SKYY’s worst drop since 2011 was 53%
First Trust Cloud Computing ETF (SKYY) fell 53% from Nov 2021 to Dec 2022. It took 3.0 years from that peak to close at a new high, in Nov 2024. Over the same years the S&P 500 fell as much as 34%.
That drop ranks 99th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2011 to now
How SKYY held up in each crash
| Crash | Years | SKYY | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −33.0% | −33.7% |
| 2022 rate shock | 2022 | −46.3% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was SKYY’s maximum drawdown?
SKYY’s deepest fall since 2011 was 53.2%, from its high on November 16, 2021 to its low on December 28, 2022. The figure uses daily prices with dividends reinvested.
How long did SKYY take to recover?
3.0 years. SKYY first closed above its Nov 2021 high again on November 11, 2024.
Was SKYY riskier than the S&P 500?
Over the same years, SKYY’s worst drop was 53.2% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −52.7% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, July 7, 2011 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.