SKYY vs. QQQ
Compare and contrast key facts about First Trust ISE Cloud Computing Index Fund (SKYY) and Invesco QQQ (QQQ).
SKYY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SKYY and QQQ 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 QQQ.
Key characteristics
| SKYY | QQQ | |
|---|---|---|
| YTD Return | 36.04% | 26.02% |
| 1Y Return | 54.80% | 36.73% |
| 3Y Return (Ann) | 0.30% | 9.97% |
| 5Y Return (Ann) | 15.55% | 21.44% |
| 10Y Return (Ann) | 15.93% | 18.42% |
| Sharpe Ratio | 2.69 | 2.28 |
| Sortino Ratio | 3.33 | 2.98 |
| Omega Ratio | 1.45 | 1.41 |
| Calmar Ratio | 1.64 | 2.94 |
| Martin Ratio | 17.44 | 10.71 |
| Ulcer Index | 3.32% | 3.72% |
| Daily Std Dev | 21.48% | 17.35% |
| Max Drawdown | -53.20% | -82.98% |
| Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between SKYY and QQQ is 0.85, 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.
Performance
SKYY vs. QQQ - Performance Comparison
In the year-to-date period, SKYY achieves a 36.04% return, which is significantly higher than QQQ's 26.02% return. Over the past 10 years, SKYY has underperformed QQQ with an annualized return of 15.93%, while QQQ has yielded a comparatively higher 18.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SKYY vs. QQQ - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SKYY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
SKYY has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SKYY vs. QQQ - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SKYY and QQQ. For additional features, visit the drawdowns tool.
Volatility
SKYY vs. QQQ - Volatility Comparison
First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 6.54% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.