Do SKYY and XSW hold the same stocks?

By their latest filings, 24% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, SKYY or XSW?

SKYY has 41% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.

Which is cheaper, SKYY or XSW?

SKYY charges 0.60% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

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SKYY vs XSW: which is really different?

SKYY and XSW hold 24% of their weight in the same names, and SKYY returned +22.0% over the year. First Trust Cloud Computing ETF and State Street(R) SPDR(R) S&P(R) Software & Services ETF.

41.3%

SKYY in the S&P 500

20.8%

XSW in the S&P 500

+22.0%

SKYY total return, 1 year

−1.6%

XSW total return, 1 year

SKYY · 1 year to Sep 30, 202659% of its weight is outside the S&P 500

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

XSW · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of XSW's weight is in S&P 500 companies and 79% is outside the index

ETFIQ Off-Index Score · XSW scores higherHow much of it is not the index it is sold as an alternative to?

SKYY 20.3

XSW 34.7

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 XSW hold 24% 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 Sep 30, 2026.

50%

half

24% in common

Positions both hold, largest shared weight first

Holding SKYY XSW

Rubrik, Inc. (Class A) 2.14% 0.98%

SentinelOne, Inc. (Class A) 1.87% 0.93%

Netskope, Inc. (Class A) 1.98% 0.92%

ServiceTitan, Inc. (Class A) 1.17% 0.88%

Five9, Inc. 1.47% 0.85%

RingCentral, Inc. (Class A) 1.86% 0.82%

Nutanix, Inc. (Class A) 3.57% 0.80%

Microsoft Corporation 3.51% 0.80%

ServiceNow, Inc. 1.57% 0.78%

GitLab Inc. (Class A) 1.76% 0.78%

Appian Corporation 0.77% 0.79%

Atlassian Corporation (Class A) 1.60% 0.77%

Only in SKYY

Everpure, Inc. (Class A) 4.89%

DigitalOcean Holdings, Inc. 4.19%

Arista Networks, Inc. 3.62%

Alphabet Inc. (Class A) 3.52%

Amazon.com, Inc. 3.33%

CoreWeave, Inc. (Class A) 2.97%

Cloudflare, Inc. (Class A) 2.64%

Lumen Technologies, Inc. 2.59%

Only in XSW

VIA TRANSPORTATION INC CL A 0.89%

CADENCE DESIGN SYS INC 0.89%

SAILPOINT INC 0.88%

RAPID7 INC 0.88%

STRATEGY INC 0.88%

DYNATRACE INC 0.87%

COMMVAULT SYSTEMS INC 0.87%

FORTINET INC 0.87%

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

24% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	SKYY	XSW	SKYY	XSW	SKYY	XSW
3 months	+20.3%	+10.1%	+17.8 pts	+7.5 pts	+18.2 pts	+7.9 pts
6 months	+48.6%	+36.3%	+31.7 pts	+19.3 pts	+21.8 pts	+9.4 pts
1 year	+22.0%	−1.6%	+6.3 pts	−17.3 pts	−1.8 pts	−25.4 pts
3 years	+116.0%	+53.6%	+31.1 pts	−31.4 pts	+6.0 pts	−56.4 pts
Since launch SKYY Jul 2011 · XSW Sep 2011	+736.3%	+766.5%	+92.7 pts	+12.4 pts	−608.6 pts	−696.5 pts

SKYY and XSW 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

XSW

State Street(R) SPDR(R) S&P(R) Software & Services ETF · Holds 133 stocks in cloud and software, 21% of its weight in S&P 500 companies

Issuer First Trust State Street

Theme Cloud and software Cloud and software

In the S&P 500 41.3% 20.8%

Active share vs the S&P 500 86.0% 95.5%

In the Nasdaq-100 21.0% 14.0%

Holdings 66 133

Top ten, share of the fund 36.1% 9.2%

Expense ratio 0.60% 0.35%

Fee for the differing part 0.70% 0.37%

Total return, 1 year +22.0% −1.6%

vs the S&P 500 +6.3 pts −17.3 pts

vs the Nasdaq-100 −1.8 pts −25.4 pts

Below its high −2.9% −7.5%

Net assets $3.3bn $473m

SKYY and XSW 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.

XSW in plain words

By weight, 21% of XSW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 9% of the fund across 133 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −1.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 17.3 pts. It sits 7.5% below its all-time high of Aug 27, 2026.

Questions people ask

Do SKYY and XSW hold the same stocks?: By their latest filings, 24% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, SKYY or XSW?: SKYY has 41% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.
Which is cheaper, SKYY or XSW?: SKYY charges 0.60% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

Other comparisons

SKYY vs WCLD SKYY vs XIGV SKYY vs CLOD SKYY vs CLOU XSW vs CLOD XSW vs CLOU XSW vs FCLD XSW vs WCLD

SKYY on its own →XSW 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 ↗XSW filings on SEC EDGAR ↗XSW prospectus with the expense ratio (SEC) ↗State Street website ↗

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 XSW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/skyy-vs-xsw

Open data

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