CLOU vs. TECB

Last updated Jul 14, 2026

CLOU (Global X Cloud Computing ETF) and TECB (iShares U.S. Tech Breakthrough Multisector ETF) are both Technology Equities funds - CLOU tracks the Indxx Global Cloud Computing Index while TECB tracks the NYSE FactSet U.S. Tech Breakthrough Index. Both are passively managed. Over the past 5 years, CLOU returned -2.77%/yr vs 12.42%/yr for TECB. Their correlation of 0.83 suggests significant overlap in exposure. CLOU charges 0.68%/yr vs 0.40%/yr for TECB.

Performance

CLOU vs. TECB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cloud Computing ETF (CLOU) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOU achieves a 6.59% return, which is significantly lower than TECB's 17.53% return.

CLOU

• 1D: 1.49%
• 1M: 6.21%
• 6M: 5.93%
• YTD: 6.59%
• 1Y: 7.16%
• 3Y*: 5.20%
• 5Y*: -2.77%
• 10Y*: —

TECB

• 1D: -0.92%
• 1M: 2.13%
• 6M: 15.57%
• YTD: 17.53%
• 1Y: 25.43%
• 3Y*: 22.95%
• 5Y*: 12.42%
• 10Y*: —

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

CLOU vs. TECB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CLOU Global X Cloud Computing ETF	6.59%	-5.59%	5.74%	41.36%	-39.56%	-3.27%	66.87%
TECB iShares U.S. Tech Breakthrough Multisector ETF	17.53%	14.86%	24.38%	57.53%	-34.39%	19.60%	39.90%

Correlation

The correlation between CLOU and TECB is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 10, 2020	0.83

The correlation between CLOU and TECB shifts across timeframes, from 0.65 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

CLOU vs. TECB - Sectors Allocation Comparison

Sectors	CLOU	TECB
Technology	90.7%	64.3%
Communication Services	4.0%	10.8%
Real Estate	3.2%	1.7%
Consumer Cyclical	2.0%	5.4%
Healthcare	0.6%	10.8%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.6%
Financial Services	-	5.6%
Industrials	-	0.8%
Utilities	-	-

Return for Risk

CLOU vs. TECB — Risk / Return Rank

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

CLOU

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

TECB

TECB Risk / Return Rank: 44
TECB Sharpe Ratio Rank: 51
TECB Sortino Ratio Rank: 48
TECB Omega Ratio Rank: 46
TECB Calmar Ratio Rank: 39
TECB Martin Ratio Rank: 36

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. TECB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). 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	TECB	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.38	-1.15
Sortino ratio: Return per unit of downside risk	0.55	1.93	-1.38
Omega ratio: Gain probability vs. loss probability	1.07	1.24	-0.17
Calmar ratio: Return relative to maximum drawdown	0.26	1.57	-1.31
Martin ratio: Return relative to average drawdown	0.61	4.44	-3.83

CLOU vs. TECB - Sharpe Ratio Comparison

The current CLOU Sharpe Ratio is 0.24, which is lower than the TECB Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of CLOU and TECB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLOU vs. TECB - Drawdown Comparison

The maximum CLOU drawdown since its inception was -53.74%, which is greater than TECB's maximum drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for CLOU and TECB.

Drawdown Indicators

	CLOU	TECB	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-41.62%	-12.12%
Max Drawdown (1Y) Largest decline over 1 year	-27.24%	-16.24%	-11.00%
Max Drawdown (3Y) Largest decline over 3 years	-33.18%	-23.91%	-9.27%
Max Drawdown (5Y) Largest decline over 5 years	-53.74%	-41.62%	-12.12%
Current Drawdown Current decline from peak	-23.67%	-3.54%	-20.13%
Average Drawdown Average peak-to-trough decline	-24.45%	-10.09%	-14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.83%	5.74%	+6.09%

Volatility

CLOU vs. TECB - Volatility Comparison

Global X Cloud Computing ETF (CLOU) has a higher volatility of 8.10% compared to iShares U.S. Tech Breakthrough Multisector ETF (TECB) at 6.38%. This indicates that CLOU's price experiences larger fluctuations and is considered to be riskier than TECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOU	TECB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	6.38%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	25.96%	14.99%	+10.97%
Volatility (1Y) Calculated over the trailing 1-year period	30.40%	18.50%	+11.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.77%	23.75%	+7.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	25.37%	+5.38%

CLOU vs. TECB - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is higher than TECB's 0.40% expense ratio.

Dividends

CLOU vs. TECB - Dividend Comparison

CLOU has not paid dividends to shareholders, while TECB's dividend yield for the trailing twelve months is around 0.30%.

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%
TECB iShares U.S. Tech Breakthrough Multisector ETF	0.30%	0.33%	0.35%	0.23%	0.61%	0.35%	0.77%	0.00%

Frequently Asked Questions

Can I hold both CLOU and TECB in my portfolio?

CLOU and TECB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLOU or TECB?

CLOU has higher volatility (8.10%) compared to TECB (6.38%). In terms of maximum drawdown, CLOU dropped -53.74% vs TECB's -41.62%.

Which ETF is better, CLOU or TECB?

On 5-year performance, TECB leads with 12.42% vs -2.77% for CLOU. On fees, TECB is cheaper at 0.40% per year. On volatility, TECB has been the lower-risk option at 6.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOU or TECB?

Over the 5-year period, TECB has performed better with a 12.42% return vs -2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOU or TECB?

TECB is cheaper with a 0.40% expense ratio, compared with 0.68% for CLOU.

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

TECB has the higher dividend yield at 0.30%, compared with 0.00% for CLOU.

What is the main difference between CLOU and TECB?

CLOU tracks Indxx Global Cloud Computing Index, while TECB tracks NYSE FactSet U.S. Tech Breakthrough Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.68% for CLOU and 0.40% for TECB.

Which has better risk-adjusted returns?

TECB currently has the higher Sharpe Ratio (1.38 vs 0.24), 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.