"The macro backdrop is complicated right now. The VIX sits near 26.8, placing current volatility in the 93rd percentile relative to the past year. The 10-year Treasury yield has jumped from 4.09% in early March to 4.39% as of March 20, 2026, a move that matters more for one of these funds than the other."
"Fintech companies, many of which are growth-stage businesses carrying high valuation multiples, face direct headwinds from rising rates. Cybersecurity firms, by contrast, sell something enterprises treat as non-discretionary: security budgets rarely get cut even when CFOs are tightening elsewhere."
"FINX tracks the Indxx Global FinTech Thematic Index, giving investors concentrated access to companies disrupting traditional financial services. The fund holds 67 positions across payments, lending, blockchain infrastructure, and financial software."
"The top holdings read like a map of where financial services are heading. Coinbase sits at 6.2% of the portfolio, Block at 5.5%, SoFi at 5.3%, Intuit at 5%, and PayPal at 4.4%."
FINX has declined nearly 17% this year, while CIBR has lost about 9%. The macroeconomic environment, characterized by high volatility and rising Treasury yields, affects fintech and cybersecurity differently. Fintech companies face challenges from rising rates due to their growth-stage nature, while cybersecurity budgets remain stable. FINX focuses on fintech innovations, holding 67 positions in areas like payments and blockchain, with significant investments in companies like Coinbase and PayPal. The choice between these ETFs depends on the desired exposure to fintech or cybersecurity.
Read at 24/7 Wall St.
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