CL0U.DE vs. EQEU.DE

Last updated Jul 17, 2026

CL0U.DE (Global X Cloud Computing UCITS ETF) and EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) are both exchange-traded funds - CL0U.DE is a Technology Equities fund tracking the Indxx Global Cloud Computing, while EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 3 years, CL0U.DE returned 4.52%/yr vs 20.16%/yr for EQEU.DE. A 0.65 correlation means they provide meaningful diversification when combined. CL0U.DE charges 0.55%/yr vs 0.35%/yr for EQEU.DE.

Performance

CL0U.DE vs. EQEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Cloud Computing UCITS ETF (CL0U.DE) and Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CL0U.DE achieves a 9.12% return, which is significantly lower than EQEU.DE's 10.29% return.

CL0U.DE

• 1D: 0.00%
• 1M: 8.19%
• 6M: 12.70%
• YTD: 9.12%
• 1Y: 9.76%
• 3Y*: 4.52%
• 5Y*: —
• 10Y*: —

EQEU.DE

• 1D: -2.27%
• 1M: -5.16%
• 6M: 10.35%
• YTD: 10.29%
• 1Y: 20.89%
• 3Y*: 20.16%
• 5Y*: 11.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CL0U.DE vs. EQEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CL0U.DE Global X Cloud Computing UCITS ETF	9.12%	-16.03%	11.50%	40.13%	-36.85%	-11.07%
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged	10.29%	18.24%	24.15%	51.95%	-36.56%	2.19%

Correlation

The correlation between CL0U.DE and EQEU.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.65

Over the past year, the correlation between CL0U.DE and EQEU.DE has dropped to 0.38 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

CL0U.DE vs. EQEU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CL0U.DE

CL0U.DE Risk / Return Rank: 15
CL0U.DE Sharpe Ratio Rank: 15
CL0U.DE Sortino Ratio Rank: 15
CL0U.DE Omega Ratio Rank: 16
CL0U.DE Calmar Ratio Rank: 14
CL0U.DE Martin Ratio Rank: 14

EQEU.DE

EQEU.DE Risk / Return Rank: 42
EQEU.DE Sharpe Ratio Rank: 42
EQEU.DE Sortino Ratio Rank: 42
EQEU.DE Omega Ratio Rank: 40
EQEU.DE Calmar Ratio Rank: 43
EQEU.DE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CL0U.DE vs. EQEU.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 Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CL0U.DE	EQEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.32	1.19	-0.87
Sortino ratio: Return per unit of downside risk	0.65	1.76	-1.11
Omega ratio: Gain probability vs. loss probability	1.09	1.21	-0.13
Calmar ratio: Return relative to maximum drawdown	0.36	1.73	-1.37
Martin ratio: Return relative to average drawdown	0.81	5.66	-4.84

CL0U.DE vs. EQEU.DE - Sharpe Ratio Comparison

The current CL0U.DE Sharpe Ratio is 0.32, which is lower than the EQEU.DE Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of CL0U.DE and EQEU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CL0U.DE vs. EQEU.DE - Drawdown Comparison

The maximum CL0U.DE drawdown since its inception was -46.57%, which is greater than EQEU.DE's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for CL0U.DE and EQEU.DE.

Drawdown Indicators

	CL0U.DE	EQEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-46.57%	-37.97%	-8.60%
Max Drawdown (1Y) Largest decline over 1 year	-27.28%	-12.02%	-15.26%
Max Drawdown (3Y) Largest decline over 3 years	-40.10%	-22.08%	-18.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.97%	—
Current Drawdown Current decline from peak	-22.08%	-6.95%	-15.13%
Average Drawdown Average peak-to-trough decline	-30.83%	-7.91%	-22.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.01%	3.68%	+8.33%

Volatility

CL0U.DE vs. EQEU.DE - Volatility Comparison

Global X Cloud Computing UCITS ETF (CL0U.DE) has a higher volatility of 9.00% compared to Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) at 6.21%. This indicates that CL0U.DE's price experiences larger fluctuations and is considered to be riskier than EQEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CL0U.DE	EQEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	6.21%	+2.79%
Volatility (6M) Calculated over the trailing 6-month period	27.06%	13.90%	+13.16%
Volatility (1Y) Calculated over the trailing 1-year period	31.00%	17.56%	+13.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.54%	21.05%	+8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.54%	20.98%	+8.56%

CL0U.DE vs. EQEU.DE - Expense Ratio Comparison

CL0U.DE has a 0.55% expense ratio, which is higher than EQEU.DE's 0.35% expense ratio.

Dividends

CL0U.DE vs. EQEU.DE - Dividend Comparison

Neither CL0U.DE nor EQEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CL0U.DE and EQEU.DE in my portfolio?

CL0U.DE and EQEU.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CL0U.DE or EQEU.DE?

On fees, EQEU.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CL0U.DE or EQEU.DE?

EQEU.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for CL0U.DE.

What is the main difference between CL0U.DE and EQEU.DE?

CL0U.DE is categorized as Technology Equities, while EQEU.DE is Nasdaq-100. CL0U.DE tracks Indxx Global Cloud Computing, while EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.55% for CL0U.DE and 0.35% for EQEU.DE.