SMOG vs. SKYY
Compare and contrast key facts about VanEck Vectors Low Carbon Energy ETF (SMOG) and First Trust ISE Cloud Computing Index Fund (SKYY).
SMOG and SKYY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOG is a passively managed fund by VanEck that tracks the performance of the Ardour Global Index. It was launched on May 3, 2007. 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. Both SMOG and SKYY 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: SMOG or SKYY.
Key characteristics
| SMOG | SKYY | |
|---|---|---|
| YTD Return | -7.68% | 34.23% |
| 1Y Return | 7.11% | 55.85% |
| 3Y Return (Ann) | -15.14% | -0.22% |
| 5Y Return (Ann) | 9.10% | 15.32% |
| 10Y Return (Ann) | 6.87% | 15.91% |
| Sharpe Ratio | 0.23 | 2.47 |
| Sortino Ratio | 0.48 | 3.10 |
| Omega Ratio | 1.06 | 1.42 |
| Calmar Ratio | 0.10 | 1.47 |
| Martin Ratio | 0.53 | 16.04 |
| Ulcer Index | 9.56% | 3.32% |
| Daily Std Dev | 22.18% | 21.57% |
| Max Drawdown | -84.39% | -53.20% |
| Current Drawdown | -44.82% | -0.78% |
Correlation
The correlation between SMOG and SKYY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SMOG vs. SKYY - Performance Comparison
In the year-to-date period, SMOG achieves a -7.68% return, which is significantly lower than SKYY's 34.23% return. Over the past 10 years, SMOG has underperformed SKYY with an annualized return of 6.87%, while SKYY has yielded a comparatively higher 15.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMOG vs. SKYY - Expense Ratio Comparison
SMOG has a 0.63% expense ratio, which is higher than SKYY's 0.60% expense ratio.
Risk-Adjusted Performance
SMOG vs. SKYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Low Carbon Energy ETF (SMOG) and First Trust ISE Cloud Computing Index Fund (SKYY). 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
SMOG vs. SKYY - Dividend Comparison
SMOG's dividend yield for the trailing twelve months is around 1.72%, while SKYY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Vectors Low Carbon Energy ETF | 1.72% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% | 0.21% | 0.99% |
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% | 0.00% |
Drawdowns
SMOG vs. SKYY - Drawdown Comparison
The maximum SMOG drawdown since its inception was -84.39%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for SMOG and SKYY. For additional features, visit the drawdowns tool.
Volatility
SMOG vs. SKYY - Volatility Comparison
VanEck Vectors Low Carbon Energy ETF (SMOG) has a higher volatility of 7.60% compared to First Trust ISE Cloud Computing Index Fund (SKYY) at 6.49%. This indicates that SMOG's price experiences larger fluctuations and is considered to be riskier than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.