CLOU vs. XLK
Compare and contrast key facts about Global X Cloud Computing ETF (CLOU) and State Street Technology Select Sector SPDR ETF (XLK).
CLOU and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998. Both CLOU and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CLOU vs. XLK - Performance Comparison
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CLOU vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | -13.79% | -5.59% | 5.74% | 41.36% | -39.56% | -3.27% | 77.18% | 4.79% |
XLK State Street Technology Select Sector SPDR ETF | -7.57% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 19.97% |
Returns By Period
In the year-to-date period, CLOU achieves a -13.79% return, which is significantly lower than XLK's -7.57% return.
CLOU
- 1D
- 3.45%
- 1M
- 3.94%
- YTD
- -13.79%
- 6M
- -16.17%
- 1Y
- -7.10%
- 3Y*
- 2.05%
- 5Y*
- -5.59%
- 10Y*
- —
XLK
- 1D
- 4.24%
- 1M
- -4.10%
- YTD
- -7.57%
- 6M
- -5.44%
- 1Y
- 29.46%
- 3Y*
- 21.58%
- 5Y*
- 15.31%
- 10Y*
- 20.82%
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CLOU vs. XLK - Expense Ratio Comparison
CLOU has a 0.68% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
CLOU vs. XLK — Risk / Return Rank
CLOU
XLK
CLOU vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 1.10 | -1.34 |
Sortino ratioReturn per unit of downside risk | -0.15 | 1.66 | -1.81 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.85 | -2.18 |
Martin ratioReturn relative to average drawdown | -0.86 | 5.98 | -6.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLOU | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.10 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.62 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.36 | -0.22 |
Correlation
The correlation between CLOU and XLK is 0.73, 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.
Dividends
CLOU vs. XLK - Dividend Comparison
CLOU has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.57%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
CLOU vs. XLK - Drawdown Comparison
The maximum CLOU drawdown since its inception was -53.74%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CLOU and XLK.
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Drawdown Indicators
| CLOU | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -82.05% | +28.31% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -15.92% | -9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -53.74% | -33.56% | -20.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -38.26% | -12.36% | -25.90% |
Average DrawdownAverage peak-to-trough decline | -24.21% | -35.17% | +10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.47% | 4.93% | +4.54% |
Volatility
CLOU vs. XLK - Volatility Comparison
Global X Cloud Computing ETF (CLOU) and State Street Technology Select Sector SPDR ETF (XLK) have volatilities of 7.92% and 8.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOU | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 8.06% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 18.82% | 16.43% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 27.02% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 24.72% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.31% | 24.33% | +5.98% |