Best cloud ETFs to buy in 2023

The Cloud industry renewed appeal for investors at the peak of the pandemic as the world adjusted to a new virtual reality. This page provides a selection of the best Cloud ETFs this year.
Updated: Oct 11, 2022

Get started in minutes with our preferred broker, eToro.


77% of retail CFD accounts lose money.

Visit site

With more cloud companies crowned unicorns every year, investors are optimistic that the appetite for strong cloud computing businesses will continue to grow. This beginners’ guide has selected the best cloud ETFs that you can use to gain exposure to this market.

What are the top cloud ETFs to buy?

Our analysts have selected five of the best cloud ETFs for this year as displayed in the table below. Continue scrolling further to learn more about each in turn.

#ETF symbolETF nameWhere to Trade
1CLOUGlobal X Cloud Computing ETF

77% of retail CFD accounts lose money.

2WCLDWisdomTree Cloud Computing ETF

77% of retail CFD accounts lose money.

3VCLOSimplify Volt Cloud and Cybersecurity Disruption ETF

77% of retail CFD accounts lose money.

4SKYUProShares Ultra NASDAQ Cloud Computing ETF

77% of retail CFD accounts lose money.

5SKYYFirst Trust Cloud Computing ETF

77% of retail CFD accounts lose money.

List chosen by our team of analysts, May 2023

1. Global X Cloud Computing ETF (NASDAQ: CLOU)

CLOU is an ETF that seeks to align with the performance and yield of the Indxx Global Cloud Computing Index. It has 35 holdings in global companies dedicated to benefits from the increased adoption of cloud computing technology. CLOU has grown steadily since its inception and provided periods of high returns to its investors.

New investors interested in CLOU should note that the fund’s top 10 holdings comprise over 40% of its net assets, making them pivotal to the fund’s performance. They should also bear in mind that despite an intended global focus, 85% of the fund’s holdings are US-based companies. Therefore, there are potential niche specific-holding and geographical market risks you must evaluate before investing in the fund. 

77% of retail CFD accounts lose money.

2. WisdomTree Cloud Computing ETF (NASDAQGM: WCLD)

WCLD is a fund that corresponds with the BVP Nasdaq Emerging Cloud Index. It is an ideal investment for gaining exposure to emerging and disruptive US companies that are focused on cloud software and services. You should invest in WCLD if you are interested in tapping into some of the most disruptive companies in the world.

The fund has 59 holdings in mostly large to mid sized companies, this entails that it poses a slightly lower margin of risk in this space as its holdings are sizable. Furthermore, its net assets are relatively evenly spread across its holdings, reducing specific-holding risk. As such, cloud investors with lower than average risk appetites should consider adding WCLD to their portfolio.

77% of retail CFD accounts lose money.

3. Simplify Volt Cloud and Cybersecurity Disruption ETF (NYSEARCA: VCLO)

VCLO is a fund that seeks to provide capital appreciation through its holdings in both company stocks and financial options. The fund is actively-managed and has a thematic investment strategy: it invests in the most dynamic companies that are on the verge of dominating the new era of cloud, while bolstering the exposure with options contracts.

This is a high-risk and high-reward fund, ideally suited for more seasoned investors that have an acute understanding of market volatility. Investing in speculative growth with options calls is a very technical investment strategy and it may not always provide consistent returns. You must do your own risk assessment and due diligence before adding VCLO to your portfolio.

77% of retail CFD accounts lose money.

4. ProShares Ultra NASDAQ Cloud Computing ETF (NASDAQGM: SKYU)

SKYU is a fund that aims to correspond with two times the daily performance of the ISE CTA Cloud Computing Index. Its holdings are in companies classified as cloud computing and companies that are engaged in infrastructure-as-a-service, platform-as-a-service, and software-as-a-service.

Its top 10 holdings include sector giants: Alphabet, Microsoft, Amazon, and Alibaba. New investors can be assured that well-reputed companies mean lower risk of investment. SKYU is appealing with its ambitious goals of return and if interested, you should weigh its addition against the balance of your portfolio.

77% of retail CFD accounts lose money.

5. First Trust Cloud Computing ETF (NASDAQGM: SKYY)

SKYY is a fund that reflects the price and yield of the ISE CTA Cloud Computing Index. Its 69 holdings are companies that deliver cloud computing services, provide platforms for cloud computing services, and develop software for cloud computing services. It must be noted that the fund is very similar to the aforementioned ETF, SKYU. 

Both ETFs track the ISE CTA Cloud Computing Index and both ETFs have reputed sector giants in their holdings. The main difference is that SKYU poses slightly more risk as it aims to yield twice the daily performance of the index. Investors should therefore consider either SKYU or SKYY based on their particular risk appetite. 

77% of retail CFD accounts lose money.

Where to buy the best cloud ETFs

Registering with an online broker is key for investing in an ETF. ETFs are like individual stocks, you can buy or sell them as you wish. The table below features our preference of the best brokers that offer cloud ETFs.

Min. Deposit
$ 10
Best offer
User Score
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
$ 0
Best offer
User Score
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
Min. Deposit
$ 100
Best offer
User Score
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

What is a cloud ETF?

It’s an exchange traded fund that holds shares in companies trading within the cloud industry. Cloud ETFs provide investors with affordable exposure to this disruptive industry as compared to other options. These funds normally hold growth stocks, but cloud computing tends to deliver even higher returns than broad growth equity benchmarks.

These ETFs are ideal for investors that have a future outlook. As most growth companies are speculative investments, you have to decide your budget according to money that you can afford to lose when you invest in the cloud sector. Recall that there is always high risk tied in with the potential of high reward.

Are cloud ETFs a good investment?

Yes, as you can stand to gain high returns from investing in cloud ETFs. With an industry valuation that is greater than the individual Gross Domestic Products of 87% of the world’s countries, Nearly every company in the cloud industry is worth over a billion USD, and the current valuation for the industry stands at over 500 billion USD. 

Cloud ETFs hold growth stocks and these companies are prone to volatility. They are expected to be worth billions of dollars someday, but more often than not, the journey to that valuation has several market speed bumps in price due to several factors beyond your control (i.e. periods of inconsistent company growth, interest rates, etc). 

Therefore, with the right cloud ETF, it often takes being patient and having diamond hands to see a return in your investment. You must do your due diligence and actively stay updated on the movements in the market. To help you best place your investment, we have provided the necessary resources and news about cloud ETFs in the links below.

Latest airline ETF news

If you follow IPO news, then you’ll know that every year sees a handful of companies considering initial public offerings have generated the most buzz among stock market investors. In most cases, the anticipation is always around companies seen as having the potential to be major players in…
Nvidia Corporation (NASDAQ: NVDA) seems to be in a league of its own in terms of capitalising on rapid growth in artificial intelligence, as per the famed investor Jim Cramer. Jim Cramer is now all praise for Nvidia stock Earlier this week, the semiconductor behemoth guided for about $11 billion…
JPMorgan Chase & Co (NYSE: JPM) is working on a software similar to ChatGPT that will use artificial intelligence to offer investment advice. Here’s what we know so far On Thursday, the financial services behemoth filed with the U.S. Patent and Trademark Office (PTO) to trademark IndexGPT – a…
Toll Brothers Inc (NYSE: TOL) is already up 30% for the year but an RBC Capital analyst says the stock is still relatively inexpensive to own. Toll Brothers stock has another 15% upside On Thursday, Mike Dahl upgraded the luxury homebuilder to “outperform” and raised his price objective to…
Shares of Dollar Tree Inc (NASDAQ: DLTR) are down 15% on Thursday after the discount retailer said it missed earnings estimates in its fiscal first quarter. Dollar Tree stock down on slashed guidance The stock is taking a hit also because the management cited “elevated shrink” and trimmed profit…

Sources & references
Risk disclaimer
Srijani Chatterjee
Financial Writer
Srijani is the quintessential Third Culture Kid having grown up in India, Singapore, Malaysia, The Netherlands, Scotland, and England. She still loves to travel and speaks… read more.