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SKYY vs XIGV: which is really different?

SKYY and XIGV hold 7% of their weight in the same names. First Trust Cloud Computing ETF and Defiance US 100 Tech Ex Software ETF.

41.3%
SKYY in the S&P 500
90.5%
XIGV in the S&P 500
+22.0%
SKYY total return, 1 year
−2.1%
XIGV total return, since launch
SKYY · 1 year to Sep 30, 202659% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of SKYY's weight is in S&P 500 companies and 59% is outside the index41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 86% · top ten 36% of the fund · 66 holdings filed Sep 30, 2026 · Nasdaq-100: 21% in59% of its weight is outside the S&P 50041% of SKYY's weight is in S&P 500 companies and 59% is outside the index41%59%in the S&P 500outside the S&P 500active share 86% · top ten 36% of the fund

41% of SKYY's weight is in S&P 500 companies and 59% is outside the index

XIGV · 3 months to Sep 30, 202610% of its weight is outside the S&P 500
10% of its weight is outside the S&P 50091% of XIGV's weight is in S&P 500 companies and 10% is outside the index91%10%of its weight in S&P 500 companiesoutsideactive share 61% · top ten 50% of the fund · 79 holdings filed Oct 1, 2026 · Nasdaq-100: 94% in10% of its weight is outside the S&P 50091% of XIGV's weight is in S&P 500 companies and 10% is outside the index91%10%of its weight in S&P 500 companies10% of its weight outside the S&P 500active share 61% · top ten 50% of the fund

91% of XIGV's weight is in S&P 500 companies and 10% is outside the index

ETFIQ Off-Index Score · SKYY scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, SKYY and XIGV hold 7% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 1, 2026 and Sep 30, 2026.

half

7% in common

Positions both hold, largest shared weight first
Holding SKYY XIGV
Alphabet Inc. (Class A) 3.52% 4.40%
Amazon.com, Inc. 3.33% 4.73%
Only in SKYY
Everpure, Inc. (Class A) 4.89%
DigitalOcean Holdings, Inc. 4.19%
Arista Networks, Inc. 3.62%
Nutanix, Inc. (Class A) 3.57%
Microsoft Corporation 3.51%
International Business Machines Corporation 3.27%
Oracle Corporation 3.20%
CoreWeave, Inc. (Class A) 2.97%
Only in XIGV
Advanced Micro Devices Inc 6.06%
Meta Platforms Inc 5.69%
Micron Technology Inc 5.27%
Apple Inc 5.22%
Nvidia Corp 5.18%
Space Exploration Technologies Corp 4.73%
Broadcom Inc 4.35%
Tesla Inc 4.25%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

7% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowSKYYXIGVSKYYXIGVSKYYXIGV
3 months+20.3%−1.9%+17.8 pts−4.4 pts+18.2 pts−4.0 pts
6 months+48.6%not published+31.7 ptsnot published+21.8 ptsnot published
1 year+22.0%not published+6.3 ptsnot published−1.8 ptsnot published
3 years+116.0%not published+31.1 ptsnot published+6.0 ptsnot published
Since launch
SKYY Jul 2011 · XIGV Jun 2026
+736.3%−2.1%+92.7 pts−5.3 pts−608.6 pts−4.4 pts

SKYY and XIGV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

SKYY
First Trust Cloud Computing ETF · Holds 66 stocks in cloud and software, 41% of its weight in S&P 500 companies
XIGV
Defiance US 100 Tech Ex Software ETF · Holds 79 stocks in cloud and software, 90% of its weight in S&P 500 companies
Issuer First Trust Defiance
Theme Cloud and software Cloud and software
In the S&P 500 41.3% 90.5%
Active share vs the S&P 500 86.0% 60.9%
In the Nasdaq-100 21.0% 94.4%
Holdings 66 79
Top ten, share of the fund 36.1% 49.9%
Expense ratio 0.60% 0.65%
Fee for the differing part 0.70% 1.07%
Total return, 1 year +22.0% −2.1% (since launch on Jun 29, 2026)
vs the S&P 500 +6.3 pts −5.3 pts
vs the Nasdaq-100 −1.8 pts −4.4 pts
Below its high −2.9% −4.0%
Net assets $3.3bn $242,313

SKYY and XIGV on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SKYY in plain words

By weight, 41% of SKYY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 36% of the fund across 66 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +22.0% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 6.3 pts.

XIGV in plain words

By weight, 90% of XIGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 61%. The top ten holdings are 50% of the fund across 79 positions, as published by its issuer for Oct 1, 2026. Since it launched on Jun 29, 2026 the fund returned −2.1% with distributions reinvested against +3.2% for the S&P 500, so a holder was behind by 5.3 pts.

Questions people ask

Do SKYY and XIGV hold the same stocks?
By their latest filings, 7% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, SKYY or XIGV?
SKYY has 41% of its weight in S&P 500 names and XIGV has 90%, so SKYY differs more from the index.
Which is cheaper, SKYY or XIGV?
SKYY charges 0.60% a year and XIGV charges 0.65%, so SKYY is cheaper. Fees come from each fund's prospectus.
Other comparisons
SKYY vs WCLDSKYY vs CLODSKYY vs XSWSKYY vs CLOUXIGV vs CLODXIGV vs XSWXIGV vs CLOUXIGV vs FCLD
SKYY on its own →XIGV on its own →How every figure is computed →Standards and sources →
Where these figures came from
SKYY filings on SEC EDGAR ↗SKYY prospectus with the expense ratio (SEC) ↗First Trust page for SKYY ↗XIGV filings on SEC EDGAR ↗XIGV prospectus with the expense ratio (SEC) ↗Defiance page for XIGV ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, SKYY against XIGV, data as of Sep 30, 2026. https://etfiq.com/compare/themes/skyy-vs-xigv

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.