Cybersecurity
Security budgets are the least discretionary line in enterprise IT, and AI raises both the threat surface and the product opportunity. Small by S&P 500 construction — most pure plays live outside the index — so treat it as a signal of the complex, not full coverage.
Performance
Follow the theme against the wider market.
Series before each basket's creation date are a backtest of the membership as of creation; live tracking starts at creation.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Basket | -0.6% | -3.6% | -3.2% | +11.3% | -5.8% | +58.4% | +68.2% |
| vs S&P 500 | -0.2% | -3.8% | -2.8% | +4.7% | -6.2% | +39.9% | +40.7% |
Inside the basket · 6 stocks
Current members and the reasoning behind each inclusion. Returns are for individual stocks.
| Why it’s included | Added | |||||
|---|---|---|---|---|---|---|
| GEN | Consumer security annuity | -2.2% | -1.2% | +5.5% | +14.4% | 2026-06-11 |
| CRWD | Endpoint/XDR share gainer | -0.9% | -2.4% | -0.6% | +81.8% | 2026-06-11 |
| FTNT | Firewall + SASE installed base | -0.0% | -5.8% | -2.1% | +96.8% | 2026-06-11 |
| AKAM | Edge security pivot | -1.2% | -2.1% | -4.8% | +20.6% | 2026-06-11 |
| PANW | Platform consolidation leader | +0.4% | -10.3% | -8.4% | +80.9% | 2026-06-11 |
| CSCO | Splunk + security networking attach | +0.5% | -0.7% | -10.1% | +43.8% | 2026-06-11 |
How this basket is built
Equal-weighted, monthly-rebalanced, buy-and-hold between rebalances; dated membership changes take effect same-day.
Tracked since 2026-06-11. Membership decisions are documented below.
Read the methodology →Reading the returns
Basket returns include dividends. “vs S&P 500” compares the basket’s compounded growth with the benchmark’s. Green means positive; red means negative.
Cross-checked against CIBR. Daily return correlation: 0.92 across 1678 sessions. most listed pure plays trade outside the S&P 500 — the FW 3000 version holds them; the S&P version is the index-eligible subset
Membership history & changes
- expand
FW 3000 pass: added ZS, OKTA, NET, S, TENB, QLYS, RBRK, VRNS — names outside the S&P 500 but inside our broad universe; they count only in the FW 3000 version of this basket. Effective-dated to creation so the broad backtest covers the full set. The S&P 500 basket is unchanged.
- review
Widening pass reviewed and deliberately unchanged: the S&P 500 contains no further security pure plays (Zscaler, Okta, CyberArk et al. live outside the index). Reference pinned to CIBR.
- create
Initial composition: index-constrained six.