SKYY vs SPSM: Holdings Overlap
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
Holdings snapshots are 128 days apart (SKYY: 2026-03-31, SPSM: 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 SPSM?
First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62 positions; State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604. They have 8 holdings in common, and by portfolio weight the two funds are 1.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8SKYY holds 62 · SPSM holds 604
- Weight in Shared Holdings
- SKYY 8%·SPSM 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
54 of 62 positions (91.6% of the fund) are not held by SPSM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SKYY | SPSM |
|---|---|---|
| Information Technology | 82.6% | 12.8% |
| Financials | 0.6% | 19.0% |
| Industrials | 0.6% | 17.4% |
| Consumer Discretionary | 3.7% | 13.9% |
| Health Care | 0.6% | 10.6% |
| Other Sectors | 8.7% | 25.1% |
| Unclassified | 3.1% | 0.9% |
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 SPSM).
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% | — |
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
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 SPSM →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by PAYC, LUMN and RNG.
 PAYCPaycom Software Inc COM | 0.60% | 0.49% | 0.49% |
|---|---|---|---|
 LUMNLumen Technologies Inc COM | 3.02% | 0.31% | 0.31% |
 RNGRingCentral, Inc., Class A | 1.51% | 0.25% | 0.25% |
 BOXBox, Inc., Class A | 0.62% | 0.24% | 0.24% |
 QTWOQ2 Holdings Inc COM | 0.61% | 0.22% | 0.22% |
 FIVNFive9 Inc. COM | 0.80% | 0.12% | 0.12% |
 BLKBBlackbaud Inc COM | 0.49% | 0.09% | 0.09% |
 BLBlackline Inc COM | 0.65% | 0.08% | 0.08% |
Frequently Asked Questions
How much do SKYY and SPSM overlap?
SKYY and SPSM overlap by 1.8% of portfolio weight. They share 8 holdings (SKYY holds 62 positions and SPSM holds 604), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SKYY and SPSM?
The two portfolios are 1.8% 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 SPSM?
The largest positions held by both funds are PAYC, LUMN, RNG, BOX and QTWO. Together the top 8 shared positions account for 100% of the total overlap.
What does SKYY own that SPSM doesn't?
54 positions (91.6% of SKYY) are unique to SKYY, led by DOCN, ORCL and IBM. In the other direction, 596 positions (98.0% of SPSM) are unique to SPSM.