KROP.L vs. SKYU.L

Last updated Jul 18, 2026

KROP.L (Global X AgTech & Food Innovation UCITS ETF USD (Acc)) and SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD (Acc)) are both Technology Equities funds - KROP.L tracks the Solactive AgTech & Food Innovation v2 Index while SKYU.L tracks the ISE CTA Cloud Computing Exclusions Index. Both are passively managed. Over the past 3 years, KROP.L returned -1.55%/yr vs 19.20%/yr for SKYU.L. At a 0.45 correlation, their price movements are largely independent. KROP.L charges 0.50%/yr vs 0.60%/yr for SKYU.L.

Performance

KROP.L vs. SKYU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) and First Trust Cloud Computing UCITS ETF Class A USD (Acc) (SKYU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KROP.L achieves a 14.38% return, which is significantly higher than SKYU.L's 3.29% return.

KROP.L

• 1D: -0.10%
• 1M: 0.91%
• 6M: 5.92%
• YTD: 14.38%
• 1Y: 10.47%
• 3Y*: -1.55%
• 5Y*: —
• 10Y*: —

SKYU.L

• 1D: -0.75%
• 1M: -0.12%
• 6M: 7.87%
• YTD: 3.29%
• 1Y: 10.67%
• 3Y*: 19.20%
• 5Y*: 5.65%
• 10Y*: —

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

KROP.L vs. SKYU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KROP.L Global X AgTech & Food Innovation UCITS ETF USD (Acc)	14.38%	7.62%	-8.33%	-22.51%	-24.21%
SKYU.L First Trust Cloud Computing UCITS ETF Class A USD (Acc)	3.29%	8.43%	35.93%	55.30%	-37.66%

Correlation

The correlation between KROP.L and SKYU.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022	0.45

Over the past year, the correlation between KROP.L and SKYU.L has dropped to 0.15 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

KROP.L vs. SKYU.L — Risk / Return Rank

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

KROP.L

KROP.L Risk / Return Rank: 24
KROP.L Sharpe Ratio Rank: 24
KROP.L Sortino Ratio Rank: 24
KROP.L Omega Ratio Rank: 23
KROP.L Calmar Ratio Rank: 26
KROP.L Martin Ratio Rank: 23

SKYU.L

SKYU.L Risk / Return Rank: 17
SKYU.L Sharpe Ratio Rank: 17
SKYU.L Sortino Ratio Rank: 18
SKYU.L Omega Ratio Rank: 17
SKYU.L Calmar Ratio Rank: 16
SKYU.L Martin Ratio Rank: 15

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.

KROP.L vs. SKYU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) and First Trust Cloud Computing UCITS ETF Class A USD (Acc) (SKYU.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.

	KROP.L	SKYU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.36	+0.27
Sortino ratio: Return per unit of downside risk	1.03	0.71	+0.32
Omega ratio: Gain probability vs. loss probability	1.12	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	0.98	0.40	+0.58
Martin ratio: Return relative to average drawdown	2.00	0.84	+1.16

KROP.L vs. SKYU.L - Sharpe Ratio Comparison

The current KROP.L Sharpe Ratio is 0.63, which is higher than the SKYU.L Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of KROP.L and SKYU.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

KROP.L vs. SKYU.L - Drawdown Comparison

The maximum KROP.L drawdown since its inception was -52.04%, roughly equal to the maximum SKYU.L drawdown of -53.12%. Use the drawdown chart below to compare losses from any high point for KROP.L and SKYU.L.

Drawdown Indicators

	KROP.L	SKYU.L	Difference
Max Drawdown Largest peak-to-trough decline	-52.04%	-53.12%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-26.70%	+16.02%
Max Drawdown (3Y) Largest decline over 3 years	-27.32%	-31.91%	+4.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.12%	—
Current Drawdown Current decline from peak	-37.92%	-11.76%	-26.16%
Average Drawdown Average peak-to-trough decline	-36.93%	-16.78%	-20.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	12.62%	-7.40%

Volatility

KROP.L vs. SKYU.L - Volatility Comparison

The current volatility for Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) is 4.12%, while First Trust Cloud Computing UCITS ETF Class A USD (Acc) (SKYU.L) has a volatility of 8.06%. This indicates that KROP.L experiences smaller price fluctuations and is considered to be less risky than SKYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KROP.L	SKYU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	8.06%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	25.50%	-12.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	29.74%	-13.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.23%	30.13%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	28.55%	-7.32%

KROP.L vs. SKYU.L - Expense Ratio Comparison

KROP.L has a 0.50% expense ratio, which is lower than SKYU.L's 0.60% expense ratio.

Dividends

KROP.L vs. SKYU.L - Dividend Comparison

Neither KROP.L nor SKYU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KROP.L and SKYU.L in my portfolio?

KROP.L and SKYU.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KROP.L or SKYU.L?

On fees, KROP.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KROP.L or SKYU.L?

KROP.L is cheaper with a 0.50% expense ratio, compared with 0.60% for SKYU.L.

What is the main difference between KROP.L and SKYU.L?

KROP.L tracks Solactive AgTech & Food Innovation v2 Index, while SKYU.L tracks ISE CTA Cloud Computing Exclusions Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for KROP.L and 0.60% for SKYU.L.