SKYU.L vs. IUIT.L
SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - SKYU.L tracks the First Trust Cloud Computing UCITS ETF Class A USD Accumulation while IUIT.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, SKYU.L returned 5.97%/yr vs 21.03%/yr for IUIT.L. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
SKYU.L vs. IUIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, SKYU.L achieves a 4.89% return, which is significantly lower than IUIT.L's 17.06% 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*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
SKYU.L vs. IUIT.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% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | 5.65% |
Correlation
The correlation between SKYU.L and IUIT.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2018 | 0.76 |
The correlation between SKYU.L and IUIT.L shifts across timeframes, from 0.63 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SKYU.L vs. IUIT.L — Risk / Return Rank
SKYU.L
IUIT.L
SKYU.L vs. IUIT.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 iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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 | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.85 | -1.30 |
| Martin ratioReturn relative to average drawdown | 1.17 | 4.97 | -3.80 |
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Drawdowns
SKYU.L vs. IUIT.L - Drawdown Comparison
The maximum SKYU.L drawdown since its inception was -53.12%, which is greater than IUIT.L's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for SKYU.L and IUIT.L.
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Drawdown Indicators
| SKYU.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -33.46% | -19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -26.70% | -17.03% | -9.67% |
Max Drawdown (3Y)Largest decline over 3 years | -31.91% | -26.40% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -33.46% | -19.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -10.40% | -7.85% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -5.91% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 6.35% | +6.24% |
Volatility
SKYU.L vs. IUIT.L - Volatility Comparison
First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) has a higher volatility of 8.74% compared to iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) at 7.15%. This indicates that SKYU.L's price experiences larger fluctuations and is considered to be riskier than IUIT.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 | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.15% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 25.52% | 17.59% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.72% | 22.08% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.13% | 23.96% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 22.32% | +6.23% |
Dividends
SKYU.L vs. IUIT.L - Dividend Comparison
Neither SKYU.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
SKYU.L and IUIT.L have a correlation of 0.63, 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 IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: First Trust and iShares.
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