Is SKYY a good investment?

First Trust Cloud Computing ETF (SKYY) is a AI and software ETF. This page answers with measurements rather than opinions: ETF Copilot's own 0–10 scores, what the fund holds and how concentrated it is, each computed from the fund's published holdings and updated daily.

Updated August 25, 2026

ETF Copilot scores First Trust Cloud Computing ETF (SKYY) 5.6 out of 10

As of August 25, 2026, ETF Copilot scores First Trust Cloud Computing ETF (SKYY) 5.6 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.6 / 10
Growth: 9.3 / 10
Valuation: 5.1 / 10
Risk: 1.2 / 10
Quality: 2.3 / 10
Return: 7.3 / 10

What stands out in SKYY's data

Tracks global cloud computing providers focused on cloud infrastructure and software services.

A focused cloud infrastructure position that adds depth to a broad technology allocation.

SKYY is 90% Tech

What's inside SKYY: Size (Large 51%, Mid 37%, Small 12%); Geography (International 8%, US 92%); Tech 89.9%; Magnificent 7 9.9%; AI 17.3%; Memory 3.4%.

SKYY's ten largest holdings are 34% of the fund

Less concentrated than 77% of Tech - Software / Cloud / Cyber / AI ETFs.

Half of SKYY's weight sits in its 18 largest positions, and once those weights are taken into account it behaves like 45 equally weighted holdings.

Cite this

ETF Copilot, “First Trust Cloud Computing ETF (SKYY) scores and holdings analysis”, as of August 25, 2026.
https://etf-copilot.com/etf/skyy