SKYY is the first ETF to offer exposure to the cloud computing industry, a narrow segment of the technology sector that involves a fast-growing application. SKYY is one of the most targeted sector funds on the market, making it a tool for fine tuning portfolio exposure. This ETF can be useful for making short-term tactical plays, but could also have appeal as a minor complementary holding in a longer-term buy-and-hold portfolio. Some investors might consider a small position in SKYY as a means of adding opportunity for alpha to a portfolio that otherwise consists of broad based "plain vanilla" funds. The index methodology used by SKYY is worth reviewing and understanding before investing. In addition to smaller pure play cloud computing companies, this ETF makes allocations to larger firms that are involved in the cloud computing space but derive the majority of their revenues from other operations. This feature may diminish the relationship between the growth of the cloud computing space and the performance of the cloud computing ETF. Creating an investment product that successfully taps into a broader theme or industry can be challenging when there is a limited number of public companies that maintain focused operations on the niche in question. SKYY is an innovative and creative product, but investors should be aware of the nature of the underlying assets and the limitations that the index methodology may encounter. Investors seeking leveraged exposure to cloud computing stocks have LSKY as an option; that ETN offers 2x monthly leveraged exposure to the same underlying index.
The adjacent table gives investors an individual Realtime Rating for SKYY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||10.53%|
This ETF is not currently available for commission free trading on any platforms.
There are 0 other ETFs in the Technology Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of SKYY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.