SKYE.DE vs. XAIX.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and XAIX.DE (Xtrackers Artificial Intelligence & Big Data UCITS ETF) are both Technology Equities funds - SKYE.DE tracks the ISE Cloud Computing while XAIX.DE tracks the Nasdaq Global Artificial Intelligence and Big Data. Both are passively managed. Over the past 5 years, SKYE.DE returned 6.49%/yr vs 19.08%/yr for XAIX.DE. Their correlation of 0.83 suggests significant overlap in exposure. SKYE.DE charges 0.60%/yr vs 0.35%/yr for XAIX.DE.
Performance
SKYE.DE vs. XAIX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SKYE.DE achieves a 6.41% return, which is significantly lower than XAIX.DE's 24.31% return.
SKYE.DE
- 1D
- 0.00%
- 1M
- 2.16%
- 6M
- 10.17%
- YTD
- 6.41%
- 1Y
- 12.97%
- 3Y*
- 18.77%
- 5Y*
- 6.49%
- 10Y*
- —
XAIX.DE
- 1D
- -1.35%
- 1M
- -7.72%
- 6M
- 22.72%
- YTD
- 24.31%
- 1Y
- 37.89%
- 3Y*
- 30.51%
- 5Y*
- 19.08%
- 10Y*
- —
SKYE.DE vs. XAIX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 6.41% | -3.03% | 43.91% | 50.20% | -42.23% | 19.10% | 14.67% |
XAIX.DE Xtrackers Artificial Intelligence & Big Data UCITS ETF | 24.31% | 15.25% | 34.63% | 63.77% | -31.80% | 35.85% | 16.36% |
Correlation
The correlation between SKYE.DE and XAIX.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2020 | 0.83 |
The correlation between SKYE.DE and XAIX.DE shifts across timeframes, from 0.64 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SKYE.DE vs. XAIX.DE — Risk / Return Rank
SKYE.DE
XAIX.DE
SKYE.DE vs. XAIX.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 Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX.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 | XAIX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.09 | -2.62 |
| Martin ratioReturn relative to average drawdown | 0.98 | 7.75 | -6.77 |
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Drawdowns
SKYE.DE vs. XAIX.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, which is greater than XAIX.DE's maximum drawdown of -33.08%. Use the drawdown chart below to compare losses from any high point for SKYE.DE and XAIX.DE.
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Drawdown Indicators
| SKYE.DE | XAIX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -33.08% | -16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -12.22% | -15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -27.61% | -8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -33.08% | -16.82% |
Current DrawdownCurrent decline from peak | -9.38% | -12.22% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -19.77% | -7.61% | -12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.22% | 4.88% | +8.34% |
Volatility
SKYE.DE vs. XAIX.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) and Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX.DE) have volatilities of 8.63% and 8.90%, 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 | XAIX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.63% | 8.90% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 25.69% | 19.36% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.58% | 23.10% | +7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.29% | 21.30% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.51% | 21.93% | +6.58% |
SKYE.DE vs. XAIX.DE - Expense Ratio Comparison
SKYE.DE has a 0.60% expense ratio, which is higher than XAIX.DE's 0.35% expense ratio.
Dividends
SKYE.DE vs. XAIX.DE - Dividend Comparison
Neither SKYE.DE nor XAIX.DE has paid dividends to shareholders.
Frequently Asked Questions
SKYE.DE and XAIX.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAIX.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAIX.DE is cheaper with a 0.35% expense ratio, compared with 0.60% for SKYE.DE.
SKYE.DE tracks ISE Cloud Computing, while XAIX.DE tracks Nasdaq Global Artificial Intelligence and Big Data. They also come from different issuers: First Trust and Xtrackers. Their fees differ too: 0.60% for SKYE.DE and 0.35% for XAIX.DE.
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