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 97 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% | 20.96B | Oct 2013 | SKYY vs FTEC | |
| State Street Technology Select Sector SPDR ETF | 0.08% | 115.56B | Dec 1998 | SKYY vs XLK | |
| Vanguard Information Technology ETF | 0.09% | 169.20B | Mar 2004 | SKYY vs VGT | |
| Vaneck Technology Trusector ETF | 0.13% | 180.42M | Aug 2025 | SKYY vs TRUT | |
| Global X PureCap MSCI Information Technology ETF | 0.15% | — | Jul 2025 | SKYY vs GXPT |
Best Risk-Adjusted Alternatives to SKYY
SKYY has a PortfoliosLab risk / return rank of 30. There are 102 ETFs in the Technology Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ASML Holding NV ADR Hedged ETF | 95 | 2.83M | Mar 2025 | SKYY vs ASMH | |
| Xtrackers Semiconductor Select Equity ETF | 93 | 97.12M | Jul 2023 | SKYY vs CHPS | |
| T-Rex 2X Long Alphabet Daily Target ETF | 91 | 44.75M | Jan 2024 | SKYY vs GOOX | |
| First Trust Nasdaq Semiconductor ETF | 91 | 1.27B | Sep 2016 | SKYY vs FTXL | |
| iShares Semiconductor ETF | 90 | 44.69B | Jul 2001 | SKYY vs SOXX |
Top Performing SKYY Alternatives (YTD)
SKYY is at 17.95% YTD. There are 97 ETFs in the Technology Equities category with higher YTD returns, going as high as 115.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 115.20% | 7.89M | Mar 2025 | SKYY vs STHH | |
| Direxion Daily Semiconductors Top 5 Bull 2X Shares | 100.33% | 12.88M | Sep 2025 | SKYY vs TSXU | |
| Invesco Semiconductors ETF | 86.43% | 2.34B | Jun 2005 | SKYY vs PSI | |
| VistaShares Artificial Intelligence Supercycle ETF | 84.91% | 921.07M | Dec 2024 | SKYY vs AIS | |
| Xtrackers Semiconductor Select Equity ETF | 82.29% | 97.12M | Jul 2023 | SKYY vs CHPS |
Lowest Volatility Alternatives to SKYY
SKYY has 29.38% 1-year volatility. There are 89 ETFs in the Technology Equities category with lower 1-year volatility, going as low as 14.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | 14.12% | 133.23M | Nov 2023 | SKYY vs CRTC | |
| Clockwise U.S. Core Equity ETF | 14.26% | 19.49M | Jan 2022 | SKYY vs TIME | |
| Global X AgTech & Food Innovation ETF | 16.52% | 9.18M | Jul 2021 | SKYY vs KROP | |
| Goldman Sachs ETF Trust Goldman Sachs Innovate Equ... | 16.73% | 204.29M | Nov 2020 | SKYY vs GINN | |
| iShares Future Exponential Technologies ETF | 17.92% | 3.82B | Mar 2015 | SKYY vs XT |
Lowest Drawdown Alternatives to SKYY
SKYY has a 1-year max drawdown of -27.39%. There are 103 ETFs in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -9.05%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | -9.05% | 133.23M | Nov 2023 | SKYY vs CRTC | |
| ProShares S&P Technology Dividend Aristocrats ETF | -9.55% | 268.42M | Nov 2019 | SKYY vs TDV | |
| Global X AgTech & Food Innovation ETF | -9.67% | 9.18M | Jul 2021 | SKYY vs KROP | |
| iShares Future Exponential Technologies ETF | -10.45% | 3.82B | Mar 2015 | SKYY vs XT | |
| State Street Technology Select Sector SPDR Premium... | -11.21% | 11.77M | Jul 2025 | SKYY vs XLKI |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With SKYY
Investors most often compare SKYY with CLOU, WCLD, FCLD. These 20 comparison targets span 12 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