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CLOU vs XIGV: which is really different?

CLOU and XIGV hold 3% of their weight in the same names. Global X Cloud Computing ETF and Defiance US 100 Tech Ex Software ETF.

29.0%
CLOU in the S&P 500
90.5%
XIGV in the S&P 500
+22.4%
CLOU total return, 1 year
−2.1%
XIGV total return, since launch
CLOU · 1 year to Sep 30, 202671% of its weight is outside the S&P 500
71% of its weight is outside the S&P 50029% of CLOU's weight is in S&P 500 companies and 71% is outside the index29%71%in the S&P 500of its weight outside the S&P 500active share 95% · top ten 50% of the fund · 40 holdings filed Sep 30, 2026 · Nasdaq-100: 23% in71% of its weight is outside the S&P 50029% of CLOU's weight is in S&P 500 companies and 71% is outside the index29%71%inoutside the S&P 500active share 95% · top ten 50% of the fund

29% of CLOU's weight is in S&P 500 companies and 71% is outside the index

XIGV · 3 months to Sep 30, 202610% of its weight is outside the S&P 500
10% of its weight is outside the S&P 50091% of XIGV's weight is in S&P 500 companies and 10% is outside the index91%10%of its weight in S&P 500 companiesoutsideactive share 61% · top ten 50% of the fund · 79 holdings filed Oct 1, 2026 · Nasdaq-100: 94% in10% of its weight is outside the S&P 50091% of XIGV's weight is in S&P 500 companies and 10% is outside the index91%10%of its weight in S&P 500 companies10% of its weight outside the S&P 500active share 61% · top ten 50% of the fund

91% of XIGV's weight is in S&P 500 companies and 10% is outside the index

ETFIQ Off-Index Score · CLOU scores higherHow much of it is not the index it is sold as an alternative to?
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, CLOU and XIGV hold 3% 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 Oct 1, 2026 and Sep 30, 2026.

half

3% in common

Positions both hold, largest shared weight first
Holding CLOU XIGV
AMAZON.COM INC 1.36% 4.73%
ALPHABET INC-CL A 1.29% 4.40%
Only in CLOU
SNOWFLAKE INC 7.19%
DATADOG INC - CLASS A 5.99%
TWILIO INC - A 5.71%
PAYCOM SOFTWARE INC 4.96%
CLOUDFLARE INC - CLASS A 4.90%
WORKDAY INC-CLASS A 4.50%
ZSCALER INC 4.41%
SERVICENOW INC 4.39%
Only in XIGV
Advanced Micro Devices Inc 6.06%
Meta Platforms Inc 5.69%
Micron Technology Inc 5.27%
Apple Inc 5.22%
Nvidia Corp 5.18%
Space Exploration Technologies Corp 4.73%
Broadcom Inc 4.35%
Tesla Inc 4.25%

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

3% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowCLOUXIGVCLOUXIGVCLOUXIGV
3 months+22.0%−1.9%+19.5 pts−4.4 pts+19.9 pts−4.0 pts
6 months+44.2%not published+27.2 ptsnot published+17.3 ptsnot published
1 year+22.4%not published+6.7 ptsnot published−1.4 ptsnot published
3 years+51.1%not published−33.8 ptsnot published−58.8 ptsnot published
Since launch
CLOU Apr 2019 · XIGV Jun 2026
+92.7%−2.1%−100.7 pts−5.3 pts−223.0 pts−4.4 pts

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

On the same fields

CLOU
Global X Cloud Computing ETF · Holds 40 stocks in cloud and software, 29% of its weight in S&P 500 companies
XIGV
Defiance US 100 Tech Ex Software ETF · Holds 79 stocks in cloud and software, 90% of its weight in S&P 500 companies
Issuer Global X Defiance
Theme Cloud and software Cloud and software
In the S&P 500 29.0% 90.5%
Active share vs the S&P 500 94.6% 60.9%
In the Nasdaq-100 22.9% 94.4%
Holdings 40 79
Top ten, share of the fund 50.1% 49.9%
Expense ratio 0.68% 0.65%
Fee for the differing part 0.72% 1.07%
Total return, 1 year +22.4% −2.1% (since launch on Jun 29, 2026)
vs the S&P 500 +6.7 pts −5.3 pts
vs the Nasdaq-100 −1.4 pts −4.4 pts
Below its high −9.9% −4.0%
Net assets $375m $242,313

CLOU and XIGV on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CLOU in plain words

By weight, 29% of CLOU's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 50% of the fund across 40 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +22.4% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 6.7 pts. It sits 9.9% below its all-time high of Nov 4, 2021.

XIGV in plain words

By weight, 90% of XIGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 61%. The top ten holdings are 50% of the fund across 79 positions, as published by its issuer for Oct 1, 2026. Since it launched on Jun 29, 2026 the fund returned −2.1% with distributions reinvested against +3.2% for the S&P 500, so a holder was behind by 5.3 pts.

Questions people ask

Do CLOU and XIGV hold the same stocks?
By their latest filings, 3% 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, CLOU or XIGV?
CLOU has 29% of its weight in S&P 500 names and XIGV has 90%, so CLOU differs more from the index.
Which is cheaper, CLOU or XIGV?
CLOU charges 0.68% a year and XIGV charges 0.65%, so XIGV is cheaper. Fees come from each fund's prospectus.
Other comparisons
CLOU vs FCLDCLOU vs WCLDCLOU vs XSWCLOU vs CLODXIGV vs IGVXIGV vs XSWXIGV vs FCLDXIGV vs SKYY
CLOU on its own →XIGV on its own →How every figure is computed →Standards and sources →
Where these figures came from
CLOU filings on SEC EDGAR ↗CLOU prospectus with the expense ratio (SEC) ↗Global X page for CLOU ↗XIGV filings on SEC EDGAR ↗XIGV prospectus with the expense ratio (SEC) ↗Defiance page for XIGV ↗

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, CLOU against XIGV, data as of Sep 30, 2026. https://etfiq.com/compare/themes/clou-vs-xigv

Open data

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