SKYY vs. XDAT

Last updated Jun 4, 2026

SKYY (First Trust ISE Cloud Computing Index Fund) and XDAT (Franklin Exponential Data ETF) are both Technology Equities funds. SKYY is passively managed, while XDAT is actively managed. Over the past 5 years, SKYY returned 8.47%/yr vs 1.26%/yr for XDAT. Their correlation of 0.93 suggests significant overlap in exposure. SKYY charges 0.60%/yr vs 0.50%/yr for XDAT.

Performance

SKYY vs. XDAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust ISE Cloud Computing Index Fund (SKYY) and Franklin Exponential Data ETF (XDAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKYY achieves a 13.58% return, which is significantly higher than XDAT's 0.92% return.

SKYY

• 1D: -3.49%
• 1M: 16.66%
• YTD: 13.58%
• 6M: 12.79%
• 1Y: 26.22%
• 3Y*: 25.41%
• 5Y*: 8.47%
• 10Y*: 17.20%

XDAT

• 1D: -3.31%
• 1M: 10.82%
• YTD: 0.92%
• 6M: -1.59%
• 1Y: -1.19%
• 3Y*: 12.16%
• 5Y*: 1.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKYY vs. XDAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SKYY First Trust ISE Cloud Computing Index Fund	13.58%	9.20%	35.87%	52.18%	-44.68%	7.68%
XDAT Franklin Exponential Data ETF	0.92%	1.87%	16.54%	45.77%	-45.71%	10.86%

Correlation

The correlation between SKYY and XDAT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021	0.93

The correlation between SKYY and XDAT has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SKYY vs. XDAT - Sectors Allocation Comparison

Sectors	SKYY	XDAT
Technology	88.9%	53.3%
Communication Services	4.8%	35.1%
Consumer Cyclical	1.6%	1.3%
Healthcare	1.6%	2.6%
Industrials	1.6%	0.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.1%
Real Estate	-	5.7%
Utilities	-	-

Return for Risk

SKYY vs. XDAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKYY

SKYY Risk / Return Rank: 24
SKYY Sharpe Ratio Rank: 26
SKYY Sortino Ratio Rank: 26
SKYY Omega Ratio Rank: 26
SKYY Calmar Ratio Rank: 21
SKYY Martin Ratio Rank: 19

XDAT

XDAT Risk / Return Rank: 8
XDAT Sharpe Ratio Rank: 8
XDAT Sortino Ratio Rank: 8
XDAT Omega Ratio Rank: 8
XDAT Calmar Ratio Rank: 8
XDAT Martin Ratio Rank: 8

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. XDAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and Franklin Exponential Data ETF (XDAT). 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.

	SKYY	XDAT	Difference
Sharpe ratio: Return per unit of total volatility	0.95	-0.05	+1.00
Sortino ratio: Return per unit of downside risk	1.48	0.09	+1.38
Omega ratio: Gain probability vs. loss probability	1.18	1.01	+0.17
Calmar ratio: Return relative to maximum drawdown	0.96	-0.04	+1.00
Martin ratio: Return relative to average drawdown	2.16	-0.09	+2.24
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. XDAT - Sharpe Ratio Comparison

The current SKYY Sharpe Ratio is 0.95, which is higher than the XDAT Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of SKYY and XDAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKYY	XDAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	-0.05	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.04	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.03	+0.55

Drawdowns

SKYY vs. XDAT - Drawdown Comparison

The maximum SKYY drawdown since its inception was -53.20%, roughly equal to the maximum XDAT drawdown of -54.87%. Use the drawdown chart below to compare losses from any high point for SKYY and XDAT.

Drawdown Indicators

	SKYY	XDAT	Difference
Max Drawdown Largest peak-to-trough decline	-53.20%	-54.87%	+1.67%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-29.56%	+2.17%
Max Drawdown (3Y) Largest decline over 3 years	-31.80%	-29.56%	-2.24%
Max Drawdown (5Y) Largest decline over 5 years	-53.20%	-54.87%	+1.67%
Max Drawdown (10Y) Largest decline over 10 years	-53.20%	—	—
Current Drawdown Current decline from peak	-4.79%	-15.57%	+10.78%
Average Drawdown Average peak-to-trough decline	-10.90%	-25.91%	+15.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.20%	13.78%	-1.58%

Volatility

SKYY vs. XDAT - Volatility Comparison

First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 11.77% compared to Franklin Exponential Data ETF (XDAT) at 8.56%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than XDAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKYY	XDAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.77%	8.56%	+3.21%
Volatility (6M) Calculated over the trailing 6-month period	23.23%	19.27%	+3.96%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	23.56%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.58%	29.45%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	29.43%	-2.58%

SKYY vs. XDAT - Expense Ratio Comparison

SKYY has a 0.60% expense ratio, which is higher than XDAT's 0.50% expense ratio.

Dividends

SKYY vs. XDAT - Dividend Comparison

Neither SKYY nor XDAT 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%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SKYY and XDAT in my portfolio?

With a correlation of 0.91, SKYY and XDAT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SKYY or XDAT?

SKYY has higher volatility (11.77%) compared to XDAT (8.56%). In terms of maximum drawdown, SKYY dropped -53.20% vs XDAT's -54.87%.

Which ETF is better, SKYY or XDAT?

On 5-year performance, SKYY leads with 8.47% vs 1.26% for XDAT. On fees, XDAT is cheaper at 0.50% per year. On volatility, XDAT has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKYY or XDAT?

Over the 5-year period, SKYY has performed better with a 8.47% return vs 1.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKYY or XDAT?

XDAT is cheaper with a 0.50% expense ratio, compared with 0.60% for SKYY.

Which ETF pays a higher dividend yield, SKYY or XDAT?

SKYY and XDAT have nearly identical dividend yields, around 0.00%.

What is the main difference between SKYY and XDAT?

They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.60% for SKYY and 0.50% for XDAT.

Which has better risk-adjusted returns?

SKYY currently has the higher Sharpe Ratio (0.95 vs -0.05), 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.