CLOU vs. SIXH
CLOU (Global X Cloud Computing ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - CLOU is a Technology Equities fund tracking the Indxx Global Cloud Computing Index, while SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. CLOU is passively managed, while SIXH is actively managed. Over the past 5 years, CLOU returned -5.18%/yr vs 9.64%/yr for SIXH. At a 0.19 correlation, their price movements are largely independent. CLOU charges 0.68%/yr vs 0.87%/yr for SIXH.
Performance
CLOU vs. SIXH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CLOU achieves a -4.95% return, which is significantly lower than SIXH's 10.10% return.
CLOU
- 1D
- 0.42%
- 1M
- -5.99%
- YTD
- -4.95%
- 6M
- -5.99%
- 1Y
- -5.37%
- 3Y*
- 3.57%
- 5Y*
- -5.18%
- 10Y*
- —
SIXH
- 1D
- 0.45%
- 1M
- 1.32%
- YTD
- 10.10%
- 6M
- 10.25%
- 1Y
- 13.45%
- 3Y*
- 13.36%
- 5Y*
- 9.64%
- 10Y*
- —
CLOU vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | -4.95% | -5.59% | 5.74% | 41.36% | -39.56% | -3.27% | 49.12% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 10.10% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between CLOU and SIXH is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.19 |
The correlation between CLOU and SIXH shifts across timeframes, from -0.07 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLOU vs. SIXH — Risk / Return Rank
CLOU
SIXH
CLOU vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLOU | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 3.09 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.47 | 7.85 | -8.31 |
Loading charts...
Drawdowns
CLOU vs. SIXH - Drawdown Comparison
The maximum CLOU drawdown since its inception was -53.74%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for CLOU and SIXH.
Loading charts...
Drawdown Indicators
| CLOU | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -11.68% | -42.06% |
Max Drawdown (1Y)Largest decline over 1 year | -27.24% | -4.36% | -22.88% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -9.10% | -24.08% |
Max Drawdown (5Y)Largest decline over 5 years | -53.74% | -11.68% | -42.06% |
Current DrawdownCurrent decline from peak | -31.93% | -0.02% | -31.91% |
Average DrawdownAverage peak-to-trough decline | -24.43% | -1.84% | -22.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.46% | 1.72% | +9.74% |
Volatility
CLOU vs. SIXH - Volatility Comparison
Global X Cloud Computing ETF (CLOU) has a higher volatility of 13.72% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.29%. This indicates that CLOU's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CLOU | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.72% | 2.29% | +11.43% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 6.08% | +19.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.89% | 7.67% | +22.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 10.37% | +20.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.76% | 10.12% | +20.64% |
CLOU vs. SIXH - Expense Ratio Comparison
CLOU has a 0.68% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
CLOU vs. SIXH - Dividend Comparison
CLOU has not paid dividends to shareholders, while SIXH's dividend yield for the trailing twelve months is around 1.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.05% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% |
Frequently Asked Questions
CLOU and SIXH have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOU has higher volatility (13.72%) compared to SIXH (2.29%). In terms of maximum drawdown, CLOU dropped -53.74% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.64% vs -5.18% for CLOU. On fees, CLOU is cheaper at 0.68% per year. On volatility, SIXH has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIXH has performed better with a 9.64% return vs -5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLOU is cheaper with a 0.68% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 0.00% for CLOU.
CLOU is categorized as Technology Equities, while SIXH is Volatility Hedged Equity. They also come from different issuers: Global X and Exchange Traded Concepts. Their fees differ too: 0.68% for CLOU and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.76 vs -0.18), 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.
Find the right allocation for CLOU and SIXH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer