CLOD vs. WISE

Last updated Jun 4, 2026

CLOD (Themes Cloud Computing ETF) and WISE (Themes Generative Artificial Intelligence ETF) are both Technology Equities funds from Themes - CLOD tracks the Solactive Cloud Technology Index while WISE tracks the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. Both are passively managed. Over the past year, CLOD returned 2.49% vs 36.46% for WISE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

CLOD vs. WISE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and Themes Generative Artificial Intelligence ETF (WISE). 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 WISE's 11.03% return.

CLOD

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

WISE

• 1D: -3.13%
• 1M: 11.81%
• YTD: 11.03%
• 6M: 7.21%
• 1Y: 36.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOD vs. WISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLOD Themes Cloud Computing ETF	3.48%	7.53%	21.03%	0.43%
WISE Themes Generative Artificial Intelligence ETF	11.03%	5.88%	40.45%	2.20%

Correlation

The correlation between CLOD and WISE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023	0.72

The correlation between CLOD and WISE has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

CLOD vs. WISE - Sectors Allocation Comparison

Sectors	CLOD	WISE
Technology	75.6%	90.4%
Consumer Cyclical	12.4%	4.0%
Communication Services	11.7%	3.2%
Industrials	1.5%	1.5%
Financial Services	0.3%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.7%
Real Estate	-	-
Utilities	-	0.3%

Return for Risk

CLOD vs. WISE — 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

WISE

WISE Risk / Return Rank: 27
WISE Sharpe Ratio Rank: 31
WISE Sortino Ratio Rank: 30
WISE Omega Ratio Rank: 29
WISE Calmar Ratio Rank: 23
WISE Martin Ratio Rank: 21

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. WISE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and Themes Generative Artificial Intelligence ETF (WISE). 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	WISE	Difference
Sharpe ratio: Return per unit of total volatility	0.10	1.14	-1.04
Sortino ratio: Return per unit of downside risk	0.31	1.64	-1.33
Omega ratio: Gain probability vs. loss probability	1.04	1.20	-0.16
Calmar ratio: Return relative to maximum drawdown	0.08	1.07	-1.00
Martin ratio: Return relative to average drawdown	0.17	2.58	-2.41
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. WISE - Sharpe Ratio Comparison

The current CLOD Sharpe Ratio is 0.10, which is lower than the WISE Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of CLOD and WISE, 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	WISE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.14	-1.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.78	-0.24

Drawdowns

CLOD vs. WISE - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, smaller than the maximum WISE drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for CLOD and WISE.

Drawdown Indicators

	CLOD	WISE	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-39.15%	+7.79%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	-34.08%	+2.72%
Current Drawdown Current decline from peak	-6.61%	-5.48%	-1.13%
Average Drawdown Average peak-to-trough decline	-7.51%	-11.90%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	14.15%	+0.14%

Volatility

CLOD vs. WISE - Volatility Comparison

The current volatility for Themes Cloud Computing ETF (CLOD) is 10.13%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 10.83%. This indicates that CLOD experiences smaller price fluctuations and is considered to be less risky than WISE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOD	WISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	10.83%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	24.11%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	32.26%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	33.55%	-9.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	33.55%	-9.09%

CLOD vs. WISE - Expense Ratio Comparison

Both CLOD and WISE have an expense ratio of 0.35%.

Dividends

CLOD vs. WISE - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.42%, less than WISE's 3.71% yield.

Position	TTM	2025
CLOD Themes Cloud Computing ETF	1.42%	1.47%
WISE Themes Generative Artificial Intelligence ETF	3.71%	4.12%

Frequently Asked Questions

Can I hold both CLOD and WISE in my portfolio?

CLOD and WISE have a correlation of 0.63, 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 WISE?

WISE has higher volatility (10.83%) compared to CLOD (10.13%). In terms of maximum drawdown, CLOD dropped -31.36% vs WISE's -39.15%.

Which ETF is better, CLOD or WISE?

On 1-year performance, WISE leads with 36.46% vs 2.49% for CLOD. Both ETFs have the same 0.35% expense ratio. On volatility, CLOD has been the lower-risk option at 10.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOD or WISE?

Over the 1-year period, WISE has performed better with a 36.46% 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 WISE?

CLOD and WISE have the same expense ratio: 0.35% per year.

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

WISE has the higher dividend yield at 3.71%, compared with 1.42% for CLOD.

What is the main difference between CLOD and WISE?

CLOD tracks Solactive Cloud Technology Index, while WISE tracks Solactive Generative Artificial Intelligence Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

WISE currently has the higher Sharpe Ratio (1.14 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.