CL0U.DE vs. XY7D.DE

Last updated Jun 5, 2026

CL0U.DE (Global X Cloud Computing UCITS ETF) and XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) are both exchange-traded funds - CL0U.DE is a Technology Equities fund tracking the Indxx Global Cloud Computing, while XY7D.DE is a S&P 500 fund tracking the Cboe S&P 500 BuyWrite 15% WHT. Both are passively managed. Over the past year, CL0U.DE returned 5.95% vs 11.99% for XY7D.DE. At a 0.43 correlation, their price movements are largely independent. CL0U.DE charges 0.55%/yr vs 0.45%/yr for XY7D.DE.

Performance

CL0U.DE vs. XY7D.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 Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.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 11.61% return, which is significantly higher than XY7D.DE's 4.40% return.

CL0U.DE

• 1D: 1.66%
• 1M: 13.48%
• YTD: 11.61%
• 6M: 10.17%
• 1Y: 5.95%
• 3Y*: 7.04%
• 5Y*: —
• 10Y*: —

XY7D.DE

• 1D: -1.05%
• 1M: 1.57%
• YTD: 4.40%
• 6M: 4.97%
• 1Y: 11.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CL0U.DE vs. XY7D.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CL0U.DE Global X Cloud Computing UCITS ETF	11.61%	-16.03%	11.50%	13.35%
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc	4.40%	-5.34%	25.87%	-8.30%

Correlation

The correlation between CL0U.DE and XY7D.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.43

The correlation between CL0U.DE and XY7D.DE shifts across timeframes, from 0.32 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CL0U.DE vs. XY7D.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: 12
CL0U.DE Sharpe Ratio Rank: 12
CL0U.DE Sortino Ratio Rank: 13
CL0U.DE Omega Ratio Rank: 13
CL0U.DE Calmar Ratio Rank: 12
CL0U.DE Martin Ratio Rank: 12

XY7D.DE

XY7D.DE Risk / Return Rank: 46
XY7D.DE Sharpe Ratio Rank: 39
XY7D.DE Sortino Ratio Rank: 38
XY7D.DE Omega Ratio Rank: 38
XY7D.DE Calmar Ratio Rank: 63
XY7D.DE Martin Ratio Rank: 51

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. XY7D.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 S&P 500 Covered Call UCITS ETF Inc (XY7D.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	XY7D.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.37	-1.17
Sortino ratio: Return per unit of downside risk	0.49	1.95	-1.46
Omega ratio: Gain probability vs. loss probability	1.07	1.24	-0.18
Calmar ratio: Return relative to maximum drawdown	0.22	3.08	-2.87
Martin ratio: Return relative to average drawdown	0.51	8.63	-8.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CL0U.DE vs. XY7D.DE - Sharpe Ratio Comparison

The current CL0U.DE Sharpe Ratio is 0.20, which is lower than the XY7D.DE Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of CL0U.DE and XY7D.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.

Sharpe Ratios by Period

	CL0U.DE	XY7D.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.37	-1.17
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.34	-0.48

Drawdowns

CL0U.DE vs. XY7D.DE - Drawdown Comparison

The maximum CL0U.DE drawdown since its inception was -46.57%, which is greater than XY7D.DE's maximum drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for CL0U.DE and XY7D.DE.

Drawdown Indicators

	CL0U.DE	XY7D.DE	Difference
Max Drawdown Largest peak-to-trough decline	-46.57%	-20.79%	-25.78%
Max Drawdown (1Y) Largest decline over 1 year	-27.28%	-3.87%	-23.41%
Max Drawdown (3Y) Largest decline over 3 years	-40.10%	—	—
Current Drawdown Current decline from peak	-20.30%	-5.18%	-15.12%
Average Drawdown Average peak-to-trough decline	-30.96%	-7.15%	-23.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.66%	1.39%	+10.27%

Volatility

CL0U.DE vs. XY7D.DE - Volatility Comparison

Global X Cloud Computing UCITS ETF (CL0U.DE) has a higher volatility of 11.61% compared to Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) at 1.97%. This indicates that CL0U.DE's price experiences larger fluctuations and is considered to be riskier than XY7D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CL0U.DE	XY7D.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.61%	1.97%	+9.64%
Volatility (6M) Calculated over the trailing 6-month period	25.33%	6.20%	+19.13%
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	8.71%	+20.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.45%	13.51%	+15.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.45%	13.51%	+15.94%

CL0U.DE vs. XY7D.DE - Expense Ratio Comparison

CL0U.DE has a 0.55% expense ratio, which is higher than XY7D.DE's 0.45% expense ratio.

Dividends

CL0U.DE vs. XY7D.DE - Dividend Comparison

CL0U.DE has not paid dividends to shareholders, while XY7D.DE's dividend yield for the trailing twelve months is around 6.70%.

Position	TTM	2025	2024	2023
CL0U.DE Global X Cloud Computing UCITS ETF	0.00%	0.00%	0.00%	0.00%
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc	6.70%	9.21%	7.75%	4.30%

Frequently Asked Questions

Can I hold both CL0U.DE and XY7D.DE in my portfolio?

CL0U.DE and XY7D.DE have a correlation of 0.32, 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 XY7D.DE?

On fees, XY7D.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CL0U.DE or XY7D.DE?

XY7D.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for CL0U.DE.

What is the main difference between CL0U.DE and XY7D.DE?

CL0U.DE is categorized as Technology Equities, while XY7D.DE is S&P 500. CL0U.DE tracks Indxx Global Cloud Computing, while XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT. Their fees differ too: 0.55% for CL0U.DE and 0.45% for XY7D.DE.