SKYY vs USMV: Holdings Overlap
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (SKYY: 2026-03-31, USMV: 2026-04-30). 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 USMV?
First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 18 holdings in common, and by portfolio weight the two funds are 10.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18SKYY holds 62 · USMV holds 170
- Weight in Shared Holdings
- SKYY 34%·USMV 10%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
44 of 62 positions (66.3% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | SKYY | USMV |
|---|---|---|
| Information Technology | 82.6% | 29.2% |
| Financials | 0.6% | 13.7% |
| Health Care | 0.6% | 12.7% |
| Consumer Staples | 0.0% | 9.9% |
| Communication Services | 8.7% | 5.9% |
| Other Sectors | 4.3% | 28.3% |
| 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 USMV).
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% | — |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 USMV →
Shared Holdings(18)
The top 10 shared positions account for 87% of the overlap, led by CSCO, MSFT and IBM.
 CSCOCisco Systems, Inc. COM | 2.42% | 1.80% | 1.80% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 3.50% | 1.56% | 1.56% |
 IBMInternational Business Machines Corp. COM | 3.75% | 1.11% | 1.11% |
 CRMSalesforce Inc. COM | 1.78% | 0.88% | 0.88% |
 NOWServicenow Inc COM | 1.80% | 0.69% | 0.69% |
 INTUIntuit Inc COM | 0.65% | 0.70% | 0.65% |
 ADBEAdobe Inc COM | 1.72% | 0.57% | 0.57% |
 PANWPalo Alto Networks Inc COM | 0.67% | 0.53% | 0.53% |
 ANETArista Networks Inc COM SHS | 3.41% | 0.52% | 0.52% |
 WDAYWorkday, Inc., Class A | 0.60% | 0.38% | 0.38% |
 ORCLOracle Corp. COM | 3.76% | 0.29% | 0.29% |
 ZMZoom Communications, Inc., Class A | 0.67% | 0.25% | 0.25% |
 SNOWSnowflake, Inc., Class A | 0.55% | 0.24% | 0.24% |
 AMZNAmazon.com, Inc. COM | 3.68% | 0.15% | 0.15% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.65% | 0.13% | 0.13% |
 APPApplovin Corp. COM CL A | 1.70% | 0.11% | 0.11% |
 DDOGDatadog, Inc., Class A | 0.65% | 0.06% | 0.06% |
 HUBSHubspot Inc COM | 1.71% | 0.05% | 0.05% |
Frequently Asked Questions
How much do SKYY and USMV overlap?
SKYY and USMV overlap by 10.0% of portfolio weight. They share 18 holdings (SKYY holds 62 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SKYY and USMV?
The two portfolios are 10.0% 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 USMV?
The largest positions held by both funds are CSCO, MSFT, IBM, CRM and NOW. Together the top 10 shared positions account for 87% of the total overlap.
What does SKYY own that USMV doesn't?
44 positions (66.3% of SKYY) are unique to SKYY, led by DOCN, NTNX and GOOGL. In the other direction, 152 positions (89.7% of USMV) are unique to USMV.