FXEU.AS vs. SKYE.AS
FXEU.AS (First Trust FactorFX UCITS ETF Class C EUR) and SKYE.AS (First Trust Cloud Computing UCITS ETF) are both exchange-traded funds - FXEU.AS is a Currency fund actively managed by First Trust, while SKYE.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. FXEU.AS is actively managed, while SKYE.AS is passively managed. Over the past 5 years, FXEU.AS returned 2.82%/yr vs 9.52%/yr for SKYE.AS. At a 0.00 correlation, their price movements are largely independent. FXEU.AS charges 0.75%/yr vs 0.60%/yr for SKYE.AS.
Performance
FXEU.AS vs. SKYE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, FXEU.AS achieves a 2.48% return, which is significantly lower than SKYE.AS's 14.60% return.
FXEU.AS
- 1D
- -0.02%
- 1M
- -0.08%
- YTD
- 2.48%
- 6M
- 2.61%
- 1Y
- 5.63%
- 3Y*
- 4.56%
- 5Y*
- 2.82%
- 10Y*
- —
SKYE.AS
- 1D
- -2.66%
- 1M
- 18.07%
- YTD
- 14.60%
- 6M
- 14.82%
- 1Y
- 24.91%
- 3Y*
- 22.17%
- 5Y*
- 9.52%
- 10Y*
- —
FXEU.AS vs. SKYE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FXEU.AS First Trust FactorFX UCITS ETF Class C EUR | 2.48% | 5.39% | 5.15% | 10.06% | -4.17% | -3.32% | -2.11% | 0.55% |
SKYE.AS First Trust Cloud Computing UCITS ETF | 14.60% | -3.90% | 46.43% | 47.67% | -42.36% | 20.22% | 45.33% | 9.54% |
Correlation
The correlation between FXEU.AS and SKYE.AS is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2019 | 0.00 |
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Return for Risk
FXEU.AS vs. SKYE.AS — Risk / Return Rank
FXEU.AS
SKYE.AS
FXEU.AS vs. SKYE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class C EUR (FXEU.AS) and First Trust Cloud Computing UCITS ETF (SKYE.AS). 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.
| FXEU.AS | SKYE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.88 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.29 | 1.95 | +1.35 |
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
| FXEU.AS | SKYE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.87 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.33 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.51 | -0.21 |
Drawdowns
FXEU.AS vs. SKYE.AS - Drawdown Comparison
The maximum FXEU.AS drawdown since its inception was -11.56%, smaller than the maximum SKYE.AS drawdown of -49.60%. Use the drawdown chart below to compare losses from any high point for FXEU.AS and SKYE.AS.
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Drawdown Indicators
| FXEU.AS | SKYE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.56% | -49.60% | +38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -27.79% | +19.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.96% | -36.27% | +28.31% |
Max Drawdown (5Y)Largest decline over 5 years | -8.57% | -49.60% | +41.03% |
Current DrawdownCurrent decline from peak | -0.92% | -3.17% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -17.18% | +13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 12.71% | -11.01% |
Volatility
FXEU.AS vs. SKYE.AS - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class C EUR (FXEU.AS) is 1.84%, while First Trust Cloud Computing UCITS ETF (SKYE.AS) has a volatility of 11.76%. This indicates that FXEU.AS experiences smaller price fluctuations and is considered to be less risky than SKYE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXEU.AS | SKYE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 11.76% | -9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 23.77% | -17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 28.45% | -14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 28.97% | -14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 28.82% | -15.63% |
FXEU.AS vs. SKYE.AS - Expense Ratio Comparison
FXEU.AS has a 0.75% expense ratio, which is higher than SKYE.AS's 0.60% expense ratio.
Dividends
FXEU.AS vs. SKYE.AS - Dividend Comparison
Neither FXEU.AS nor SKYE.AS has paid dividends to shareholders.
Frequently Asked Questions
FXEU.AS and SKYE.AS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKYE.AS is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKYE.AS is cheaper with a 0.60% expense ratio, compared with 0.75% for FXEU.AS.
FXEU.AS is categorized as Currency, while SKYE.AS is Technology Equities. Their fees differ too: 0.75% for FXEU.AS and 0.60% for SKYE.AS.
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