SKYY vs. WCLD
Compare and contrast key facts about First Trust ISE Cloud Computing Index Fund (SKYY) and WisdomTree Cloud Computing Fund (WCLD).
SKYY and WCLD 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. WCLD is a passively managed fund by WisdomTree that tracks the performance of the BVP Nasdaq Emerging Cloud Index. It was launched on Sep 6, 2019. Both SKYY and WCLD 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 WCLD.
Performance
SKYY vs. WCLD - Performance Comparison
Returns By Period
In the year-to-date period, SKYY achieves a 37.95% return, which is significantly higher than WCLD's 10.59% return.
SKYY
37.95%
14.67%
27.22%
50.78%
15.35%
16.13%
WCLD
10.59%
17.05%
19.51%
27.20%
8.36%
N/A
Key characteristics
| SKYY | WCLD | |
|---|---|---|
| Sharpe Ratio | 2.41 | 1.17 |
| Sortino Ratio | 3.01 | 1.66 |
| Omega Ratio | 1.41 | 1.21 |
| Calmar Ratio | 1.59 | 0.50 |
| Martin Ratio | 15.44 | 2.39 |
| Ulcer Index | 3.34% | 11.64% |
| Daily Std Dev | 21.41% | 23.80% |
| Max Drawdown | -53.20% | -64.90% |
| Current Drawdown | 0.00% | -40.84% |
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SKYY vs. WCLD - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is higher than WCLD's 0.45% expense ratio.
Correlation
The correlation between SKYY and WCLD is 0.93, 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.
Risk-Adjusted Performance
SKYY vs. WCLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and WisdomTree Cloud Computing Fund (WCLD). 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. WCLD - Dividend Comparison
Neither SKYY nor WCLD has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WCLD WisdomTree Cloud Computing Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SKYY vs. WCLD - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum WCLD drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for SKYY and WCLD. For additional features, visit the drawdowns tool.
Volatility
SKYY vs. WCLD - Volatility Comparison
The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 7.21%, while WisdomTree Cloud Computing Fund (WCLD) has a volatility of 7.59%. This indicates that SKYY experiences smaller price fluctuations and is considered to be less risky than WCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.