SKYY vs. GXPT

Last updated Jun 25, 2026

SKYY (First Trust ISE Cloud Computing Index Fund) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - SKYY tracks the ISE Cloud Computing Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. SKYY charges 0.60%/yr vs 0.15%/yr for GXPT.

Performance

SKYY vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust ISE Cloud Computing Index Fund (SKYY) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKYY achieves a -0.77% return, which is significantly lower than GXPT's 16.02% return.

SKYY

• 1D: -0.22%
• 1M: -2.97%
• YTD: -0.77%
• 6M: -2.30%
• 1Y: 8.58%
• 3Y*: 20.46%
• 5Y*: 4.18%
• 10Y*: 16.15%

GXPT

• 1D: -0.72%
• 1M: -1.67%
• YTD: 16.02%
• 6M: 14.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SKYY vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
SKYY First Trust ISE Cloud Computing Index Fund	-0.77%	5.87%
GXPT Global X PureCap MSCI Information Technology ETF	16.02%	11.47%

Correlation

The correlation between SKYY and GXPT is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.68

Return for Risk

SKYY vs. GXPT — Risk / Return Rank

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

SKYY

SKYY Risk / Return Rank: 13
SKYY Sharpe Ratio Rank: 13
SKYY Sortino Ratio Rank: 14
SKYY Omega Ratio Rank: 13
SKYY Calmar Ratio Rank: 12
SKYY Martin Ratio Rank: 12

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.63	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.31	—	—
Martin ratio: Return relative to average drawdown	0.68	—	—

Drawdowns

SKYY vs. GXPT - Drawdown Comparison

The maximum SKYY drawdown since its inception was -53.20%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for SKYY and GXPT.

Drawdown Indicators

	SKYY	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-53.20%	-18.74%	-34.46%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.80%	—	—
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	-16.81%	-9.37%	-7.44%
Average Drawdown Average peak-to-trough decline	-10.90%	-5.06%	-5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.59%	—	—

Volatility

Volatility by Period

	SKYY	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.54%	22.88%	+5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	22.88%	+7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	22.88%	+4.00%

SKYY vs. GXPT - Expense Ratio Comparison

SKYY has a 0.60% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

SKYY vs. GXPT - Dividend Comparison

SKYY has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%	0.00%	0.00%	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 GXPT in my portfolio?

SKYY and GXPT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SKYY or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SKYY or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.60% for SKYY.

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

GXPT has the higher dividend yield at 0.12%, compared with 0.00% for SKYY.

What is the main difference between SKYY and GXPT?

SKYY tracks ISE Cloud Computing Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.60% for SKYY and 0.15% for GXPT.