SKYY vs. FDN
Compare and contrast key facts about First Trust ISE Cloud Computing Index Fund (SKYY) and First Trust Dow Jones Internet Index (FDN).
SKYY and FDN 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. FDN is a passively managed fund by First Trust that tracks the performance of the Dow Jones Internet Index. It was launched on Jun 23, 2006. Both SKYY and FDN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYY or FDN.
Performance
SKYY vs. FDN - Performance Comparison
Returns By Period
In the year-to-date period, SKYY achieves a 34.16% return, which is significantly higher than FDN's 25.91% return. Over the past 10 years, SKYY has outperformed FDN with an annualized return of 15.89%, while FDN has yielded a comparatively lower 14.43% annualized return.
SKYY
34.16%
10.21%
22.14%
47.49%
14.72%
15.89%
FDN
25.91%
6.91%
14.76%
40.88%
11.70%
14.43%
Key characteristics
| SKYY | FDN | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.15 |
| Sortino Ratio | 2.76 | 2.77 |
| Omega Ratio | 1.37 | 1.37 |
| Calmar Ratio | 1.41 | 1.17 |
| Martin Ratio | 13.84 | 11.10 |
| Ulcer Index | 3.34% | 3.59% |
| Daily Std Dev | 21.27% | 18.56% |
| Max Drawdown | -53.20% | -61.55% |
| Current Drawdown | -1.93% | -6.88% |
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SKYY vs. FDN - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is higher than FDN's 0.52% expense ratio.
Correlation
The correlation between SKYY and FDN is 0.92, 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. FDN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and First Trust Dow Jones Internet Index (FDN). 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. FDN - Dividend Comparison
Neither SKYY nor FDN 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% |
FDN First Trust Dow Jones Internet Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SKYY vs. FDN - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum FDN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for SKYY and FDN. For additional features, visit the drawdowns tool.
Volatility
SKYY vs. FDN - Volatility Comparison
First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 7.11% compared to First Trust Dow Jones Internet Index (FDN) at 5.71%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than FDN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.