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

First Trust issues the First Trust Cloud Computing ETF, a technology-focused vehicle managing $3.33 billion in assets. It holds a C grade with a score of 60.9 out of 100, placing it 14th out of 17 peers in its category and 222nd of 458 across all categories. The fund charges an expense ratio of 0.6%, which is notably higher than the category median of 0.37%. It does not distribute dividends, deviating from the category median yield of 0.19%. Top holdings represent 36.2% of assets, with ARISTA NETWORKS INC serving as the largest single position at 4.2%.

The ETF has a three-year price history and has maintained a grade C rating for the last 35 tracked days. Short-term momentum is evident with a 1D gain of 1.85% and a 1W increase of 5.58%, while the 1M return stands at +0.27%. Longer-term performance shows significant strength, with a 1Y return of 24.50% and a 3Y return of 132.70%. Despite this strong yearly gain, the 1-year figure trails the category median of 29.02%. The current price of $167.36 sits at 88.3% of its 52-week range, indicating it is near the top of its recent trading band.

This fund exhibits a beta of 1.35, meaning it moves 135% as much as the market. It has an annualised volatility of 30.91%, which is classified as Very High. The Sharpe ratio of 0.63 suggests a moderate risk-adjusted return profile relative to the risk taken. The maximum drawdown recorded is -31.80%, highlighting substantial potential for capital loss during downturns. Liquidity is supported by an average daily volume of 243,270 shares, facilitating standard trading activity.

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SKYY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 243K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.33B 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