SKYU.L vs. FCBR.L
SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and FCBR.L (First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation) are both Technology Equities funds from First Trust - SKYU.L tracks the First Trust Cloud Computing UCITS ETF Class A USD Accumulation while FCBR.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, SKYU.L returned 5.97%/yr vs 13.89%/yr for FCBR.L. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
SKYU.L vs. FCBR.L - Performance Comparison
Loading charts...
Different Trading Currencies
SKYU.L is traded in USD, while FCBR.L is traded in GBp. To make them comparable, the FCBR.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SKYU.L achieves a 4.89% return, which is significantly lower than FCBR.L's 30.53% return.
SKYU.L
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 8.11%
- YTD
- 4.89%
- 1Y
- 14.00%
- 3Y*
- 19.89%
- 5Y*
- 5.97%
- 10Y*
- —
FCBR.L
- 1D
- -1.49%
- 1M
- 9.01%
- 6M
- 31.14%
- YTD
- 30.53%
- 1Y
- 26.78%
- 3Y*
- 25.33%
- 5Y*
- 13.89%
- 10Y*
- —
SKYU.L vs. FCBR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SKYU.L First Trust Cloud Computing UCITS ETF Class A USD Accumulation | 4.89% | 8.43% | 35.93% | 55.30% | -45.68% | 10.94% | 41.42% |
FCBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 30.53% | 7.48% | 18.92% | 40.01% | -27.54% | 20.31% | 11,567.32% |
Correlation
The correlation between SKYU.L and FCBR.L 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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.84 |
The correlation between SKYU.L and FCBR.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SKYU.L vs. FCBR.L — Risk / Return Rank
SKYU.L
FCBR.L
SKYU.L vs. FCBR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) and First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L). 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.
| SKYU.L | FCBR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.15 | -0.60 |
| Martin ratioReturn relative to average drawdown | 1.17 | 2.63 | -1.45 |
Loading charts...
Drawdowns
SKYU.L vs. FCBR.L - Drawdown Comparison
The maximum SKYU.L drawdown since its inception was -53.12%, which is greater than FCBR.L's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SKYU.L and FCBR.L.
Loading charts...
Drawdown Indicators
| SKYU.L | FCBR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -33.57% | -19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -26.70% | -23.25% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -31.91% | -23.93% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -33.57% | -19.55% |
Current DrawdownCurrent decline from peak | -10.40% | -1.49% | -8.91% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -10.43% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 10.17% | +2.42% |
Volatility
SKYU.L vs. FCBR.L - Volatility Comparison
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) and First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L) have volatilities of 8.74% and 8.71%, 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.
Loading charts...
Volatility by Period
| SKYU.L | FCBR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 8.71% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 25.52% | 23.10% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.72% | 26.19% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.13% | 27.40% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 3,265.63% | -3,237.08% |
Dividends
SKYU.L vs. FCBR.L - Dividend Comparison
Neither SKYU.L nor FCBR.L has paid dividends to shareholders.
Frequently Asked Questions
SKYU.L and FCBR.L 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.
SKYU.L tracks First Trust Cloud Computing UCITS ETF Class A USD Accumulation, while FCBR.L tracks MSCI World/Information Tech NR USD.
Find the right allocation for SKYU.L and FCBR.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer