CL0U.DE vs. DR7E.DE
CL0U.DE (Global X Cloud Computing UCITS ETF) and DR7E.DE (Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating) are both Technology Equities funds from Global X - CL0U.DE tracks the Indxx Global Cloud Computing while DR7E.DE tracks the Solactive Autonomous & Electric Vehicles. Both are passively managed. Over the past 3 years, CL0U.DE returned 7.04%/yr vs 18.20%/yr for DR7E.DE. A 0.63 correlation means they provide meaningful diversification when combined. CL0U.DE charges 0.55%/yr vs 0.50%/yr for DR7E.DE.
Performance
CL0U.DE vs. DR7E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CL0U.DE achieves a 11.61% return, which is significantly lower than DR7E.DE's 41.08% return.
CL0U.DE
- 1D
- 1.66%
- 1M
- 15.27%
- YTD
- 11.61%
- 6M
- 8.93%
- 1Y
- 5.03%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
DR7E.DE
- 1D
- -1.47%
- 1M
- 7.64%
- YTD
- 41.08%
- 6M
- 38.98%
- 1Y
- 84.37%
- 3Y*
- 18.20%
- 5Y*
- —
- 10Y*
- —
CL0U.DE vs. DR7E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CL0U.DE Global X Cloud Computing UCITS ETF | 11.61% | -16.03% | 11.50% | 40.13% | -36.85% | -12.02% |
DR7E.DE Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating | 41.08% | 15.37% | 0.76% | 23.30% | -30.28% | -2.43% |
Correlation
The correlation between CL0U.DE and DR7E.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.63 |
Over the past year, the correlation between CL0U.DE and DR7E.DE has dropped to 0.33 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
CL0U.DE vs. DR7E.DE — Risk / Return Rank
CL0U.DE
DR7E.DE
CL0U.DE vs. DR7E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF (CL0U.DE) and Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DR7E.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CL0U.DE | DR7E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.57 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 8.52 | -8.30 |
| Martin ratioReturn relative to average drawdown | 0.51 | 24.61 | -24.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CL0U.DE | DR7E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 3.67 | -3.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.29 | -0.43 |
Drawdowns
CL0U.DE vs. DR7E.DE - Drawdown Comparison
The maximum CL0U.DE drawdown since its inception was -46.57%, which is greater than DR7E.DE's maximum drawdown of -40.66%. Use the drawdown chart below to compare losses from any high point for CL0U.DE and DR7E.DE.
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Drawdown Indicators
| CL0U.DE | DR7E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.57% | -40.66% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -27.28% | -9.95% | -17.33% |
Max Drawdown (3Y)Largest decline over 3 years | -40.10% | -33.99% | -6.11% |
Current DrawdownCurrent decline from peak | -20.30% | -2.08% | -18.22% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -18.33% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.66% | 3.45% | +8.21% |
Volatility
CL0U.DE vs. DR7E.DE - Volatility Comparison
Global X Cloud Computing UCITS ETF (CL0U.DE) has a higher volatility of 11.61% compared to Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DR7E.DE) at 9.64%. This indicates that CL0U.DE's price experiences larger fluctuations and is considered to be riskier than DR7E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CL0U.DE | DR7E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 9.64% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 16.91% | +8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 23.14% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.45% | 25.01% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.45% | 25.01% | +4.44% |
CL0U.DE vs. DR7E.DE - Expense Ratio Comparison
CL0U.DE has a 0.55% expense ratio, which is higher than DR7E.DE's 0.50% expense ratio.
Dividends
CL0U.DE vs. DR7E.DE - Dividend Comparison
Neither CL0U.DE nor DR7E.DE has paid dividends to shareholders.
Frequently Asked Questions
CL0U.DE and DR7E.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DR7E.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DR7E.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for CL0U.DE.
CL0U.DE tracks Indxx Global Cloud Computing, while DR7E.DE tracks Solactive Autonomous & Electric Vehicles. Their fees differ too: 0.55% for CL0U.DE and 0.50% for DR7E.DE.
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