Do CLOD and XSW hold the same stocks?

By their latest filings, 17% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, CLOD or XSW?

CLOD has 70% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.

Which is cheaper, CLOD or XSW?

CLOD charges 0.35% a year and XSW charges 0.35%, so CLOD is cheaper. Fees come from each fund's prospectus.

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CLOD vs XSW: which is really different?

CLOD and XSW hold 17% of their weight in the same names, and CLOD returned +0.1% over the year. Themes Cloud Computing ETF and State Street(R) SPDR(R) S&P(R) Software & Services ETF.

70.1%

CLOD in the S&P 500

20.8%

XSW in the S&P 500

+0.1%

CLOD total return, 1 year

−1.6%

XSW total return, 1 year

CLOD · 1 year to Sep 30, 202630% of its weight is outside the S&P 500

70% of CLOD's weight is in S&P 500 companies and 30% is outside the index

XSW · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of XSW's weight is in S&P 500 companies and 79% is outside the index

ETFIQ Off-Index Score · XSW scores higherHow much of it is not the index it is sold as an alternative to?

CLOD 21.2

XSW 34.7

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, CLOD and XSW hold 17% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

17% in common

Positions both hold, largest shared weight first

Holding CLOD XSW

Crowdstrike Holdings Inc 7.14% 0.97%

Datadog Inc 3.31% 0.93%

Palo Alto Networks Inc 7.54% 0.90%

Cadence Design Systems Inc 4.13% 0.89%

Strategy Inc 1.13% 0.88%

Fortinet Inc 3.82% 0.87%

Synopsys Inc 3.37% 0.84%

F5 Inc 0.94% 0.84%

Microsoft Corp 3.73% 0.80%

Workday Inc 1.04% 0.78%

ServiceNow Inc 4.10% 0.78%

Autodesk Inc 1.65% 0.77%

Only in CLOD

AppLovin Corp 5.03%

Alphabet Inc 4.15%

Amazon.com Inc 3.78%

SAP SE 3.48%

Snowflake Inc 3.39%

MercadoLibre Inc 3.22%

Cloudflare Inc 3.09%

Nebius Group NV 2.26%

Only in XSW

RUBRIK INC A 0.98%

SENTINELONE INC CLASS A 0.93%

NETSKOPE INC CL A 0.92%

VIA TRANSPORTATION INC CL A 0.89%

SAILPOINT INC 0.88%

RAPID7 INC 0.88%

SERVICETITAN INC A 0.88%

COMMVAULT SYSTEMS INC 0.87%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

17% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	CLOD	XSW	CLOD	XSW	CLOD	XSW
3 months	+11.1%	+10.1%	+8.6 pts	+7.5 pts	+9.0 pts	+7.9 pts
6 months	+36.6%	+36.3%	+19.7 pts	+19.3 pts	+9.8 pts	+9.4 pts
1 year	+0.1%	−1.6%	−15.7 pts	−17.3 pts	−23.7 pts	−25.4 pts
3 years	not published	+53.6%	not published	−31.4 pts	not published	−56.4 pts
Since launch CLOD Dec 2023 · XSW Sep 2011	+41.6%	+766.5%	−26.2 pts	+12.4 pts	−44.0 pts	−696.5 pts

CLOD and XSW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CLOD

Themes Cloud Computing ETF · Holds 51 stocks in cloud and software, 70% of its weight in S&P 500 companies

XSW

State Street(R) SPDR(R) S&P(R) Software & Services ETF · Holds 133 stocks in cloud and software, 21% of its weight in S&P 500 companies

Issuer Themes State Street

Theme Cloud and software Cloud and software

In the S&P 500 70.1% 20.8%

Active share vs the S&P 500 86.6% 95.5%

In the Nasdaq-100 60.8% 14.0%

Holdings 51 133

Top ten, share of the fund 47.4% 9.2%

Expense ratio 0.35% 0.35%

Fee for the differing part 0.40% 0.37%

Total return, 1 year +0.1% −1.6%

vs the S&P 500 −15.7 pts −17.3 pts

vs the Nasdaq-100 −23.7 pts −25.4 pts

Below its high −2.3% −7.5%

Net assets $2m $473m

CLOD and XSW on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CLOD in plain words

By weight, 70% of CLOD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 87%. The top ten holdings are 47% of the fund across 51 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +0.1% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 15.7 pts.

XSW in plain words

By weight, 21% of XSW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 9% of the fund across 133 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −1.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 17.3 pts. It sits 7.5% below its all-time high of Aug 27, 2026.

Questions people ask

Do CLOD and XSW hold the same stocks?: By their latest filings, 17% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, CLOD or XSW?: CLOD has 70% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.
Which is cheaper, CLOD or XSW?: CLOD charges 0.35% a year and XSW charges 0.35%, so CLOD is cheaper. Fees come from each fund's prospectus.

Other comparisons

CLOD vs XIGV CLOD vs WCLD CLOD vs CLOU CLOD vs FCLD XSW vs CLOU XSW vs FCLD XSW vs SKYY XSW vs WCLD

CLOD on its own →XSW on its own →How every figure is computed →Standards and sources →

Where these figures came from

CLOD filings on SEC EDGAR ↗CLOD prospectus with the expense ratio (SEC) ↗Themes page for CLOD ↗XSW filings on SEC EDGAR ↗XSW prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CLOD against XSW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/clod-vs-xsw

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.