SKYE.AS vs. FXEU.AS
SKYE.AS (First Trust Cloud Computing UCITS ETF) and FXEU.AS (First Trust FactorFX UCITS ETF Class C EUR) are both exchange-traded funds - SKYE.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while FXEU.AS is a Currency fund actively managed by First Trust. SKYE.AS is passively managed, while FXEU.AS is actively managed. Over the past 5 years, SKYE.AS returned 9.52%/yr vs 2.82%/yr for FXEU.AS. At a 0.00 correlation, their price movements are largely independent. SKYE.AS charges 0.60%/yr vs 0.75%/yr for FXEU.AS.
Performance
SKYE.AS vs. FXEU.AS - Performance Comparison
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Returns By Period
In the year-to-date period, SKYE.AS achieves a 14.60% return, which is significantly higher than FXEU.AS's 2.48% return.
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
- 1D
- -0.02%
- 1M
- -0.08%
- YTD
- 2.48%
- 6M
- 2.61%
- 1Y
- 5.63%
- 3Y*
- 4.56%
- 5Y*
- 2.82%
- 10Y*
- —
SKYE.AS vs. FXEU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SKYE.AS First Trust Cloud Computing UCITS ETF | 14.60% | -3.90% | 46.43% | 47.67% | -42.36% | 20.22% | 45.33% | 9.54% |
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% |
Correlation
The correlation between SKYE.AS and FXEU.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
SKYE.AS vs. FXEU.AS — Risk / Return Rank
SKYE.AS
FXEU.AS
SKYE.AS vs. FXEU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF (SKYE.AS) and First Trust FactorFX UCITS ETF Class C EUR (FXEU.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.
| SKYE.AS | FXEU.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 | 1.17 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.71 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.95 | 3.29 | -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
| SKYE.AS | FXEU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.41 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.41 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.30 | +0.21 |
Drawdowns
SKYE.AS vs. FXEU.AS - Drawdown Comparison
The maximum SKYE.AS drawdown since its inception was -49.60%, which is greater than FXEU.AS's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for SKYE.AS and FXEU.AS.
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Drawdown Indicators
| SKYE.AS | FXEU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.60% | -11.56% | -38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -27.79% | -7.83% | -19.96% |
Max Drawdown (3Y)Largest decline over 3 years | -36.27% | -7.96% | -28.31% |
Max Drawdown (5Y)Largest decline over 5 years | -49.60% | -8.57% | -41.03% |
Current DrawdownCurrent decline from peak | -3.17% | -0.92% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -3.31% | -13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.71% | 1.70% | +11.01% |
Volatility
SKYE.AS vs. FXEU.AS - Volatility Comparison
First Trust Cloud Computing UCITS ETF (SKYE.AS) has a higher volatility of 11.76% compared to First Trust FactorFX UCITS ETF Class C EUR (FXEU.AS) at 1.84%. This indicates that SKYE.AS's price experiences larger fluctuations and is considered to be riskier than FXEU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYE.AS | FXEU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.76% | 1.84% | +9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 23.77% | 6.13% | +17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.45% | 13.66% | +14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.97% | 14.20% | +14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.82% | 13.19% | +15.63% |
SKYE.AS vs. FXEU.AS - Expense Ratio Comparison
SKYE.AS has a 0.60% expense ratio, which is lower than FXEU.AS's 0.75% expense ratio.
Dividends
SKYE.AS vs. FXEU.AS - Dividend Comparison
Neither SKYE.AS nor FXEU.AS has paid dividends to shareholders.
Frequently Asked Questions
SKYE.AS and FXEU.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.
SKYE.AS is categorized as Technology Equities, while FXEU.AS is Currency. Their fees differ too: 0.60% for SKYE.AS and 0.75% for FXEU.AS.
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