SKYY vs PBUS: Holdings Overlap
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (SKYY: 2026-03-31, PBUS: 2026-05-31). 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 SKYY and PBUS?
First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 32 holdings in common, and by portfolio weight the two funds are 15.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32SKYY holds 62 · PBUS holds 537
- Weight in Shared Holdings
- SKYY 61%·PBUS 17%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 SKYY
30 of 62 positions (39.1% of the fund) are not held by PBUS.
Sector Breakdown
| Sector | SKYY | PBUS |
|---|---|---|
| Information Technology | 82.6% | 38.0% |
| Financials | 0.6% | 11.1% |
| Communication Services | 8.7% | 10.7% |
| Consumer Discretionary | 3.7% | 9.7% |
| Industrials | 0.6% | 8.5% |
| Other Sectors | 0.6% | 21.6% |
| Unclassified | 3.1% | 0.0% |
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 (3% of SKYY, 0% of PBUS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SKYY | +12.3% | +20.1% | +27.6% | +25.7% | +8.0% | +17.1% | — |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 SKYY vs PBUS →
Shared Holdings(32)
The top 10 shared positions account for 88% of the overlap, led by AMZN, MSFT and GOOGL.
 AMZNAmazon.com, Inc. COM | 3.68% | 3.94% | 3.68% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 3.50% | 4.81% | 3.50% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.42% | 3.35% | 3.35% |
 CSCOCisco Systems, Inc. COM | 2.42% | 0.72% | 0.72% |
 ORCLOracle Corp. COM | 3.76% | 0.59% | 0.59% |
 IBMInternational Business Machines Corp. COM | 3.75% | 0.42% | 0.42% |
 PANWPalo Alto Networks Inc COM | 0.67% | 0.34% | 0.34% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.65% | 0.28% | 0.28% |
 CRMSalesforce Inc. COM | 1.78% | 0.27% | 0.27% |
 ANETArista Networks Inc COM SHS | 3.41% | 0.26% | 0.26% |
 APPApplovin Corp. COM CL A | 1.70% | 0.21% | 0.21% |
 DELLDell Technologies Inc CL C | 2.06% | 0.20% | 0.20% |
 NOWServicenow Inc COM | 1.80% | 0.20% | 0.20% |
 ADBEAdobe Inc COM | 1.72% | 0.16% | 0.16% |
 INTUIntuit Inc COM | 0.65% | 0.14% | 0.14% |
 SNOWSnowflake Inc., Class A | 0.55% | 0.12% | 0.12% |
 DDOGDatadog, Inc., Class A | 0.65% | 0.12% | 0.12% |
 NETCloudflare, Inc., Class A | 2.97% | 0.12% | 0.12% |
 HPEHewlett Packard Enterprise Co. COM | 2.06% | 0.09% | 0.09% |
 NTAPNetApp Inc. COM | 1.92% | 0.05% | 0.05% |
 WDAYWorkday, Inc., Class A | 0.60% | 0.05% | 0.05% |
 TWLOTwilio Inc., Class A | 1.93% | 0.04% | 0.04% |
 MDBMongoDB Inc. CL A | 2.31% | 0.04% | 0.04% |
 VEEVVeeva Systems Inc., Class A | 0.60% | 0.04% | 0.04% |
 ZMZoom Communications, Inc., Class A | 0.67% | 0.04% | 0.04% |
Frequently Asked Questions
How much do SKYY and PBUS overlap?
SKYY and PBUS overlap by 15.2% of portfolio weight. They share 32 holdings (SKYY holds 62 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SKYY and PBUS?
The two portfolios are 15.2% 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 SKYY and PBUS?
The largest positions held by both funds are AMZN, MSFT, GOOGL, CSCO and ORCL. Together the top 10 shared positions account for 88% of the total overlap.
What does SKYY own that PBUS doesn't?
30 positions (39.1% of SKYY) are unique to SKYY, led by DOCN, NTNX and LUMN. In the other direction, 505 positions (82.9% of PBUS) are unique to PBUS.