CLO6.L vs. ^GSPC
CLO6.L (Global X Cloud Computing UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, CLO6.L returned 7.19%/yr vs 18.03%/yr for ^GSPC. At a 0.39 correlation, their price movements are largely independent.
Performance
CLO6.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CLO6.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CLO6.L having a 10.85% return and ^GSPC slightly higher at 11.24%.
CLO6.L
- 1D
- 1.79%
- 1M
- 13.77%
- YTD
- 10.85%
- 6M
- 9.37%
- 1Y
- 9.05%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 5.44%
- YTD
- 11.24%
- 6M
- 9.84%
- 1Y
- 28.25%
- 3Y*
- 18.03%
- 5Y*
- 13.60%
- 10Y*
- 14.50%
CLO6.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLO6.L Global X Cloud Computing UCITS ETF | 10.85% | -12.30% | 7.37% | 36.74% | -34.03% | -14.62% |
^GSPC S&P 500 Index | 11.24% | 8.10% | 25.46% | 18.02% | -9.86% | 1.58% |
Correlation
The correlation between CLO6.L and ^GSPC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.39 |
The correlation between CLO6.L and ^GSPC shifts across timeframes, from 0.27 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CLO6.L vs. ^GSPC — Risk / Return Rank
CLO6.L
^GSPC
CLO6.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF (CLO6.L) and S&P 500 Index (^GSPC). 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.
| CLO6.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 3.53 | -3.21 |
| Martin ratioReturn relative to average drawdown | 0.76 | 13.19 | -12.43 |
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
| CLO6.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.46 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.58 | -0.74 |
Drawdowns
CLO6.L vs. ^GSPC - Drawdown Comparison
The maximum CLO6.L drawdown since its inception was -45.50%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for CLO6.L and ^GSPC.
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Drawdown Indicators
| CLO6.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -37.07% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -8.03% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -37.31% | -22.15% | -15.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -19.62% | 0.00% | -19.62% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -5.32% | -25.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 2.15% | +9.74% |
Volatility
CLO6.L vs. ^GSPC - Volatility Comparison
Global X Cloud Computing UCITS ETF (CLO6.L) has a higher volatility of 11.40% compared to S&P 500 Index (^GSPC) at 2.60%. This indicates that CLO6.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLO6.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.40% | 2.60% | +8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 8.20% | +16.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 11.52% | +16.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 15.85% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 18.15% | +10.40% |
Frequently Asked Questions
CLO6.L and ^GSPC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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