SKYY vs WCLD: Grades, Fees and Holdings Compared

First Trust Cloud Computing ETF

SKYYBNasdaq

WisdomTree Cloud Computing Fund

WCLDBNasdaq

Overlap

43.1%by weight

Expense ratio

WCLD −0.15pt a year

SKYY0.60%WCLD0.45%

Avg volume · 30D

WCLD 3.0×the volume

SKYY255KWCLD764K

5Y return · a year

SKYY +14.0pt

SKYY+7.2%WCLD−6.8%

SKYY vs WCLD Performance

Oct 29, 2021 – Oct 30, 2026

+41.6%SKYY−29.8%WCLD

Expense ratio: SKYY 0.60%; WCLD 0.45%, better
Fund size: SKYY $3.31B; WCLD $312M
1Y total return: SKYY +12.1%; WCLD +22.8%, better
Yield (12M): SKYY 0.00%; WCLD No data
Holdings: SKYY 66; WCLD 65
Avg volume (30D): SKYY 255K sh; WCLD 764K sh, better
NAV per share: SKYY $159.91; WCLD $43.95
52W range

ETF.net Grade

Pillar letters and Scores for SKYY, WCLD, with each pillar’s weight
Pillar	SKYY	WCLD
Cost30% weight	D35	B56Higher
Mission25% weight	Not scored	A84
Risk15% weight	B58Higher	D27
Tradability15% weight	A88Higher	A73
Holdings10% weight	A74	A84Higher
Durability5% weight	A85Higher	B61

Rank among Cloud & Software funds

How we build Categories ›

Same Category. SKYY and WCLD are both graded against the same 5 Cloud & Software funds, so their Grades compare head to head.

Cloud & Software⁠

Category · 5 funds

See all 5 ›

SKYY ranks 2nd and WCLD 3rd of 5 funds in the Cloud & Software Category.

Rank 1BFCLDFidelity Cloud Computing ETFScore 60
Rank 2BSKYYFirst Trust Cloud Computing ETFScore 58
Rank 3BWCLDWisdomTree Cloud Computing FundScore 57
Rank 4CCLODThemes Cloud Computing ETFScore 40

Our read on each fund

ETF.net Research

SKYYBFirst Trust Cloud Computing ETF

WCLDBWisdomTree Cloud Computing Fund

In short

SKYY The veteran cloud play. SKYY has tracked the ISE CTA Cloud Computing Index since 2011, bundling roughly 60 companies that rent out computing power instead of selling boxes.

WCLD Cloud software, undiluted: about 70 emerging cloud names, chosen twice a year by venture firm Bessemer and weighted equally, so the smallest holding carries the same load as the biggest.

Stated mandate

SKYY The Fund seeks results generally corresponding, before fees and expenses, to the price and yield of the ISE CTA Cloud ComputingTM Index. The index is designed to track companies involved in the cloud computing industry.

WCLD The Fund seeks to track, before fees and expenses, the price and yield performance of the BVP Nasdaq Emerging Cloud Index.

Why people hold it

SKYY Trading since 2011, so its live record spans full market cycles instead of one hot stretch for the theme.
A multi-billion-dollar fund that changes hands regularly, which generally means ordinary-size orders find a market without drama.
Rules-based index, roughly 60 names: wide enough to spread the bet across cloud providers and users, tight enough to still feel like a theme.
Sits in the upper half of its cloud-software peer group on our review.

WCLD Equal weight by design. Every name resets to the same slice at each reconstitution, so one runaway winner can't quietly become the whole fund.nasdaqomx.com
The screen has teeth: joining takes 15%+ revenue growth in each of the last two years, and staying takes at least 7%. Slow growers get shown the door.nasdaqomx.com nasdaqomx.com 2
At 0.45% a year it sits under the cohort median and well under First Trust's SKYY at 0.60%.
Actively traded since its 2019 launch, so orders aren't riding on thin, sporadic volume.

Worth knowing

SKYY At 0.60% a year it runs above the cloud cohort's median fee, and above FCLD (0.39%) and WCLD (0.45%).
Not an income vehicle: distributions have not been part of the recent picture, so the whole story is price.
One theme, roughly 60 mostly-tech stocks. It swings harder than a broad market fund, in both directions.

WCLD Pure-play cloud software with no mega-cap ballast. This is among the more volatile funds in its peer group, and sector drawdowns land hard.bvp.com
One theme, roughly 70 stocks. When enterprise software is out of favor, there is nowhere inside the portfolio to hide.
Cheaper cloud tickers exist (FCLD at 0.39%, CLOD at 0.35%), though they follow different indexes with different holdings. No distributions recently either.

Full SKYY profile⁠

Full WCLD profile⁠

SKYY vs WCLD Holdings

How SKYY and WCLD differ

Overlap by weight

43.1%

Shared holdings make up 61.7% of WCLD and 52.9% of SKYY.

Level by level

Holdings40 in both43.1%
Sector4 Sectors88.4%
Countryby domicile97.8%
Asset classEquity100%

Sector

Sector weights in SKYY and WCLD, widest gap first
Sector	More in SKYYMore in WCLD	SKYY	WCLD
Communication	SKYY +8.3 points	8.3%	0.0%
Technology	WCLD +7.3 points	87.8%	95.1%
Health Care	WCLD +4.3 points	0.6%	4.9%
Consumer Discretionary	SKYY +3.3 points	3.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in SKYY and WCLD, widest gap first
Country	More in SKYYMore in WCLD	SKYY	WCLD
Israel	WCLD +1.6 points	0.0%	1.6%
Germany	SKYY +1.2 points	1.2%	0.0%
Canada	SKYY +0.9 points	2.5%	1.6%
United States	WCLD +0.6 points	96.3%	96.9%

Concentration

Weight in the 10 largest Holdings

SKYY34.0%
WCLD20.3%

Securities held

SKYY65
WCLD64

Asset class

SKYY: Equity
WCLD: Equity

Holdings

Only in SKYY25
In both40
Only in WCLD24

Only in SKYY

25 securities, 47.0% of SKYY by weight

Everpure, Inc. (Class A)4.86%
International Business Machines Corporation3.92%
Microsoft Corporation3.66%
Amazon.com, Inc.3.29%
Oracle Corporation3.12%
Arista Networks, Inc.3.07%
Alphabet Inc. (Class A)2.93%
Lumen Technologies, Inc.2.31%
Cisco Systems, Inc.2.24%
Akamai Technologies, Inc.2.02%
CoreWeave, Inc. (Class A)1.92%
NetApp, Inc.1.91%
Hewlett Packard Enterprise Company1.88%
Dell Technologies Inc. (Class C)1.65%
Applovin Corp. (Class A)1.30%
Sap SE (Adr)1.26%
Appian Corporation1.09%
Box, Inc. (Class A)0.72%
Blackbaud, Inc.0.66%
Open Text Corporation0.63%
Dropbox, Inc. (Class A)0.61%
Zoom Communications, Inc. (Class A)0.59%
Intuit Inc.0.56%
The Trade Desk, Inc. (Class A)0.53%
Rackspace Technology, Inc.0.24%

Only in WCLD

24 securities, 38.3% of WCLD by weight

Okta Inc2.22%
Tenable Holdings Inc2.13%
Braze Inc-A2.13%
Pagerduty Inc1.98%
AvePoint Inc1.84%
Dynatrace Inc1.69%
Freshworks Inc-Cl A1.64%
Sailpoint Inc1.63%
Waystar Holding Corp1.61%
Ncino1.59%
Cellebrite Di Ltd1.59%
Zeta Global Holdings Corp-A1.55%
monday.com Ltd1.52%
Samsara Inc-Cl A1.52%
JFrog Ltd1.48%
SPS Commerce Inc1.48%
Palantir Technologies Inc-A1.48%
Intapp Inc1.47%
Agilysys Inc1.47%
Bill Holdings Inc1.46%
Procore Technologies Inc1.39%
Sprinklr Inc-A1.33%
Uipath Inc - Class A1.21%
Alkami Technology Inc0.88%

Weight gaps

All 40 Holdings in both funds, largest gap first.

Holding weights in SKYY and WCLD, widest gap first
Holding	More in SKYYMore in WCLD	SKYY	WCLD
Nutanix, Inc. (Class A)NTNX	SKYY +2.06 points	3.49%	1.43%
DigitalOcean Holdings, Inc.DOCN	SKYY +1.76 points	2.88%	1.12%
CrowdStrike Holdings, Inc. (Class A)CRWD	WCLD +1.24 points	0.64%	1.88%
DocuSign, Inc.DOCU	WCLD +1.17 points	0.74%	1.91%
Veeva Systems Inc. (Class A)VEEV	WCLD +1.17 points	0.65%	1.82%
Zscaler, Inc.ZS	WCLD +1.14 points	0.75%	1.89%
MongoDB, Inc.MDB	SKYY +1.13 points	2.31%	1.18%
Qualys, Inc.QLYS	WCLD +1.07 points	0.71%	1.78%
Asana, Inc. (Class A)ASAN	WCLD +1.04 points	0.65%	1.69%
Elastic N.V.ESTC	WCLD +1.04 points	0.59%	1.63%
Paycom Software, Inc.PAYC	WCLD +1.00 points	0.66%	1.66%
Klaviyo, Inc. (Class A)KVYO	WCLD +1.01 points	0.58%	1.58%
Paylocity Holding CorporationPCTY	WCLD +0.98 points	0.63%	1.61%
BlackLine, Inc.BL	WCLD +0.93 points	0.60%	1.53%
Palo Alto Networks, Inc.PANW	WCLD +0.91 points	0.57%	1.48%
Q2 Holdings, Inc.QTWO	WCLD +0.90 points	0.61%	1.51%
Datadog, Inc. (Class A)DDOG	WCLD +0.85 points	0.59%	1.44%
Workday, Inc. (Class A)WDAY	WCLD +0.84 points	0.59%	1.43%
AppFolio, Inc. (Class A)APPF	WCLD +0.83 points	0.54%	1.37%
Cloudflare, Inc. (Class A)NET	SKYY +0.80 points	2.18%	1.38%
Snowflake Inc. (Class A)SNOW	WCLD +0.78 points	0.55%	1.33%
Toast, Inc. (Class A)TOST	WCLD +0.70 points	0.55%	1.25%
Figma, Inc. (Class A)FIG	WCLD +0.68 points	0.47%	1.15%
Rubrik, Inc. (Class A)RBRK	SKYY +0.58 points	2.37%	1.79%
Fastly, Inc. (Class A)FSLY	SKYY +0.46 points	1.80%	1.34%
Netskope, Inc. (Class A)NTSK	SKYY +0.40 points	2.82%	2.42%
Shopify Inc. (Class A)SHOP	SKYY +0.38 points	1.90%	1.52%
RingCentral, Inc. (Class A)RNG	SKYY +0.33 points	2.08%	1.75%
Wix.com Ltd.WIX	WCLD +0.31 points	1.04%	1.35%
SentinelOne, Inc. (Class A)S	SKYY +0.31 points	2.02%	1.71%
ServiceTitan, Inc. (Class A)TTAN	SKYY +0.25 points	1.53%	1.28%
Workiva Inc.WK	SKYY +0.25 points	1.86%	1.61%
Twilio Inc. (Class A)TWLO	SKYY +0.24 points	1.55%	1.31%
Adobe IncorporatedADBE	SKYY +0.21 points	1.52%	1.31%
GitLab Inc. (Class A)GTLB	SKYY +0.20 points	2.07%	1.87%
HubSpot, Inc.HUBS	SKYY +0.19 points	1.60%	1.41%
Atlassian Corporation (Class A)TEAM	SKYY +0.15 points	1.76%	1.61%
ServiceNow, Inc.NOW	SKYY +0.08 points	1.26%	1.18%
Five9, Inc.FIVN	SKYY +0.01 points	1.61%	1.60%
Salesforce, Inc.CRM	Same weight	1.58%	1.58%

All 65 SKYY holdings⁠All 69 WCLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SKYY vs WCLD Cost

Overpaying SKYY vs WCLD

$2,776

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SKYY 0.60%
$11,817
WCLD 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

SKYY 0.60%
WCLD 0.45%
Overpaying

Year by year

Year	SKYY	WCLD	Overpaying
10	$1,076	$812	$264
20	$4,116	$3,128	$988
30	$11,817	$9,041	$2,776

Expense ratio

0.60%SKYY
0.45%WCLD, cheaper

WCLD0.45%SKYY0.60%

0.35%0.68%

Middle half of Cloud & Software funds
Median 0.45%

WCLD 3rd cheapest of 5 funds

SKYY 4th cheapest of 5 funds

SKYY vs WCLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SKYY 0.00%; WCLD No data
Payout (12M): SKYY None; WCLD None

Distribution history

Per share, 2013 to 2022, same scale for both

SKYY35 paymentsAll SKYY payments⁠

WCLDAll WCLD payments⁠

No distribution history available.

SKYY vs WCLD Risk

Fall from peak · 5 years

SKYY
WCLD

Risk facts

VolatilityStd dev, 3 years: SKYY 26.3%, betterWCLD 30.0%
Return per unit of riskSharpe ratio, 3 years: SKYY 0.96, betterWCLD 0.52
Worst fallMax drawdown, 5 years: SKYY −53.2%, betterWCLD −64.9%
Market sensitivityBeta, 5 years: SKYY 1.27WCLD 1.10; Market = 1

SKYY and WCLD in the news

All news⁠

Top Movers
Cybersecurity funds led the week, up as much as 12.7%, as gold miners fell
Oct 23, 2026WCLD
Deep Dive
Software funds fall 2.9% as application names are marked down
Sep 12, 2026WCLD
Deep Dive
Chip funds rose 2.5% as software ETFs fell 4.5%
Sep 5, 2026SKYY

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SKYY vs WCLD

In short

Stated mandate

Why people hold it