CLO.L vs. KROP.L
CLO.L (Global X Cloud Computing UCITS ETF USD Acc) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds from Global X - CLO.L tracks the Indxx Global Cloud Computing Index while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, CLO.L returned 5.16%/yr vs -1.04%/yr for KROP.L. At a 0.48 correlation, their price movements are largely independent. CLO.L charges 0.55%/yr vs 0.50%/yr for KROP.L.
Performance
CLO.L vs. KROP.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 KROP.L's 14.16% return.
CLO.L
- 1D
- -0.25%
- 1M
- 3.75%
- 6M
- 9.87%
- YTD
- 6.24%
- 1Y
- 5.12%
- 3Y*
- 5.16%
- 5Y*
- —
- 10Y*
- —
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
CLO.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 6.24% | -6.11% | 5.66% | 44.70% | -30.33% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between CLO.L and KROP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.48 |
Over the past year, the correlation between CLO.L and KROP.L has dropped to 0.19 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
CLO.L vs. KROP.L — Risk / Return Rank
CLO.L
KROP.L
CLO.L vs. KROP.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 Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.91 | -0.72 |
| Martin ratioReturn relative to average drawdown | 0.43 | 1.87 | -1.44 |
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Drawdowns
CLO.L vs. KROP.L - Drawdown Comparison
The maximum CLO.L drawdown since its inception was -53.57%, roughly equal to the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for CLO.L and KROP.L.
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Drawdown Indicators
| CLO.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -52.04% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -26.63% | -10.68% | -15.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -27.32% | -4.83% |
Current DrawdownCurrent decline from peak | -23.40% | -38.04% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -36.93% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.85% | 5.21% | +6.64% |
Volatility
CLO.L vs. KROP.L - Volatility Comparison
Global X Cloud Computing UCITS ETF USD Acc (CLO.L) has a higher volatility of 9.21% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that CLO.L's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 4.31% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 26.95% | 12.96% | +13.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.49% | 16.56% | +13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 21.25% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.41% | 21.25% | +9.16% |
CLO.L vs. KROP.L - Expense Ratio Comparison
CLO.L has a 0.55% expense ratio, which is higher than KROP.L's 0.50% expense ratio.
Dividends
CLO.L vs. KROP.L - Dividend Comparison
Neither CLO.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
CLO.L and KROP.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROP.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROP.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO.L.
CLO.L tracks Indxx Global Cloud Computing Index, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. Their fees differ too: 0.55% for CLO.L and 0.50% for KROP.L.
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