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, identified by the ticker SKYY, operates within the Technology category and is managed by the issuer First Trust. This fund currently holds an asset base of $2.72 billion and trades at a price of $137.90 per share. It carries an expense ratio of 0.6% and offers a dividend yield of 0.00%, indicating no current income distribution to shareholders. In terms of broader market positioning, the ETF holds an overall rank of #400 out of 458 tracked funds across all categories, receiving an ETFValuer grade of D with a score of 45.4 out of 100. The fund is one of 17 ETFs tracked in its specific Technology category. The combination of its substantial asset under management and its lower ranking suggests a specific level of investor adoption relative to its peers in the sector.

Short-term performance data shows the fund gained 1.52% over one day and 1.38% over one week, followed by a 6.43% increase over the past month. Over the longer horizon, the fund posted a year-to-date return of 7.93% and a one-year return of 10.62%. A significant acceleration in performance is evident when examining the three-year period, which recorded a return of 77.18%. The six-month return of 8.96% and the three-month return of 15.66% indicate varying rates of growth across different intermediate timeframes. The data presents a pattern where the three-year return substantially exceeds the one-year and year-to-date figures, highlighting a divergence between recent and extended historical performance.

The fund is assigned a High volatility label and possesses a beta of 1.31, suggesting it experiences greater price fluctuations than the broader market. This elevated volatility is reflected in a maximum drawdown of -31.80%, indicating the largest peak-to-trough decline recorded for the ETF. The Sharpe ratio of 0.19 implies that the risk-adjusted returns have been relatively low compared to the volatility incurred. Together, these metrics describe a fund that exhibits aggressive price movements with significant downside potential during market declines. The combination of a high beta and a substantial maximum drawdown points to a profile where the fund tends to amplify market moves in both directions.

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

SKYY Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 35.5% 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 — WTAI overlaps most, holding 3 of the same companies as SKYY's top 10 (10.9% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 0.33% and average daily volume is 354K/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 $2.72B 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