SKYY vs. UGA
SKYY (First Trust ISE Cloud Computing Index Fund) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - SKYY is a Technology Equities fund tracking the ISE Cloud Computing Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 10 years, SKYY returned 16.18%/yr vs 14.31%/yr for UGA. At a 0.18 correlation, their price movements are largely independent. SKYY charges 0.60%/yr vs 0.75%/yr for UGA.
Performance
SKYY vs. UGA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SKYY achieves a -0.55% return, which is significantly lower than UGA's 64.09% return. Over the past 10 years, SKYY has outperformed UGA with an annualized return of 16.18%, while UGA has yielded a comparatively lower 14.31% annualized return.
SKYY
- 1D
- -0.14%
- 1M
- -2.76%
- YTD
- -0.55%
- 6M
- -2.25%
- 1Y
- 11.01%
- 3Y*
- 20.55%
- 5Y*
- 4.29%
- 10Y*
- 16.18%
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
SKYY vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | -0.55% | 9.20% | 35.87% | 52.18% | -44.68% | 10.62% | 57.77% | 25.25% | 6.01% | 33.47% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -28.07% | 1.69% |
Correlation
The correlation between SKYY and UGA is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2011 | 0.18 |
The correlation between SKYY and UGA shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SKYY vs. UGA — Risk / Return Rank
SKYY
UGA
SKYY vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.17 | -2.76 |
| Martin ratioReturn relative to average drawdown | 0.88 | 9.39 | -8.51 |
Loading charts...
Drawdowns
SKYY vs. UGA - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SKYY and UGA.
Loading charts...
Drawdown Indicators
| SKYY | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -86.59% | +33.39% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -18.96% | -8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -31.80% | -26.68% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -53.20% | -38.11% | -15.09% |
Max Drawdown (10Y)Largest decline over 10 years | -53.20% | -75.89% | +22.69% |
Current DrawdownCurrent decline from peak | -16.63% | -18.05% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -36.69% | +25.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 6.43% | +6.12% |
Volatility
SKYY vs. UGA - Volatility Comparison
First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 13.51% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SKYY | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 9.24% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 30.57% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.58% | 35.22% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.73% | 34.45% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 37.22% | -10.33% |
SKYY vs. UGA - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
SKYY vs. UGA - Dividend Comparison
Neither SKYY nor UGA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKYY and UGA have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYY has higher volatility (13.51%) compared to UGA (9.24%). In terms of maximum drawdown, SKYY dropped -53.20% vs UGA's -86.59%.
On 10-year performance, SKYY leads with 16.18% vs 14.31% for UGA. On fees, SKYY is cheaper at 0.60% per year. On volatility, UGA has been the lower-risk option at 9.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SKYY has performed better with a 16.18% return vs 14.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKYY is cheaper with a 0.60% expense ratio, compared with 0.75% for UGA.
SKYY and UGA have nearly identical dividend yields, around 0.00%.
SKYY is categorized as Technology Equities, while UGA is Oil & Gas. SKYY tracks ISE Cloud Computing Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: First Trust and Concierge Technologies. Their fees differ too: 0.60% for SKYY and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs 0.39), 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.
Find the right allocation for SKYY and UGA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer