Lab · Sector Engine · Tech theme
Cloud Software
Cloud-native software companies — SaaS platforms, PaaS providers, infrastructure software. Distinct from Hyperscalers in that their primary revenue is recurring software, not capacity rental. Heavy ServiceNow / Snowflake / CrowdStrike / Datadog / Cloudflare exposure.
Primary ETF: WCLD.US · Alternates: SKYY.US · CLOU.US
Snapshot Jun 23, 2026 · refreshed daily.
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Cloud Software vs Global Tech
How WCLD.US performs against the GICS Tech sector aggregated across our four regions (US 0.66 / Europe 0.17 / Asia-Pac DM 0.06 / EM 0.11). Positive numbers mean this theme is outperforming the broader sector.
| Window | Cloud Software (WCLD.US) | Global Tech | Spread |
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All 7 Tech themes side-by-side
The full theme block sorted by 1-month return. Click a theme to drill in.
| Theme | 5d | 1m | 3m | YTD | Source |
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Closelook IP overlap
Closelook-proprietary indices that overlap this theme. None is a one-to-one match — the indices are screen-driven (functional, hypergrowth, agentic), the theme ETFs are taxonomy-driven. Use the indices for the strategy view, the theme ETF for the unfiltered exposure.
Diary view, not advice. Methodology in methodology.md. Back to Technology sector · global heatmap.