CLOD vs. QQQ
Compare and contrast key facts about Themes Cloud Computing ETF (CLOD) and Invesco QQQ (QQQ).
CLOD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOD is a passively managed fund by Themes that tracks the performance of the Solactive Cloud Technology Index. It was launched on Dec 14, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CLOD and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOD or QQQ.
Correlation
The correlation between CLOD and QQQ is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLOD vs. QQQ - Performance Comparison
Key characteristics
CLOD:
1.12
QQQ:
1.44
CLOD:
1.55
QQQ:
1.95
CLOD:
1.20
QQQ:
1.26
CLOD:
1.77
QQQ:
1.94
CLOD:
4.91
QQQ:
6.71
CLOD:
4.69%
QQQ:
3.92%
CLOD:
20.52%
QQQ:
18.27%
CLOD:
-12.99%
QQQ:
-82.98%
CLOD:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, CLOD achieves a 9.51% return, which is significantly higher than QQQ's 5.27% return.
CLOD
9.51%
6.94%
23.16%
23.30%
N/A
N/A
QQQ
5.27%
3.15%
12.16%
25.73%
18.66%
18.37%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CLOD vs. QQQ - Expense Ratio Comparison
CLOD has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CLOD vs. QQQ — Risk-Adjusted Performance Rank
CLOD
QQQ
CLOD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and Invesco QQQ (QQQ). 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.
Dividends
CLOD vs. QQQ - Dividend Comparison
CLOD has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOD Themes Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CLOD vs. QQQ - Drawdown Comparison
The maximum CLOD drawdown since its inception was -12.99%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLOD and QQQ. For additional features, visit the drawdowns tool.
Volatility
CLOD vs. QQQ - Volatility Comparison
Themes Cloud Computing ETF (CLOD) and Invesco QQQ (QQQ) have volatilities of 4.91% and 5.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.