First Trust Cloud Computing ETF
SKYY ThematicUpdated: Jul 4, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| DigitalOcean Holdings Inc | DOCN | 5.29% | |
| Oracle Corp | ORCL | 4.36% | |
| Dell Technologies Inc Ordinary Shares - Class C | DELL | 3.99% | |
| Nutanix Inc Class A | NTNX | 3.82% | |
| Amazon.com Inc | AMZN | 3.62% | |
| Lumen Technologies Inc Ordinary Shares | LUMN | 3.62% | |
| International Business Machines Corp | IBM | 3.48% | |
| Everpure Inc Class A | P | 3.48% | |
| Alphabet Inc Class A | GOOGL | 3.43% | |
| Arista Networks Inc | ANET | 3.36% |
Sector Allocation
About This ETF
The First Trust Cloud Computing ETF (SKYY) is a Thematic ETF with an expense ratio (TER) of 0.6% and $3.1B in assets under management., with its largest holdings being DigitalOcean Holdings Inc, Oracle Corp, Dell Technologies Inc Ordinary Shares - Class C. Year-to-date, SKYY has returned +5.55%.
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.
FAQ — SKYY
What is the TER of SKYY (First Trust Cloud Computing ETF)?
SKYY has a Total Expense Ratio (TER) of 0.60 % per year. That sits below the thematic category median (0.68 % across 15 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has SKYY delivered?
Performance for SKYY: YTD: +5.55 % · 3-year p.a.: +21.10 % · 5-year p.a.: +5.06 %. Over 5 years, SKYY outperforms the thematic category median of +1.69 % by +3.37 pp. Past performance is no guarantee of future returns.
What are the top holdings of SKYY?
The five largest positions in SKYY are: DOCN, ORCL, DELL, NTNX, AMZN. The full holdings list is updated daily on this page.
Where can I buy or set up a savings plan for SKYY?
SKYY is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
First Trust Cloud Computing ETF (SKYY) at a Glance
The First Trust Cloud Computing ETF (SKYY) is a thematic fund that targets companies across the cloud computing industry — spanning infrastructure and data centres, SaaS providers and platform services. According to its mandate, the fund normally invests at least 90% of net assets in index constituents. With roughly $2.4B in assets and an expense ratio of 0.60%, it concentrates a narrow growth theme. Its largest positions include Arista Networks, Amazon, Alphabet and Oracle.
SKYY Performance
The fund trades near $135.01, about 2.04% above its previous close. Over the past twelve months it ranged between $103.76 and $143.74; with a 52-week position of 78.2%, it sits closer to the upper end of that band. Year to date it is up 5.67%. Across three years the return stands at 23.1%, while the five-year figure is 6.35%. These markedly different windows illustrate the swings typical of thematic growth funds. The fund reports no dividend yield (0.0%), so returns stem solely from price movement. Past performance is no guarantee of future results, and short windows can mislead.
SKYY Risk Profile
SKYY is highly concentrated: around 85.11% of the portfolio sits in technology and a further 10.08% in communication services. Bundling a single growth theme means greater volatility than a broad index.
- Theme concentration: cloud, SaaS and infrastructure dominate, so an industry-wide setback hits the fund directly.
- Rate sensitivity: growth stocks react sharply to rising interest rates, as future earnings are discounted more heavily.
- Currency risk: the fund is priced in USD, creating exchange-rate exposure for euro-based investors.
- Valuation risk: elevated valuations can amplify drawdowns.
Who SKYY May Suit
The fund is aimed at investors who want focused exposure to the cloud computing growth theme and bring a long time horizon. Anyone considering SKYY should be able to tolerate interim drawdowns and consciously accept its pronounced technology tilt.
- Suited as a satellite holding alongside a broadly diversified core rather than as a sole foundation.
- Relevant for investors with conviction in the long-term importance of cloud infrastructure and SaaS.
- The absence of a dividend (0.0%) makes it less attractive for income-focused investors.
- Less appropriate for safety-oriented investors with a short horizon.
This is general educational information, not investment advice.
SKYY Versus Other Funds
Within the thematic space, SKYY competes with other cloud and software funds as well as broader technology products.
- WisdomTree Cloud Computing (WCLD): tilted more toward pure SaaS growth names, often making it more volatile.
- Global X Cloud Computing (CLOU): also a cloud theme, with a different weighting methodology.
- Technology Select Sector SPDR (XLK) and Vanguard Information Technology (VGT): broad technology funds covering the full sector rather than a narrow cloud slice.
At 0.60%, SKYY carries a higher expense ratio than typical broad sector ETFs. Comparing focus, diversification and cost is sensible.
Where can I buy SKYY?
Compare the best brokers for ETF savings plans — low fees, trusted providers, fully regulated.