XDAT vs. SKYY

Last updated Jun 4, 2026

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

Performance

XDAT vs. SKYY - Performance Comparison

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

Returns By Period

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

XDAT

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

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%

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

XDAT vs. SKYY - Yearly Performance Comparison

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

Correlation

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

XDAT vs. SKYY - Sectors Allocation Comparison

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

Return for Risk

XDAT vs. SKYY — Risk / Return Rank

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

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

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

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.

XDAT vs. SKYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

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

XDAT vs. SKYY - Sharpe Ratio Comparison

The current XDAT Sharpe Ratio is -0.05, which is lower than the SKYY Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of XDAT and SKYY, 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

	XDAT	SKYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.95	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.28	-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	0.03	0.58	-0.55

Drawdowns

XDAT vs. SKYY - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

XDAT vs. SKYY - Volatility Comparison

The current volatility for Franklin Exponential Data ETF (XDAT) is 8.56%, while First Trust ISE Cloud Computing Index Fund (SKYY) has a volatility of 11.77%. This indicates that XDAT experiences smaller price fluctuations and is considered to be less risky than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

XDAT vs. SKYY - Expense Ratio Comparison

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

Dividends

XDAT vs. SKYY - Dividend Comparison

Neither XDAT nor SKYY 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 XDAT and SKYY in my portfolio?

With a correlation of 0.91, XDAT and SKYY 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, XDAT or SKYY?

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

Which ETF is better, XDAT or SKYY?

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, XDAT or SKYY?

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, XDAT or SKYY?

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

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

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

What is the main difference between XDAT and SKYY?

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

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.