First Trust ISE Cloud Computing Index Fund (SKYY) belongs to the Technology Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SKYY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SKYY
SKYY charges 0.60% annually. There are 95 ETFs in the Technology Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.08% | 17.89B | Oct 2013 | SKYY vs FTEC | |
| State Street Technology Select Sector SPDR ETF | 0.08% | 121.66B | Dec 1998 | SKYY vs XLK | |
| Vanguard Information Technology ETF | 0.09% | 144.20B | Mar 2004 | SKYY vs VGT | |
| Vanguard Communication Services ETF | 0.10% | 6.30B | Sep 2004 | SKYY vs VOX | |
| Vaneck Technology Trusector ETF | 0.13% | 172.62M | Aug 2025 | SKYY vs TRUT |
Best Risk-Adjusted Alternatives to SKYY
SKYY has a PortfoliosLab risk / return rank of 24. There are 108 ETFs in the Technology Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Semiconductor Select Equity ETF | 97 | 89.58M | Jul 2023 | SKYY vs CHPS | |
| First Trust Nasdaq Semiconductor ETF | 97 | 2.52B | Sep 2016 | SKYY vs FTXL | |
| VistaShares Artificial Intelligence Supercycle ETF | 97 | 574.75M | Dec 2024 | SKYY vs AIS | |
| iShares Semiconductor ETF | 97 | 38.37B | Jul 2001 | SKYY vs SOXX | |
| Invesco Next Gen Connectivity ETF | 96 | 163.96M | Jun 2005 | SKYY vs KNCT |
Top Performing SKYY Alternatives (YTD)
SKYY is at 13.58% YTD. There are 125 ETFs in the Technology Equities category with higher YTD returns, going as high as 209.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 209.56% | 817.60K | Mar 2025 | SKYY vs STHH | |
| Direxion Daily Semiconductors Top 5 Bull 2X Shares | 141.91% | 10.05M | Sep 2025 | SKYY vs TSXU | |
| Direxion Daily Technology Bull 3X Shares | 125.87% | 5.93B | Dec 2008 | SKYY vs TECL | |
| VistaShares Artificial Intelligence Supercycle ETF | 118.61% | 574.75M | Dec 2024 | SKYY vs AIS | |
| First Trust Nasdaq Semiconductor ETF | 115.70% | 2.52B | Sep 2016 | SKYY vs FTXL |
Lowest Volatility Alternatives to SKYY
SKYY has 27.86% 1-year volatility. There are 104 ETFs in the Technology Equities category with lower 1-year volatility, going as low as 12.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | 12.76% | 129.97M | Nov 2023 | SKYY vs CRTC | |
| Clockwise Core Equity & Innovation ETF | 13.27% | 19.49M | Jan 2022 | SKYY vs TIME | |
| Vanguard Communication Services ETF | 15.45% | 6.30B | Sep 2004 | SKYY vs VOX | |
| iShares Future Exponential Technologies ETF | 15.99% | 4.07B | Mar 2015 | SKYY vs XT | |
| Global X AgTech & Food Innovation ETF | 16.04% | 9.17M | Jul 2021 | SKYY vs KROP |
Lowest Drawdown Alternatives to SKYY
SKYY has a 1-year max drawdown of -27.39%. There are 108 ETFs in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -8.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares U.S. Digital Infrastructure and Real Estat... | -8.45% | 450.77M | Jul 2001 | SKYY vs IDGT | |
| Xtrackers US National Critical Technologies ETF | -9.05% | 129.97M | Nov 2023 | SKYY vs CRTC | |
| ProShares S&P Technology Dividend Aristocrats ETF | -9.55% | 289.74M | Nov 2019 | SKYY vs TDV | |
| Invesco Next Gen Connectivity ETF | -9.99% | 163.96M | Jun 2005 | SKYY vs KNCT | |
| First Trust IndXX NextG ETF | -10.28% | 589.27M | Feb 2011 | SKYY vs NXTG |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With SKYY
Investors most often compare SKYY with CLOU, WCLD, FCLD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SKYY with Any Fund or Stock
Compare SKYY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SKYY with funds that move differently
First Trust ISE Cloud Computing Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SKYY.
Explore SKYY Diversifiers