SPYK.DE vs. SKYE.DE

Last updated Jun 5, 2026

SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) are both Technology Equities funds - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while SKYE.DE tracks the ISE Cloud Computing. Both are passively managed. Over the past 5 years, SPYK.DE returned 15.13%/yr vs 9.62%/yr for SKYE.DE. A 0.66 correlation means they provide meaningful diversification when combined. SPYK.DE charges 0.18%/yr vs 0.60%/yr for SKYE.DE.

Performance

SPYK.DE vs. SKYE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and First Trust Cloud Computing UCITS ETF Acc (SKYE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than SKYE.DE's 14.41% return.

SPYK.DE

• 1D: 0.27%
• 1M: 17.71%
• YTD: 50.09%
• 6M: 47.48%
• 1Y: 59.52%
• 3Y*: 24.74%
• 5Y*: 15.13%
• 10Y*: 16.39%

SKYE.DE

• 1D: 0.22%
• 1M: 17.87%
• YTD: 14.41%
• 6M: 12.76%
• 1Y: 22.89%
• 3Y*: 22.28%
• 5Y*: 9.62%
• 10Y*: —

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

SPYK.DE vs. SKYE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPYK.DE SPDR MSCI Europe Technology UCITS ETF	50.09%	10.46%	8.46%	35.03%	-28.76%	36.64%	7.61%
SKYE.DE First Trust Cloud Computing UCITS ETF Acc	14.41%	-3.03%	43.91%	50.20%	-42.23%	19.10%	13.26%

Correlation

The correlation between SPYK.DE and SKYE.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020	0.66

The correlation between SPYK.DE and SKYE.DE shifts across timeframes, from 0.52 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPYK.DE vs. SKYE.DE — Risk / Return Rank

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

SPYK.DE

SPYK.DE Risk / Return Rank: 71
SPYK.DE Sharpe Ratio Rank: 72
SPYK.DE Sortino Ratio Rank: 70
SPYK.DE Omega Ratio Rank: 63
SPYK.DE Calmar Ratio Rank: 85
SPYK.DE Martin Ratio Rank: 67

SKYE.DE

SKYE.DE Risk / Return Rank: 23
SKYE.DE Sharpe Ratio Rank: 25
SKYE.DE Sortino Ratio Rank: 26
SKYE.DE Omega Ratio Rank: 27
SKYE.DE Calmar Ratio Rank: 21
SKYE.DE Martin Ratio Rank: 18

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.

SPYK.DE vs. SKYE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and First Trust Cloud Computing UCITS ETF Acc (SKYE.DE). 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.

	SPYK.DE	SKYE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.86	+1.45
Sortino ratio: Return per unit of downside risk	3.15	1.35	+1.80
Omega ratio: Gain probability vs. loss probability	1.38	1.18	+0.20
Calmar ratio: Return relative to maximum drawdown	4.59	0.88	+3.71
Martin ratio: Return relative to average drawdown	12.19	1.93	+10.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYK.DE vs. SKYE.DE - Sharpe Ratio Comparison

The current SPYK.DE Sharpe Ratio is 2.30, which is higher than the SKYE.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of SPYK.DE and SKYE.DE, 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

	SPYK.DE	SKYE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	0.86	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.33	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.41	+0.22

Drawdowns

SPYK.DE vs. SKYE.DE - Drawdown Comparison

The maximum SPYK.DE drawdown since its inception was -38.45%, smaller than the maximum SKYE.DE drawdown of -49.90%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and SKYE.DE.

Drawdown Indicators

	SPYK.DE	SKYE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-49.90%	+11.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-28.05%	+15.06%
Max Drawdown (3Y) Largest decline over 3 years	-27.02%	-36.53%	+9.51%
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	-49.90%	+11.45%
Max Drawdown (10Y) Largest decline over 10 years	-38.45%	—	—
Current Drawdown Current decline from peak	-0.09%	-2.57%	+2.48%
Average Drawdown Average peak-to-trough decline	-8.36%	-19.98%	+11.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	12.77%	-7.87%

Volatility

SPYK.DE vs. SKYE.DE - Volatility Comparison

The current volatility for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) is 10.31%, while First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a volatility of 11.20%. This indicates that SPYK.DE experiences smaller price fluctuations and is considered to be less risky than SKYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYK.DE	SKYE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	11.20%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	20.95%	23.89%	-2.94%
Volatility (1Y) Calculated over the trailing 1-year period	25.88%	28.78%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.86%	28.94%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.18%	28.39%	-4.21%

SPYK.DE vs. SKYE.DE - Expense Ratio Comparison

SPYK.DE has a 0.18% expense ratio, which is lower than SKYE.DE's 0.60% expense ratio.

Dividends

SPYK.DE vs. SKYE.DE - Dividend Comparison

Neither SPYK.DE nor SKYE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYK.DE and SKYE.DE in my portfolio?

SPYK.DE and SKYE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYK.DE or SKYE.DE?

On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYK.DE or SKYE.DE?

SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for SKYE.DE.

What is the main difference between SPYK.DE and SKYE.DE?

SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while SKYE.DE tracks ISE Cloud Computing. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.18% for SPYK.DE and 0.60% for SKYE.DE.