SKYY vs. LAES
SKYY (First Trust ISE Cloud Computing Index Fund) is Technology Equities fund tracking the ISE Cloud Computing Index, while LAES (SEALSQ Corp) is a stock. Over the past 3 years, SKYY returned 20.38%/yr vs -33.31%/yr for LAES. At a 0.28 correlation, their price movements are largely independent.
Performance
SKYY vs. LAES - Performance Comparison
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Returns By Period
In the year-to-date period, SKYY achieves a 3.03% return, which is significantly higher than LAES's -17.99% return.
SKYY
- 1D
- 0.18%
- 1M
- 6.69%
- YTD
- 3.03%
- 6M
- 1.79%
- 1Y
- 13.95%
- 3Y*
- 20.38%
- 5Y*
- 5.69%
- 10Y*
- 16.26%
LAES
- 1D
- -3.13%
- 1M
- 4.73%
- YTD
- -17.99%
- 6M
- -26.89%
- 1Y
- -27.06%
- 3Y*
- -33.31%
- 5Y*
- —
- 10Y*
- —
SKYY vs. LAES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 3.03% | 9.20% | 35.87% | 28.85% |
LAES SEALSQ Corp | -17.99% | -38.54% | 380.47% | -92.82% |
Correlation
The correlation between SKYY and LAES is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.28 |
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Return for Risk
SKYY vs. LAES — Risk / Return Rank
SKYY
LAES
SKYY vs. LAES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and SEALSQ Corp (LAES). 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 | LAES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.37 | +0.89 |
| Martin ratioReturn relative to average drawdown | 1.13 | -0.62 | +1.76 |
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Drawdowns
SKYY vs. LAES - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum LAES drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for SKYY and LAES.
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Drawdown Indicators
| SKYY | LAES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -98.44% | +45.24% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -72.68% | +45.29% |
Max Drawdown (3Y)Largest decline over 3 years | -31.80% | -98.07% | +66.27% |
Max Drawdown (5Y)Largest decline over 5 years | -53.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.20% | — | — |
Current DrawdownCurrent decline from peak | -13.63% | -85.89% | +72.26% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -84.60% | +73.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.34% | 43.58% | -31.24% |
Volatility
SKYY vs. LAES - Volatility Comparison
The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 13.09%, while SEALSQ Corp (LAES) has a volatility of 28.38%. This indicates that SKYY experiences smaller price fluctuations and is considered to be less risky than LAES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYY | LAES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 28.38% | -15.29% |
Volatility (6M)Calculated over the trailing 6-month period | 23.88% | 66.23% | -42.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.45% | 109.13% | -80.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.67% | 170.29% | -139.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.90% | 170.29% | -143.39% |
Dividends
SKYY vs. LAES - Dividend Comparison
Neither SKYY nor LAES has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAES SEALSQ Corp | 0.00% | 0.00% | 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
SKYY and LAES have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAES has higher volatility (28.38%) compared to SKYY (13.09%). In terms of maximum drawdown, SKYY dropped -53.20% vs LAES's -98.44%.
SKYY currently has the higher Sharpe Ratio (0.49 vs -0.25), 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.
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