CL0U.DE vs. IEVD.DE
CL0U.DE (Global X Cloud Computing UCITS ETF) and IEVD.DE (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) are both Technology Equities funds - CL0U.DE tracks the Indxx Global Cloud Computing while IEVD.DE tracks the STOXX® Global Electric Vehicles & Driving Technology. Both are passively managed. Over the past 3 years, CL0U.DE returned 7.04%/yr vs 23.68%/yr for IEVD.DE. A 0.57 correlation means they provide meaningful diversification when combined. CL0U.DE charges 0.55%/yr vs 0.40%/yr for IEVD.DE.
Performance
CL0U.DE vs. IEVD.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 IEVD.DE's 58.66% return.
CL0U.DE
- 1D
- 1.66%
- 1M
- 13.48%
- YTD
- 11.61%
- 6M
- 10.17%
- 1Y
- 5.95%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
IEVD.DE
- 1D
- -1.86%
- 1M
- 20.81%
- YTD
- 58.66%
- 6M
- 58.40%
- 1Y
- 88.90%
- 3Y*
- 23.68%
- 5Y*
- 13.50%
- 10Y*
- —
CL0U.DE vs. IEVD.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% | -11.22% |
IEVD.DE iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 58.66% | 10.81% | 5.27% | 23.03% | -23.20% | -0.83% |
Correlation
The correlation between CL0U.DE and IEVD.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.57 |
Over the past year, the correlation between CL0U.DE and IEVD.DE has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
CL0U.DE vs. IEVD.DE — Risk / Return Rank
CL0U.DE
IEVD.DE
CL0U.DE vs. IEVD.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 iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.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 | IEVD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.53 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 4.17 | -3.96 |
| Martin ratioReturn relative to average drawdown | 0.51 | 9.74 | -9.23 |
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 | IEVD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 2.71 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.61 | -0.75 |
Drawdowns
CL0U.DE vs. IEVD.DE - Drawdown Comparison
The maximum CL0U.DE drawdown since its inception was -46.57%, which is greater than IEVD.DE's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for CL0U.DE and IEVD.DE.
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Drawdown Indicators
| CL0U.DE | IEVD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.57% | -42.37% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -27.28% | -21.18% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -40.10% | -30.23% | -9.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.39% | — |
Current DrawdownCurrent decline from peak | -20.30% | -1.86% | -18.44% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -10.27% | -20.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.66% | 9.09% | +2.57% |
Volatility
CL0U.DE vs. IEVD.DE - Volatility Comparison
Global X Cloud Computing UCITS ETF (CL0U.DE) and iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) have volatilities of 11.61% and 11.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CL0U.DE | IEVD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 11.17% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 19.50% | +5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 32.58% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.45% | 24.27% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.45% | 25.27% | +4.18% |
CL0U.DE vs. IEVD.DE - Expense Ratio Comparison
CL0U.DE has a 0.55% expense ratio, which is higher than IEVD.DE's 0.40% expense ratio.
Dividends
CL0U.DE vs. IEVD.DE - Dividend Comparison
Neither CL0U.DE nor IEVD.DE has paid dividends to shareholders.
Frequently Asked Questions
CL0U.DE and IEVD.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEVD.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEVD.DE is cheaper with a 0.40% expense ratio, compared with 0.55% for CL0U.DE.
CL0U.DE tracks Indxx Global Cloud Computing, while IEVD.DE tracks STOXX® Global Electric Vehicles & Driving Technology. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for CL0U.DE and 0.40% for IEVD.DE.
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