ρ +0.88beyond mkt +0.74holdout +0.84stable 100%robust
SKYY First Trust Cloud Computing ETF
- Last close
- 146.45
- 504-day return
- +36.40%
- Median $/day
- $23.3M
- Relationships shown
- 15
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
Same exposure: CLOU, FCLD move almost identically to SKYY (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.
SKYY vs WCLD
Both indexed to 100 at 2026-05-11.
Moves with SKYY
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.91beyond mkt +0.63holdout +0.89stable 100%robust
ρ +0.86beyond mkt +0.59holdout +0.84stable 100%robust
ρ +0.82beyond mkt +0.52holdout +0.70stable 100%robust
ρ +0.73beyond mkt +0.49holdout +0.71stable 100%robust
ρ +0.75beyond mkt +0.48holdout +0.73stable 100%robust
Moves against SKYY
ρ -0.51beyond mkt +0.17holdout -0.30stable 100%robust
ρ -0.48beyond mkt +0.12holdout -0.35stable 100%robust
ρ -0.48beyond mkt +0.08holdout -0.27stable 100%robust
ρ -0.34beyond mkt +0.05holdout -0.35stable 88%robust
ρ -0.53beyond mkt +0.05holdout -0.33stable 100%robust
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
horizon 10dρ +0.47holdout +0.12stable 62%moderate
horizon 10dρ +0.39holdout +0.47stable 88%robust
horizon 5dρ +0.35holdout +0.23stable 100%robust
horizon 5dρ +0.34holdout +0.32stable 50%moderate
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.62recent -0.24prior +0.38beyond mkt -0.07
Δ -0.61recent -0.26prior +0.35beyond mkt -0.08
Δ -0.60recent -0.12prior +0.48beyond mkt -0.01
Δ -0.60recent -0.22prior +0.39beyond mkt -0.02
Δ -0.58recent -0.31prior +0.27beyond mkt -0.07
Δ -0.56recent -0.13prior +0.43beyond mkt -0.05
Hidden links
Strong beyond-the-market co-movement with few shared neighbours.
| Symbol | beyond mkt | raw ρ | shared | isolation |
|---|---|---|---|---|
| NUMG Nuveen ESG Mid-Cap Growth ETF | +0.37 | +0.81 | 2 | |
| FDN First Trust Dow Jones Internet Index Fund ETF | +0.42 | +0.87 | 6 | |
| XITK State Street SPDR FactSet Innovative Technology ETF | +0.40 | +0.84 | 9 | |
| IGV iShares Expanded Tech-Software Sector ETF | +0.63 | +0.91 | 17 | |
| TEAM Atlassian Corporation Class A Common Stock | +0.40 | +0.66 | 12 | |
| FRSH Freshworks Inc. Class A Common Stock | +0.38 | +0.65 | 11 |