SKYY vs. GTEK

Last updated Jul 16, 2026

SKYY (First Trust ISE Cloud Computing Index Fund) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. SKYY is passively managed, while GTEK is actively managed. Over the past 3 years, SKYY returned 20.25%/yr vs 29.44%/yr for GTEK. Their correlation of 0.87 suggests significant overlap in exposure. SKYY charges 0.60%/yr vs 0.75%/yr for GTEK.

Performance

SKYY vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust ISE Cloud Computing Index Fund (SKYY) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKYY achieves a 5.34% return, which is significantly lower than GTEK's 42.06% return.

SKYY

• 1D: -1.64%
• 1M: 0.22%
• 6M: 8.56%
• YTD: 5.34%
• 1Y: 14.28%
• 3Y*: 20.25%
• 5Y*: 6.06%
• 10Y*: 16.20%

GTEK

• 1D: -1.30%
• 1M: -7.28%
• 6M: 37.26%
• YTD: 42.06%
• 1Y: 58.76%
• 3Y*: 29.44%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKYY vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SKYY First Trust ISE Cloud Computing Index Fund	5.34%	9.20%	35.87%	52.18%	-44.68%	-4.72%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	42.06%	23.68%	15.94%	33.58%	-46.73%	-2.50%

Correlation

The correlation between SKYY and GTEK is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.87

The correlation between SKYY and GTEK shifts across timeframes, from 0.67 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

SKYY vs. GTEK - Sectors Allocation Comparison

Sectors	SKYY	GTEK
Technology	89.1%	74.5%
Communication Services	4.7%	3.7%
Consumer Cyclical	1.6%	4.9%
Healthcare	1.6%	1.1%
Industrials	1.6%	8.1%
Basic Materials	-	3.4%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.2%
Real Estate	-	2.3%
Utilities	-	-

Return for Risk

SKYY vs. GTEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKYY

SKYY Risk / Return Rank: 18
SKYY Sharpe Ratio Rank: 19
SKYY Sortino Ratio Rank: 19
SKYY Omega Ratio Rank: 19
SKYY Calmar Ratio Rank: 17
SKYY Martin Ratio Rank: 16

GTEK

GTEK Risk / Return Rank: 79
GTEK Sharpe Ratio Rank: 78
GTEK Sortino Ratio Rank: 69
GTEK Omega Ratio Rank: 69
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKYY vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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.

	SKYY	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.99	-1.49
Sortino ratio: Return per unit of downside risk	0.90	2.53	-1.63
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.52	5.30	-4.78
Martin ratio: Return relative to average drawdown	1.11	15.25	-14.14

SKYY vs. GTEK - Sharpe Ratio Comparison

The current SKYY Sharpe Ratio is 0.50, which is lower than the GTEK Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of SKYY and GTEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SKYY vs. GTEK - Drawdown Comparison

The maximum SKYY drawdown since its inception was -53.20%, roughly equal to the maximum GTEK drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for SKYY and GTEK.

Drawdown Indicators

	SKYY	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-53.20%	-53.77%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-11.13%	-16.26%
Max Drawdown (3Y) Largest decline over 3 years	-31.80%	-27.49%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	-53.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.20%	—	—
Current Drawdown Current decline from peak	-11.69%	-9.72%	-1.97%
Average Drawdown Average peak-to-trough decline	-10.91%	-26.96%	+16.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.92%	3.87%	+9.05%

Volatility

SKYY vs. GTEK - Volatility Comparison

The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 7.23%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 11.88%. This indicates that SKYY experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKYY	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	11.88%	-4.65%
Volatility (6M) Calculated over the trailing 6-month period	24.34%	26.13%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	28.79%	29.74%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.81%	28.81%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	28.81%	-1.92%

SKYY vs. GTEK - Expense Ratio Comparison

SKYY has a 0.60% expense ratio, which is lower than GTEK's 0.75% expense ratio.

Dividends

SKYY vs. GTEK - Dividend Comparison

Neither SKYY nor GTEK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SKYY First Trust ISE Cloud Computing Index Fund	0.00%	0.00%	0.00%	0.00%	0.23%	0.78%	0.17%	0.54%	0.37%	0.27%	0.35%	0.41%

Frequently Asked Questions

Can I hold both SKYY and GTEK in my portfolio?

SKYY and GTEK have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKYY or GTEK?

GTEK has higher volatility (11.88%) compared to SKYY (7.23%). In terms of maximum drawdown, SKYY dropped -53.20% vs GTEK's -53.77%.

Which ETF is better, SKYY or GTEK?

On 3-year performance, GTEK leads with 29.44% vs 20.25% for SKYY. On fees, SKYY is cheaper at 0.60% per year. On volatility, SKYY has been the lower-risk option at 7.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKYY or GTEK?

Over the 3-year period, GTEK has performed better with a 29.44% return vs 20.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKYY or GTEK?

SKYY is cheaper with a 0.60% expense ratio, compared with 0.75% for GTEK.

Which ETF pays a higher dividend yield, SKYY or GTEK?

SKYY and GTEK have nearly identical dividend yields, around 0.00%.

What is the main difference between SKYY and GTEK?

They also come from different issuers: First Trust and Goldman Sachs. Their fees differ too: 0.60% for SKYY and 0.75% for GTEK.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (1.99 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.