FSKY.L vs. SHLD.L
FSKY.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - FSKY.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, FSKY.L returned 5.98%/yr vs 9.59%/yr for SHLD.L. Their correlation of 0.84 suggests significant overlap in exposure. FSKY.L charges 0.60%/yr vs 0.40%/yr for SHLD.L.
Performance
FSKY.L vs. SHLD.L - Performance Comparison
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Different Trading Currencies
FSKY.L is traded in GBp, while SHLD.L is traded in USD. To make them comparable, the SHLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSKY.L achieves a 2.39% return, which is significantly lower than SHLD.L's 16.73% return.
FSKY.L
- 1D
- -1.37%
- 1M
- -1.41%
- 6M
- 6.33%
- YTD
- 2.39%
- 1Y
- 9.34%
- 3Y*
- 17.72%
- 5Y*
- 5.98%
- 10Y*
- —
SHLD.L
- 1D
- -0.37%
- 1M
- 2.12%
- 6M
- 16.00%
- YTD
- 16.73%
- 1Y
- 21.48%
- 3Y*
- 17.87%
- 5Y*
- 9.59%
- 10Y*
- —
FSKY.L vs. SHLD.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 | 2.39% | 1.06% | 37.83% | 47.12% | -39.21% | 12.29% | 54.03% | 18.63% | -19.98% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.73% | 3.57% | 18.59% | 27.22% | -20.68% | 17.61% | 23.48% | 23.39% | 3.59% |
Correlation
The correlation between FSKY.L and SHLD.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
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 | 0.84 |
The correlation between FSKY.L and SHLD.L has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
FSKY.L vs. SHLD.L — Risk / Return Rank
FSKY.L
SHLD.L
FSKY.L vs. SHLD.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 Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.69 | -1.36 |
| Martin ratioReturn relative to average drawdown | 0.68 | 3.64 | -2.96 |
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Drawdowns
FSKY.L vs. SHLD.L - Drawdown Comparison
The maximum FSKY.L drawdown since its inception was -47.61%, which is greater than SHLD.L's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for FSKY.L and SHLD.L.
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Drawdown Indicators
| FSKY.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.61% | -27.24% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -28.23% | -12.66% | -15.57% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -24.26% | -9.79% |
Max Drawdown (5Y)Largest decline over 5 years | -47.61% | -27.24% | -20.37% |
Current DrawdownCurrent decline from peak | -12.80% | -5.27% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -7.84% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.70% | 5.90% | +7.80% |
Volatility
FSKY.L vs. SHLD.L - Volatility Comparison
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (FSKY.L) has a higher volatility of 8.19% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 7.09%. This indicates that FSKY.L's price experiences larger fluctuations and is considered to be riskier than SHLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSKY.L | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 7.09% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 17.91% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.40% | 21.43% | +7.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.32% | 20.33% | +10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.35% | 20.35% | +10.00% |
FSKY.L vs. SHLD.L - Expense Ratio Comparison
FSKY.L has a 0.60% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
FSKY.L vs. SHLD.L - Dividend Comparison
FSKY.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSKY.L First Trust Cloud Computing UCITS ETF Class A USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
FSKY.L and SHLD.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.60% for FSKY.L.
FSKY.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FSKY.L and 0.40% for SHLD.L.
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