FTGG.DE vs. SKYE.DE
FTGG.DE (First Trust Germany AlphaDEX UCITS ETF) and SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) are both exchange-traded funds - FTGG.DE is a Europe Equities fund tracking the Nasdaq AlphaDEX Germany NTR Index, while SKYE.DE is a Technology Equities fund tracking the ISE Cloud Computing. Both are passively managed. Over the past 5 years, FTGG.DE returned 5.23%/yr vs 6.94%/yr for SKYE.DE. At a 0.46 correlation, their price movements are largely independent. FTGG.DE charges 0.65%/yr vs 0.60%/yr for SKYE.DE.
Performance
FTGG.DE vs. SKYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGG.DE achieves a 4.55% return, which is significantly lower than SKYE.DE's 8.66% return.
FTGG.DE
- 1D
- -0.40%
- 1M
- -1.49%
- 6M
- -1.27%
- YTD
- 4.55%
- 1Y
- 14.92%
- 3Y*
- 17.21%
- 5Y*
- 5.23%
- 10Y*
- 7.17%
SKYE.DE
- 1D
- 0.00%
- 1M
- 2.77%
- 6M
- 11.94%
- YTD
- 8.66%
- 1Y
- 17.43%
- 3Y*
- 19.90%
- 5Y*
- 6.94%
- 10Y*
- —
FTGG.DE vs. SKYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 4.55% | 44.59% | 8.23% | 8.38% | -26.44% | 13.79% | 8.87% |
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 8.66% | -3.03% | 43.91% | 50.20% | -42.23% | 19.10% | 14.67% |
Correlation
The correlation between FTGG.DE and SKYE.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2020 | 0.46 |
The correlation between FTGG.DE and SKYE.DE shifts across timeframes, from 0.29 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTGG.DE vs. SKYE.DE — Risk / Return Rank
FTGG.DE
SKYE.DE
FTGG.DE vs. SKYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX UCITS ETF (FTGG.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.
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.
| FTGG.DE | SKYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.62 | +0.47 |
| Martin ratioReturn relative to average drawdown | 3.31 | 1.32 | +1.99 |
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Drawdowns
FTGG.DE vs. SKYE.DE - Drawdown Comparison
The maximum FTGG.DE drawdown since its inception was -99.97%, which is greater than SKYE.DE's maximum drawdown of -49.90%. Use the drawdown chart below to compare losses from any high point for FTGG.DE and SKYE.DE.
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Drawdown Indicators
| FTGG.DE | SKYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -49.90% | -50.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -28.05% | +13.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -36.53% | +20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -49.90% | +11.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -7.46% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -19.78% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 13.19% | -8.35% |
Volatility
FTGG.DE vs. SKYE.DE - Volatility Comparison
The current volatility for First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) is 6.06%, while First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a volatility of 8.94%. This indicates that FTGG.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
| FTGG.DE | SKYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 8.94% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 25.68% | -8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 30.64% | -10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 29.29% | -10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69,376.52% | 28.52% | +69,348.00% |
FTGG.DE vs. SKYE.DE - Expense Ratio Comparison
FTGG.DE has a 0.65% expense ratio, which is higher than SKYE.DE's 0.60% expense ratio.
Dividends
FTGG.DE vs. SKYE.DE - Dividend Comparison
FTGG.DE's dividend yield for the trailing twelve months is around 1.55%, while SKYE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 1.55% | 1.53% | 2.24% | 2.85% | 3.10% | 1.03% | 0.58% | 0.05% |
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTGG.DE and SKYE.DE have a correlation of 0.29, 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 FTGG.DE.
FTGG.DE is categorized as Europe Equities, while SKYE.DE is Technology Equities. FTGG.DE tracks Nasdaq AlphaDEX Germany NTR Index, while SKYE.DE tracks ISE Cloud Computing. Their fees differ too: 0.65% for FTGG.DE and 0.60% for SKYE.DE.
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