ES6Y.DE vs. SKYE.DE
ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) and SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) are both Technology Equities funds - ES6Y.DE tracks the Solactive Emerging Cyber Security while SKYE.DE tracks the ISE Cloud Computing. Both are passively managed. Over the past 3 years, ES6Y.DE returned 33.66%/yr vs 22.28%/yr for SKYE.DE. Their correlation of 0.85 suggests significant overlap in exposure. ES6Y.DE charges 0.49%/yr vs 0.60%/yr for SKYE.DE.
Performance
ES6Y.DE vs. SKYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ES6Y.DE achieves a 59.99% return, which is significantly higher than SKYE.DE's 14.41% return.
ES6Y.DE
- 1D
- -0.82%
- 1M
- 24.88%
- YTD
- 59.99%
- 6M
- 53.39%
- 1Y
- 55.75%
- 3Y*
- 33.66%
- 5Y*
- —
- 10Y*
- —
SKYE.DE
- 1D
- 0.22%
- 1M
- 17.87%
- YTD
- 14.41%
- 6M
- 12.76%
- 1Y
- 22.89%
- 3Y*
- 22.28%
- 5Y*
- 9.62%
- 10Y*
- —
ES6Y.DE vs. SKYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 59.99% | -9.21% | 34.05% | 51.62% | -18.28% |
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 14.41% | -3.03% | 43.91% | 50.20% | -19.15% |
Correlation
The correlation between ES6Y.DE and SKYE.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.85 |
The correlation between ES6Y.DE and SKYE.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
ES6Y.DE vs. SKYE.DE — Risk / Return Rank
ES6Y.DE
SKYE.DE
ES6Y.DE vs. SKYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) and First Trust Cloud Computing UCITS ETF Acc (SKYE.DE). 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.
| ES6Y.DE | SKYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 0.88 | +2.89 |
| Martin ratioReturn relative to average drawdown | 9.25 | 1.93 | +7.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ES6Y.DE | SKYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 0.86 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.41 | +0.58 |
Drawdowns
ES6Y.DE vs. SKYE.DE - Drawdown Comparison
The maximum ES6Y.DE drawdown since its inception was -34.72%, smaller than the maximum SKYE.DE drawdown of -49.90%. Use the drawdown chart below to compare losses from any high point for ES6Y.DE and SKYE.DE.
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Drawdown Indicators
| ES6Y.DE | SKYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -49.90% | +15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -28.05% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -34.72% | -36.53% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.90% | — |
Current DrawdownCurrent decline from peak | -1.36% | -2.57% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -19.98% | +10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 12.77% | -6.62% |
Volatility
ES6Y.DE vs. SKYE.DE - Volatility Comparison
The current volatility for L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) is 10.01%, while First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a volatility of 11.20%. This indicates that ES6Y.DE experiences smaller price fluctuations and is considered to be less risky than SKYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ES6Y.DE | SKYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 11.20% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.66% | 23.89% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.06% | 28.78% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 28.94% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 28.39% | -1.75% |
ES6Y.DE vs. SKYE.DE - Expense Ratio Comparison
ES6Y.DE has a 0.49% expense ratio, which is lower than SKYE.DE's 0.60% expense ratio.
Dividends
ES6Y.DE vs. SKYE.DE - Dividend Comparison
Neither ES6Y.DE nor SKYE.DE has paid dividends to shareholders.
Frequently Asked Questions
ES6Y.DE and SKYE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ES6Y.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ES6Y.DE is cheaper with a 0.49% expense ratio, compared with 0.60% for SKYE.DE.
ES6Y.DE tracks Solactive Emerging Cyber Security, while SKYE.DE tracks ISE Cloud Computing. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.49% for ES6Y.DE and 0.60% for SKYE.DE.
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