CLOD vs QQQ
Themes Cloud Computing ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 107 holdings.
Side-by-Side Comparison
| Metric | CLOD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $2M | $486.1B | |
| Dividend Yield | 1.48% | 0.44% | |
| Holdings | 57 | 107 | |
| YTD Return | +7.43% | +15.95% | |
| 1Y Return | +2.76% | +26.00% | |
| 3Y Return (annualized) | - | +24.11% | |
| 5Y Return (annualized) | - | +13.95% | |
| Volatility (annualized) | 24.4% | 30.6% | |
| Max Drawdown | -31.4% | -83.0% | |
| Fund Family | Themes ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2023 | Mar 10, 1999 |
CLOD vs QQQ Performance
Themes Cloud Computing ETF (CLOD) is a ETF from Themes ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CLOD returned +2.76% while QQQ returned +26.00%. Year to date, CLOD is up 7.43% versus a gain of 15.95% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 24.4% for CLOD. 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOD charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, CLOD currently yields 1.48% against 0.44% for QQQ.
Holdings Overlap
CLOD and QQQ share 19 holdings out of 134 unique holdings combined, representing a 19.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CLOD or QQQ?
CLOD has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, CLOD or QQQ?
Over the past year CLOD returned +2.76% vs +26.00% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), CLOD annualized +12.38% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, CLOD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.4% for CLOD. Worst drawdown: CLOD -31.4% vs QQQ -83.0%.
Should I hold both CLOD and QQQ?
CLOD and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOD and QQQ?
CLOD and QQQ share 19 common holdings with a 19.9% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, CLOD or QQQ?
CLOD yields 1.48% while QQQ yields 0.44%, so CLOD currently pays the higher dividend yield.
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