Global X Cloud Computing ETF (CLOU) is a AI and software ETF. As of October 9, 2026, ETF Copilot scores CLOU 3.5 out of 10 — highest on Growth (6.2), lowest on Quality (0.6). It trades at 33.0 times earnings, against its own median of 34.8. Its ten largest holdings are 50% of the fund.
What stands out in CLOU's data
Cloud computing firms, from software to infrastructure providers.
Earns far less on its capital than the typical software and AI fund — its growth story has yet to show up in profits.
Return on invested capital of 4.0% trails the category median of 23.7%, landing behind most peers. An expense ratio of 0.68% runs above average, and the fund pays no dividend.
A growth-sector bet that has yet to deliver on its promise — for portfolios with patience.
Why did CLOU move this week? It rose 4.5% in the week to October 9, 2026 — Zscaler and Snowflake drove it
CLOU rose 4.5% in the week to October 9, 2026. The holdings that moved it most were Zscaler (+18.9%), Snowflake (+8.2%) and Datadog (+5.8%); Digitalocean (−3.7%) pushed the other way.
How is CLOU rated? ETF Copilot scores Global X Cloud Computing ETF (CLOU) 3.5 out of 10
As of October 9, 2026, ETF Copilot scores Global X Cloud Computing ETF (CLOU) 3.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.5 / 10
- Growth: 6.2 / 10
- Value: 5.7 / 10
- Risk: 0.8 / 10
- Quality: 0.6 / 10
- Return: 3.1 / 10
Is CLOU expensive right now? It trades at 33.0 times earnings, against its own median of 34.8
As of October 9, 2026, CLOU is cheaper than 74% of its own 42 monthly readings since 2022 — 11 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside CLOU? 89% Tech
What's inside CLOU: Size (Large 52%, Mid 31%, Small 17%); Geography (International 10%, US 90%); Tech 88.7%; Magnificent 7 4.5%; AI 18.2%; Memory 0.1%.
What are CLOU's top holdings? The ten largest are 50% of the fund
Snowflake, Datadog, Twilio, Paycom Software, Cloudflare, Zscaler, ServiceNow, Workday, Qualys and Shopify are CLOU's largest holdings, in that order.
Less concentrated than 57% of Software/AI ETFs.
Half of CLOU's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 26 equally weighted holdings.
What is CLOU's expense ratio? 0.68% a year
As of October 9, 2026, CLOU charges 0.68% a year and holds $394M in assets across 38 positions.
| Measure | CLOU |
|---|---|
| Expense ratio | 0.68% |
| Assets under management | $394M |
| Holdings | 38 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Global X Cloud Computing ETF (CLOU) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/clou
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