5 Best Cybersecurity ETFs

3. Evolve Cyber Security Index Fund (TSE:CYBR-B.TO)

5-Year Performance as of August 6: 57.55%

Evolve Cyber Security Index Fund (TSE:CYBR-B.TO) aims to mirror the results of the Solactive Global Cyber Security Index Canadian Dollar Hedged. The fund mainly invests in companies, whether domestic or global, engaged in cyber security via hardware and software development. Established on September 18, 2017, the ETF charges a management fee of 0.40%. Evolve Cyber Security Index Fund (TSE:CYBR-B.TO)’s portfolio consists of 39 stocks. It is one of the best cybersecurity ETFs to invest in. 

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the top holdings of Evolve Cyber Security Index Fund (TSE:CYBR-B.TO). CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivers cloud-based security solutions for endpoints, cloud workloads, identity, and data. On July 26, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) announced that it is nearing the acquisition of cybersecurity startup Bionic.AI for an estimated acquisition cost ranging from $200 million to $300 million. Bionic.ai, based in Palo Alto, California, has secured $82 million in venture capital funding.

According to Insider Monkey’s first quarter database, 72 hedge funds were bullish on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), compared to 66 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company. 

Artisan Developing World Fund made the following comment about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q1 2023 investor letter:

“Top contributors to performance for the quarter included graphics semiconductor company Nvidia, Southeast Asian e-commerce platform Sea, Latin American marketplace MercadoLibre, online travel marketplace Airbnb, and endpoint security company CrowdStrike Holdings, Inc. (NASDAQ:CRWD). CrowdStrike rebounded as its financial results eased demand-related concerns in its core endpoint business, while adoption in platform adjacencies continued to rise.”