PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

First Trust Cloud Computing UCITS ETF (SKYE.AS) Diversifiers

ETF · Currency in EUR · Last updated Jun 5, 2026

SKYE.AS is a passive ETF by First Trust tracking the investment results of the MSCI World/Information Tech NR USD. SKYE.AS launched on Dec 27, 2018 and has a 0.60% expense ratio.

Looking to diversify beyond SKYE.AS? The ETFs below have the lowest correlation with SKYE.AS — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SKYE.AS.

Best Diversifiers for SKYE.AS

0 ETFs have low correlation with SKYE.AS (below 0.3), 0 of which are negatively correlated. The least correlated is L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) (Robotics) with a 1Y correlation of 0.50, down from 0.72 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ROBO.AS
L&G ROBO Global Robotics and Automation UCITS ETF0.500.670.72
76
Robotics, Technology EquitiesSKYE.AS vs ROBO.AS
AINF.AS
iShares AI Infrastructure UCITS ETF USD (Acc)0.61——
96
Technology EquitiesSKYE.AS vs AINF.AS
SXLK.AS
SPDR S&P U.S. Technology Select Sector UCITS ETF0.660.740.75
65
Technology EquitiesSKYE.AS vs SXLK.AS
WTCH.AS
SPDR MSCI World Technology UCITS ETF0.680.740.76
64
Technology EquitiesSKYE.AS vs WTCH.AS
WITS.AS
iShares MSCI World Information Technology Sector E...0.680.750.77
66
Technology EquitiesSKYE.AS vs WITS.AS

Rows per page

1–5 of 5

Diversification Analysis

Build a portfolio that complements SKYE.AS

Add SKYE.AS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SKYE.AS