SKYY — First Trust Cloud Computing ETF

SKYY Price Performance — Growth of $10,000

Value of a $10,000 investment in SKYY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SKYY Drawdown

The "underwater" chart: SKYY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The First Trust Cloud Computing ETF, issued by First Trust, is a $3.39 billion fund tracking the technology category, where it ranks 13th out of 17 peers. It holds an ETFValuer grade of C with a score of 55.3 out of 100, reflecting a cost structure that exceeds the category median expense ratio of 0.37% with its 0.6% fee. The fund generates no dividend yield, which sits below the category median of 0.13%, and its top ten holdings comprise only 36.2% of assets, with Arista Networks Inc representing the largest single position at 4.2%.

The fund’s rating was upgraded from D to C on 2026-08-04, though price history is available for only 3.0 years. Short-term momentum has accelerated significantly, with returns of 42.76% over six months and 26.45% year-to-date, contrasting with recent weekly declines of 2.17% and daily drops of 1.44%. Despite this recent strength, the one-year return of 26.45% trails the category median of 38.69%, indicating relative underperformance over the longer horizon. The current price of $161.56 places the ETF at 88.5% of its 52-week range, suggesting it is trading near the upper end of its recent valuation band.

With a beta of 1.35, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility stands at 29.91%, classified as High, which coincides with a maximum drawdown of -31.80%. A Sharpe ratio of 0.72 suggests that the risk-adjusted returns have been moderate relative to the volatility experienced. Liquidity is constrained by an average daily volume of 315,349 shares and a wide bid-ask spread of 6.31%, which may increase trading costs for investors.

AI-generated summary based on the data on this page.

SKYY Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 36.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SKYY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SKYY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SKYY's top 10 — FDN overlaps most, holding 3 of the same companies as SKYY's top 10 (11.3% of SKYY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SKYY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 6.31% and average daily volume is 315K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.39B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SKYY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SKYY Performance History

How SKYY Compares to Other Technology ETFs