AIQ vs. SKYY

Last updated Jun 13, 2026

AIQ (Global X Artificial Intelligence & Technology ETF) and SKYY (First Trust ISE Cloud Computing Index Fund) are both Technology Equities funds - AIQ tracks the Indxx Artificial Intelligence & Big Data Index while SKYY tracks the ISE Cloud Computing Index. Both are passively managed. Over the past 5 years, AIQ returned 16.96%/yr vs 5.69%/yr for SKYY. Their correlation of 0.86 suggests significant overlap in exposure. AIQ charges 0.68%/yr vs 0.60%/yr for SKYY.

Performance

AIQ vs. SKYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Artificial Intelligence & Technology ETF (AIQ) and First Trust ISE Cloud Computing Index Fund (SKYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIQ achieves a 25.84% return, which is significantly higher than SKYY's 3.03% return.

AIQ

• 1D: 0.08%
• 1M: 3.04%
• YTD: 25.84%
• 6M: 26.79%
• 1Y: 52.00%
• 3Y*: 32.14%
• 5Y*: 16.96%
• 10Y*: —

SKYY

• 1D: 0.18%
• 1M: 6.69%
• YTD: 3.03%
• 6M: 1.79%
• 1Y: 13.95%
• 3Y*: 20.38%
• 5Y*: 5.69%
• 10Y*: 16.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIQ vs. SKYY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	25.84%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.05%
SKYY First Trust ISE Cloud Computing Index Fund	3.03%	9.20%	35.87%	52.18%	-44.68%	10.62%	57.77%	25.25%	-6.26%

Correlation

The correlation between AIQ and SKYY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.86

The correlation between AIQ and SKYY shifts across timeframes, from 0.73 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

AIQ vs. SKYY - Sectors Allocation Comparison

Sectors	AIQ	SKYY
Technology	73.3%	88.9%
Communication Services	13.2%	4.8%
Consumer Cyclical	8.5%	1.6%
Industrials	4.2%	1.6%
Healthcare	0.4%	1.6%
Financial Services	0.4%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AIQ vs. SKYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIQ

AIQ Risk / Return Rank: 69
AIQ Sharpe Ratio Rank: 74
AIQ Sortino Ratio Rank: 65
AIQ Omega Ratio Rank: 69
AIQ Calmar Ratio Rank: 72
AIQ Martin Ratio Rank: 66

SKYY

SKYY Risk / Return Rank: 17
SKYY Sharpe Ratio Rank: 18
SKYY Sortino Ratio Rank: 19
SKYY Omega Ratio Rank: 18
SKYY Calmar Ratio Rank: 16
SKYY Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIQ vs. SKYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and First Trust ISE Cloud Computing Index Fund (SKYY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AIQ	SKYY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.49	+1.57
Sortino ratio: Return per unit of downside risk	2.59	0.89	+1.71
Omega ratio: Gain probability vs. loss probability	1.35	1.11	+0.25
Calmar ratio: Return relative to maximum drawdown	3.17	0.51	+2.66
Martin ratio: Return relative to average drawdown	10.43	1.13	+9.29

AIQ vs. SKYY - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 2.06, which is higher than the SKYY Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of AIQ and SKYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIQ vs. SKYY - Drawdown Comparison

The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum SKYY drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for AIQ and SKYY.

Drawdown Indicators

	AIQ	SKYY	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-53.20%	+8.54%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	-27.39%	+10.92%
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	-31.80%	+5.45%
Max Drawdown (5Y) Largest decline over 5 years	-44.66%	-53.20%	+8.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.20%	—
Current Drawdown Current decline from peak	-8.75%	-13.63%	+4.88%
Average Drawdown Average peak-to-trough decline	-9.79%	-10.90%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	12.34%	-7.34%

Volatility

AIQ vs. SKYY - Volatility Comparison

Global X Artificial Intelligence & Technology ETF (AIQ) and First Trust ISE Cloud Computing Index Fund (SKYY) have volatilities of 12.90% and 13.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIQ	SKYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.90%	13.09%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	21.38%	23.88%	-2.50%
Volatility (1Y) Calculated over the trailing 1-year period	25.31%	28.45%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	30.67%	-4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	26.90%	-1.19%

AIQ vs. SKYY - Expense Ratio Comparison

AIQ has a 0.68% expense ratio, which is higher than SKYY's 0.60% expense ratio.

Dividends

AIQ vs. SKYY - Dividend Comparison

AIQ's dividend yield for the trailing twelve months is around 0.15%, while SKYY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
SKYY First Trust ISE Cloud Computing Index Fund	0.00%	0.00%	0.00%	0.00%	0.23%	0.78%	0.17%	0.54%	0.37%	0.27%	0.35%	0.41%

Frequently Asked Questions

Can I hold both AIQ and SKYY in my portfolio?

AIQ and SKYY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIQ or SKYY?

SKYY has higher volatility (13.09%) compared to AIQ (12.90%). In terms of maximum drawdown, AIQ dropped -44.66% vs SKYY's -53.20%.

Which ETF is better, AIQ or SKYY?

On 5-year performance, AIQ leads with 16.96% vs 5.69% for SKYY. On fees, SKYY is cheaper at 0.60% per year. On volatility, AIQ has been the lower-risk option at 12.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIQ or SKYY?

Over the 5-year period, AIQ has performed better with a 16.96% return vs 5.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIQ or SKYY?

SKYY is cheaper with a 0.60% expense ratio, compared with 0.68% for AIQ.

Which ETF pays a higher dividend yield, AIQ or SKYY?

AIQ has the higher dividend yield at 0.15%, compared with 0.00% for SKYY.

What is the main difference between AIQ and SKYY?

AIQ tracks Indxx Artificial Intelligence & Big Data Index, while SKYY tracks ISE Cloud Computing Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.68% for AIQ and 0.60% for SKYY.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (2.06 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.