CLOU vs. WNTR

Last updated Jul 14, 2026

CLOU (Global X Cloud Computing ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - CLOU is a Technology Equities fund tracking the Indxx Global Cloud Computing Index, while WNTR is a Derivative Income fund actively managed by YieldMax. CLOU is passively managed, while WNTR is actively managed. Over the past year, CLOU returned 7.16% vs 120.64% for WNTR. At a correlation of -0.34, they often move in opposite directions. CLOU charges 0.68%/yr vs 1.01%/yr for WNTR.

Performance

CLOU vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cloud Computing ETF (CLOU) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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 WNTR's 10.13% return.

CLOU

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

WNTR

• 1D: 1.92%
• 1M: 18.08%
• 6M: 14.43%
• YTD: 10.13%
• 1Y: 120.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOU vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
CLOU Global X Cloud Computing ETF	6.59%	1.98%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.13%	52.78%

Correlation

The correlation between CLOU and WNTR is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.35

Return for Risk

CLOU vs. WNTR — 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

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 54

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.26	-2.02
Sortino ratio: Return per unit of downside risk	0.55	2.47	-1.93
Omega ratio: Gain probability vs. loss probability	1.07	1.34	-0.27
Calmar ratio: Return relative to maximum drawdown	0.26	2.84	-2.58
Martin ratio: Return relative to average drawdown	0.61	7.31	-6.70

CLOU vs. WNTR - Sharpe Ratio Comparison

The current CLOU Sharpe Ratio is 0.24, which is lower than the WNTR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of CLOU and WNTR, 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. WNTR - Drawdown Comparison

The maximum CLOU drawdown since its inception was -53.74%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for CLOU and WNTR.

Drawdown Indicators

	CLOU	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-42.65%	-11.09%
Max Drawdown (1Y) Largest decline over 1 year	-27.24%	-42.65%	+15.41%
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	-23.67%	-10.15%	-13.52%
Average Drawdown Average peak-to-trough decline	-24.45%	-20.53%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.83%	16.58%	-4.75%

Volatility

CLOU vs. WNTR - Volatility Comparison

The current volatility for Global X Cloud Computing ETF (CLOU) is 8.10%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.84%. This indicates that CLOU experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOU	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	18.84%	-10.74%
Volatility (6M) Calculated over the trailing 6-month period	25.96%	47.46%	-21.50%
Volatility (1Y) Calculated over the trailing 1-year period	30.40%	53.83%	-23.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.77%	53.56%	-22.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	53.56%	-22.81%

CLOU vs. WNTR - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

CLOU vs. WNTR - Dividend Comparison

CLOU has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 102.14%.

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%
WNTR YieldMax Short MSTR Option Income Strategy ETF	102.14%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLOU and WNTR in my portfolio?

CLOU and WNTR have a correlation of -0.32, 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 WNTR?

WNTR has higher volatility (18.84%) compared to CLOU (8.10%). In terms of maximum drawdown, CLOU dropped -53.74% vs WNTR's -42.65%.

Which ETF is better, CLOU or WNTR?

On 1-year performance, WNTR leads with 120.64% vs 7.16% for CLOU. On fees, CLOU is cheaper at 0.68% per year. On volatility, CLOU has been the lower-risk option at 8.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOU or WNTR?

Over the 1-year period, WNTR has performed better with a 120.64% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOU or WNTR?

CLOU is cheaper with a 0.68% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 102.14%, compared with 0.00% for CLOU.

What is the main difference between CLOU and WNTR?

CLOU is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.68% for CLOU and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.26 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.