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.
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.
Performance
SKYY vs. WCLD - Performance Comparison
Key characteristics
SKYY:
0.10
WCLD:
-0.34
SKYY:
0.30
WCLD:
-0.30
SKYY:
1.04
WCLD:
0.96
SKYY:
0.09
WCLD:
-0.16
SKYY:
0.37
WCLD:
-0.98
SKYY:
6.85%
WCLD:
9.24%
SKYY:
25.63%
WCLD:
26.68%
SKYY:
-53.20%
WCLD:
-64.90%
SKYY:
-26.21%
WCLD:
-52.90%
Returns By Period
The year-to-date returns for both investments are quite close, with SKYY having a -18.74% return and WCLD slightly higher at -17.99%.
SKYY
-18.74%
-15.42%
-3.91%
1.68%
13.90%
13.09%
WCLD
-17.99%
-13.35%
-1.38%
-9.02%
6.90%
N/A
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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.
Risk-Adjusted Performance
SKYY vs. WCLD — Risk-Adjusted Performance Rank
SKYY
WCLD
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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 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% | 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
First Trust ISE Cloud Computing Index Fund (SKYY) and WisdomTree Cloud Computing Fund (WCLD) have volatilities of 13.31% and 13.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.