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First Trust ISE Cloud Computing Index Fund (SKYY) Sharpe Ratio: 0.95

ETF · Currency in USD · Last updated Jun 4, 2026

SKYY is a passive ETF by First Trust tracking the investment results of the ISE Cloud Computing Index. SKYY launched on Jul 5, 2011 and has a 0.60% expense ratio.

SKYY's Sharpe Ratio of 0.95 indicates that for each unit of volatility, it generates 0.95 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SKYY Sharpe Ratio Rank

SKYY Sharpe Ratio Rank: 25.826
Below Average

SKYY ranks above 25.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SKYY Sharpe Ratio Market Positioning

The chart shows SKYY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.43
  • Green zone (top 25%): 2.43 or higher
  • Top 1%: 7.77+
  • Median: 1.71 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust ISE Cloud Computing Index Fund's Sharpe Ratio with other ETFs in the Technology Equities, Cloud Computing category across multiple time periods, showing how SKYY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CHPSXtrackers Semiconductor Select Equity ETF6.54
AISVistaShares Artificial Intelligence Supercycle ETF6.34
FTXLFirst Trust Nasdaq Semiconductor ETF6.33
SOXXiShares Semiconductor ETF5.61
PSIInvesco Semiconductors ETF5.58
SOXQInvesco PHLX Semiconductor ETF5.43
SMHVanEck Semiconductor ETF5.19
AIVCAmplify Bloomberg AI Value Chain ETF5.14
XSDSPDR S&P Semiconductor ETF5.00
SHOCStrive U.S. Semiconductor ETF4.78
SKYYFirst Trust ISE Cloud Computing Index Fund0.95

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SKYY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SKYY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SKYY fit in your portfolio?

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