CLOU
Global X Cloud Computing ETF
US
EQUITY
Rules-Based
MANAGEMENT STYLE
359.2 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 12, 2019 |
| Assets (mns) | $359 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SHOPIFY, INC. CLASS A | 4.8 % |
| SNOWFLAKE, INC. CLASS A | 4.8 % |
| TWILIO, INC. CLASS A | 4.6 % |
| WIX.COM LTD | 4.3 % |
| HUBSPOT INC | 4.3 % |
| QUALYS INC | 4.1 % |
| WORKIVA, INC. CLASS A | 4.0 % |
| SALESFORCE.COM INC | 4.0 % |
| SERVICENOW INC | 4.0 % |
| PROCORE TECHNOLOGIES INC | 4.0 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 358 |
| Wgt avg mkt cap (mns) | $166,061 |
| Large cap (>$10bn) | 66.4% |
| Mid cap ($2-10bn) | 24.5% |
| Small cap (<$2bn) | 9.1% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 1.7% |
Country Exposure
 |
UNITED STATES | 87.2 % |
 |
CANADA | 4.8 % |
 |
ISRAEL | 4.3 % |
 |
CHINA | 1.9 % |
 |
SWEDEN | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.7% | 19.7% | 21.7% | -3.8% | 9.7% | -- | 9.0% | Volatility | 20.2% | 21.1% | 25.7% | 31.8% | 31.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 54% |
| MSCI EAFE | 0.79 | 27% |
| MSCI Emg Mkts | 0.70 | 21% |
Liquidity Measures
| Avg. volume (000) | 190 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $26,744 |
Technical Indicators
| Recent close | $24.24 |
| 30d moving avg. | $24.56 |
| Annualized volatility | 26.3% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 1.6% |
| Short interest (underlying) | 5.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CLOU |
Expenses vs. CLOU |
ALTAR Score™ vs. CLOU |
|---|---|---|---|---|
| FCLD | Fidelity Cloud Computing ETF | 30.7% | -29 bp | +1.4% |
| SKYY | First Trust Cloud Computing ETF | 30.7% | -8 bp | +1.0% |
| WCLD | WisdomTree Cloud Computing Fund | 28.0% | -23 bp | -0.3% |
| WFH | Direxion Work From Home ETF | 24.1% | -23 bp | +4.1% |
| CLOD | Themes Cloud Computing ETF | 22.8% | -33 bp | +0.9% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 18.3% | 0 bp | +2.0% |
| XNTK | SPDR NYSE Technology ETF | 17.4% | -33 bp | +2.4% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 17.2% | -20 bp | +0.2% |
| FDN | First Trust Dow Jones Internet Index Fund | 17.2% | -16 bp | +1.4% |
| LGRO | Level Four Large Cap Growth Active ETF | 17.1% | -13 bp | +2.4% |
Risk and Returns: CLOU vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CLOU
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
CLOU
1.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. CLOU's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places CLOU in the 6th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CLOUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| CLOU (68 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CLOU | 68.0 | 5.3 | 73.3 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .