First Trust's cloud computing ETF (SKYY) is set to launch on July 6. A little backtesting shows...

|About: First Trust DJ Internet ... (FDN)|By:, SA News Editor

First Trust's cloud computing ETF (SKYY) is set to launch on July 6. A little backtesting shows its performance isn't a whole lot different than the XLK or the FDN, but SKYY will have smaller size firms, a higher beta ... and a higher expense ratio.