SKYU.L vs. FDN.L
SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both Technology Equities funds from First Trust - SKYU.L tracks the First Trust Cloud Computing UCITS ETF Class A USD Accumulation while FDN.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 2.92%/yr for FDN.L. Their correlation of 0.87 suggests significant overlap in exposure.
Performance
SKYU.L vs. FDN.L - Performance Comparison
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Different Trading Currencies
SKYU.L is traded in USD, while FDN.L is traded in GBp. To make them comparable, the FDN.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 higher than FDN.L's 2.55% 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*
- —
FDN.L
- 1D
- 0.90%
- 1M
- 2.39%
- 6M
- 5.03%
- YTD
- 2.55%
- 1Y
- 4.22%
- 3Y*
- 17.40%
- 5Y*
- 2.92%
- 10Y*
- —
SKYU.L vs. FDN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SKYU.L First Trust Cloud Computing UCITS ETF Class A USD Accumulation | 4.89% | 8.43% | 35.93% | 55.30% | -45.68% | 10.94% | 59.18% | 24.43% | 0.74% |
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 2.55% | 10.07% | 30.44% | 53.64% | -46.66% | 7.41% | 53.44% | -6.63% | 8.84% |
Correlation
The correlation between SKYU.L and FDN.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2018 | 0.87 |
The correlation between SKYU.L and FDN.L has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
SKYU.L vs. FDN.L — Risk / Return Rank
SKYU.L
FDN.L
SKYU.L vs. FDN.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 Dow Jones Internet UCITS ETF Class A USD (FDN.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 | FDN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.05 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.20 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.17 | 0.48 | +0.69 |
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Drawdowns
SKYU.L vs. FDN.L - Drawdown Comparison
The maximum SKYU.L drawdown since its inception was -53.12%, roughly equal to the maximum FDN.L drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for SKYU.L and FDN.L.
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Drawdown Indicators
| SKYU.L | FDN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -53.81% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -26.70% | -20.84% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -31.91% | -26.01% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -53.81% | +0.69% |
Current DrawdownCurrent decline from peak | -10.40% | -3.96% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -19.82% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 8.72% | +3.87% |
Volatility
SKYU.L vs. FDN.L - Volatility Comparison
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) has a higher volatility of 8.74% compared to First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) at 7.69%. This indicates that SKYU.L's price experiences larger fluctuations and is considered to be riskier than FDN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYU.L | FDN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.69% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.52% | 16.56% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.72% | 20.30% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.13% | 28.97% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 28.94% | -0.39% |
Dividends
SKYU.L vs. FDN.L - Dividend Comparison
Neither SKYU.L nor FDN.L has paid dividends to shareholders.
Frequently Asked Questions
SKYU.L and FDN.L have a correlation of 0.83, 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 FDN.L tracks MSCI World/Information Tech NR USD.
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