CLOU vs. ARMH

Last updated Jun 3, 2026

CLOU (Global X Cloud Computing ETF) and ARMH (Arm Holdings PLC ADRhedged ETF) are both Technology Equities funds. CLOU is passively managed, while ARMH is actively managed. With a 1.00 correlation, they move nearly in lockstep. CLOU charges 0.68%/yr vs 0.19%/yr for ARMH.

Performance

CLOU vs. ARMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cloud Computing ETF (CLOU) and Arm Holdings PLC ADRhedged ETF (ARMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOU

• 1D: -2.81%
• 1M: 21.81%
• YTD: 13.35%
• 6M: 13.05%
• 1Y: 11.58%
• 3Y*: 10.56%
• 5Y*: 0.30%
• 10Y*: —

ARMH

• 1D: -1.61%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOU vs. ARMH - Yearly Performance Comparison

	2026 (YTD)
CLOU Global X Cloud Computing ETF	11.48%
ARMH Arm Holdings PLC ADRhedged ETF	19.57%

Correlation

The correlation between CLOU and ARMH is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

CLOU vs. ARMH — Risk / Return Rank

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

CLOU

CLOU Risk / Return Rank: 15
CLOU Sharpe Ratio Rank: 15
CLOU Sortino Ratio Rank: 16
CLOU Omega Ratio Rank: 16
CLOU Calmar Ratio Rank: 14
CLOU Martin Ratio Rank: 13

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.

CLOU vs. ARMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and Arm Holdings PLC ADRhedged ETF (ARMH). 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.

	CLOU	ARMH	Difference
Sharpe ratio Return per unit of total volatility	0.40	—	—
Sortino ratio Return per unit of downside risk	0.75	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.44	—	—
Martin ratio Return relative to average drawdown	1.09	—	—
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

	CLOU	ARMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	3,027,052.54	-3,027,052.28

Drawdowns

CLOU vs. ARMH - Drawdown Comparison

The maximum CLOU drawdown since its inception was -53.74%, which is greater than ARMH's maximum drawdown of -1.61%. Use the drawdown chart below to compare losses from any high point for CLOU and ARMH.

Drawdown Indicators

	CLOU	ARMH	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-1.61%	-52.13%
Max Drawdown (1Y) Largest decline over 1 year	-27.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.74%	—	—
Current Drawdown Current decline from peak	-18.82%	-1.61%	-17.21%
Average Drawdown Average peak-to-trough decline	-24.42%	-0.54%	-23.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	—	—

Volatility

Volatility by Period

	CLOU	ARMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.26%	134.17%	-104.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.53%	134.17%	-103.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.77%	134.17%	-103.40%

CLOU vs. ARMH - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is higher than ARMH's 0.19% expense ratio.

Dividends

CLOU vs. ARMH - Dividend Comparison

Neither CLOU nor ARMH has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARMH Arm Holdings PLC ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CLOU Global X Cloud Computing ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.76%	0.00%	0.05%

Frequently Asked Questions

Can I hold both CLOU and ARMH in my portfolio?

With a correlation of 1.00, CLOU and ARMH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CLOU or ARMH?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOU or ARMH?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.68% for CLOU.

Which ETF pays a higher dividend yield, CLOU or ARMH?

CLOU and ARMH have nearly identical dividend yields, around 0.00%.

What is the main difference between CLOU and ARMH?

They also come from different issuers: Global X and Precidian. Their fees differ too: 0.68% for CLOU and 0.19% for ARMH.