Find Comparable ETFs for First Trust Cloud Computing ETF
First Trust Cloud Computing ETF
SKYY - NGMSPDR S&P Software & Services ETF
XSW - PCXThe First Trust Cloud Computing ETF emphasizes cloud computing companies, which are integral to the software and services industry, similar to the focus of XSW.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 91%
R-squared: 83%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 7
- SKYY in XSW's comparables: Yes
- XSW in SKYY's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- SKYY Beta: 1.06 (Average)
- XSW Beta: 1.13 (Average)
- SKYY 200-day Volatility: 19.59%
- XSW 200-day Volatility: 19.13%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- SKYY Price vs 200-day MA: 108%
- XSW Price vs 200-day MA: 103%
Performance Comparison:
| Period | SKYY | XSW |
|---|---|---|
| Year_1 | 15% | 8% |
| Year_3 | -5% | -5% |
| Year_5 | 9% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Technology Equities vs Technology Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- SKYY Dividend Yield: 0%
- XSW Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
iShares Cybersecurity and Tech ETF
IHAK - PCXWith a focus on cloud computing and technology infrastructure, SKYY overlaps with IHAK in terms of tech exposure, particularly in security solutions.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 80%
R-squared: 64%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- IHAK in SKYY's comparables: No
- SKYY in IHAK's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- IHAK Beta: 0.82 (Low)
- SKYY Beta: 1.06 (Average)
- IHAK 200-day Volatility: 15.88%
- SKYY 200-day Volatility: 19.59%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- IHAK Price vs 200-day MA: 103%
- SKYY Price vs 200-day MA: 108%
Performance Comparison:
| Period | IHAK | SKYY |
|---|---|---|
| Year_1 | 16% | 15% |
| Year_3 | 1% | -5% |
| Year_5 | 11% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Technology Equities vs Technology Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- IHAK Dividend Yield: 0%
- SKYY Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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