SKYY: FIRST TRUST CLOUD COMPUTING ETF
What this ETF is trying to do
The First Trust Cloud Computing ETF (SKYY) focuses on companies involved in cloud computing. This means it invests in businesses that provide technology services over the internet. Based on its Top Holdings (updated October 8, 2026), the fund holds companies like Everpure Inc (4.89%), DigitalOcean Holdings Inc (4.19%), and Arista Networks Inc (3.62%), as well as well-known names like Microsoft Corp and Alphabet Inc.
What the numbers show
As of October 5, 2026, the current price of one share is $169.84. The data shows strong growth over several timeframes:
• Year-to-Date (YTD): The price return and total return are both approximately 30.57%.
• One Year: The price return and total return are both approximately 25.75%.
• Three Years: The price return and total return are both approximately 128.07%.
• Five Years: The total return is approximately 62.51%.
Because this ETF has no history of share splits, we can look at an estimated price from roughly one year ago, which was $135.06. For example, if you had invested $10,000 based on that estimated price, the price-only increase would be about $2,575.
Income and distribution explanation
Some investors look for ETFs that pay them cash regularly, known as distributions. However, SKYY has a distribution yield of 0% and no distributions were detected in the last 12 months. This means the fund does not currently provide cash income to its shareholders.
NAV erosion explanation
"NAV erosion" happens when the actual value of the assets inside an ETF drops significantly over time. StockValueFinder uses an erosion-risk score to measure this. SKYY has an erosion score of 100, and the erosion severity is labeled as "good." The data states that no price erosion was detected, and the severe erosion-risk flag is false.
Pros
• Strong Price Growth: The ETF has shown significant price returns over the last one, three, and five years.
• Low Erosion Risk: The fund has a "good" erosion severity rating.
• Diversified Tech Exposure: It holds a variety of cloud-related companies.
Cons
• No Cash Income: There are no distributions for investors who want regular payouts.
Beginner takeaway
SKYY is a growth-oriented ETF that tracks the cloud computing industry. While it has seen significant price increases recently, it does not pay a dividend. For new investors, it is important to remember that a high distribution yield in other funds can sometimes be misleading if the share price is falling; however, in this case, SKYY provides no yield and focuses entirely on price movement.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | EVERPURE INC CLASS A | P | 4.89% |
| 2 | DIGITALOCEAN HOLDINGS INC | DOCN | 4.19% |
| 3 | ARISTA NETWORKS INC | ANET | 3.62% |
| 4 | NUTANIX INC CLASS A | NTNX | 3.57% |
| 5 | ALPHABET INC CLASS A | GOOGL | 3.52% |
| 6 | MICROSOFT CORP | MSFT | 3.51% |
| 7 | AMAZON.COM INC | AMZN | 3.33% |
| 8 | INTERNATIONAL BUSINESS MACHINES CORP | IBM | 3.27% |
| 9 | ORACLE CORP | ORCL | 3.20% |
| 10 | COREWEAVE INC ORDINARY SHARES CLASS A | CRWV | 2.97% |