CL0U.DE vs. SPYK.DE
CL0U.DE (Global X Cloud Computing UCITS ETF) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - CL0U.DE tracks the Indxx Global Cloud Computing while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 3 years, CL0U.DE returned 4.52%/yr vs 19.72%/yr for SPYK.DE. A 0.55 correlation means they provide meaningful diversification when combined. CL0U.DE charges 0.55%/yr vs 0.18%/yr for SPYK.DE.
Performance
CL0U.DE vs. SPYK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CL0U.DE achieves a 9.12% return, which is significantly lower than SPYK.DE's 33.76% return.
CL0U.DE
- 1D
- 0.00%
- 1M
- 8.19%
- 6M
- 12.70%
- YTD
- 9.12%
- 1Y
- 9.76%
- 3Y*
- 4.52%
- 5Y*
- —
- 10Y*
- —
SPYK.DE
- 1D
- -0.38%
- 1M
- -8.38%
- 6M
- 20.16%
- YTD
- 33.76%
- 1Y
- 46.71%
- 3Y*
- 19.72%
- 5Y*
- 11.30%
- 10Y*
- 14.67%
CL0U.DE vs. SPYK.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% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 33.76% | 10.46% | 8.46% | 35.03% | -28.76% | -0.87% |
Correlation
The correlation between CL0U.DE and SPYK.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.55 |
Over the past year, the correlation between CL0U.DE and SPYK.DE has dropped to 0.30 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
CL0U.DE vs. SPYK.DE — Risk / Return Rank
CL0U.DE
SPYK.DE
CL0U.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 4.05 | -3.69 |
| Martin ratioReturn relative to average drawdown | 0.81 | 9.75 | -8.93 |
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Drawdowns
CL0U.DE vs. SPYK.DE - Drawdown Comparison
The maximum CL0U.DE drawdown since its inception was -46.57%, which is greater than SPYK.DE's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for CL0U.DE and SPYK.DE.
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Drawdown Indicators
| CL0U.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.57% | -38.45% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.28% | -11.48% | -15.80% |
Max Drawdown (3Y)Largest decline over 3 years | -40.10% | -27.02% | -13.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -22.08% | -10.96% | -11.12% |
Average DrawdownAverage peak-to-trough decline | -30.83% | -8.54% | -22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 4.62% | +7.39% |
Volatility
CL0U.DE vs. SPYK.DE - Volatility Comparison
The current volatility for Global X Cloud Computing UCITS ETF (CL0U.DE) is 9.00%, while SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a volatility of 10.14%. This indicates that CL0U.DE experiences smaller price fluctuations and is considered to be less risky than SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.00% | 10.14% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 27.06% | 22.72% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.00% | 28.02% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.54% | 26.28% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.54% | 24.27% | +5.27% |
CL0U.DE vs. SPYK.DE - Expense Ratio Comparison
CL0U.DE has a 0.55% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
CL0U.DE vs. SPYK.DE - Dividend Comparison
Neither CL0U.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
CL0U.DE and SPYK.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for CL0U.DE.
CL0U.DE tracks Indxx Global Cloud Computing, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Global X and State Street. Their fees differ too: 0.55% for CL0U.DE and 0.18% for SPYK.DE.
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