SKYE.DE vs. QDVE.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - SKYE.DE tracks the ISE Cloud Computing while QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, SKYE.DE returned 9.62%/yr vs 25.33%/yr for QDVE.DE. A 0.75 correlation means they provide meaningful diversification when combined. SKYE.DE charges 0.60%/yr vs 0.15%/yr for QDVE.DE.
Performance
SKYE.DE vs. QDVE.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 QDVE.DE's 24.06% 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*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 11.84%
- YTD
- 24.06%
- 6M
- 22.46%
- 1Y
- 48.25%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
SKYE.DE vs. QDVE.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% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 6.59% |
Correlation
The correlation between SKYE.DE and QDVE.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020 | 0.75 |
The correlation between SKYE.DE and QDVE.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
SKYE.DE vs. QDVE.DE — Risk / Return Rank
SKYE.DE
QDVE.DE
SKYE.DE vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.14 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.93 | 8.31 | -6.38 |
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 | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.40 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 1.10 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.07 | -0.66 |
Drawdowns
SKYE.DE vs. QDVE.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, which is greater than QDVE.DE's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for SKYE.DE and QDVE.DE.
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Drawdown Indicators
| SKYE.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -31.45% | -18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -15.59% | -12.46% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -29.83% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -29.83% | -20.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -2.57% | -3.08% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -5.80% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 5.91% | +6.86% |
Volatility
SKYE.DE vs. QDVE.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a higher volatility of 11.20% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.12%. This indicates that SKYE.DE's price experiences larger fluctuations and is considered to be riskier than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 7.12% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.89% | 14.85% | +9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.78% | 20.42% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 22.71% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 21.73% | +6.66% |
SKYE.DE vs. QDVE.DE - Expense Ratio Comparison
SKYE.DE has a 0.60% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
SKYE.DE vs. QDVE.DE - Dividend Comparison
Neither SKYE.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
SKYE.DE and QDVE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.60% for SKYE.DE.
SKYE.DE tracks ISE Cloud Computing, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for SKYE.DE and 0.15% for QDVE.DE.
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