IVES vs. SKYY ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to First Trust ISE Cloud Computing Index Fund (SKYY)
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”
Grade (RS Rating)
Last Trade
$43.88
Average Daily Volume
8,195
46
SKYY
First Trust ISE Cloud Computing Index Fund
SKYY Description
The investment seeks investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an equity index called the ISE Cloud Computing(TM) Index. The index is owned and was developed by International Securities Exchange, LLC ("ISE" or the "Index Provider"). The index Provider has contracted with Standard & Poor's to calculate and maintain the index. The index is designed to provide a benchmark for investors interested in tracking companies actively involved in the cloud computing industry. The fund is non-diversified.Grade (RS Rating)
Last Trade
$90.86
Average Daily Volume
140,944
64
Performance
| Period | IVES | SKYY |
|---|---|---|
| 30 Days | -6.30% | -4.94% |
| 60 Days | -6.03% | -6.14% |
| 90 Days | 4.62% | -0.18% |
| 12 Months | 46.05% | 48.17% |
20 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in SKYY | Overlap | |
|---|---|---|---|---|---|
| APPF | B | 1.46% | 0.59% | 0.59% | |
| APPN | C | 0.51% | 1.24% | 0.51% | |
| BLKB | B | 0.79% | 0.75% | 0.75% | |
| BOX | D | 0.74% | 0.7% | 0.7% | |
| CFLT | F | 1.7% | 1.6% | 1.6% | |
| DBX | F | 1.56% | 0.64% | 0.64% | |
| DDOG | A | 2.87% | 0.62% | 0.62% | |
| DOCN | C | 0.57% | 2.06% | 0.57% | |
| ESTC | B | 3.65% | 0.49% | 0.49% | |
| FSLY | D | 0.32% | 1.29% | 0.32% | |
| GTLB | F | 1.66% | 1.45% | 1.45% | |
| HCP | A | 1.16% | 1.87% | 1.16% | |
| MDB | D | 2.45% | 2.52% | 2.45% | |
| NET | C | 2.64% | 2.28% | 2.28% | |
| NTAP | B | 3.33% | 2.18% | 2.18% | |
| NTNX | C | 2.79% | 3.77% | 2.79% | |
| OTEX | F | 4.4% | 0.61% | 0.61% | |
| PSTG | B | 2.85% | 3.81% | 2.85% | |
| RNG | D | 0.53% | 1.68% | 0.53% | |
| SMAR | D | 0.99% | 0.59% | 0.59% |
IVES Overweight 26 Positions Relative to SKYY
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSTR | D | 3.68% | |
| IOT | B | 2.98% | |
| SMCI | D | 2.59% | |
| OKTA | C | 2.59% | |
| GDS | B | 1.86% | |
| INFA | D | 1.78% | |
| KC | D | 0.92% | |
| KD | C | 0.88% | |
| CVLT | A | 0.8% | |
| FROG | C | 0.8% | |
| TDC | D | 0.68% | |
| NCNO | D | 0.64% | |
| ZETA | A | 0.5% | |
| JAMF | A | 0.47% | |
| NABL | D | 0.43% | |
| INTA | F | 0.43% | |
| PDFS | F | 0.36% | |
| SWI | D | 0.35% | |
| VNET | D | 0.32% | |
| EVBG | A | 0.27% | |
| GDYN | F | 0.15% | |
| BLZE | C | 0.07% | |
| RXT | D | 0.07% | |
| UIS | B | 0.07% | |
| EGHT | F | 0.06% | |
| DOMO | F | 0.05% |
IVES Underweight 44 Positions Relative to SKYY
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | A | -4.48% | |
| ORCL | D | -4.07% | |
| AMZN | B | -3.98% | |
| IBM | D | -3.91% | |
| MSFT | C | -3.85% | |
| ANET | D | -3.51% | |
| CSCO | D | -2.64% | |
| DELL | B | -2.42% | |
| AKAM | F | -2.41% | |
| APP | B | -2.26% | |
| HPE | D | -2.2% | |
| HUBS | B | -2.03% | |
| TWLO | C | -1.95% | |
| FIVN | F | -1.9% | |
| NOW | D | -1.86% | |
| TEAM | F | -1.86% | |
| SHOP | D | -1.83% | |
| WK | F | -1.82% | |
| CRM | D | -1.76% | |
| ADBE | F | -1.66% | |
| SAP | D | -1.26% | |
| LUMN | F | -1.15% | |
| WIX | D | -1.15% | |
| ZUO | A | -0.79% | |
| QTWO | A | -0.74% | |
| SQSP | B | -0.7% | |
| DOCU | A | -0.69% | |
| PAYC | F | -0.68% | |
| BL | D | -0.68% | |
| QLYS | D | -0.65% | |
| TOST | C | -0.64% | |
| PCTY | F | -0.63% | |
| INTU | C | -0.61% | |
| PANW | B | -0.6% | |
| TTD | B | -0.6% | |
| CRWD | D | -0.59% | |
| VEEV | D | -0.58% | |
| WDAY | F | -0.57% | |
| ZM | F | -0.56% | |
| SPT | F | -0.55% | |
| SNOW | D | -0.52% | |
| ASAN | D | -0.47% | |
| ZS | F | -0.47% | |
| EB | F | -0.41% |
IVES: Top Represented Industries & Keywords
SKYY: Top Represented Industries & Keywords
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