CLOU’s worst drop since 2019 was 54%
Global X Cloud Computing ETF (CLOU) fell 54% from Nov 2021 to Nov 2022. It has not closed above that Nov 2021 peak since, 4.9 years later. Over the same years the S&P 500 fell as much as 34%.
That drop ranks 96th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2019 to now
How CLOU held up in each crash
| Crash | Years | CLOU | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −30.8% | −33.7% |
| 2022 rate shock | 2022 | −44.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was CLOU’s maximum drawdown?
CLOU’s deepest fall since 2019 was 53.8%, from its high on November 4, 2021 to its low on November 9, 2022. The figure uses daily prices with dividends reinvested.
How long did CLOU take to recover?
It has not recovered yet. As of October 13, 2026 it sits 6.0% below that Nov 2021 high.
Was CLOU riskier than the S&P 500?
Over the same years, CLOU’s worst drop was 53.8% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −53.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, April 17, 2019 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.