CLOU vs. QQQ
Compare and contrast key facts about Global X Cloud Computing ETF (CLOU) and Invesco QQQ (QQQ).
CLOU and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOU is a passively managed fund by Global X that tracks the performance of the Indxx Global Cloud Computing Index. It was launched on Apr 12, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CLOU and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOU or QQQ.
Key characteristics
| CLOU | QQQ | |
|---|---|---|
| YTD Return | -4.50% | 20.71% |
| 1Y Return | 17.29% | 34.23% |
| 3Y Return (Ann) | -10.80% | 8.03% |
| 5Y Return (Ann) | 8.87% | 20.54% |
| Sharpe Ratio | 0.78 | 2.02 |
| Sortino Ratio | 1.16 | 2.66 |
| Omega Ratio | 1.15 | 1.36 |
| Calmar Ratio | 0.39 | 2.57 |
| Martin Ratio | 1.35 | 9.35 |
| Ulcer Index | 11.84% | 3.72% |
| Daily Std Dev | 20.57% | 17.23% |
| Max Drawdown | -52.92% | -82.98% |
| Current Drawdown | -30.26% | -2.00% |
Correlation
The correlation between CLOU and QQQ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLOU vs. QQQ - Performance Comparison
In the year-to-date period, CLOU achieves a -4.50% return, which is significantly lower than QQQ's 20.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLOU vs. QQQ - Expense Ratio Comparison
CLOU has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CLOU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and Invesco QQQ (QQQ). 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.
Dividends
CLOU vs. QQQ - Dividend Comparison
CLOU has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CLOU vs. QQQ - Drawdown Comparison
The maximum CLOU drawdown since its inception was -52.92%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLOU and QQQ. For additional features, visit the drawdowns tool.
Volatility
CLOU vs. QQQ - Volatility Comparison
The current volatility for Global X Cloud Computing ETF (CLOU) is 4.01%, while Invesco QQQ (QQQ) has a volatility of 4.50%. This indicates that CLOU experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.