%
Cat. Avg
4.4%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.4% and a standard deviation of
3.3%. PSWD's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places PSWD in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PSWDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (20 bp) Percentile rank | 3 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSWD | 20.0 | 0.0 | 20 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .