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First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) Diversifiers

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

SKYE.DE is a passive ETF by First Trust tracking the investment results of the ISE Cloud Computing. SKYE.DE launched on Dec 27, 2018 and has a 0.60% expense ratio.

Looking to diversify beyond SKYE.DE? The ETFs below have the lowest correlation with SKYE.DE — 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.DE.

Best Diversifiers for SKYE.DE

0 ETFs have low correlation with SKYE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) (Europe Equities) with a 1Y correlation of 0.34, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FTGE.DE
First Trust Eurozone AlphaDEX UCITS ETF Acc0.340.400.46
66
Europe EquitiesSKYE.DE vs FTGE.DE
QCLN.DE
First Trust Nasdaq Clean Edge Green Energy UCITS E...0.430.510.61
88
Energy EquitiesSKYE.DE vs QCLN.DE
VVSM.DE
VanEck Semiconductor UCITS ETF0.430.620.65
96
Semiconductors, Technology EquitiesSKYE.DE vs VVSM.DE
XMOV.DE
Xtrackers Future Mobility UCITS ETF0.430.590.62
81
Technology EquitiesSKYE.DE vs XMOV.DE
IEVD.DE
iShares Electric Vehicles and Driving Technology U...0.440.560.62
78
Technology EquitiesSKYE.DE vs IEVD.DE
See all 23 diversifiers for SKYE.DE

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Diversification Analysis

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

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