SKYY
First Trust Cloud Computing ETF
First Trust ISE Cloud Computing Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the ISE Cloud Computing Index.
US
EQUITY
Passive
MANAGEMENT STYLE
60 bp
EXPENSES
$17.5 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 06, 2011 |
| Assets (mns) | $17,461 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ATLASSIAN CORP. CLASS A | 12.1 % |
| ORACLE CORP | 4.6 % |
| ARISTA NETWORKS, INC. | 4.3 % |
| INTL BUSINESS MACHINES CORP | 4.1 % |
| ALPHABET INC. CLASS A | 4.1 % |
| MICROSOFT CORP | 4.0 % |
| AMAZON.COM INC | 4.0 % |
| PURE STORAGE, INC. CLASS A | 3.8 % |
| NUTANIX, INC. CLASS A | 3.3 % |
| MONGODB, INC. CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 381 |
| Herfindahl-Hirschman Index | 473 |
| Wgt avg mkt cap (mns) | $390,381 |
| Large cap (>$10bn) | 76.3% |
| Mid cap ($2-10bn) | 20.8% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.6 % |
 |
AUSTRALIA | 12.1 % |
 |
CANADA | 2.6 % |
 |
GERMANY | 1.4 % |
 |
ISRAEL | 1.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.0% | 24.7% | 19.9% | -3.4% | 10.7% | 13.7% | 13.7% | Volatility | 21.9% | 21.5% | 30.7% | 31.4% | 30.6% | 24.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 66% |
| MSCI EAFE | 0.83 | 34% |
| MSCI Emg Mkts | 0.70 | 24% |
Liquidity Measures
| Avg. volume (000) | 134 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $60,924 |
Technical Indicators
| Recent close | $93.22 |
| 30d moving avg. | $95.36 |
| Annualized volatility | 25.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 5.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SKYY |
Expenses vs. SKYY |
ALTAR Score™ vs. SKYY |
|---|---|---|---|---|
| FDN | First Trust Dow Jones Internet Index Fund | 39.8% | -8 bp | -1.2% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 39.7% | +15 bp | -1.3% |
| WFH | Direxion Work From Home ETF | 39.5% | -15 bp | +3.0% |
| FCLD | Fidelity Cloud Computing ETF | 38.0% | -21 bp | -0.2% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 35.1% | -12 bp | -3.0% |
| CLOD | Themes Cloud Computing ETF | 35.0% | -25 bp | +0.2% |
| WCLD | WisdomTree Cloud Computing Fund | 34.5% | -15 bp | -1.9% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 29.5% | +8 bp | +0.5% |
| XDAT | Franklin Exponential Data ETF | 28.7% | -10 bp | -0.5% |
| IETC | iShares U.S. Tech Independence Focused ETF | 28.4% | -42 bp | +1.1% |
Risk and Returns: SKYY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SKYY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SKYY
3.6%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SKYY's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places SKYY in the 19th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SKYY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SKYY (60 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SKYY | 60.0 | 5.7 | 65.7 |
| Peer Avg. | 29.8 | 6.8 | 36.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .