SKYE vs. WTEJ - ETF Comparison
SKYE - First Trust Cloud Computing UCITS ETF Acc
The First Trust Cloud Computing UCITS ETF Acc is an equity fund that tracks the ISE Cloud Computing index, providing exposure to companies involved in the cloud computing industry. The fund has a total expense ratio of 0.60% and uses a full replication strategy to track the underlying index. The fund is domiciled in Ireland and has approximately $344 million in assets under management.
WTEJ - WisdomTree Cloud Computing UCITS ETF USD Acc
The WisdomTree Cloud Computing UCITS ETF USD Acc is an equity fund that tracks the BVP Nasdaq Emerging Cloud index, focusing on companies involved in providing cloud software and services in the United States. The fund applies ESG criteria and has a total expense ratio of 0.40% p.a..
| SKYE | WTEJ | |
|---|---|---|
| Fund Name | First Trust Cloud Computing UCITS ETF Acc | WisdomTree Cloud Computing UCITS ETF USD Acc |
| Fund Provider | First Trust | WisdomTree |
| Index | ISE Cloud Computing | BVP Nasdaq Emerging Cloud |
| Asset Class | Equity | Equity |
| Listing | EU-listed | EU-listed |
| Expense Ratio | 0.6% | 0.4% |
| Inception Date | 2018-12-27 | 2019-09-03 |
| Number Of Holdings | 65 | 67 |
| Currency | USD | USD |
| Distribution Policy | Accumulating | Accumulating |
| Region | Global | United States |
| Sector | Technology | Technology |
| Sector Detail | Cloud Computing | Cloud Computing |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.