CLOD vs SPY
Themes Cloud Computing ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CLOD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 1.54% | 1.01% | |
| Holdings | 107 | 505 | |
| YTD Return | +8.55% | +13.39% | |
| 1Y Return | +5.19% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 23.9% | 15.3% | |
| Max Drawdown | -31.4% | -56.5% | |
| Fund Family | Themes ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2023 | Jan 22, 1993 |
CLOD vs SPY Performance
Themes Cloud Computing ETF (CLOD) is a ETF from Themes ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CLOD returned +5.19% while SPY returned +22.52%. Year to date, CLOD is up 8.55% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
CLOD has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 15.3% 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 -56.5% for SPY. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.54% against 1.01% for SPY.
Holdings Overlap
CLOD and SPY share 22 holdings out of 532 unique holdings combined, representing a 13.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, CLOD or SPY?
Over the past year CLOD returned +5.19% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), CLOD annualized +13.12% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CLOD or SPY?
CLOD has been the more volatile fund at 23.9% annualized versus 15.3% for SPY. Worst drawdown: CLOD -31.4% vs SPY -56.5%.
Should I hold both CLOD and SPY?
CLOD and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOD and SPY?
CLOD and SPY share 22 common holdings with a 13.8% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, CLOD or SPY?
CLOD yields 1.54% while SPY yields 1.01%, so CLOD currently pays the higher dividend yield.
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