{"url":"https://etfiq.com/themes/cloud","section":"themes","title":"Cloud computing ETFs: 8 funds, largest first | ETFIQ","description":"ETFIQ covers 8 cloud computing ETFs. The largest are IGV ($14.3bn), SKYY ($3.5bn) and XSW ($498m); fees run 0.35% to 0.68%, as of Oct 26, 2026.","as_of":"Oct 27, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many cloud computing ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"ETFIQ covers 8 US listed cloud computing ETFs as of Oct 27, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest cloud computing ETF?","acceptedAnswer":{"@type":"Answer","text":"IGV, iShares Expanded Tech-Software Sector ETF, at $14.3bn in net assets as of Oct 26, 2026, the largest of the 8 cloud computing ETFs with a published size."}},{"@type":"Question","name":"What is the cheapest cloud computing ETF?","acceptedAnswer":{"@type":"Answer","text":"XSW, State Street SPDR S&P Software & Services ETF, at 0.35% a year by its prospectus filed Oct 24, 2025, the lowest fee of the 8 cloud computing ETFs that publish one."}},{"@type":"Question","name":"Which cloud computing ETF has performed best over the past year?","acceptedAnswer":{"@type":"Answer","text":"FCLD, Fidelity Cloud Computing ETF, at +46.9% total return over the year to Oct 27, 2026, the highest of the 7 cloud computing ETFs with a full year of trading behind them. Past returns do not predict future ones."}},{"@type":"Question","name":"What do cloud computing ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"Funds that hold software companies that sell by subscription, and the businesses that run the cloud their software sits on. Between them the 8 cloud computing ETFs ETFIQ can read name 62 companies in their ten largest holdings, by holdings dated May 31, 2026 to Oct 26, 2026, most widely PALO ALTO NETWORKS, which is among the ten largest of 3 of them."}},{"@type":"Question","name":"Do cloud computing ETFs hold the same companies?","acceptedAnswer":{"@type":"Answer","text":"It depends which two. Across the 28 pairs of the 8 cloud computing ETFs with a full published book, by holdings dated May 31, 2026 to Oct 26, 2026, CLOD and IGV hold 58% of their weight in the same companies, WCLD and XIGV hold 0%, and the middle pair holds 24%. 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The largest are IGV ($14.3bn), SKYY ($3.5bn) and XSW ($498m); fees run 0.35% to 0.68%, as of Oct 26, 2026.","url":"https://etfiq.com/themes/cloud","dateModified":"2026-10-27","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Cloud computing","item":"https://etfiq.com/themes/cloud"}]},{"@type":"WebPage","name":"Cloud computing ETFs: 8 funds, largest first","description":"ETFIQ covers 8 cloud computing ETFs. The largest are IGV ($14.3bn), SKYY ($3.5bn) and XSW ($498m); fees run 0.35% to 0.68%, as of Oct 26, 2026.","url":"https://etfiq.com/themes/cloud","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":8833,"truncated":false,"content":"ETFIQ / Thematic ETFs / Cloud computing \n \n Data as of Oct 27, 2026 .\n Cloud computing ETFs: what each one holds\n See every cloud computing ETF by what it holds, not by its name. Funds that hold software companies that sell by subscription, and the businesses that run the cloud their software sits on. 8 funds, largest first. Updated Oct 27, 2026. The typical fund carries 45% of its weight in S&P 500 stocks, the 12th most of the 53 themes with holdings on file.\n 8 US listed cloud computing ETFs \n $14.3bn The largest, IGV \n 0.35% The cheapest, XSW \n +46.9% Best one year, FCLD \n\n The short answers\n Least like the S&P 500 WCLD , WisdomTree Cloud Computing Fund, 15.7% of its weight in S&P 500 companies. Closest pair CLOD and IGV , 58% of their weight in the same companies. What these funds actually own\n Between them the 8 funds' ten largest holdings name 62 companies, of which 12 appear in more than one. PALO ALTO NETWORKS is among the ten largest of 3 of them, at an average of 6.5% of the fund.\n Cloud and software ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Among the ten largest of Average weight where it is Largest, and in which fund \n PALO ALTO NETWORKS PANW 3 of 8 6.5% 9.1% in IGV \n CROWDSTRIKE HOLDINGS CLASS A CRWD 3 of 8 6.0% 8.4% in IGV \n MICROSOFT MSFT 3 of 8 5.2% 8.4% in IGV \n ORACLE ORCL 3 of 8 4.3% 6.1% in IGV \n Amazon.com, Inc. AMZN 3 of 8 4.0% 5.0% in XIGV \n Alphabet Inc. (Class A) GOOGL 3 of 8 3.9% 4.3% in XIGV \n SERVICENOW NOW 2 of 8 4.5% 5.0% in IGV \n FORTINET FTNT 2 of 8 3.8% 3.8% in CLOD \n DigitalOcean Holdings, Inc. DOCN 2 of 8 3.1% 3.3% in WCLD \n DATADOG INC CLASS A DDOG 2 of 8 3.0% 3.1% in IGV \n Netskope, Inc. (Class A) NTSK 2 of 8 2.0% 2.8% in SKYY \n RUBRIK INC A RBRK 2 of 8 1.6% 2.1% in WCLD \n PALANTIR TECHNOLOGIES CLASS A PLTR 1 of 8 9.1% 9.1% in IGV \n SNOWFLAKE INC. 1 of 8 6.3% 6.3% in CLOU \n DATADOG, INC. 1 of 8 6.3% 6.3% in CLOU \n \n The 15 most widely held of 62. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.\n The 8 largest cloud computing ETFs\n ETFIQ covers 8 cloud computing ETFs. The largest are IGV ( $14.3bn ), SKYY ( $3.5bn ) and XSW ( $498m ); fees run 0.35% to 0.68% , as of Oct 26, 2026 .\n IGV iShares Expanded Tech-Software Sector ETF $14.3bn 0.38% \n SKYY First Trust Cloud Computing ETF $3.5bn 0.60% \n XSW State Street SPDR S&P Software & Services ETF $498m 0.35% \n CLOU Global X Cloud Computing ETF $414m 0.68% \n WCLD WisdomTree Cloud Computing Fund $245m 0.45% \n FCLD Fidelity Cloud Computing ETF $147m 0.39% \n CLOD Themes Cloud Computing ETF $2.2m 0.35% \n XIGV Defiance US 100 Tech Ex Software ETF $229,109 0.65% \n \n Cloud computing ETFs: what each one holds, as of Oct 27, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n IGV iShares Expanded Tech-Software Sector ETF iShares $14.3bn 80.1% 92.4% \u22124.5% not measured 0.38% \n SKYY First Trust Cloud Computing ETF First Trust $3.5bn 39.6% 86.2% +21.8% +8.2 pts vs VOO 0.60% \n XSW State Street SPDR S&P Software & Services ETF State Street $498m 21.0% 95.6% +5.6% not measured 0.35% \n CLOU Global X Cloud Computing ETF Global X $414m 33.1% 93.4% +26.0% not measured 0.68% \n WCLD WisdomTree Cloud Computing Fund WisdomTree $245m 15.7% 98.2% +28.5% not measured 0.45% \n FCLD Fidelity Cloud Computing ETF Fidelity $147m 51.0% 91.6% +46.9% not measured 0.39% \n CLOD Themes Cloud Computing ETF Themes $2.2m 69.9% 86.7% +1.1% not measured 0.35% \n XIGV Defiance US 100 Tech Ex Software ETF Defiance $229,109 90.8% 60.4% first traded 120 days ago \u00b7 0.65% \n \n How much of each pair is the same fund\n The closest pair is CLOD and IGV , which hold 58% of their weight in the same companies. The furthest apart is WCLD and XIGV at 0%. The middle pair of the 28 is 24%.\n Cloud computing ETFs, the share of each pair\u2019s weight held in the same companies. Read across or down; the number is the same either way. Cells are shaded against the closest pair here, 58%. Source: each fund\u2019s own filed or daily holdings, read by ETFIQ. IGV SKYY XSW CLOU WCLD FCLD CLOD XIGV \n IGV \u00b7 23% 33% 19% 24% 25% 58% 1% \n SKYY 23% \u00b7 26% 34% 41% 36% 30% 6% \n XSW 33% 26% \u00b7 15% 39% 19% 16% 1% \n CLOU 19% 34% 15% \u00b7 33% 35% 28% 3% \n WCLD 24% 41% 39% 33% \u00b7 31% 22% 0% \n FCLD 25% 36% 19% 35% 31% \u00b7 30% 4% \n CLOD 58% 30% 16% 28% 22% 30% \u00b7 9% \n XIGV 1% 6% 1% 3% 0% 4% 9% \u00b7 \n \n Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.\n What each fund holds alone\n Cloud computing ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ. Fund Largest holding it alone has Weight All of its own names \n IGV DESCARTES SYSTEMS GROUP DSGX 0.3% 0.7% \n SKYY Arista Networks, Inc. ANET 3.0% 12.3% \n XSW RAPID7 INC RPD 1.2% 19.5% \n CLOU Sinch AB (publ) 2.4% 5.2% \n WCLD CELLEBRITE DI LTD CLBT 1.5% 2.9% \n FCLD SANDISK CORP/DE 6.1% 17.4% \n CLOD SAP SE SAP 3.5% 13.8% \n XIGV Apple Inc AAPL 5.7% 87.5% \n \n Questions people ask\n How many cloud computing ETFs are there? ETFIQ covers 8 US listed cloud computing ETFs as of Oct 27, 2026. That is every one it can measure from the fund\u2019s own published holdings. What is the largest cloud computing ETF? IGV , iShares Expanded Tech-Software Sector ETF, at $14.3bn in net assets as of Oct 26, 2026, the largest of the 8 cloud computing ETFs with a published size. What is the cheapest cloud computing ETF? XSW , State Street SPDR S&P Software & Services ETF, at 0.35% a year by its prospectus filed Oct 24, 2025, the lowest fee of the 8 cloud computing ETFs that publish one. Which cloud computing ETF has performed best over the past year? FCLD , Fidelity Cloud Computing ETF, at +46.9% total return over the year to Oct 27, 2026, the highest of the 7 cloud computing ETFs with a full year of trading behind them. Past returns do not predict future ones. What do cloud computing ETFs hold? Funds that hold software companies that sell by subscription, and the businesses that run the cloud their software sits on. Between them the 8 cloud computing ETFs ETFIQ can read name 62 companies in their ten largest holdings, by holdings dated May 31, 2026 to Oct 26, 2026, most widely PALO ALTO NETWORKS, which is among the ten largest of 3 of them. Do cloud computing ETFs hold the same companies? It depends which two. Across the 28 pairs of the 8 cloud computing ETFs with a full published book, by holdings dated May 31, 2026 to Oct 26, 2026, CLOD and IGV hold 58% of their weight in the same companies, WCLD and XIGV hold 0%, and the middle pair holds 24%. Two funds sold on one theme are not the same fund. What the issuers say about this theme\n The issuers behind these cloud computing funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n iShares iShares Portfolio Insights Their research index \n First Trust First Trust Investment Insights Their research index \n Global X Global X Insights, including The Next Big Theme Their research index \n WisdomTree WisdomTree blog Their research index \n Themes Themes ETFs: why cloud computing On this theme \n Defiance Defiance Insights Their research index \n \n Where to next\n The largest cloud computing ETFs The cheapest cloud computing ETFs The cloud computing ETFs least like the S&P 500 The cloud computing ETFs that returned most The most concentrated cloud computing ETFs Every thematic ETF Compare two funds The vocabulary Sources\n Fund holdings from SEC Form N-PORT and from the issuers\u2019 own daily files SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Cloud computing ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/cloud Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Cloud computing ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/cloud APA ETFIQ. (Oct 27, 2026). Cloud computing ETFs: what each one holds. Retrieved from https://etfiq.com/themes/cloud Markdown [Cloud computing ETFs: what each one holds (ETFIQ, Oct 27, 2026)](https://etfiq.com/themes/cloud)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Cloud computing ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/cloud"}