Summary
Themes Cloud Computing ETF is an ETF - a fund traded on an exchange like a stock - run by Themes. Positions inside: 57. The ten largest make up 48% of the fund.
- Yearly costs
- 0.35%
- Fund size
- $2.06M
- Positions
- 57
- Dividend yield
- 1.39%
- Running since
- 2023
What speaks for it
- Costs of 0.35% a year are below the middle of comparable funds (0.44%).
What to watch
- 83% of the fund is in one sector (Technology).
- 85% of the fund is in one country (United States).
- In the last five years its price once dropped by 32% from its high.
- A young fund: it has been running only since 2023.
- A small fund with $2.06M under management; small funds get closed more often.
- It trades little: only about $17.9K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.8%
- 3 months
- +9.4%
- This year
- +5.6%
- 1 year
- -1.0%
- Avg. market cap
- $615.3B
- P/E
- 29.7x
- Forward P/E
- 23.5x
- P/S
- 7.5x
- P/B
- 6.8x
- P/FCF
- 23.2x
- EV/EBITDA
- 22.2x
- Dividend yield
- 0.36%
- ROIC
- 11.5%
- ROE
- 26.1%
- Gross margin
- 72.3%
- Operating margin
- 11.0%
- Net margin
- -58.8%
- Payout ratio
- 10.8%
- Net debt/EBITDA
- 1.5x
- Beta
- 1.15
Weighted average of the 49 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 CRSalesforce CRM 6.0%
- 2 SASAP SE SAP.DE 5.9%
- 3 MSMicrosoft MSFT 5.7%
- 4 NOServiceNow NOW 5.3%
- 5 CRCrowdStrike CRWD 4.9%
- 6 PAPalo Alto Networks PANW 4.4%
- 7 AMAmazon AMZN 4.2%
- 8 GOAlphabet GOOGL 3.9%
- 9 OROracle ORCL 3.8%
- 10 FTFortinet FTNT 3.7%
Positions in the fund: 57. The ten largest make up 48% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 83%
- Consumer cyclical 8.7%
- Communication services 7.8%
- Financials 0.3%
- Industrials 0.2%
By country
- United States 85%
- Germany 5.9%
- Uruguay 3.1%
- Netherlands 3.0%
- Other countries 2.7%
By company size
- Mega cap 33%
- Large cap 66%
- Mid cap 1.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (83%). Largest country: United States (85%). Largest size group: Large cap (66%).
What does it cost me?
Cheap- A year from $10,000
- $35.00
- Over 20 years
- $1,714
From every $10,000 invested the fund takes $35.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,714.
How has it done?
Losing value- Over the last year
- -1.0%
- Deepest drop
- -32%
- Yearly volatility
- 29%
Decline over the last year: 1.0%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.39%
- Last payment
- $0.48
Over the last 12 months it paid $0.48 per share, which is 1.39% of today's price. The last payment was $0.48 on Dec 18, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $17.9K
- Shares a day
- 520
On an average day about $17.9K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 29.7
- Average Bulios Score
- 64 out of 100
Weight by Bulios Fair Price
- Undervalued 16%
- Fairly valued 0.3%
- Overvalued 83%
On average the companies inside trade for 29.7 times their yearly profit. By Fair Price, 83% of the rated weight comes out as overvalued.
Counted from its largest companies (49), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IG IGV iShares Expanded Tech-Software Sector ETF | United States | 0.38% | $14.5B | -7.4% | Pays out | 60% |
FS FSCSX Fidelity Select Software & IT Services Portfolio· mutual fund | - | - | $7.41B | -15% | Pays out | 51% |
OG OGIG ALPS O'Shares Global Internet Giants ETF | United States | 0.48% | $99.7M | -12% | Pays out | 48% |
EB EBUY.DE Amundi MSCI Digital Economy UCITS ETF Acc | Luxembourg | 0.45% | $122.2M | +24% | Reinvests | 43% |
EB EBUY.SG Amundi MSCI Digital Economy UCITS ETF Acc | Luxembourg | 0.45% | $120.9M | +22% | Reinvests | 43% |
XD XDAT Franklin Exponential Data ETF | United States | 0.50% | $3.24M | -4.7% | Pays out | 42% |
