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CLOU vs. SKYY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CLOU vs. SKYY - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
22.94%
27.28%
CLOU
SKYY

Returns By Period

In the year-to-date period, CLOU achieves a 8.12% return, which is significantly lower than SKYY's 37.95% return.


CLOU

YTD

8.12%

1M

19.51%

6M

22.93%

1Y

21.17%

5Y (annualized)

10.33%

10Y (annualized)

N/A

SKYY

YTD

37.95%

1M

14.67%

6M

27.22%

1Y

50.78%

5Y (annualized)

15.35%

10Y (annualized)

16.13%

Key characteristics


CLOUSKYY
Sharpe Ratio1.022.41
Sortino Ratio1.453.01
Omega Ratio1.191.41
Calmar Ratio0.511.59
Martin Ratio1.7915.44
Ulcer Index11.85%3.34%
Daily Std Dev20.81%21.41%
Max Drawdown-52.92%-53.20%
Current Drawdown-21.04%0.00%

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CLOU vs. SKYY - Expense Ratio Comparison

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


CLOU
Global X Cloud Computing ETF
Expense ratio chart for CLOU: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for SKYY: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Correlation

-0.50.00.51.00.9

The correlation between CLOU and SKYY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

CLOU vs. SKYY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) 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.


Sharpe ratio
The chart of Sharpe ratio for CLOU, currently valued at 1.02, compared to the broader market0.002.004.001.022.37
The chart of Sortino ratio for CLOU, currently valued at 1.45, compared to the broader market-2.000.002.004.006.008.0010.0012.001.452.98
The chart of Omega ratio for CLOU, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.001.191.41
The chart of Calmar ratio for CLOU, currently valued at 0.51, compared to the broader market0.005.0010.0015.000.511.57
The chart of Martin ratio for CLOU, currently valued at 1.79, compared to the broader market0.0020.0040.0060.0080.00100.001.7915.18
CLOU
SKYY

The current CLOU Sharpe Ratio is 1.02, which is lower than the SKYY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of CLOU and SKYY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
1.02
2.37
CLOU
SKYY

Dividends

CLOU vs. SKYY - Dividend Comparison

Neither CLOU nor SKYY has paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
CLOU
Global X Cloud Computing ETF
0.00%0.00%0.00%1.76%0.00%0.10%0.00%0.00%0.00%0.00%0.00%
SKYY
First Trust ISE Cloud Computing Index Fund
0.00%0.00%0.23%0.78%0.17%0.54%0.95%0.27%0.35%0.41%0.17%

Drawdowns

CLOU vs. SKYY - Drawdown Comparison

The maximum CLOU drawdown since its inception was -52.92%, roughly equal to the maximum SKYY drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for CLOU and SKYY. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-21.04%
0
CLOU
SKYY

Volatility

CLOU vs. SKYY - Volatility Comparison

Global X Cloud Computing ETF (CLOU) and First Trust ISE Cloud Computing Index Fund (SKYY) have volatilities of 7.12% and 7.25%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
7.12%
7.25%
CLOU
SKYY