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ETFs

First Trust Cloud Computing ETF

SKYY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 05 2011
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$13,806,168
AUM
$2,643,200,151
Associated Index
ISE CTA Cloud Computing Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NTNX
Nutanix Inc - Ordinary Shares - Class A
4.48%
IBM
International Business Machines Corp.
3.97%
MSFT
Microsoft Corporation
3.84%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.80%
PSTG
Pure Storage Inc - Ordinary Shares - Class A
3.76%
AMZN
Amazon.com Inc.
3.72%
ANET
Arista Networks Inc
3.67%
ORCL
Oracle Corp.
3.60%
MDB
MongoDB Inc - Ordinary Shares - Class A
2.91%
AKAM
Akamai Technologies Inc
2.71%
Invest with SKYY

What is SKYY?

The First Trust Cloud Computing Index Fund seeks investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the ISE CTA Cloud Computing Index. The index is a modified equal dollar weighted index designed to track the performance of companies actively involved in the cloud computing industry. To be included in the index, a security must be engaged in a business activity supporting or utilizing the cloud computing space, listed on an index-eligible global stock exchange and have a market capitalization of at least $100 million.

ETFs related toSKYY

ETFs correlated to SKYY include WCLD, CLOU, THNQ

SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
CLOU
Global X Funds - Global X Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SKYY is a US Equities ETF. The First Trust Cloud Computing Index Fund seeks investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the ISE CTA Cloud Computing Index. The index is a modified equal dollar weighted index designed to track the performance of companies actively involved in the cloud computing industry. To be included in the index, a security must be engaged in a business activity supporting or utilizing the cloud computing space, listed on an index-eligible global stock exchange and have a market capitalization of at least $100 million.

SKYY tracks the ISE CTA Cloud Computing Index.

No, SKYY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SKYY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SKYY is -0.0061%. This is the percent change in the value of SKYY over the most recent 1-month period. The 3-month return on SKYY is 0.0306%. This is the percent change in the value of SKYY over the most recent 3-month period.

The standard deviation of SKYY for the past year is 0.3168%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SKYY include SKYU, XLI, and XLY.

ETFs correlated to SKYY include WCLD, CLOU, and THNQ.

ETFs that are inversely correlated to SKYY include WEBS, SQQQ, and QID.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.