FSKY.L vs. DGIT.L

Last updated Jun 26, 2026

FSKY.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and DGIT.L (iShares Digitalisation UCITS Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from First Trust and iShares respectively. Both are passively managed. Over the past 5 years, FSKY.L returned 5.00%/yr vs -0.10%/yr for DGIT.L. Their correlation of 0.86 suggests significant overlap in exposure. FSKY.L charges 0.60%/yr vs 0.40%/yr for DGIT.L.

Performance

FSKY.L vs. DGIT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Cloud Computing UCITS ETF Class A USD Accumulation (FSKY.L) and iShares Digitalisation UCITS Acc (DGIT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSKY.L achieves a -0.84% return, which is significantly higher than DGIT.L's -1.53% return.

FSKY.L

• 1D: -2.63%
• 1M: -3.32%
• YTD: -0.84%
• 6M: -1.73%
• 1Y: 10.75%
• 3Y*: 18.37%
• 5Y*: 5.00%
• 10Y*: —

DGIT.L

• 1D: -1.05%
• 1M: -0.12%
• YTD: -1.53%
• 6M: -1.56%
• 1Y: -4.04%
• 3Y*: 11.13%
• 5Y*: -0.10%
• 10Y*: —

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

FSKY.L vs. DGIT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSKY.L First Trust Cloud Computing UCITS ETF Class A USD Accumulation	-0.84%	1.06%	37.83%	47.12%	-39.21%	12.29%	54.03%	18.63%	-19.98%
DGIT.L iShares Digitalisation UCITS Acc	-1.53%	-2.47%	24.03%	25.52%	-28.82%	2.05%	37.30%	20.58%	4.27%

Correlation

The correlation between FSKY.L and DGIT.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 27, 2018	0.86

The correlation between FSKY.L and DGIT.L shifts across timeframes, from 0.77 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

FSKY.L vs. DGIT.L - Sectors Allocation Comparison

Sectors	FSKY.L	DGIT.L
Technology	87.5%	42.9%
Communication Services	8.6%	19.6%
Consumer Cyclical	3.5%	16.0%
Healthcare	0.4%	0.1%
Basic Materials	-	-
Consumer Defensive	-	0.0%
Energy	-	-
Financial Services	-	5.5%
Industrials	-	10.1%
Real Estate	-	5.8%
Utilities	-	-

Return for Risk

FSKY.L vs. DGIT.L — Risk / Return Rank

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

FSKY.L

FSKY.L Risk / Return Rank: 14
FSKY.L Sharpe Ratio Rank: 14
FSKY.L Sortino Ratio Rank: 14
FSKY.L Omega Ratio Rank: 15
FSKY.L Calmar Ratio Rank: 13
FSKY.L Martin Ratio Rank: 12

DGIT.L

DGIT.L Risk / Return Rank: 7
DGIT.L Sharpe Ratio Rank: 7
DGIT.L Sortino Ratio Rank: 7
DGIT.L Omega Ratio Rank: 7
DGIT.L Calmar Ratio Rank: 8
DGIT.L Martin Ratio Rank: 7

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.

FSKY.L vs. DGIT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Class A USD Accumulation (FSKY.L) and iShares Digitalisation UCITS Acc (DGIT.L). 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.

	FSKY.L	DGIT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.37	-0.24	+0.61
Sortino ratio: Return per unit of downside risk	0.71	-0.23	+0.93
Omega ratio: Gain probability vs. loss probability	1.09	0.97	+0.12
Calmar ratio: Return relative to maximum drawdown	0.38	-0.18	+0.56
Martin ratio: Return relative to average drawdown	0.80	-0.38	+1.17

FSKY.L vs. DGIT.L - Sharpe Ratio Comparison

The current FSKY.L Sharpe Ratio is 0.37, which is higher than the DGIT.L Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of FSKY.L and DGIT.L, 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

FSKY.L vs. DGIT.L - Drawdown Comparison

The maximum FSKY.L drawdown since its inception was -47.61%, which is greater than DGIT.L's maximum drawdown of -37.95%. Use the drawdown chart below to compare losses from any high point for FSKY.L and DGIT.L.

Drawdown Indicators

	FSKY.L	DGIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.61%	-37.95%	-9.66%
Max Drawdown (1Y) Largest decline over 1 year	-28.23%	-22.83%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-24.88%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-47.61%	-37.95%	-9.66%
Current Drawdown Current decline from peak	-15.55%	-12.15%	-3.40%
Average Drawdown Average peak-to-trough decline	-16.05%	-13.47%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.43%	10.71%	+2.72%

Volatility

FSKY.L vs. DGIT.L - Volatility Comparison

First Trust Cloud Computing UCITS ETF Class A USD Accumulation (FSKY.L) has a higher volatility of 13.36% compared to iShares Digitalisation UCITS Acc (DGIT.L) at 5.91%. This indicates that FSKY.L's price experiences larger fluctuations and is considered to be riskier than DGIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSKY.L	DGIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.36%	5.91%	+7.45%
Volatility (6M) Calculated over the trailing 6-month period	24.55%	13.68%	+10.87%
Volatility (1Y) Calculated over the trailing 1-year period	28.84%	16.63%	+12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.23%	23.68%	+7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.37%	22.95%	+7.42%

FSKY.L vs. DGIT.L - Expense Ratio Comparison

FSKY.L has a 0.60% expense ratio, which is higher than DGIT.L's 0.40% expense ratio.

Dividends

FSKY.L vs. DGIT.L - Dividend Comparison

Neither FSKY.L nor DGIT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FSKY.L and DGIT.L in my portfolio?

FSKY.L and DGIT.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSKY.L or DGIT.L?

On fees, DGIT.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSKY.L or DGIT.L?

DGIT.L is cheaper with a 0.40% expense ratio, compared with 0.60% for FSKY.L.

What is the main difference between FSKY.L and DGIT.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FSKY.L and 0.40% for DGIT.L.