CLOD vs SPY
Themes Cloud Computing ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CLOD or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CLOD | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $2M | $823.2B |
| Dividend Yield | 1.36% | 0.99% |
| Holdings | 215 | 1,515 |
| YTD Return | +10.92% | +13.53%Best |
| 1Y Return | +2.59% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 23.9% | 11.6%Best |
| Max Drawdown | -31.4% | -18.8%Best |
| $10,000 over 2.8 years | $14,122 | $16,837Best |
| Top 10 Weight | 47.2% | 38.2%Best |
| Fund Family | Themes ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 15, 2023 to Oct 14, 2026 (2.8 years).
CLOD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
CLOD vs SPY Performance
Themes Cloud Computing ETF (CLOD) is an ETF from Themes ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CLOD returned +2.59% while SPY returned +17.47%. Year to date, CLOD is up 10.92% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CLOD has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 11.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.4% for CLOD and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CLOD charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, CLOD currently yields 1.36% against 0.99% for SPY.
Holdings Overlap
66.6% of CLOD's money is in holdings SPY also owns. 15.6% of SPY's money is in holdings CLOD also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 52 positions we hold weights for in CLOD and 504 in SPY, against full books of 215 and 1,515.
What only one of them owns
Our book lists 473 positions for SPY that do not appear in our book for CLOD (83.4% of the fund), and 25 for CLOD that do not appear in SPY (26.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CLOD | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.41% | 5.71% | 0.30% |
| AMZNAmazon.Com Inc | 4.18% | 3.78% | 0.40% |
| GOOGLAlphabet Inc | 3.79% | 3.12% | 0.67% |
| CRWDCrowdstrike Holdings Inc | 5.45% | 0.36% | 5.09% |
| CRMSalesforce Inc Crm Us Equity | 5.28% | 0.32% | 4.96% |
| PANWPalo Alto Networks, Inc | 4.97% | 0.46% | 4.51% |
| NOWServicenow, Inc. | 4.89% | 0.22% | 4.67% |
| ORCLOracle Corp - Common | 4.01% | 0.37% | 3.64% |
| FTNTFortinet Inc | 3.98% | 0.16% | 3.82% |
| CDNSCadence Design Systems Inc. | 3.37% | 0.12% | 3.25% |
66.6% of CLOD is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CLOD or SPY?
CLOD has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, CLOD or SPY?
Over the past year CLOD returned +2.59% vs +17.47% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLOD or SPY?
CLOD has been the more volatile fund at 23.9% annualized versus 11.6% for SPY. Worst drawdown: CLOD -31.4% vs SPY -18.8%.
Should I hold both CLOD and SPY?
CLOD and SPY have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CLOD and SPY?
66.6% of CLOD's money is in holdings SPY also owns. 15.6% of SPY's is in holdings CLOD also owns. They hold 23 positions in common, counted across the 52 positions we hold weights for in CLOD and 504 in SPY.
Which pays a higher dividend, CLOD or SPY?
CLOD yields 1.36% while SPY yields 0.99%, so CLOD currently pays the higher dividend yield.
Is SPY better than CLOD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.