At a glance
WCBR charges 0.45% a year, above the 0.44% average of the 8 funds most like it (the 4th cheapest of 9). It has $103.0M in assets, the 6th largest of that group. Over the past year it returned +60.5% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +39.5% a year. At its worst it fell 37.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 58.7% of the fund, out of 25 in all.
The short version
WisdomTree Cybersecurity Fund (WCBR) is an index ETF that tracks the WisdomTree Team8 Cybersecurity Index. It holds about 25 mostly US cybersecurity companies, such as CrowdStrike, Datadog and Palo Alto Networks. The index only admits companies whose revenue is growing, which tilts it toward fast-growing firms and has led to big swings: the fund lost 41.6% in 2022 and gained 66.4% in 2023. Its 0.45% expense ratio is close to the 0.44% peer average.
Price history
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WCBR +60.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| WCBR official prospectus, to Dec 31, 2025 | — | -1.73% | — | +3.03% | — | — |
| Wisdom Tree Team8 Cybersecurity Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | -1.30% | — | +3.33% | — | — |
| Index32 index, same period | — | +24.04% | — | +20.98% | — | — |
| Index33 index, same period | — | +22.18% | — | +15.07% | — | — |
| WCBR price data to Oct 27, 2026 | +86.7% | +60.5% | +39.5% | +12.9% | — | +14.6% |
- Over the year to Oct 27, 2026, WCBR returned +60.5%, 1st of 9 among similar funds.
- Its 5-year annualized return was +12.9%.
- Its worst full calendar year was 2022 (-42.0%); its best was 2023 (+66.6%).
- The deepest fall in its price history was 52.3% (Nov 9, 2021 to Jan 5, 2023), recovered by Dec 4, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +86.7% | — |
| 2025 | -1.4% | -1.73% |
| 2024 | +11.4% | +11.82% |
| 2023 | +66.6% | +66.40% |
| 2022 | -42.0% | -41.57% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 37.5% over that stretch · deepest drop along the way 37.7%, back to its old high 14.3 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2024 | $0.0100 | +150.0% |
| 2022 | $0.0040 |
What's inside
As of Jun 30, 2026, the fund held 25 securities; the ten largest made up 58.7% of assets.
| Holding | Weight | |
|---|---|---|
| CROWDSTRIKE HOLDINGS INC | 7.73% | |
| DATADOG INC | 6.87% | |
| PALO ALTO NETWORKS INC | 6.75% | |
| TENABLE HOLDINGS INC | 6.13% | |
| FORTINET INC | 6.12% | |
| OKTA INC | 5.81% | |
| SENTINELONE INC | 5.51% | |
| RUBRIK INC | 4.99% | |
| COMMVAULT SYSTEMS INC | 4.41% | |
| VARONIS SYSTEMS INC | 4.37% | |
| ZSCALER INC | 4.16% | |
| CLOUDFLARE INC | 3.89% | |
| NETSKOPE INC | 3.84% | |
| F5 INC | 3.72% | |
| TREND MICRO INC | 3.66% |
By country
United States 89.02%Japan 4.96%Israel 2.83%Netherlands 2.78%South Korea 0.32%By asset type
Stocks 99.91%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $4.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +3.94%, +34.13%, +4.50%.
How it works
WCBR is passively managed. It aims to match the WisdomTree Team8 Cybersecurity Index before fees. WisdomTree created the index and also owns the fund's adviser, WisdomTree Asset Management. The fund uses "representative sampling," which means it may hold a sample of the index's stocks chosen to behave like the whole index, rather than every stock. Under normal conditions, at least 80% of its net assets go into exchange-listed cybersecurity companies from around the world.
To join the index, a company must get at least 50% of its revenue from cybersecurity themes such as cloud security, privacy and digital trust, and resilience and recovery. A new company needs revenue growth of at least 7% over the past three years, and an existing member needs at least 5%. It also needs a market value of at least $300 million and median daily trading of at least $1 million in each of the past three months. The index is rebuilt and rebalanced twice a year.
The result is a concentrated portfolio. As of June 30, 2026, the top 10 holdings made up 58.7% of the fund and US companies about 89%. As of September 30, 2026, the fund was concentrated in the Software & Services industry group. The fund usually pays redemptions in cash, so it may have to sell holdings and realize capital gains. That can lead to taxable distributions.
What it really costs
- WCBR charges 0.45% a year, versus an average of 0.44% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $46 in the first year and $567 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| WCBR | $46 | $144 | $252 | $567 |
In a retirement portfolio
It is a concentrated bet on about 25 growth-oriented cybersecurity stocks with large swings and no income, so it fits as a small add-on rather than a foundation.
WCBR could add focused exposure to cybersecurity growth companies, but it behaves like an aggressive growth fund. It launched in January 2021, so it has no record from the 2008 or 2020 crashes. In the 2022 bear market it fell about 38% between April 4 and October 12, 2022, and recovered in December 2023, about 14 months later. Its deepest drop was 52%, from November 2021 to January 2023. It took 23 months after that low to recover, in December 2024. Its worst calendar year was 2022, when it lost about 42%. Selling shares in a year like that would lock in large losses. It paid no distributions in the year through October 27, 2026, so any withdrawals would have to come from selling shares. In the SEC's standard example, the 0.45% expense ratio costs $46 in the first year on $10,000. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, targeted stake in about 25 cybersecurity firms, such as CrowdStrike, Palo Alto Networks and Fortinet, alongside a diversified core.
- Those who prefer an index that requires revenue growth and at least 50% of revenue from cybersecurity, instead of broad technology exposure.
- Long-horizon holders who could sit through drops like the 52% fall from November 2021 to January 2023 without needing to sell.
Look elsewhere if
- Retirees who need income: the fund paid no distributions in the year through October 27, 2026.
- Cost-focused investors: PSWD charges 0.20% and SPAM 0.35%, compared with WCBR's 0.45%, though both are much smaller funds.
- Anyone who wants broad diversification: about 89% is in US stocks, and the fund is concentrated in the Software & Services industry group.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| WCBR this fund | — | 0.45% | $103.0M | +60.5% | +39.5% |
| BUG Global X Cybersecurity ETF | 75% | 0.51% | $1.73B | +46.9% | +32.4% |
| SPAM Themes Cybersecurity ETF | 65% | 0.35% | $5.0M | +40.6% | — |
| HACK Amplify Cybersecurity ETF | 64% | 0.6% | $2.59B | +50.8% | +39.0% |
| PSWD Xtrackers Cybersecurity Select Equity ETF | 59% | 0.2% | $5.3M | +36.2% | +29.8% |
| IHAK iShares Cybersecurity & Tech ETF | 55% | 0.47% | $1.02B | +47.0% | +28.7% |
| CIBR First Trust NASDAQ Cybersecurity ETF | 51% | 0.59% | $13.84B | +25.8% | +29.6% |
| CLOD Themes Cloud Computing ETF | 28% | 0.35% | $2.5M | +1.1% | — |
Questions investors ask
Does WCBR pay a dividend?
No. WCBR paid no distributions in the year through October 27, 2026, and its yield was 0% as of that date. The fund holds growth-oriented cybersecurity companies like CrowdStrike, Datadog and Palo Alto Networks, which often reinvest their earnings instead of paying dividends. Anyone looking for regular income from this fund would have to sell shares. Because the fund pays redemptions in cash, it may still make occasional capital gains distributions.
What's the difference between WCBR and BUG?
Both are cybersecurity index ETFs, and about 75% of their holdings overlap, based on their latest N-PORT reports. WCBR charges 0.45% a year and BUG charges 0.51%. BUG is much larger, with about $1.7 billion in net assets as of August 31, 2026, compared with WCBR's roughly $103 million as of June 30, 2026. WCBR returned 60.5% over the year to October 27, 2026, versus 46.9% for BUG.
What is the WCBR expense ratio?
WCBR's expense ratio is 0.45%, according to its prospectus filed October 28, 2026. That is close to the 0.44% average of similar cybersecurity funds and ranks 4th lowest of 9. In the SEC's standard example, which assumes $10,000 invested and a 5% annual return, total costs would be about $46 after one year, $144 after three years, $252 after five years and $567 after ten years.
What are WCBR's top holdings?
As of June 30, 2026, WCBR's largest holdings were CrowdStrike (7.7%), Datadog (6.9%), Palo Alto Networks (6.8%), Tenable (6.1%) and Fortinet (6.1%). Okta, SentinelOne, Rubrik, Commvault and Varonis rounded out the top 10, which together made up 58.7% of the fund. It held about 25 stocks, and about 89% of the fund was in US companies. Japan's Trend Micro was the largest non-US holding.
How much did WCBR lose in 2022?
WCBR lost 41.57% in calendar 2022, according to its prospectus. That was its worst year since it launched in January 2021. Its deepest drop overall was 52%, from November 9, 2021, to January 5, 2023. It got back to its old high on December 4, 2024, 23 months after the low. It then gained 66.4% in 2023, which shows how widely this fund can swing.