ARKW vs SKYY: Holdings Overlap
ARKWARK Next Generation Internet ETF
ARK · 42 holdings · $1.7B · as of 2026-04-30
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
Holdings snapshots are 30 days apart (ARKW: 2026-04-30, SKYY: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ARKW and SKYY?
ARK Next Generation Internet ETF (ARKW, by ARK) holds 42 positions; First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62. They have 11 holdings in common, and by portfolio weight the two funds are 16.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11ARKW holds 42 · SKYY holds 62
- Weight in Shared Holdings
- ARKW 23%·SKYY 21%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ARKW
31 of 42 positions (76.6% of the fund) are not held by SKYY. Showing the top 30 by weight.
Only in SKYY
51 of 62 positions (79.4% of the fund) are not held by ARKW. Showing the top 30 by weight.
Sector Breakdown
| Sector | ARKW | SKYY |
|---|---|---|
| Information Technology | 39.5% | 82.6% |
| Financials | 18.1% | 0.6% |
| Consumer Discretionary | 17.3% | 3.7% |
| Communication Services | 16.6% | 8.7% |
| Industrials | 0.0% | 0.6% |
| Other Sectors | 0.0% | 0.6% |
| Unclassified | 8.4% | 3.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (8% of ARKW, 3% of SKYY).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ARKW | +0.5% | +0.1% | -4.8% | +34.6% | +0.7% | +22.3% | 1.59% |
| SKYY | +12.3% | +20.1% | +27.6% | +25.7% | +8.0% | +17.1% | — |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ARKW vs SKYY →
Shared Holdings(11)
The top 10 shared positions account for 97% of the overlap, led by AMZN, CRWV and SHOP.
 AMZNAmazon.com, Inc. COM | 4.20% | 3.68% | 3.68% |
|---|---|---|---|
 CRWVCoreWeave, Inc., Class A | 4.06% | 3.01% | 3.01% |
 SHOPShopify Inc CL A SUB VTG SHS | 4.51% | 1.82% | 1.82% |
 NETCloudflare, Inc., Class A | 1.81% | 2.97% | 1.81% |
 PEverpure, Inc., Class A | 1.46% | 3.41% | 1.46% |
 RBRKRubrik, Inc., Class A | 1.09% | 1.75% | 1.09% |
 GTLBGitlab Inc CLASS A COM | 0.86% | 1.53% | 0.86% |
 DDOGDatadog, Inc., Class A | 1.47% | 0.65% | 0.65% |
 CRWDCrowdstrike Holdings, Inc., Class A | 1.80% | 0.65% | 0.65% |
 TOSTToast, Inc., Class A | 1.02% | 0.60% | 0.60% |
 FIGFigma Inc. CLASS A COM STK | 1.10% | 0.45% | 0.45% |
Frequently Asked Questions
How much do ARKW and SKYY overlap?
ARKW and SKYY overlap by 16.1% of portfolio weight. They share 11 holdings (ARKW holds 42 positions and SKYY holds 62), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ARKW and SKYY?
The two portfolios are 16.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ARKW and SKYY?
The largest positions held by both funds are AMZN, CRWV, SHOP, NET and P. Together the top 10 shared positions account for 97% of the total overlap.
What does ARKW own that SKYY doesn't?
31 positions (76.6% of ARKW) are unique to ARKW, led by AMD, TSLA and ARKB. In the other direction, 51 positions (79.4% of SKYY) are unique to SKYY.