CLO.L vs. IDTW.L
CLO.L (Global X Cloud Computing UCITS ETF USD Acc) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both Technology Equities funds - CLO.L tracks the Indxx Global Cloud Computing Index while IDTW.L tracks the iShares MSCI Taiwan UCITS ETF USD (Dist). Both are passively managed. Over the past 3 years, CLO.L returned 5.16%/yr vs 39.37%/yr for IDTW.L. At a 0.44 correlation, their price movements are largely independent. CLO.L charges 0.55%/yr vs 0.74%/yr for IDTW.L.
Performance
CLO.L vs. IDTW.L - Performance Comparison
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Returns By Period
In the year-to-date period, CLO.L achieves a 6.24% return, which is significantly lower than IDTW.L's 57.81% return.
CLO.L
- 1D
- -0.25%
- 1M
- 3.75%
- 6M
- 9.87%
- YTD
- 6.24%
- 1Y
- 5.12%
- 3Y*
- 5.16%
- 5Y*
- —
- 10Y*
- —
IDTW.L
- 1D
- -1.85%
- 1M
- -6.53%
- 6M
- 50.70%
- YTD
- 57.81%
- 1Y
- 84.29%
- 3Y*
- 39.37%
- 5Y*
- 19.77%
- 10Y*
- 20.33%
CLO.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 6.24% | -6.11% | 5.66% | 44.70% | -40.70% | -13.65% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 57.81% | 31.78% | 23.61% | 28.84% | -29.55% | 7.94% |
Correlation
The correlation between CLO.L and IDTW.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.44 |
Over the past year, the correlation between CLO.L and IDTW.L has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
CLO.L vs. IDTW.L — Risk / Return Rank
CLO.L
IDTW.L
CLO.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF USD Acc (CLO.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L). 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.
| CLO.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.48 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 7.24 | -7.05 |
| Martin ratioReturn relative to average drawdown | 0.43 | 19.11 | -18.68 |
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Drawdowns
CLO.L vs. IDTW.L - Drawdown Comparison
The maximum CLO.L drawdown since its inception was -53.57%, smaller than the maximum IDTW.L drawdown of -60.07%. Use the drawdown chart below to compare losses from any high point for CLO.L and IDTW.L.
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Drawdown Indicators
| CLO.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -60.07% | +6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.63% | -11.44% | -15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -28.24% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -23.40% | -11.06% | -12.34% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -12.59% | -21.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.85% | 4.34% | +7.51% |
Volatility
CLO.L vs. IDTW.L - Volatility Comparison
The current volatility for Global X Cloud Computing UCITS ETF USD Acc (CLO.L) is 9.21%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 11.69%. This indicates that CLO.L experiences smaller price fluctuations and is considered to be less risky than IDTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLO.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 11.69% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.95% | 24.41% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.49% | 27.97% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 23.91% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.41% | 22.38% | +8.03% |
CLO.L vs. IDTW.L - Expense Ratio Comparison
CLO.L has a 0.55% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
CLO.L vs. IDTW.L - Dividend Comparison
CLO.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.96% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
Frequently Asked Questions
CLO.L and IDTW.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLO.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLO.L is cheaper with a 0.55% expense ratio, compared with 0.74% for IDTW.L.
CLO.L tracks Indxx Global Cloud Computing Index, while IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist). They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for CLO.L and 0.74% for IDTW.L.
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