SKYY vs. ARKK
Compare and contrast key facts about First Trust ISE Cloud Computing Index Fund (SKYY) and ARK Innovation ETF (ARKK).
SKYY and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYY is a passively managed fund by First Trust that tracks the performance of the ISE Cloud Computing Index. It was launched on Jul 5, 2011. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYY or ARKK.
Performance
SKYY vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, SKYY achieves a 33.42% return, which is significantly higher than ARKK's 6.78% return. Over the past 10 years, SKYY has outperformed ARKK with an annualized return of 15.83%, while ARKK has yielded a comparatively lower 11.84% annualized return.
SKYY
33.42%
9.48%
21.06%
45.49%
14.64%
15.83%
ARKK
6.78%
16.43%
23.72%
24.60%
3.80%
11.84%
Key characteristics
| SKYY | ARKK | |
|---|---|---|
| Sharpe Ratio | 2.22 | 0.78 |
| Sortino Ratio | 2.81 | 1.28 |
| Omega Ratio | 1.38 | 1.15 |
| Calmar Ratio | 1.45 | 0.38 |
| Martin Ratio | 14.16 | 1.94 |
| Ulcer Index | 3.34% | 14.38% |
| Daily Std Dev | 21.29% | 35.67% |
| Max Drawdown | -53.20% | -80.91% |
| Current Drawdown | -2.48% | -63.69% |
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SKYY vs. ARKK - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Correlation
The correlation between SKYY and ARKK is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SKYY vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and ARK Innovation ETF (ARKK). 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.
Dividends
SKYY vs. ARKK - Dividend Comparison
Neither SKYY nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.95% | 0.27% | 0.35% | 0.41% | 0.17% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% |
Drawdowns
SKYY vs. ARKK - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for SKYY and ARKK. For additional features, visit the drawdowns tool.
Volatility
SKYY vs. ARKK - Volatility Comparison
The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 7.31%, while ARK Innovation ETF (ARKK) has a volatility of 14.32%. This indicates that SKYY experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.