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CLOD vs CLOU

Themes Cloud Computing ETF

CLODCNasdaq

Global X Cloud Computing ETF

CLOUDNasdaq

Overlap

Expense ratio

CLOD −0.33pt a year

CLOD0.35%CLOU0.68%

Avg volume · 30D

CLOU 759.6×the volume

CLOD484CLOU368K

CLOD vs CLOU Performance

Oct 31, 2025 – Oct 30, 2026

−6.5%CLOD+16.3%CLOU

Oct 31, 2025 to Oct 30, 2026. CLOD −6.5%. CLOU +16.3%. Use the arrow keys to read each point.−30%−20%0%30%Oct 2025Apr 2026Oct 2026
Expense ratio
CLOD 0.35%, better
CLOU 0.68%
Fund size
CLOD $2M
CLOU $399M
1Y total return
CLOD −6.5%
CLOU +16.3%, better
Yield (12M)
CLOD No data
CLOU 0.00%
Holdings
CLOD 56
CLOU 38
Avg volume (30D)
CLOD 484 sh
CLOU 368K sh, better
NAV per share
CLOD $33.37
CLOU $28.06
52W range

ETF.net Grade

CLOD: Cost 87, Risk 46, Mission 94, Tradability 30, Holdings 51, Durability 31. CLOU: Cost 17, Risk 41, Mission not scored, Tradability 50, Holdings 41, Durability 71.
Pillar letters and Scores for CLOD, CLOU, with each pillar’s weight
PillarCLODCLOU
Cost30% weightA87HigherF17
Mission25% weightA94Not scored
Risk15% weightC46HigherC41
Tradability15% weightD30C50Higher
Holdings10% weightC51HigherC41
Durability5% weightD31A71Higher

Rank among Cloud & Software funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CLOD and CLOU are both graded against the same 5 Cloud & Software funds, so their Grades compare head to head.

Cloud & Software⁠

Category · 5 funds
See all 5 ›

CLOD ranks 4th and CLOU 5th of 5 funds in the Cloud & Software Category.

  1. Rank 1BFCLDFidelity Cloud Computing ETFScore 60
  2. Rank 2BSKYYFirst Trust Cloud Computing ETFScore 58
  3. Rank 3BWCLDWisdomTree Cloud Computing FundScore 57
  4. Rank 4CCLODThemes Cloud Computing ETFScore 40
  5. Rank 5DCLOUGlobal X Cloud Computing ETFScore 35

Our read on each fund

ETF.net Research

CLODCThemes Cloud Computing ETF

CLOUDGlobal X Cloud Computing ETF

In short

CLOD Cloud computing, stripped down to the cheap version: about 50 names from the Solactive Cloud Computing Index for 0.35% a year. The trade-off is scale, since this is a small, thinly traded fund next to the category's veterans.

CLOU Most cloud funds buy the software. CLOU also buys the buildings: its index reaches SaaS, PaaS and IaaS names plus data-center REITs and edge hardware, in a compact global basket. The wider net comes at a premium fee.

Stated mandate

CLOD The fund passively seeks to track, before fees and expenses, an index of companies operating in cloud computing. It generally invests at least 80% of its assets in index constituents or related ADRs and GDRs.

CLOU The fund seeks to track, before fees and expenses, the Indxx Global Cloud Computing Index. The index covers companies positioned to benefit from cloud adoption through SaaS, PaaS, IaaS, managed storage, data-center REITs, and cloud or edge infrastructure and hardware.

Why people hold it

  • CLOD At 0.35% a year it prices below the typical cloud ETF, and under bigger rivals like SKYY and WCLD for broadly similar shelf space.themesetfs.com
  • No stock-picking drama. It passively tracks the Solactive Cloud Computing Index and keeps at least 80% of assets in that basket or related depositary receipts.themesetfs.com
  • It has stayed close to the index it advertises, which is the entire job description for a passive fund.
  • CLOU The index spans SaaS, PaaS and IaaS plus managed storage, data-center REITs and cloud or edge infrastructure and hardware, so you hold the cloud's landlords alongside its tenants.globalxetfs.com
  • Global mandate, not US-only, so cloud names listed outside the States can make the cut.globalxetfs.com
  • Live since 2019 and built around roughly 40 stocks: a multi-year record rather than a backtest, in a basket tight enough that each name matters.

Worth knowing

  • CLOD A small asset base and light trading mean wider spreads than the category heavyweights. Some of the fee savings can come back out at the trade.
  • Launched December 2023, so the track record is short beside the long-standing cloud funds.
  • About 50 developed-market stocks in one theme. It moves with enterprise software sentiment, not the broad market.
  • CLOU At 0.68% a year, this is the expensive lane to the theme. The cloud group's median is 0.49%, and CLOD (0.35%) and FCLD (0.39%) sit well underneath.
  • The REIT and hardware sleeves trade on different drivers than software, so CLOU can drift from pure-software cloud funds in either direction.
  • On our review it sits in the back of the cloud pack, mostly on cost, with FCLD, WCLD and SKYY rating higher.

Full CLOD profile⁠

Full CLOU profile⁠

CLOD vs CLOU Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CLOD vs CLOU Cost

Overpaying CLOU vs CLOD

$6,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CLOD 0.35%

    $7,126

  • CLOU 0.68%

    $13,252

$10,000
30 years

Cost over time

  • CLOD 0.35%
  • CLOU 0.68%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CLOU $13,252CLOD $7,126

Year by year

YearCLODCLOUOverpaying
10$634$1,215$581
20$2,454$4,633$2,179
30$7,126$13,252$6,126

Expense ratio

  • 0.35%CLOD, cheaper
  • 0.68%CLOU
  • Middle half of Cloud & Software funds
  • Median 0.45%

CLOD cheapest of 5 funds

CLOU 5th cheapest of 5 funds

CLOD vs CLOU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLOD No data
CLOU 0.00%
Payout (12M)
CLOD No data
CLOU None
Last payment
CLOD $0.48
CLOU No data
Ex-dividend
CLOD Dec 18, 2025
CLOU No data
Paid on
CLOD Dec 19, 2025
CLOU No data
Frequency
CLOD Irregular
CLOU No data

Distribution history

Per share, 2019 to 2026, same scale for both

CLODIrregular · 1 paymentAll CLOD payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 18, 2025 $0.48. Use the arrow keys to read each point.$0$0.50202020232026YTD
CLOU2 paymentsAll CLOU payments⁠
One bar per payment. 2 payments from 2019 to 2026 YTD. Dec 30, 2019 $0.0076; Dec 30, 2021 $0.47. Use the arrow keys to read each point.$0$0.50202020232026YTD

CLOD vs CLOU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CLOD 24.2%since Jan 2024CLOU 26.3%
Return per unit of riskSharpe ratio, 3 years
CLOD 0.35since Jan 2024CLOU 0.53
Worst fallMax drawdown, 5 years
CLOD −31.4%since Dec 2023CLOU −53.8%
Market sensitivityBeta, 5 years
CLOD 1.15CLOU 1.08

Popular comparisons

  • CLODCvsFCLDB

    Themes Cloud Computing ETF · Fidelity Cloud Computing ETF

    Expense ratio
    0.35% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOUDvsFCLDB

    Global X Cloud Computing ETF · Fidelity Cloud Computing ETF

    Expense ratio
    0.68% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLODCvsSKYYB

    Themes Cloud Computing ETF · First Trust Cloud Computing ETF

    Expense ratio
    0.35% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOUDvsSKYYB

    Global X Cloud Computing ETF · First Trust Cloud Computing ETF

    Expense ratio
    0.68% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLODCvsWCLDB

    Themes Cloud Computing ETF · WisdomTree Cloud Computing Fund

    Expense ratio
    0.35% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOUDvsWCLDB

    Global X Cloud Computing ETF · WisdomTree Cloud Computing Fund

    Expense ratio
    0.68% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.