CLOD vs. TDV

Last updated Aug 2, 2026

CLOD (Themes Cloud Computing ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - CLOD tracks the Solactive Cloud Technology Index while TDV tracks the S&P Technology Dividend Aristocrats Index. Both are passively managed. Over the past year, CLOD returned -2.27% vs 22.50% for TDV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. CLOD charges 0.35%/yr vs 0.45%/yr for TDV.

Performance

CLOD vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOD achieves a -0.40% return, which is significantly lower than TDV's 14.99% return.

CLOD

• 1D: 1.84%
• 1M: 2.61%
• 6M: 10.30%
• YTD: -0.40%
• 1Y: -2.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.71%

TDV

• 1D: 0.75%
• 1M: -0.57%
• 6M: 11.45%
• YTD: 14.99%
• 1Y: 22.50%
• 3Y*: 14.78%
• 5Y*: 11.48%
• 10Y*: —
• ALL TIME*: 15.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLOD Themes Cloud Computing ETF	$10.26K	$13.57K	$43.79K
TDV ProShares S&P Technology Dividend Aristocrats ETF	$551.98K	$539.76K	$593.04K

CLOD vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLOD Themes Cloud Computing ETF	-0.40%	7.53%	21.03%	0.77%
TDV ProShares S&P Technology Dividend Aristocrats ETF	14.99%	16.05%	9.72%	0.15%

Correlation

The correlation between CLOD and TDV is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.62

The correlation between CLOD and TDV has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.

CLOD vs. TDV - Sectors Allocation Comparison

Sectors	CLOD	TDV
Technology	83.5%	90.3%
Consumer Cyclical	7.3%	-
Communication Services	5.9%	-
Industrials	1.5%	4.6%
Financial Services	0.8%	5.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CLOD vs. TDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLOD

CLOD Risk / Return Rank: 8
CLOD Sharpe Ratio Rank: 8
CLOD Sortino Ratio Rank: 8
CLOD Omega Ratio Rank: 8
CLOD Calmar Ratio Rank: 9
CLOD Martin Ratio Rank: 9

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 44
TDV Sortino Ratio Rank: 41
TDV Omega Ratio Rank: 42
TDV Calmar Ratio Rank: 63
TDV Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLOD vs. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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.

	CLOD	TDV	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.08	-1.27
Sortino ratio: Return per unit of downside risk	-0.09	1.54	-1.63
Omega ratio: Gain probability vs. loss probability	0.99	1.19	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.16	2.19	-2.35
Martin ratio: Return relative to average drawdown	-0.33	5.76	-6.09

CLOD vs. TDV - Sharpe Ratio Comparison

The current CLOD Sharpe Ratio is -0.19, which is lower than the TDV Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of CLOD and TDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLOD vs. TDV - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, roughly equal to the maximum TDV drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for CLOD and TDV.

Drawdown Indicators

	CLOD	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-32.78%	+1.42%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	-9.55%	-21.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Current Drawdown Current decline from peak	-10.11%	-6.97%	-3.14%
Average Drawdown Average peak-to-trough decline	-7.87%	-5.37%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.28%	3.63%	+11.65%

Volatility

CLOD vs. TDV - Volatility Comparison

Themes Cloud Computing ETF (CLOD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV) have volatilities of 6.11% and 5.85%, 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.

Volatility by Period

	CLOD	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	5.85%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	22.32%	15.38%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	26.45%	19.42%	+7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.50%	20.83%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.50%	23.27%	+1.23%

CLOD vs. TDV - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is lower than TDV's 0.45% expense ratio.

Dividends

CLOD vs. TDV - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.47%, more than TDV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CLOD Themes Cloud Computing ETF	1.47%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.06%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both CLOD and TDV in my portfolio?

CLOD and TDV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLOD or TDV?

CLOD has higher volatility (6.11%) compared to TDV (5.85%). In terms of maximum drawdown, CLOD dropped -31.36% vs TDV's -32.78%.

Which ETF is better, CLOD or TDV?

On 1-year performance, TDV leads with 22.50% vs -2.27% for CLOD. On fees, CLOD is cheaper at 0.35% per year. On volatility, TDV has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOD or TDV?

Over the 1-year period, TDV has performed better with a 22.50% return vs -2.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOD or TDV?

CLOD is cheaper with a 0.35% expense ratio, compared with 0.45% for TDV.

Which ETF pays a higher dividend yield, CLOD or TDV?

CLOD has the higher dividend yield at 1.47%, compared with 1.06% for TDV.

What is the main difference between CLOD and TDV?

CLOD tracks Solactive Cloud Technology Index, while TDV tracks S&P Technology Dividend Aristocrats Index. They also come from different issuers: Themes and ProShares. Their fees differ too: 0.35% for CLOD and 0.45% for TDV.

Which has better risk-adjusted returns?

TDV currently has the higher Sharpe Ratio (1.08 vs -0.19), 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.