- Issuer
- First Trust
- Inception Date
- Dec 27, 2018
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- First Trust Cloud Computing UCITS ETF Class A USD Accumulation
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
SKYU.L Performance Chart
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) is up 4.9% since the beginning of the year. SKYU.L is currently trading at $58 per share. Investors who bought $1,000 worth of SKYU.L shares 5 years ago would now be looking at an investment worth $1,336.
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Returns By Period
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) has returned 4.89% so far this year and 14.00% over the past 12 months.
First Trust Cloud Computing UCITS ETF Class A USD Accumulation
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 8.11%
- YTD
- 4.89%
- 1Y
- 14.00%
- 3Y*
- 19.89%
- 5Y*
- 5.97%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
SKYU.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 27, 2018, SKYU.L's average daily return is +0.07%, while the average monthly return is +1.40%. At this rate, an investment would double in approximately 4.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2026 with a return of +20.3%, while the worst month was Apr 2022 at -14.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SKYU.L closed higher 56% of trading days. The best single day was Nov 10, 2022 with a return of +9.5%, while the worst single day was Mar 12, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.23% | -9.68% | -1.34% | 10.26% | 20.31% | -6.13% | 3.00% | 4.89% | |||||
| 2025 | 8.10% | -10.48% | -13.70% | 2.10% | 11.04% | 6.70% | 2.09% | 2.31% | 5.00% | 5.88% | -9.05% | 1.62% | 8.43% |
| 2024 | 1.82% | 4.18% | 2.12% | -4.52% | -3.68% | 8.12% | -0.45% | 2.15% | 4.62% | 4.04% | 15.43% | -1.23% | 35.93% |
| 2023 | 11.25% | -0.25% | 4.96% | -5.53% | 13.82% | 6.68% | 5.38% | -0.30% | -4.56% | -4.66% | 11.91% | 8.64% | 55.30% |
| 2022 | -12.94% | -4.83% | 5.19% | -14.38% | -10.04% | -6.54% | 5.19% | -0.94% | -9.23% | 3.04% | -6.41% | -5.07% | -45.68% |
| 2021 | 4.48% | 0.04% | -3.67% | 4.99% | -2.22% | 8.12% | -0.39% | 3.01% | -3.20% | 7.05% | -4.23% | -2.49% | 10.94% |
Benchmark Metrics
First Trust Cloud Computing UCITS ETF Class A USD Accumulation has an annualized alpha of 6.59%, beta of 0.69, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since December 27, 2018.
- This ETF participated in 116.57% of S&P 500 Index downside but only 111.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.59%
- Beta
- 0.69
- R²
- 0.22
- Upside Capture
- 111.67%
- Downside Capture
- 116.57%
Return for Risk
Risk / Return Rank
SKYU.L ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SKYU.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.35 | -1.80 |
| Martin ratioReturn relative to average drawdown | 1.17 | 10.19 | -9.02 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Cloud Computing UCITS ETF Class A USD Accumulation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Cloud Computing UCITS ETF Class A USD Accumulation was 53.12%, occurring on Dec 28, 2022. Recovery took 472 trading sessions.
The current First Trust Cloud Computing UCITS ETF Class A USD Accumulation drawdown is 10.40%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-53.12%Dec 2022 | 1y 1mo | 1y 10mo | 3y 2dNov 2021 - Nov 2024 | Bear market2022 |
-31.91%Apr 2025 | 1mo 25d | 5mo 5d | 7moFeb 2025 - Sep 2025 | 2025 selloff2025 |
-30.68%Mar 2020 | 27d | 2mo 9d | 3mo 6dFeb 2020 - May 2020 | COVID crash2020 |
-26.70%Apr 2026 | 5mo 7d | 1mo 22d | 6mo 29dNov 2025 - Jun 2026 | — |
-18.67%Mar 2021 | 17d | 6mo 2d | 6mo 19dFeb 2021 - Sep 2021 | — |
Drawdown Indicators
| SKYU.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -56.78% | +3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -26.70% | -9.10% | -17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -31.91% | -18.90% | -13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -25.43% | -27.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.40% | -0.49% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -10.70% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 2.09% | +10.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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