# Cloud computing ETFs: 8 funds, largest first

> 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.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## Cloud computing ETFs: what each one holds

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.

8 US listed cloud computing ETFs

$14.3bn The largest, IGV

0.35% The cheapest, XSW

+46.9% Best one year, FCLD

### The short answers

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

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.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| PALO ALTO NETWORKS PANW | 3 of 8 | 6.5% | 9.1% in IGV |
| CROWDSTRIKE HOLDINGS CLASS A CRWD | 3 of 8 | 6.0% | 8.4% in IGV |
| MICROSOFT MSFT | 3 of 8 | 5.2% | 8.4% in IGV |
| ORACLE ORCL | 3 of 8 | 4.3% | 6.1% in IGV |
| Amazon.com, Inc. AMZN | 3 of 8 | 4.0% | 5.0% in XIGV |
| Alphabet Inc. (Class A) GOOGL | 3 of 8 | 3.9% | 4.3% in XIGV |
| SERVICENOW NOW | 2 of 8 | 4.5% | 5.0% in IGV |
| FORTINET FTNT | 2 of 8 | 3.8% | 3.8% in CLOD |
| DigitalOcean Holdings, Inc. DOCN | 2 of 8 | 3.1% | 3.3% in WCLD |
| DATADOG INC CLASS A DDOG | 2 of 8 | 3.0% | 3.1% in IGV |
| Netskope, Inc. (Class A) NTSK | 2 of 8 | 2.0% | 2.8% in SKYY |
| RUBRIK INC A RBRK | 2 of 8 | 1.6% | 2.1% in WCLD |
| PALANTIR TECHNOLOGIES CLASS A PLTR | 1 of 8 | 9.1% | 9.1% in IGV |
| SNOWFLAKE INC. | 1 of 8 | 6.3% | 6.3% in CLOU |
| DATADOG, INC. | 1 of 8 | 6.3% | 6.3% in CLOU |

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.

### The 8 largest cloud computing ETFs

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 .

- IGV iShares Expanded Tech-Software Sector ETF $14.3bn 0.38%

- SKYY First Trust Cloud Computing ETF $3.5bn 0.60%

- XSW State Street SPDR S&P Software & Services ETF $498m 0.35%

- CLOU Global X Cloud Computing ETF $414m 0.68%

- WCLD WisdomTree Cloud Computing Fund $245m 0.45%

- FCLD Fidelity Cloud Computing ETF $147m 0.39%

- CLOD Themes Cloud Computing ETF $2.2m 0.35%

- XIGV Defiance US 100 Tech Ex Software ETF $229,109 0.65%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs its benchmark 1Y | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IGV | iShares Expanded Tech-Software Sector ETF | iShares | $14.3bn | 80.1% | 92.4% | −4.5% | not measured | 0.38% |
| SKYY | First Trust Cloud Computing ETF | First Trust | $3.5bn | 39.6% | 86.2% | +21.8% | +8.2 pts vs VOO | 0.60% |
| XSW | State Street SPDR S&P Software & Services ETF | State Street | $498m | 21.0% | 95.6% | +5.6% | not measured | 0.35% |
| CLOU | Global X Cloud Computing ETF | Global X | $414m | 33.1% | 93.4% | +26.0% | not measured | 0.68% |
| WCLD | WisdomTree Cloud Computing Fund | WisdomTree | $245m | 15.7% | 98.2% | +28.5% | not measured | 0.45% |
| FCLD | Fidelity Cloud Computing ETF | Fidelity | $147m | 51.0% | 91.6% | +46.9% | not measured | 0.39% |
| CLOD | Themes Cloud Computing ETF | Themes | $2.2m | 69.9% | 86.7% | +1.1% | not measured | 0.35% |
| XIGV | Defiance US 100 Tech Ex Software ETF | Defiance | $229,109 | 90.8% | 60.4% | first traded 120 days ago | · | 0.65% |

### How much of each pair is the same fund

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%.

| | IGV | SKYY | XSW | CLOU | WCLD | FCLD | CLOD | XIGV |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IGV | · | 23% | 33% | 19% | 24% | 25% | 58% | 1% |
| SKYY | 23% | · | 26% | 34% | 41% | 36% | 30% | 6% |
| XSW | 33% | 26% | · | 15% | 39% | 19% | 16% | 1% |
| CLOU | 19% | 34% | 15% | · | 33% | 35% | 28% | 3% |
| WCLD | 24% | 41% | 39% | 33% | · | 31% | 22% | 0% |
| FCLD | 25% | 36% | 19% | 35% | 31% | · | 30% | 4% |
| CLOD | 58% | 30% | 16% | 28% | 22% | 30% | · | 9% |
| XIGV | 1% | 6% | 1% | 3% | 0% | 4% | 9% | · |

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.

### What each fund holds alone

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| IGV | DESCARTES SYSTEMS GROUP DSGX | 0.3% | 0.7% |
| SKYY | Arista Networks, Inc. ANET | 3.0% | 12.3% |
| XSW | RAPID7 INC RPD | 1.2% | 19.5% |
| CLOU | Sinch AB (publ) | 2.4% | 5.2% |
| WCLD | CELLEBRITE DI LTD CLBT | 1.5% | 2.9% |
| FCLD | SANDISK CORP/DE | 6.1% | 17.4% |
| CLOD | SAP SE SAP | 3.5% | 13.8% |
| XIGV | Apple Inc AAPL | 5.7% | 87.5% |

### Questions people ask

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’s 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

The issuers behind these cloud computing funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.

| Issuer | What they publish | Kind |
| --- | --- | --- |
| iShares | iShares Portfolio Insights | Their research index |
| First Trust | First Trust Investment Insights | Their research index |
| Global X | Global X Insights, including The Next Big Theme | Their research index |
| WisdomTree | WisdomTree blog | Their research index |
| Themes | Themes ETFs: why cloud computing | On this theme |
| Defiance | Defiance Insights | Their research index |

### Where to next

### Sources

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ETFIQ is an independent publisher and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Cloud computing ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/cloud
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