SKYE.DE vs. WELL.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and WELL.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Dist) are both Technology Equities funds - SKYE.DE tracks the ISE Cloud Computing while WELL.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, SKYE.DE returned 19.90%/yr vs 25.52%/yr for WELL.DE. A 0.72 correlation means they provide meaningful diversification when combined. SKYE.DE charges 0.60%/yr vs 0.18%/yr for WELL.DE.
Performance
SKYE.DE vs. WELL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SKYE.DE achieves a 8.66% return, which is significantly lower than WELL.DE's 18.64% return.
SKYE.DE
- 1D
- 0.00%
- 1M
- 2.77%
- 6M
- 11.94%
- YTD
- 8.66%
- 1Y
- 17.43%
- 3Y*
- 19.90%
- 5Y*
- 6.94%
- 10Y*
- —
WELL.DE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 20.35%
- YTD
- 18.64%
- 1Y
- 30.91%
- 3Y*
- 25.52%
- 5Y*
- —
- 10Y*
- —
SKYE.DE vs. WELL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 8.66% | -3.03% | 43.91% | 50.20% | -17.43% |
WELL.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Dist | 18.64% | 9.77% | 38.81% | 57.34% | -8.30% |
Correlation
The correlation between SKYE.DE and WELL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.72 |
The correlation between SKYE.DE and WELL.DE has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
SKYE.DE vs. WELL.DE — Risk / Return Rank
SKYE.DE
WELL.DE
SKYE.DE vs. WELL.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 Amundi S&P Global Information Technology ESG UCITS ETF EUR Dist (WELL.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.
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.
| SKYE.DE | WELL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.90 | -1.28 |
| Martin ratioReturn relative to average drawdown | 1.32 | 4.66 | -3.34 |
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Drawdowns
SKYE.DE vs. WELL.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, which is greater than WELL.DE's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for SKYE.DE and WELL.DE.
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Drawdown Indicators
| SKYE.DE | WELL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -28.78% | -21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -16.18% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -28.78% | -7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | — | — |
Current DrawdownCurrent decline from peak | -7.46% | -4.79% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -19.78% | -4.77% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 6.61% | +6.58% |
Volatility
SKYE.DE vs. WELL.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a higher volatility of 8.94% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Dist (WELL.DE) at 6.05%. This indicates that SKYE.DE's price experiences larger fluctuations and is considered to be riskier than WELL.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 | WELL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 6.05% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 25.68% | 15.75% | +9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.64% | 21.39% | +9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.29% | 22.42% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 22.42% | +6.10% |
SKYE.DE vs. WELL.DE - Expense Ratio Comparison
SKYE.DE has a 0.60% expense ratio, which is higher than WELL.DE's 0.18% expense ratio.
Dividends
SKYE.DE vs. WELL.DE - Dividend Comparison
SKYE.DE has not paid dividends to shareholders, while WELL.DE's dividend yield for the trailing twelve months is around 0.27%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
WELL.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Dist | 0.27% | 0.35% | 0.36% | 0.14% |
Frequently Asked Questions
SKYE.DE and WELL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELL.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELL.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for SKYE.DE.
SKYE.DE tracks ISE Cloud Computing, while WELL.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.60% for SKYE.DE and 0.18% for WELL.DE.
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