SKYE.DE vs. CBRS.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and CBRS.DE (First Trust Nasdaq Cybersecurity UCITS ETF Acc) are both Technology Equities funds from First Trust - SKYE.DE tracks the ISE Cloud Computing while CBRS.DE tracks the Nasdaq CTA Cybersecurity. Both are passively managed. Over the past 5 years, SKYE.DE returned 9.62%/yr vs 15.64%/yr for CBRS.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
SKYE.DE vs. CBRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SKYE.DE achieves a 14.41% return, which is significantly lower than CBRS.DE's 25.88% return.
SKYE.DE
- 1D
- 0.22%
- 1M
- 17.87%
- YTD
- 14.41%
- 6M
- 12.76%
- 1Y
- 22.89%
- 3Y*
- 22.28%
- 5Y*
- 9.62%
- 10Y*
- —
CBRS.DE
- 1D
- -2.53%
- 1M
- 31.84%
- YTD
- 25.88%
- 6M
- 20.65%
- 1Y
- 19.14%
- 3Y*
- 22.06%
- 5Y*
- 15.64%
- 10Y*
- —
SKYE.DE vs. CBRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 14.41% | -3.03% | 43.91% | 50.20% | -42.23% | 19.10% | 13.26% |
CBRS.DE First Trust Nasdaq Cybersecurity UCITS ETF Acc | 25.88% | -3.73% | 25.69% | 36.29% | -23.65% | 31.09% | 17.73% |
Correlation
The correlation between SKYE.DE and CBRS.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020 | 0.86 |
The correlation between SKYE.DE and CBRS.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
SKYE.DE vs. CBRS.DE — Risk / Return Rank
SKYE.DE
CBRS.DE
SKYE.DE vs. CBRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) and First Trust Nasdaq Cybersecurity UCITS ETF Acc (CBRS.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.
| SKYE.DE | CBRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.81 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.89 | +0.04 |
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.DE | CBRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.75 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.66 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.73 | -0.32 |
Drawdowns
SKYE.DE vs. CBRS.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, which is greater than CBRS.DE's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for SKYE.DE and CBRS.DE.
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Drawdown Indicators
| SKYE.DE | CBRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -28.84% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -23.94% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -28.84% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -28.84% | -21.06% |
Current DrawdownCurrent decline from peak | -2.57% | -3.23% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -10.34% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 10.27% | +2.50% |
Volatility
SKYE.DE vs. CBRS.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) and First Trust Nasdaq Cybersecurity UCITS ETF Acc (CBRS.DE) have volatilities of 11.20% and 11.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYE.DE | CBRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 11.76% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 23.89% | 22.50% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.78% | 25.84% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 23.56% | +5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 23.34% | +5.05% |
SKYE.DE vs. CBRS.DE - Expense Ratio Comparison
Both SKYE.DE and CBRS.DE have an expense ratio of 0.60%.
Dividends
SKYE.DE vs. CBRS.DE - Dividend Comparison
Neither SKYE.DE nor CBRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SKYE.DE and CBRS.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SKYE.DE and CBRS.DE have the same expense ratio: 0.60% per year.
SKYE.DE tracks ISE Cloud Computing, while CBRS.DE tracks Nasdaq CTA Cybersecurity.
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