Global X Cloud ETF Volatility
| CLOU ETF | USD 22.13 -0.35 -1.56% |
Sharpe Ratio = 0.1213
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Latest disclosures for Global X Cloud show a Market Risk Adjusted Performance of 0.5%, a Risk of 2.23, and a Risk Adjusted Performance of 0.1%. Moving average data positions the ETF near 9% of its recent return envelope.
Key indicators related to Global X's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Global X (3 Months):
Beta 0.61 | Alpha 0.27 | Risk 2.23 | Sharpe Ratio 0.12 | Expected Return 0.27 |
Assets With Similar Volatility
| 0.71 | VGT | Vanguard Information Technology | PairCorr |
| 0.72 | XLK | Technology Select Sector Aggressive Push | PairCorr |
| 0.72 | IYW | iShares Technology ETF | PairCorr |
| 0.68 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.68 | SOXX | iShares Semiconductor ETF | PairCorr |
| 0.87 | CIBR | First Trust NASDAQ | PairCorr |
| 0.71 | FTEC | Fidelity MSCI Information | PairCorr |
| 0.81 | IGV | iShares Expanded Tech Software | PairCorr |
| 0.65 | FDN | First Trust Dow | PairCorr |
| 0.69 | CSCO | Cisco Systems Earnings Call Tomorrow | PairCorr |
Lower Correlation Assets
Sensitivity To Market
Beta analysis for Global X Cloud evaluates how its price movements correlate with the broader market. With a beta of 0.61, Global X reflects measurable exposure to systematic risk. Observed total volatility stands near 2.23%. Asymmetric risk in Global X Cloud is visible through downside-focused metrics. Downside deviation reads 2.5% and semi-deviation reads 2.25%, isolating the loss-side component of total return variability. Options markets imply a forward-looking volatility estimate near 45.0%. This indicates expectations for moderate future movement relative to historical averages. ETF volatility often reflects both the underlying basket and the trading layer. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available. Spread stability also shapes short-term movement.
3 Months Beta |Global X Cloud Demand TrendCurrent 90-day Global X correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation reading for Global X summarizes how concentrated or dispersed daily returns have been around their mean. Volatile instruments have higher standard deviations; stable ones have lower. When Global X standard deviation rises relative to its historical range, it signals a regime change in price behavior. Annualizing the daily figure scales Global X standard deviation to a time horizon more commonly used in risk budgeting.
Standard Deviation | 2.23 |
Standard deviation and downside deviation are complementary tools for assessing Global X's risk. Downside deviation or semi-deviation of Global X's returns isolates the loss-side component of total variability. For Global X, understanding the difference between standard deviation and downside deviation is analytically important. Semi-deviation of Global X's returns captures only losses, providing a more focused risk measure. Latest disclosures for Global X Cloud show a Downside Deviation of 2.50, a Downside Variance of 6.25, and a Maximum Drawdown of 9.38.
Global X Put Option Risk Profile Based on 2026-06-18 Contracts
Latest disclosures for Global X Cloud show an Option Implied Volatility of 0.45 and an Option Max Pain Price of 23. Put options on Global X are a widely referenced risk management instrument. By purchasing a put on Global X ETF, the holder secures the right to sell at the strike regardless of how far Global X's drops. Put options on Global X are commonly referenced by both institutional and retail participants in the context of long-position coverage. Put options on Global X are often used as insurance against a decline in Global X's price.
Global X's PUT expiring on 2026-06-18
Profit |
| Global X Price At Expiration |
Current Global X Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
| Put | CLOU260618P00017000 | -0.114914 | 0.032618 | 45 | 2026-06-18 | 0.0 - 0.75 | 0.0 | View |
| Put | CLOU260618P00019000 | -0.156204 | 0.056978 | 45 | 2026-06-18 | 0.0 - 0.75 | 0.0 | View |
| Put | CLOU260618P00020000 | -0.177715 | 0.082322 | 8 | 2026-06-18 | 0.2 - 0.45 | 0.0 | View |
| Put | CLOU260618P00023000 | -0.611391 | 0.263265 | 20 | 2026-06-18 | 0.15 - 1.55 | 0.0 | View |
ETF Volatility Analysis
In evaluating Global X as an investment, volatility is a primary indicator of risk. High volatility generally means the ETF price moves dramatically in a short period of time. Lower risk tolerance generally corresponds to preference for ETFs exhibiting lower volatility. Volatility metrics inform stop-loss placement and exposure calibration for Global X.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Global X Cloud's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Given a 90-day horizon, Global X has a beta of 0.6086 suggesting as returns on the market go up, Global X's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding Global X Cloud tends to be smaller as well.Global X volatility reflects broader ETF market cycles alongside company or sector-specific developments. Diversified portfolios reduce specific exposure but not systemic risk. Latest disclosures for Global X Cloud show a Downside Deviation of 2.50, a Mean Deviation of 1.63, and an Option Implied Volatility of 0.45.
Predicted Return Distribution |
| Density |
What Drives Global X's Price Volatility?
Holdings and Allocation
Concentration changes and sector rotation within the Technology category often influence how investors price Global X's risk.Political and Economic Environment
Macro data and central-bank signals can change valuation assumptions and short-term positioning around Global X.Global X's Fund-Specific Factors
Creation and redemption activity, bid-ask spreads, and NAV premium or discount can trigger intraday volatility clusters.ETF Risk Measures
Given a 90-day horizon, the coefficient of variation of Global X is 824.28. The daily returns are distributed with a variance of 4.98 and standard deviation of 2.23. The mean deviation of Global X Cloud is currently at 1.64. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.95
α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 2.23 | |
Ir | Information ratio | 0.12 |
ETF Return Volatility
Daily return volatility for Global X measures how far ETF returns deviate from their average on a day-to-day basis. The exchange-traded fund shows 2.2317% volatility of returns over 90 trading days. For comparison, Dow Jones Industrial reported 0.9314% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Global X Constituents Risk-Adjusted Indicators
Evaluating Global X ETF requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKCH | 3.55 | 0.76 | 0.20 | 0.24 | 3.31 | 7.76 | 23.24 | |||
| WCLD | 2.03 | 0.13 | 0.04 | 0.28 | 2.91 | 3.96 | 12.23 | |||
| GREK | 1.55 | -0.06 | 0.00 | -0.02 | 0.00 | 3.93 | 9.29 | |||
| PSCT | 1.64 | 0.44 | 0.21 | 0.29 | 1.73 | 3.83 | 8.14 | |||
| LRGG | 0.79 | 0.04 | 0.03 | 0.08 | 0.88 | 1.61 | 3.87 | |||
| HEQT | 0.43 | 0.03 | 0.02 | -1.36 | 0.54 | 0.87 | 2.62 | |||
| GMAY | 0.28 | 0.03 | 0.05 | 0.11 | 0.26 | 0.63 | 1.95 | |||
| BGIG | 0.48 | -0.01 | -0.03 | 0.00 | 0.62 | 0.82 | 2.95 | |||
| DOCT | 0.37 | 0.05 | 0.09 | 0.12 | 0.31 | 0.67 | 1.87 | |||
| JULW | 0.27 | 0.04 | 0.05 | -0.99 | 0.23 | 0.65 | 1.52 |
Risk Metrics, Assumptions & Methodology
Return dispersion for Global X quantifies how far daily or periodic returns deviate from the average across the measurement window. Return scatter increases when new information or regime shifts widen the distribution of outcomes.
Global X Cloud data is compiled from fund disclosures and market reference feeds and standardized for comparability. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Michael Smolkin, Member of Macroaxis Board of Directors
Volatility Profile Summary
Recent data suggests that Global X Cloud is more volatile than Dow Jones Industrial by approximately 2.4x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 20% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Global X Cloud exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This price-change note interprets the latest move in the context of short-horizon trading behavior. It is intended to separate routine noise from more speculative bursts in price action. a somewhat bearish sentiment with potential for near-term correction. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Global X probability analysis.
Good diversification
The correlation between Global X and Dow Jones is 0.19, which Macroaxis classifies as Good diversification for the selected horizon. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Additional Risk Indicators
Secondary risk indicators for Global X Cloud evaluate exposure beyond standard deviation, beta, or one headline volatility measure. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.
| Risk Adjusted Performance | 0.1286 | |||
| Market Risk Adjusted Performance | 0.4648 | |||
| Mean Deviation | 1.63 | |||
| Semi Deviation | 2.25 | |||
| Downside Deviation | 2.5 | |||
| Coefficient Of Variation | 775.37 | |||
| Standard Deviation | 2.22 |
Global X Suggested Diversification Pairs
A pair-trading setup around Global X shifts the return benchmark from the broad market to a second position, altering the risk profile. This structure emphasizes relative performance differences between paired assets rather than broad market direction.
Pair diversification lowers aggregate risk, though certain risk categories remain unaffected regardless of how positions are paired. Systematic risk - the risk tied to the broad market - cannot be eliminated by pairing Global X with another position. However, Global X's company-specific risk can be partially offset by selecting a pair that does not move in lockstep with Global X Cloud.