CLOD vs. USCF

Last updated Jun 4, 2026

CLOD (Themes Cloud Computing ETF) and USCF (Themes US Cash Flow Champions ETF) are both exchange-traded funds - CLOD is a Technology Equities fund tracking the Solactive Cloud Technology Index, while USCF is a Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index - Benchmark TR Gross. Both are passively managed. Over the past year, CLOD returned 2.49% vs 16.50% for USCF. At a 0.37 correlation, their price movements are largely independent. CLOD charges 0.35%/yr vs 0.29%/yr for USCF.

Performance

CLOD vs. USCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and Themes US Cash Flow Champions ETF (USCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOD achieves a 3.48% return, which is significantly lower than USCF's 3.99% return.

CLOD

• 1D: -3.72%
• 1M: 14.95%
• YTD: 3.48%
• 6M: 1.34%
• 1Y: 2.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCF

• 1D: -0.16%
• 1M: 1.07%
• YTD: 3.99%
• 6M: 4.77%
• 1Y: 16.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOD vs. USCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLOD Themes Cloud Computing ETF	3.48%	7.53%	21.03%	0.43%
USCF Themes US Cash Flow Champions ETF	3.99%	15.71%	17.65%	1.41%

Correlation

The correlation between CLOD and USCF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023	0.37

CLOD vs. USCF - Sectors Allocation Comparison

Sectors	CLOD	USCF
Technology	75.6%	9.7%
Consumer Cyclical	12.4%	2.7%
Communication Services	11.7%	0.6%
Industrials	1.5%	0.4%
Financial Services	0.3%	43.1%
Basic Materials	-	1.7%
Consumer Defensive	-	3.4%
Energy	-	21.1%
Healthcare	-	16.6%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

CLOD vs. USCF — Risk / Return Rank

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

CLOD

CLOD Risk / Return Rank: 10
CLOD Sharpe Ratio Rank: 10
CLOD Sortino Ratio Rank: 10
CLOD Omega Ratio Rank: 10
CLOD Calmar Ratio Rank: 10
CLOD Martin Ratio Rank: 10

USCF

USCF Risk / Return Rank: 44
USCF Sharpe Ratio Rank: 36
USCF Sortino Ratio Rank: 34
USCF Omega Ratio Rank: 37
USCF Calmar Ratio Rank: 59
USCF Martin Ratio Rank: 52

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. USCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and Themes US Cash Flow Champions ETF (USCF). 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	USCF	Difference
Sharpe ratio Return per unit of total volatility	0.10	1.29	-1.19
Sortino ratio Return per unit of downside risk	0.31	1.83	-1.52
Omega ratio Gain probability vs. loss probability	1.04	1.24	-0.20
Calmar ratio Return relative to maximum drawdown	0.08	2.88	-2.80
Martin ratio Return relative to average drawdown	0.17	8.69	-8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLOD vs. USCF - Sharpe Ratio Comparison

The current CLOD Sharpe Ratio is 0.10, which is lower than the USCF Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of CLOD and USCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLOD	USCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.29	-1.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.07	-0.53

Drawdowns

CLOD vs. USCF - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, which is greater than USCF's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for CLOD and USCF.

Drawdown Indicators

	CLOD	USCF	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-16.67%	-14.69%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	-5.75%	-25.61%
Current Drawdown Current decline from peak	-6.61%	-0.75%	-5.86%
Average Drawdown Average peak-to-trough decline	-7.51%	-2.23%	-5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	1.90%	+12.39%

Volatility

CLOD vs. USCF - Volatility Comparison

Themes Cloud Computing ETF (CLOD) has a higher volatility of 10.13% compared to Themes US Cash Flow Champions ETF (USCF) at 2.52%. This indicates that CLOD's price experiences larger fluctuations and is considered to be riskier than USCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOD	USCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	2.52%	+7.61%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	10.07%	+11.64%
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	12.82%	+12.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	15.16%	+9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	15.16%	+9.30%

CLOD vs. USCF - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is higher than USCF's 0.29% expense ratio.

Dividends

CLOD vs. USCF - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.42%, less than USCF's 1.77% yield.

Position	TTM	2025	2024
CLOD Themes Cloud Computing ETF	1.42%	1.47%	0.00%
USCF Themes US Cash Flow Champions ETF	1.77%	1.84%	1.19%

Frequently Asked Questions

Can I hold both CLOD and USCF in my portfolio?

CLOD and USCF have a correlation of 0.34, 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 USCF?

CLOD has higher volatility (10.13%) compared to USCF (2.52%). In terms of maximum drawdown, CLOD dropped -31.36% vs USCF's -16.67%.

Which ETF is better, CLOD or USCF?

On 1-year performance, USCF leads with 16.50% vs 2.49% for CLOD. On fees, USCF is cheaper at 0.29% per year. On volatility, USCF has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOD or USCF?

Over the 1-year period, USCF has performed better with a 16.50% return vs 2.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOD or USCF?

USCF is cheaper with a 0.29% expense ratio, compared with 0.35% for CLOD.

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

USCF has the higher dividend yield at 1.77%, compared with 1.42% for CLOD.

What is the main difference between CLOD and USCF?

CLOD is categorized as Technology Equities, while USCF is Large Cap Value Equities. CLOD tracks Solactive Cloud Technology Index, while USCF tracks Solactive US Cash Flow Champions Index - Benchmark TR Gross. Their fees differ too: 0.35% for CLOD and 0.29% for USCF.

Which has better risk-adjusted returns?

USCF currently has the higher Sharpe Ratio (1.29 vs 0.10), 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.