SKYY vs SLYV: Holdings Overlap
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
SLYVState Street® SPDR® S&P 600™ Small Cap Value ETF
State Street (SPDR) · 462 holdings · $5.1B · as of 2026-08-06
Holdings snapshots are 128 days apart (SKYY: 2026-03-31, SLYV: 2026-08-06). 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 SLYV?
First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62 positions; State Street® SPDR® S&P 600™ Small Cap Value ETF (SLYV, by State Street (SPDR)) holds 462. They have 7 holdings in common, and by portfolio weight the two funds are 1.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7SKYY holds 62 · SLYV holds 462
- Weight in Shared Holdings
- SKYY 8%·SLYV 2%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
55 of 62 positions (92.3% of the fund) are not held by SLYV. Showing the top 30 by weight.
Only in SLYV
455 of 462 positions (97.8% of the fund) are not held by SKYY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SKYY | SLYV |
|---|---|---|
| Information Technology | 82.6% | 11.8% |
| Financials | 0.6% | 22.1% |
| Consumer Discretionary | 3.7% | 15.7% |
| Industrials | 0.6% | 13.2% |
| Communication Services | 8.7% | 3.8% |
| Other Sectors | 0.6% | 32.3% |
| Unclassified | 3.1% | 1.0% |
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, 1% of SLYV).
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% | — |
| SLYV | +3.6% | +23.2% | +39.5% | +13.6% | +8.2% | +10.3% | 1.78% |
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 SLYV →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by PAYC, LUMN and RNG.
 PAYCPaycom Software Inc COM | 0.60% | 0.96% | 0.60% |
|---|---|---|---|
 LUMNLumen Technologies Inc COM | 3.02% | 0.33% | 0.33% |
 RNGRingCentral, Inc., Class A | 1.51% | 0.20% | 0.20% |
 FIVNFive9 Inc. COM | 0.80% | 0.18% | 0.18% |
 BOXBox, Inc., Class A | 0.62% | 0.16% | 0.16% |
 QTWOQ2 Holdings Inc COM | 0.61% | 0.16% | 0.16% |
 BLKBBlackbaud Inc COM | 0.49% | 0.09% | 0.09% |
Frequently Asked Questions
How much do SKYY and SLYV overlap?
SKYY and SLYV overlap by 1.7% of portfolio weight. They share 7 holdings (SKYY holds 62 positions and SLYV holds 462), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SKYY and SLYV?
The two portfolios are 1.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SKYY and SLYV?
The largest positions held by both funds are PAYC, LUMN, RNG, FIVN and BOX. Together the top 7 shared positions account for 100% of the total overlap.
What does SKYY own that SLYV doesn't?
55 positions (92.3% of SKYY) are unique to SKYY, led by DOCN, ORCL and IBM. In the other direction, 455 positions (97.8% of SLYV) are unique to SLYV.