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CLOD vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CLOD vs. EUFN

Last updated Jun 23, 2026

CLOD (Themes Cloud Computing ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - CLOD is a Technology Equities fund tracking the Solactive Cloud Technology Index, while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net). Both are passively managed. Over the past year, CLOD returned -7.95% vs 34.30% for EUFN. At a 0.36 correlation, their price movements are largely independent. CLOD charges 0.35%/yr vs 0.49%/yr for EUFN.

Performance

CLOD vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLOD achieves a -8.59% return, which is significantly lower than EUFN's 8.60% return.

CLOD

1D
-2.06%
1M
-5.54%
YTD
-8.59%
6M
-10.41%
1Y
-7.95%
3Y*
—
5Y*
—
10Y*
—

EUFN

1D
0.96%
1M
5.55%
YTD
8.60%
6M
8.95%
1Y
34.30%
3Y*
34.36%
5Y*
20.23%
10Y*
14.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLOD vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023
CLOD
Themes Cloud Computing ETF		-8.59%7.53%21.03%0.77%
EUFN
iShares MSCI Europe Financials ETF		8.60%65.73%17.20%1.21%

Correlation

The correlation between CLOD and EUFN 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 (All Time)
Calculated using the full available price history since Dec 15, 2023

0.36

CLOD vs. EUFN - Sectors Allocation Comparison

Sectors
CLOD
EUFN

Technology

81.5%
1.0%

Communication Services

8.4%

-

Consumer Cyclical

6.8%
0.2%

Industrials

1.3%
0.4%

Financial Services

0.8%
97.8%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

CLOD
81.5%
EUFN
1.0%

Communication Services

CLOD
8.4%
EUFN

-

Consumer Cyclical

CLOD
6.8%
EUFN
0.2%

Industrials

CLOD
1.3%
EUFN
0.4%

Financial Services

CLOD
0.8%
EUFN
97.8%

Basic Materials

CLOD

-

EUFN

-

Consumer Defensive

CLOD

-

EUFN

-

Energy

CLOD

-

EUFN

-

Healthcare

CLOD

-

EUFN

-

Real Estate

CLOD

-

EUFN

-

Utilities

CLOD

-

EUFN

-

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Themes Cloud Computing ETF

iShares MSCI Europe Financials ETF

Often compared with CLOD:
CLOD vs. FCLDCLOD vs. QQQCLOD vs. MSTYCLOD vs. SMHCLOD vs. VGTCLOD vs. TIMECLOD vs. XLF
Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR

Return for Risk

CLOD vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLOD
CLOD Risk / Return Rank: 66
Overall Rank
CLOD Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CLOD Sortino Ratio Rank: 66
Sortino Ratio Rank
CLOD Omega Ratio Rank: 66
Omega Ratio Rank
CLOD Calmar Ratio Rank: 66
Calmar Ratio Rank
CLOD Martin Ratio Rank: 66
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 5050
Overall Rank
EUFN Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 5252
Sortino Ratio Rank
EUFN Omega Ratio Rank: 4747
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4848
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4949
Martin Ratio Rank
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.

CLOD vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and iShares MSCI Europe Financials ETF (EUFN). 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.

CLODEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.31
1.73

-2.04

Sortino ratioReturn per unit of downside risk
-0.26
2.44

-2.71

Omega ratioGain probability vs. loss probability

0.97

1.30

-0.33

Calmar ratioReturn relative to maximum drawdown

-0.25

2.33

-2.59

Martin ratioReturn relative to average drawdown

-0.55

8.16

-8.70

CLOD vs. EUFN - Sharpe Ratio Comparison

The current CLOD Sharpe Ratio is -0.31, which is lower than the EUFN Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CLOD and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CLOD vs. EUFN - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for CLOD and EUFN.

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Drawdown Indicators

CLODEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-31.36%

-53.25%

+21.89%

Max Drawdown (1Y)

Largest decline over 1 year

-31.36%

-14.77%

-16.59%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.95%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-17.51%

0.00%

-17.51%

Average Drawdown

Average peak-to-trough decline

-7.61%

-14.52%

+6.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.59%

4.22%

+10.37%

Volatility

CLOD vs. EUFN - Volatility Comparison

Themes Cloud Computing ETF (CLOD) has a higher volatility of 11.59% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.12%. This indicates that CLOD's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CLODEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.59%

6.12%

+5.47%

Volatility (6M)

Calculated over the trailing 6-month period

22.37%

17.07%

+5.30%

Volatility (1Y)

Calculated over the trailing 1-year period

25.79%

20.02%

+5.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.56%

21.86%

+2.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.56%

24.45%

+0.11%

CLOD vs. EUFN - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is lower than EUFN's 0.49% expense ratio.

Dividends

CLOD vs. EUFN - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.61%, less than EUFN's 4.23% yield.

PositionTTM20252024202320222021202020192018201720162015
CLOD
Themes Cloud Computing ETF		1.61%1.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EUFN
iShares MSCI Europe Financials ETF		4.23%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%

Frequently Asked Questions

CLOD and EUFN 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.

CLOD has higher volatility (11.59%) compared to EUFN (6.12%). In terms of maximum drawdown, CLOD dropped -31.36% vs EUFN's -53.25%.

On 1-year performance, EUFN leads with 34.30% vs -7.95% for CLOD. On fees, CLOD is cheaper at 0.35% per year. On volatility, EUFN has been the lower-risk option at 6.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, EUFN has performed better with a 34.30% return vs -7.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CLOD is cheaper with a 0.35% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 4.23%, compared with 1.61% for CLOD.

CLOD is categorized as Technology Equities, while EUFN is Financials Equities. CLOD tracks Solactive Cloud Technology Index, while EUFN tracks MSCI Europe Financials Index (Net). They also come from different issuers: Themes and iShares. Their fees differ too: 0.35% for CLOD and 0.49% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.73 vs -0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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