SKYU.L vs. SHLD.L
SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD (Acc)) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - SKYU.L tracks the ISE CTA Cloud Computing Exclusions Index while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, SKYU.L returned 5.65%/yr vs 9.10%/yr for SHLD.L. Their correlation of 0.89 suggests significant overlap in exposure. SKYU.L charges 0.60%/yr vs 0.40%/yr for SHLD.L.
Performance
SKYU.L vs. SHLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SKYU.L achieves a 3.29% return, which is significantly lower than SHLD.L's 16.56% return.
SKYU.L
- 1D
- -0.75%
- 1M
- -0.12%
- 6M
- 7.87%
- YTD
- 3.29%
- 1Y
- 10.67%
- 3Y*
- 19.20%
- 5Y*
- 5.65%
- 10Y*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
SKYU.L vs. SHLD.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 (Acc) | 3.29% | 8.43% | 35.93% | 55.30% | -45.68% | 10.94% | 59.18% | 24.43% | 0.74% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | 3.97% |
Correlation
The correlation between SKYU.L and SHLD.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2018 | 0.89 |
The correlation between SKYU.L and SHLD.L has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
SKYU.L vs. SHLD.L — Risk / Return Rank
SKYU.L
SHLD.L
SKYU.L vs. SHLD.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 (Acc) (SKYU.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.91 | -1.51 |
| Martin ratioReturn relative to average drawdown | 0.84 | 4.12 | -3.28 |
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Drawdowns
SKYU.L vs. SHLD.L - Drawdown Comparison
The maximum SKYU.L drawdown since its inception was -53.12%, which is greater than SHLD.L's maximum drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for SKYU.L and SHLD.L.
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Drawdown Indicators
| SKYU.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -36.07% | -17.05% |
Max Drawdown (1Y)Largest decline over 1 year | -26.70% | -11.40% | -15.30% |
Max Drawdown (3Y)Largest decline over 3 years | -31.91% | -22.72% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -36.07% | -17.05% |
Current DrawdownCurrent decline from peak | -11.76% | -5.36% | -6.40% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -9.27% | -7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 5.28% | +7.34% |
Volatility
SKYU.L vs. SHLD.L - Volatility Comparison
First Trust Cloud Computing UCITS ETF Class A USD (Acc) (SKYU.L) has a higher volatility of 8.06% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 6.81%. This indicates that SKYU.L's price experiences larger fluctuations and is considered to be riskier than SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 6.81% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 18.09% | +7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.74% | 21.64% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.13% | 21.39% | +8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 21.22% | +7.33% |
SKYU.L vs. SHLD.L - Expense Ratio Comparison
SKYU.L has a 0.60% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
SKYU.L vs. SHLD.L - Dividend Comparison
SKYU.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
SKYU.L First Trust Cloud Computing UCITS ETF Class A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKYU.L and SHLD.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.60% for SKYU.L.
SKYU.L tracks ISE CTA Cloud Computing Exclusions Index, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for SKYU.L and 0.40% for SHLD.L.
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