FTGE.DE vs. SKYE.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) are both exchange-traded funds - FTGE.DE is a Europe Equities fund tracking the Nasdaq AlphaDEX® Eurozone, while SKYE.DE is a Technology Equities fund tracking the ISE Cloud Computing. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 9.62%/yr for SKYE.DE. At a 0.47 correlation, their price movements are largely independent. FTGE.DE charges 0.65%/yr vs 0.60%/yr for SKYE.DE.
Performance
FTGE.DE vs. SKYE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FTGE.DE having a 13.73% return and SKYE.DE slightly higher at 14.41%.
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 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*
- —
FTGE.DE vs. SKYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 9.25% |
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 14.41% | -3.03% | 43.91% | 50.20% | -42.23% | 19.10% | 13.26% |
Correlation
The correlation between FTGE.DE and SKYE.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020 | 0.47 |
The correlation between FTGE.DE and SKYE.DE shifts across timeframes, from 0.34 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTGE.DE vs. SKYE.DE — Risk / Return Rank
FTGE.DE
SKYE.DE
FTGE.DE vs. SKYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| FTGE.DE | SKYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.88 | +2.39 |
| Martin ratioReturn relative to average drawdown | 12.30 | 1.93 | +10.37 |
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
| FTGE.DE | SKYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.86 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.33 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.41 | +0.47 |
Drawdowns
FTGE.DE vs. SKYE.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum SKYE.DE drawdown of -49.90%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and SKYE.DE.
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Drawdown Indicators
| FTGE.DE | SKYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -49.90% | +23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -28.05% | +18.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -36.53% | +20.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -49.90% | +23.27% |
Current DrawdownCurrent decline from peak | 0.00% | -2.57% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -19.98% | +14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 12.77% | -10.27% |
Volatility
FTGE.DE vs. SKYE.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.83%, while First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a volatility of 11.20%. This indicates that FTGE.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
| FTGE.DE | SKYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 11.20% | -7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 23.89% | -12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 28.78% | -14.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 28.94% | -11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 28.39% | -9.98% |
FTGE.DE vs. SKYE.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than SKYE.DE's 0.60% expense ratio.
Dividends
FTGE.DE vs. SKYE.DE - Dividend Comparison
Neither FTGE.DE nor SKYE.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and SKYE.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKYE.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKYE.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE is categorized as Europe Equities, while SKYE.DE is Technology Equities. FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while SKYE.DE tracks ISE Cloud Computing. Their fees differ too: 0.65% for FTGE.DE and 0.60% for SKYE.DE.
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