What Is SKYY? First Trust Cloud Computing ETF
Last updated August 2026
Short answer
SKYY is the First Trust Cloud Computing ETF, one of the earliest funds dedicated to the cloud-computing theme. It holds companies across cloud infrastructure, platforms, and software, including names like Arista Networks, Alphabet, Amazon, Microsoft, MongoDB, and CoreWeave. It tracks a cloud-focused index and charges a 0.60% expense ratio. As a thematic sector fund it is more concentrated and volatile than a broad market ETF, offering targeted exposure to cloud rather than diversified core holding.
SKYY is issued by First Trust and tracks ISE CTA Cloud Computing Index. It charges a 0.60% expense ratio, holds approximately $2.72B in assets under management, yields about 0.00%, and launched in July 2011.
What is SKYY?
SKYY is the First Trust Cloud Computing ETF, one of the earliest funds dedicated to the cloud-computing theme. It holds companies across cloud infrastructure, platforms, and software, including names like Arista Networks, Alphabet, Amazon, Microsoft, MongoDB, and CoreWeave. It tracks a cloud-focused index and charges a 0.60% expense ratio. As a thematic sector fund it is more concentrated and volatile than a broad market ETF, offering targeted exposure to cloud rather than diversified core holding.
SKYY is issued by First Trust and tracks ISE CTA Cloud Computing Index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does SKYY hold?
SKYY is weighted toward its largest constituents. As of July 2026, the top holdings are:
| Rank | Ticker | Company | % of SKYY | |
|---|---|---|---|---|
| 1 | ANET | Arista Networks Inc | 4.18% | |
| 2 | DOCN | DigitalOcean Holdings Inc | 3.95% | |
| 3 | P | Everpure Inc Class A | 3.89% | |
| 4 | NTNX | Nutanix Inc Class A | 3.84% | |
| 5 | IBM | International Business Machines Corp | 3.70% | |
| 6 | GOOGL | Alphabet Inc Class A | 3.68% | |
| 7 | AMZN | Amazon.com Inc | 3.45% | |
| 8 | MDB | MongoDB Inc Class A | 3.27% | |
| 9 | MSFT | Microsoft Corp | 3.25% | |
| 10 | CRWV | CoreWeave Inc Ordinary Shares - Class A | 2.97% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
Themes SKYY is commonly used to express
ETFs are passive bundles; thematic portfolios in Walnut let you concentrate within them. If you hold SKYY as a core position, these are the themes you might layer on as satellites.
How do I invest in SKYY?
There are three common ways to get SKYY exposure. Buy shares (or fractional shares) of SKYY directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so SKYY sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. SKYY trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is SKYY a good buy?
Whether SKYY is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks ISE CTA Cloud Computing Index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is SKYY a buy?
The bottom line on SKYY
SKYY is a targeted bet on cloud computing, holding the infrastructure providers, platform companies, and software firms that power the shift to the cloud. It is a thematic, sector-concentrated fund, so it swings more than a broad market ETF and works as a satellite tilt rather than a core position. Its 0.60% fee is typical for a specialized thematic ETF.
More on SKYY
Whether SKYY is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is SKYY a buy?
SKYY yields 0.00% as of July 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see SKYY dividend: yield and schedule.
New to funds like SKYY? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how SKYY fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in SKYY with AI
Connect the broker you already use and ask Walnut's AI how SKYY fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is SKYY?
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SKYY is the First Trust Cloud Computing ETF, launched in July 2011. It was one of the first ETFs dedicated to the cloud-computing theme, holding companies that build and run cloud infrastructure, platforms, and software. It gives investors targeted exposure to the shift of computing workloads to the cloud.
What is SKYY's ticker symbol?
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SKYY, listed on Nasdaq. The full name is First Trust Cloud Computing ETF, issued by First Trust, a large provider of thematic and factor-based ETFs. The ticker plays on the 'sky' and 'cloud' theme.
What companies does SKYY hold?
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SKYY holds a mix of cloud infrastructure, platform, and software companies, including networking firms like Arista Networks, hyperscale platform owners like Alphabet, Amazon, and Microsoft, and specialized software and infrastructure names like MongoDB, Nutanix, DigitalOcean, and CoreWeave. The index groups holdings across categories of cloud involvement rather than pure market-cap weighting.
What index does SKYY track?
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SKYY tracks the ISE CTA Cloud Computing Index, a rules-based index designed to measure companies actively involved in the cloud-computing industry. The index classifies constituents by their role, such as cloud infrastructure providers, platform companies, and software-as-a-service firms, and weights them accordingly.
What is SKYY's expense ratio?
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0.60% per year, or about $60 annually on a $10,000 position. That is typical for a specialized thematic sector ETF and higher than a broad market index fund, reflecting the narrower, actively curated exposure to the cloud theme.
Does SKYY pay a dividend?
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SKYY's stated yield is 0.00%. Many of its holdings are growth-oriented technology companies that reinvest earnings rather than pay meaningful dividends, so the fund produces little to no income. Investors hold it for potential capital appreciation from the cloud theme rather than for yield.
How do I buy SKYY?
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SKYY trades like a stock during US market hours through any broker, including Robinhood, Fidelity, Schwab, and Public. It is commission-free at major brokers and supports fractional shares at many of them. It is commonly used as a thematic satellite alongside a diversified core holding.
What is SKYY's AUM?
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Approximately $2.72 billion as of July 2026. As one of the longest-standing cloud-focused ETFs, it has built a meaningful asset base, though it is smaller than broad technology funds and competes with newer cloud and software thematic ETFs.
Is SKYY a good investment?
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SKYY offers concentrated exposure to the cloud-computing theme, which has been a major driver of technology growth, but it is a sector fund and swings more than the broad market. It works better as a thematic tilt than a core holding. Walnut is not an investment adviser; whether SKYY fits depends on your conviction in cloud and how much single-theme risk you want.
SKYY vs WCLD: what is the difference?
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SKYY holds a mix of large cloud platform owners (like Amazon, Microsoft, and Alphabet) alongside pure-play cloud companies, giving it a more diversified, larger-cap tilt. WCLD (WisdomTree Cloud Computing) focuses on pure-play software-as-a-service companies and is more equal-weighted toward smaller, higher-growth names, making it more volatile. The choice depends on whether you want broad cloud exposure or a concentrated SaaS bet.
How is SKYY different from a broad tech ETF?
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A broad technology ETF like XLK or VGT holds the entire tech sector, dominated by the largest names such as Apple, Microsoft, and NVIDIA. SKYY narrows the focus to companies tied specifically to cloud computing, so it excludes chunks of tech (like consumer hardware and semiconductors that are not cloud-centric) and concentrates on the cloud theme, which makes it more targeted but less diversified.
When was SKYY created?
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July 5, 2011. It launched well before the cloud-computing theme became mainstream, making it one of the earliest thematic technology ETFs and a common reference point for cloud-focused investing.
Is SKYY volatile?
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Yes, more so than a broad market fund. Because it concentrates on a single technology theme, SKYY can rally sharply when cloud and software stocks are in favor and fall hard when growth technology sells off. Thematic sector funds like this are best sized as a smaller, satellite portion of a diversified portfolio.
Does SKYY include AI companies?
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SKYY holds several companies central to AI infrastructure, such as the hyperscale cloud providers (Amazon, Microsoft, Alphabet) that host AI workloads and firms like CoreWeave that supply AI compute, so there is meaningful overlap with the AI buildout. However, it is a cloud-computing fund by design, not a dedicated AI fund, so its mandate is the broader cloud theme rather than AI specifically.
How do I compare SKYY to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. SKYY's figures are above; the full method is in Walnut's guide on how to compare ETFs.
Guides that feature SKYY
SKYY is one of the names covered in these guides. Each one puts the fund next to its peers so you can see where it fits rather than judging it alone.
Related ETFs
Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to July 2026; verify current figures against First Trust's fund page or your broker before investing.