SKYE.DE vs. L0CK.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) are both Technology Equities funds - SKYE.DE tracks the ISE Cloud Computing while L0CK.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, SKYE.DE returned 9.62%/yr vs 10.97%/yr for L0CK.DE. Their correlation of 0.90 suggests significant overlap in exposure. SKYE.DE charges 0.60%/yr vs 0.40%/yr for L0CK.DE.
Performance
SKYE.DE vs. L0CK.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 L0CK.DE's 19.85% 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*
- —
L0CK.DE
- 1D
- -2.66%
- 1M
- 11.33%
- YTD
- 19.85%
- 6M
- 20.34%
- 1Y
- 22.13%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
SKYE.DE vs. L0CK.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% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 11.11% |
Correlation
The correlation between SKYE.DE and L0CK.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020 | 0.90 |
The correlation between SKYE.DE and L0CK.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
SKYE.DE vs. L0CK.DE — Risk / Return Rank
SKYE.DE
L0CK.DE
SKYE.DE vs. L0CK.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 iShares Digital Security UCITS ETF USD (Acc) (L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.81 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.93 | 4.44 | -2.50 |
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 | L0CK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.09 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.55 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.60 | -0.19 |
Drawdowns
SKYE.DE vs. L0CK.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, which is greater than L0CK.DE's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for SKYE.DE and L0CK.DE.
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Drawdown Indicators
| SKYE.DE | L0CK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -32.50% | -17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -12.47% | -15.58% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -27.07% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -28.54% | -21.36% |
Current DrawdownCurrent decline from peak | -2.57% | -3.17% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -9.03% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 5.08% | +7.69% |
Volatility
SKYE.DE vs. L0CK.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a higher volatility of 11.20% compared to iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) at 8.18%. This indicates that SKYE.DE's price experiences larger fluctuations and is considered to be riskier than L0CK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYE.DE | L0CK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 8.18% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 23.89% | 16.31% | +7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.78% | 20.67% | +8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 19.90% | +9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 20.21% | +8.18% |
SKYE.DE vs. L0CK.DE - Expense Ratio Comparison
SKYE.DE has a 0.60% expense ratio, which is higher than L0CK.DE's 0.40% expense ratio.
Dividends
SKYE.DE vs. L0CK.DE - Dividend Comparison
Neither SKYE.DE nor L0CK.DE has paid dividends to shareholders.
Frequently Asked Questions
SKYE.DE and L0CK.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L0CK.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L0CK.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for SKYE.DE.
SKYE.DE tracks ISE Cloud Computing, while L0CK.DE tracks STOXX® Global Digital Security. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for SKYE.DE and 0.40% for L0CK.DE.
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