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CLOU

Global X Cloud Computing ETF (CLOU)

Rating:66Neutral
Price Target:$28.00â–²(5.78% Upside)

CLOU, the Global X Cloud Computing ETF, earns a solid overall rating thanks to several strong, profitable software and cloud leaders like Salesforce, Qualys, Paycom, and Datadog, which show robust revenue growth, positive earnings calls, and promising AI and cybersecurity initiatives. The fund is held back somewhat by weaker names such as Snowflake and Cloudflare, where profitability, leverage, and valuation challenges create more risk. The main risk factor is the ETF’s heavy concentration in cloud and software companies, which makes its performance sensitive to shifts in the tech sector and high-growth valuations.

Positive Factors
Strong Recent PerformanceThe ETF has shown strong gains so far this year and over the last few months, indicating solid momentum in cloud-related stocks.
Leading Cloud and Software HoldingsMany of the top positions, such as Datadog, Twilio, Paycom, Qualys, and Cloudflare, have delivered strong year-to-date performance, helping drive the fund’s returns.
Focused Technology ExposureWith most assets in the technology sector, the ETF gives targeted exposure to companies benefiting from the long-term growth of cloud computing.
Negative Factors
High Expense RatioThe fund’s fee is relatively high for an ETF, which can reduce the portion of returns that investors keep over time.
Sector Concentration RiskHeavy weighting in technology and limited exposure to other sectors means the ETF can be more sensitive to downturns in tech stocks.
Limited Geographic DiversificationWith almost all holdings in U.S. companies, the fund offers little international diversification and is heavily tied to the U.S. market.

CLOU vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%30%40%SPY+14.97%CLOU+17.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AUM
377.97M
Region
Global
Expense Ratio
0.68%
Beta
1.27
Issuer
Global X
Inception Date
Apr 12, 2019
Dividend Yield
0.00%
Asset Class
Equity
Index Tracked
Indxx Global Cloud Computing Index

CLOU Summary

CLOU is the Global X Cloud Computing ETF, which follows the Indxx Global Cloud Computing Index. It focuses on companies that provide cloud software, data storage, and online services that help businesses run digitally. Most of its holdings are U.S. technology firms, including well-known names like Salesforce and ServiceNow, along with other cloud-focused companies such as Snowflake and Cloudflare. Someone might invest in CLOU to bet on the long-term growth of cloud technology and to get diversified exposure to many cloud companies in one fund. A key risk is that it is heavily concentrated in tech stocks, so its price can rise and fall sharply with the technology sector.

How much will it cost me?

CLOU has an expense ratio of 0.68%, which means you’ll pay about $6.80 per year for every $1,000 you invest. This cost is higher than the average ETF because CLOU is a specialized, sector-focused fund that requires more active research and management to track cloud computing companies.

What would affect this ETF?

CLOU could benefit if businesses keep shifting more of their operations online, boosting demand for cloud software, cybersecurity, and digital services from its global technology holdings like Snowflake, ServiceNow, and Cloudflare. On the downside, higher interest rates, slower economic growth, or tighter tech regulations could hurt investor appetite for growth-focused cloud companies and make this concentrated technology ETF more volatile.

CLOU Top 10 Holdings

CLOU is essentially a pure play on cloud and SaaS, with most of its firepower sitting in U.S.-listed software names. Datadog, Paycom, Zscaler, Qualys, and Twilio have been rising, acting as the fund’s main engines and reflecting strong demand for cloud-based security and business software. Shopify and Workday are steadier contributors, while Snowflake and ServiceNow have been more mixed, occasionally losing steam and holding back returns. Overall, the ETF is tightly focused on cloud technology, with limited diversification beyond this global but software-heavy theme.

CLOU top ten holdings
NameCompany NameWeight %Market ValueMarket CapYearly GainOverall Rating
SNOWSNOWSnowflake6.83%$25.83M$106.27B10.70%54Neutral
PAYCPAYCPaycom5.93%$22.42M$10.93B48.42%76Outperform
WDAYWDAYWorkday4.84%$18.28M$46.07B-15.62%73Outperform
ZSZSZscaler4.59%$17.37M$31.60B-39.06%60Neutral
QLYSQLYSQualys4.25%$16.08M$6.38B15.35%78Outperform
TWLOTWLOTwilio4.60%$17.37M$33.96B65.23%70Neutral
PCORPCORProcore Technologies4.25%$16.05M$11.60B-1.08%71Outperform
DDOGDDOGDatadog4.32%$16.33M$66.58B-3.37%69Neutral
BOXBOXBox3.93%$14.87M$5.98B36.51%65Neutral
CRMCRMSalesforce3.83%$14.48M$179.42B-11.56%80Outperform

CLOU Technical Analysis

Technical Analysis SentimentNegative
Last Price26.47

Price Trends

50DMA28.40Negative
100DMA26.94Negative
200DMA23.81Positive

Market Momentum

MACD-0.74Positive
RSI38.60Neutral
STOCH27.68Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CLOU, the sentiment is Negative. The current price of 26.47 is below the 20-day moving average (MA) of 28.17, below the 50-day MA of 28.40, and above the 200-day MA of 23.81, indicating a neutral trend. The MACD of -0.74 indicates Positive momentum. The RSI at 38.60 is Neutral, neither overbought nor oversold. The STOCH value of 27.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CLOU.

CLOU Peer Comparison

Comparison Results

CLOU against its peer funds
NamePricePrice TargetAUMExpense RatioOverall Rating
CLOUCLOU$26.47$28.00(5.78% Upside)$377.97M0.68%66Neutral
TTEQTTEQ$37.59$52.49(39.63% Upside)$451.68M0.63%65Neutral
EUVEUV$19.84$32.25(62.55% Upside)$258.61M0.35%72Outperform
FRWDFRWD$28.43$42.59(49.83% Upside)$248.83M0.65%68Neutral
SPTESPTE$44.27$56.95(28.65% Upside)$245.32M0.55%69Neutral
CHPXCHPX$82.75$124.88(50.91% Upside)$110.68M0.50%68Neutral

Performance Comparison

0%50%100%CLOUTTEQEUVFRWDSPTECHPXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
CLOU and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
CLOUGlobal X Cloud Computing ETF26.473.8316.92%
TTEQT. Rowe Price Technology ETF37.595.8018.23%
EUVCorgi Lithography & Semiconductor Photonics ETF19.84-6.65-25.10%
FRWDNomura Transformational Technologies ETF28.433.5214.13%
SPTESP Funds S&P Global Technology ETF44.2710.2029.94%
CHPXGlobal X AI Semiconductor & Quantum ETF82.7529.3855.04%
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.