CLOU vs. XLKI

Last updated Aug 3, 2026

CLOU (Global X Cloud Computing ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. CLOU is passively managed, while XLKI is actively managed. Over the past year, CLOU returned 14.78% vs 24.59% for XLKI. Their 0.34 correlation means their historical movements had little consistent relationship. CLOU charges 0.68%/yr vs 0.35%/yr for XLKI.

Performance

CLOU vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cloud Computing ETF (CLOU) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CLOU having a 11.23% return and XLKI slightly lower at 10.67%.

CLOU

• 1D: 1.25%
• 1M: 8.35%
• 6M: 22.02%
• YTD: 11.23%
• 1Y: 14.78%
• 3Y*: 6.02%
• 5Y*: -2.17%
• 10Y*: —
• ALL TIME*: 7.48%

XLKI

• 1D: 0.01%
• 1M: -1.06%
• 6M: 9.29%
• YTD: 10.67%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLOU Global X Cloud Computing ETF	$6.92M	$6.97M	$6.65M
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$514.98K	$430.22K	$356.64K

CLOU vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
CLOU Global X Cloud Computing ETF	11.23%	-3.54%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	10.67%	10.02%

Correlation

The correlation between CLOU and XLKI is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.34

CLOU vs. XLKI - Sectors Allocation Comparison

Sectors	CLOU	XLKI
Technology	90.9%	99.2%
Communication Services	4.0%	0.8%
Real Estate	3.2%	-
Consumer Cyclical	1.9%	-
Healthcare	0.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.9%
Industrials	-	-
Utilities	-	-

Return for Risk

CLOU vs. XLKI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLOU

CLOU Risk / Return Rank: 19
CLOU Sharpe Ratio Rank: 19
CLOU Sortino Ratio Rank: 20
CLOU Omega Ratio Rank: 20
CLOU Calmar Ratio Rank: 18
CLOU Martin Ratio Rank: 17

XLKI

XLKI Risk / Return Rank: 51
XLKI Sharpe Ratio Rank: 46
XLKI Sortino Ratio Rank: 43
XLKI Omega Ratio Rank: 47
XLKI Calmar Ratio Rank: 57
XLKI Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLOU vs. XLKI - 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 Premium Income ETF (XLKI). 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	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.13	-0.77
Sortino ratio: Return per unit of downside risk	0.72	1.61	-0.90
Omega ratio: Gain probability vs. loss probability	1.09	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.41	2.02	-1.61
Martin ratio: Return relative to average drawdown	0.94	7.10	-6.17

CLOU vs. XLKI - Sharpe Ratio Comparison

The current CLOU Sharpe Ratio is 0.36, which is lower than the XLKI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of CLOU and XLKI, 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. XLKI - Drawdown Comparison

The maximum CLOU drawdown since its inception was -53.74%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for CLOU and XLKI.

Drawdown Indicators

	CLOU	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-11.21%	-42.53%
Max Drawdown (1Y) Largest decline over 1 year	-27.24%	-11.21%	-16.03%
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	-20.34%	-6.73%	-13.61%
Average Drawdown Average peak-to-trough decline	-24.45%	-2.16%	-22.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.85%	3.18%	+8.67%

Volatility

CLOU vs. XLKI - Volatility Comparison

The current volatility for Global X Cloud Computing ETF (CLOU) is 7.61%, while State Street Technology Select Sector SPDR Premium Income ETF (XLKI) has a volatility of 8.68%. This indicates that CLOU experiences smaller price fluctuations and is considered to be less risky than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOU	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	8.68%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	25.80%	17.55%	+8.25%
Volatility (1Y) Calculated over the trailing 1-year period	30.96%	19.96%	+11.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.87%	19.92%	+10.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.74%	19.92%	+10.82%

CLOU vs. XLKI - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

CLOU vs. XLKI - Dividend Comparison

CLOU has not paid dividends to shareholders, while XLKI's dividend yield for the trailing twelve months is around 17.91%.

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%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.91%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLOU and XLKI in my portfolio?

CLOU and XLKI have a correlation of 0.33, 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 XLKI?

XLKI has higher volatility (8.68%) compared to CLOU (7.61%). In terms of maximum drawdown, CLOU dropped -53.74% vs XLKI's -11.21%.

Which ETF is better, CLOU or XLKI?

On 1-year performance, XLKI leads with 24.59% vs 14.78% for CLOU. On fees, XLKI is cheaper at 0.35% per year. On volatility, CLOU has been the lower-risk option at 7.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOU or XLKI?

Over the 1-year period, XLKI has performed better with a 24.59% return vs 14.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOU or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.68% for CLOU.

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

XLKI has the higher dividend yield at 17.91%, compared with 0.00% for CLOU.

What is the main difference between CLOU and XLKI?

They also come from different issuers: Global X and State Street. Their fees differ too: 0.68% for CLOU and 0.35% for XLKI.

Which has better risk-adjusted returns?

XLKI currently has the higher Sharpe Ratio (1.13 vs 0.36), 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.