North American Tech Software ETF Falls 1.83%, Cybersecurity ETFs Slide

The broad-based software ETF decline outpacing the more contained cybersecurity ETF losses suggests that the selloff is not sector-specific to security, but rather a broader tech repricing. Cybersecurity's relative resilience—with the most specialized ETFs falling the least—points to investor differentiation within the tech space, possibly reflecting stronger defensive demand narratives for security software. The key question is whether this dispersion widens as broader software weakness persists, or if cybersecurity names eventually catch down to the sector average. Watch for whether the gap between the general software index and cybersecurity ETFs narrows or expands in the next sessions.