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SKYY vs. QTEC
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SKYY vs. QTEC

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust ISE Cloud Computing Index Fund (SKYY) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC).

SKYY and QTEC 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. QTEC is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Technology Sector Index. It was launched on Apr 19, 2006. Both SKYY and QTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SKYY vs. QTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust ISE Cloud Computing Index Fund (SKYY) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). The values are adjusted to include any dividend payments, if applicable.

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SKYY vs. QTEC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SKYY
First Trust ISE Cloud Computing Index Fund		-15.18%9.20%35.87%52.18%-44.68%10.62%57.77%25.25%6.01%33.47%
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund		-4.83%22.28%7.32%67.02%-39.83%26.89%38.76%48.22%-4.62%37.78%

Returns By Period

In the year-to-date period, SKYY achieves a -15.18% return, which is significantly lower than QTEC's -4.83% return. Over the past 10 years, SKYY has underperformed QTEC with an annualized return of 14.33%, while QTEC has yielded a comparatively higher 18.13% annualized return.

SKYY

1D
0.89%
1M
-0.08%
YTD
-15.18%
6M
-17.96%
1Y
6.70%
3Y*
18.15%
5Y*
2.52%
10Y*
14.33%

QTEC

1D
1.44%
1M
-2.41%
YTD
-4.83%
6M
-5.34%
1Y
25.47%
3Y*
18.89%
5Y*
8.19%
10Y*
18.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust ISE Cloud Computing Index Fund

First Trust NASDAQ-100 Technology Sector Index Fund

Often compared with SKYY:
SKYY vs. WCLDSKYY vs. CLOUSKYY vs. FCLDSKYY vs. CIBRSKYY vs. QQQSKYY vs. IVESSKYY vs. VOO
Often compared with QTEC:
QTEC vs. QQQQTEC vs. QQQMQTEC vs. VGTQTEC vs. QQXTQTEC vs. RSPTQTEC vs. ftecQTEC vs. VOO

SKYY vs. QTEC - Expense Ratio Comparison

SKYY has a 0.60% expense ratio, which is higher than QTEC's 0.57% expense ratio.

SKYY
First Trust ISE Cloud Computing Index Fund
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund

Return for Risk

SKYY vs. QTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKYY
SKYY Risk / Return Rank: 1818
Overall Rank
SKYY Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
SKYY Sortino Ratio Rank: 1919
Sortino Ratio Rank
SKYY Omega Ratio Rank: 1818
Omega Ratio Rank
SKYY Calmar Ratio Rank: 1818
Calmar Ratio Rank
SKYY Martin Ratio Rank: 1717
Martin Ratio Rank
QTEC
QTEC Risk / Return Rank: 5151
Overall Rank
QTEC Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QTEC Sortino Ratio Rank: 5151
Sortino Ratio Rank
QTEC Omega Ratio Rank: 4949
Omega Ratio Rank
QTEC Calmar Ratio Rank: 6161
Calmar Ratio Rank
QTEC Martin Ratio Rank: 5050
Martin Ratio Rank
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. QTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.

SKYYQTECDifference

Sharpe ratio

Return per unit of total volatility

0.23

0.87

-0.64

Sortino ratio

Return per unit of downside risk

0.53

1.41

-0.88

Omega ratio

Gain probability vs. loss probability

1.07

1.19

-0.13

Calmar ratio

Return relative to maximum drawdown

0.30

1.64

-1.34

Martin ratio

Return relative to average drawdown

0.74

5.03

-4.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKYY vs. QTEC - Sharpe Ratio Comparison

The current SKYY Sharpe Ratio is 0.23, which is lower than the QTEC Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SKYY and QTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SKYYQTECDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

0.87

-0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.08

0.28

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.66

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.52

-0.01

Correlation

The correlation between SKYY and QTEC is 0.86, 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.

Dividends

SKYY vs. QTEC - Dividend Comparison

Neither SKYY nor QTEC has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
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%
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund		0.00%0.00%0.02%0.14%0.15%0.02%0.44%0.68%0.91%0.80%1.29%0.99%

Drawdowns

SKYY vs. QTEC - Drawdown Comparison

The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for SKYY and QTEC.

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Drawdown Indicators

SKYYQTECDifference

Max Drawdown

Largest peak-to-trough decline

-53.20%

-58.86%

+5.66%

Max Drawdown (1Y)

Largest decline over 1 year

-26.68%

-16.03%

-10.65%

Max Drawdown (5Y)

Largest decline over 5 years

-53.20%

-45.54%

-7.66%

Max Drawdown (10Y)

Largest decline over 10 years

-53.20%

-45.54%

-7.66%

Current Drawdown

Current decline from peak

-23.09%

-11.14%

-11.95%

Average Drawdown

Average peak-to-trough decline

-10.87%

-9.96%

-0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.69%

5.22%

+5.47%

Volatility

SKYY vs. QTEC - Volatility Comparison

The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 7.95%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 8.48%. This indicates that SKYY experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SKYYQTECDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.95%

8.48%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

19.11%

18.22%

+0.89%

Volatility (1Y)

Calculated over the trailing 1-year period

29.65%

29.51%

+0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.84%

29.04%

+0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.39%

27.35%

-0.96%