Overview Holdings Performance Dividends Similar Etfs Correlations

11 Stocks and 89 ETFs for diversifying SKYY (FIRST TRUST CLOUD COMPUTING ETF)

The least correlated asset to SKYY (FIRST TRUST CLOUD COMPUTING ETF) is ETF WEBS (DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES). The correlation is -0.9237.

Stocks that lowly correlated with SKYY

Symbol	Name	Market cap	Sector	Industry	Correlation
WSBK	Winchester Bancorp Inc	$121M	Financial Services	Banks - Regional	-0.68
APAD	Enhanced Group Inc - Class A	$161M	Financial Services	Shell Companies	-0.66
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.61
GLIBK	GCI Liberty Inc	$877M	Communication Services	Telecom Services	-0.60
JBS	JBS N.V. - Class A	$13B	Consumer Defensive	Packaged Foods	-0.54
EMA	Emera Incorporated	$16B	Utilities	Utilities - Regulated Electric	-0.52
UBXG	U-BX Technology Ltd	$6.42M	Communication Services	Advertising Agencies	-0.51
APADU	A Paradise Acquisition Corp Unit	$67M	Financial Services	Shell Companies	-0.50
AVBC	Avidia Bancorp Inc	$407M	Financial Services	Banks - Regional	-0.49
AMRZ	Amrize Ltd	$28B	Basic Materials	Building Materials	-0.47
GSRM	Bitcoin Depot Inc - Class A	$54M	N/A	N/A	-0.47

ETFs that lowly correlated with SKYY

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.92
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.88
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.87
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.84
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.84
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.82
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.79
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.79
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.79
QCMD	Direxion Daily QCOM Bear 1X ETF	$1.70M	1.00%	Jun 24, 2025	-0.78
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.77
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.76
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.76
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.75
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.71
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.71
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.71
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.70
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$16M	1.05%	May 1, 2024	-0.70
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.69
BILT	iShares Infrastructure Active ETF	$32M	0.60%	Jul 29, 2025	-0.69
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.69
IONZ	Defiance Daily Target 2x Short IONQ ETF	$22M	N/A	Jun 23, 2025	-0.69
PALD	Direxion Daily PANW Bear 1X Shares	$1.80M	1.02%	Feb 10, 2025	-0.68
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.68
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$35M	1.05%	Jul 9, 2024	-0.67
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.66
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.66
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.66
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.65
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.65
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.65
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.64
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$10M	1.02%	Sep 6, 2022	-0.64
RIFR	RUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF	$43M	0.59%	May 13, 2025	-0.64
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.63
TSLQ	Tradr 2X Short TSLA Daily ETF	$114M	N/A	Jul 13, 2022	-0.63
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.62
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.62
TSLS	Direxion Daily TSLA Bear 1X Shares	$66M	0.95%	Aug 8, 2022	-0.62
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.61
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$16M	N/A	Sep 4, 2024	-0.61
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.61
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.61
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.60
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.59
AMDD	T-REX 2X INVERSE AMD DAILY TARGET ETF	$16M	1.03%	Feb 11, 2025	-0.59
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.58
SETH	ProShares Short Ether ETF	$23M	0.95%	Nov 1, 2023	-0.58
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.57
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.57
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.57
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.56
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.56
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.56
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$11M	1.02%	Sep 6, 2022	-0.56
TSDD	GRANITESHARES 2X SHORT TSLA DAILY ETF	$39M	N/A	Aug 21, 2023	-0.56
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.55
NVDS	Tradr 1.5X Short NVDA Daily ETF	$18M	N/A	Jul 13, 2022	-0.55
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.55
TSLZ	T-REX 2X INVERSE TESLA DAILY TARGET ETF	$31M	N/A	Oct 18, 2023	-0.55
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.55
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.54
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$30M	N/A	Jul 9, 2024	-0.54
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.54
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.54
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.54
LDRT	ISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF	$132M	0.07%	Nov 7, 2024	-0.54
SBIT	ProShares UltraShort Bitcoin ETF	$219M	N/A	Apr 1, 2024	-0.53
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.52
LMTL	Direxion Daily LMT Bull 2X ETF	$8.40M	N/A	Aug 5, 2025	-0.52
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.51
XOMX	Direxion Daily XOM Bull 2X Shares	$7.80M	N/A	Apr 22, 2025	-0.51
RTXG	Leverage Shares 2X Long RTX Daily ETF	$4.50M	N/A	Jun 5, 2025	-0.51
FPAS	FPA SHORT DURATION GOVERNMENT ETF	$9.90M	0.10%	Oct 31, 2024	-0.51
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.50
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.50
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.50
AAPD	DIREXION DAILY AAPL BEAR 1X SHARES	$14M	0.96%	Aug 8, 2022	-0.50
DVXP	WEBs Defined Volatility XLP ETF	$251K	0.89%	Jul 22, 2025	-0.49
GXPS	GLOBAL X PURECAP MSCI CONSUMER STAPLES ETF	$59M	0.15%	Jul 22, 2025	-0.49
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.49
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.49
BITI	ProShares Short Bitcoin ETF	$144M	1.01%	Jun 21, 2022	-0.48
TURF	T. ROWE PRICE NATURAL RESOURCES ETF	$157M	0.44%	Jun 11, 2025	-0.48
PANG	LEVERAGE SHARES 2X LONG PANW DAILY ETF	$8.90M	N/A	Mar 20, 2025	-0.48
MLDR	GLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF	$8.80M	0.12%	Sep 9, 2024	-0.47
DVXB	WEBs Defined Volatility XLB ETF	$276K	0.89%	Jul 22, 2025	-0.47
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.47