CLOD vs. TRUT

Last updated Apr 1, 2026

Compare and contrast key facts about Themes Cloud Computing ETF (CLOD) and Vaneck Technology Trusector ETF (TRUT).

CLOD and TRUT 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. TRUT is an actively managed fund by VanEck. It was launched on Aug 20, 2025.

Performance

CLOD vs. TRUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and Vaneck Technology Trusector ETF (TRUT). The values are adjusted to include any dividend payments, if applicable.

CLOD vs. TRUT - Yearly Performance Comparison

	2026 (YTD)	2025
CLOD Themes Cloud Computing ETF	-20.84%	0.15%
TRUT Vaneck Technology Trusector ETF	-9.61%	10.16%

Returns By Period

In the year-to-date period, CLOD achieves a -20.84% return, which is significantly lower than TRUT's -9.61% return.

CLOD

• 1D: 3.17%
• 1M: -2.62%
• YTD: -20.84%
• 6M: -26.88%
• 1Y: -8.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRUT

• 1D: 4.20%
• 1M: -3.85%
• YTD: -9.61%
• 6M: -8.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOD vs. TRUT - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is higher than TRUT's 0.13% expense ratio.

CLOD

Themes Cloud Computing ETF

TRUT

Vaneck Technology Trusector ETF

Return for Risk

CLOD vs. TRUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOD

CLOD Risk / Return Rank: 6
CLOD Sharpe Ratio Rank: 6
CLOD Sortino Ratio Rank: 6
CLOD Omega Ratio Rank: 6
CLOD Calmar Ratio Rank: 7
CLOD Martin Ratio Rank: 6

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. TRUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and Vaneck Technology Trusector ETF (TRUT). 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.

	CLOD	TRUT	Difference
Sharpe ratio Return per unit of total volatility	-0.32	—	—
Sortino ratio Return per unit of downside risk	-0.28	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.29	—	—
Martin ratio Return relative to average drawdown	-0.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLOD	TRUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.03	+0.10

Correlation

The correlation between CLOD and TRUT is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CLOD vs. TRUT - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.85%, more than TRUT's 0.15% yield.

	TTM	2025
CLOD Themes Cloud Computing ETF	1.85%	1.47%
TRUT Vaneck Technology Trusector ETF	0.15%	0.14%

Drawdowns

CLOD vs. TRUT - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for CLOD and TRUT.

Drawdown Indicators

	CLOD	TRUT	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-18.55%	-12.81%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	—	—
Current Drawdown Current decline from peak	-28.56%	-15.13%	-13.43%
Average Drawdown Average peak-to-trough decline	-6.63%	-5.79%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.66%	—	—

Volatility

Volatility by Period

	CLOD	TRUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.53%	21.41%	+4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	21.41%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.49%	21.41%	+2.08%