Cloud computing exchange-traded funds (ETFs) give investors diversified exposure to companies powering one of the most important layers of modern tech. While artificial intelligence grabs headlines, cloud infrastructure and software remain the backbone that enables AI, cybersecurity, and digital services to work at scale, and the market is still growing rapidly. The global cloud computing market was valued at $752 billion in 2024 and is projected to reach $2.4 trillion by 2030, according to Grand View Research.
Cloud computing enables businesses to store data, run applications, and manage operations over the internet. That ecosystem spans infrastructure leaders like Amazon's (AMZN +2.05%) Amazon Web Services, software platforms such as Salesforce (CRM -3.42%), and many firms in between. Rather than betting on a single stock, cloud computing ETFs bundle dozens of these companies into one investment.
For investors, that means instant diversification, access to leading tech innovators, and exposure to long-term growth trends, without the added risk of picking individual winners. Cloud ETFs can be an efficient way to participate in ongoing digital transformation while spreading risk across the broader cloud landscape.
Seven best cloud computing ETF investments in 2026
Offering low fees and instant diversification for your portfolio, here are the seven best cloud computing ETF investments in 2026, along with their holdings, company goals, and expense ratios.
1. First Trust Cloud Computing ETF
NASDAQ: SKYY
Key Data Points
With about $2.4 billion in net assets, the First Trust Cloud Computing ETF (SKYY -3.41%) aims to match the performance of the ISE CTA Cloud Computing index. The index comprises 63 stocks engaged in the cloud computing industry.
In addition to leading platform-as-a-service stocks, like Alphabet (GOOG -0.20%) (GOOGL -0.41%) and IBM (IBM -2.71%), this ETF holds computer networking equipment manufacturer stocks like Arista Networks (ANET +0.84%) and infrastructure-as-a-service (IAAS) and SaaS stocks such as Microsoft (MSFT -0.60%).
Over the 10-year period ending in mid-March 2026, the First Trust Cloud Computing ETF delivered a total return of 318%. The ETF has a 0.60% expense ratio, and it's rebalanced quarterly.
2. Global X Cloud Computing ETF
NASDAQ: CLOU
Key Data Points
Investors looking for a greater growth opportunity will likely be drawn to the Global X Cloud Computing ETF (CLOU -5.93%). Striving to match the performance of the Indxx Global Cloud Computing index, the Global X Cloud Computing ETF had 37 holdings and $211 million in net assets in March 2026.
The fund leans toward more speculative investments, such as two of its five largest positions: Akamai (AKAM -16.70%), which specializes in cloud and cybersecurity solutions, and Twilio (TWLO -5.78%), which offers a cloud communications platform. With a 0.68% expense ratio, this ETF had provided a 34.3% total return from its April 2019 inception through mid-March 2026.
3. WisdomTree Cloud Computing Fund
NASDAQ: WCLD
Key Data Points
The WisdomTree Cloud Computing Fund (WCLD -5.01%) represents another stellar opportunity for those seeking high growth potential. The fund strives to match the performance of the BVP Nasdaq Emerging Cloud index, which WisdomTree characterizes as an index of "emerging public companies focused on delivering cloud-based software to customers."
While the WisdomTree Cloud Computing Fund holds industrials, financials, and healthcare stocks, its information technology holdings account for the lion's share -- about 93.6%. Enabling users to build and manage websites, Wix.com (WIX -3.59%) is the ETF's largest position, while cloud infrastructure provider Fastly (FSLY -21.69%) and Internet of Things specialist Samsara (IOT -3.72%) represent other prominent holdings.
From its inception in September 2019 through mid-March 2026, the WisdomTree ETF, which has a moderately low 0.45% expense ratio, had climbed 13.9%.
4. iShares Expanded Tech-Software Sector ETF
NYSEMKT: IGV
Key Data Points
Since its launch in July 2001, the iShares Expanded Tech-Software Sector ETF (IGV -2.57%) has enabled investors to gain exposure to the software industry, as well as interactive home entertainment and interactive media stocks. For those seeking broad exposure to cloud stocks, this ETF is worth further investigation.
Microsoft and Palantir (PLTR -1.87%) represent the two largest positions of the 114 holdings, with a combined weighting of 18%. Other cloud computing leaders, such as Oracle (ORCL +0.17%) and Salesforce, are also prominently featured among the fund's top five largest positions.
For the 10-year period ending in mid-March 2026, the iShares Expanded Tech-Software ETF had soared 356.4%. Investors looking for low management fees will find the ETF appealing, given its 0.39% expense ratio.
5. Fidelity Cloud Computing ETF
NYSEMKT: FCLD
Key Data Points
Another lower-cost option for cloud computing investors is the Fidelity Cloud Computing ETF (FCLD -1.83%), with its 0.39% net expense ratio. With almost $89 million in net assets, this ETF aims to match the performance of the Fidelity Cloud Computing index, which tracks companies that facilitate the adoption of cloud computing.
Microsoft, Salesforce, and ServiceNow (NOW -7.58%) represent the three largest positions in the ETF, which has 53 holdings. In addition to cloud computing specialists, the fund includes data center real estate investment trusts (REITs), such as Equinix (EQIX -0.13%) and Digital Realty Trust (DLR +0.29%), that provide the physical infrastructure for cloud computing and other cloud-related stocks.
The ETF doesn't have a long history, so it's important to take its performance with a grain of salt. Since the fund's October 2021 inception, its value had risen about 10% through mid-March 2026.
6. ProShares Ultra Nasdaq Cloud Computing ETF
NASDAQ: SKYU
Key Data Points
Unlike the other funds on the list, the ProShares Ultra Nasdaq Cloud Computing ETF (SKYU -6.89%) is a leveraged ETF, so it represents a higher degree of risk than the other ETFs on this list. With that greater risk, however, comes the potential for a greater reward.
The ProShares Ultra Nasdaq Cloud Computing ETF aims to produce daily results (before fees and expenses) that are twice the daily performance of the ISE CT A Cloud Computing index, which is composed of companies largely involved in the cloud computing industry.
The ETF doesn't provide a long history to gauge its performance. Since its January 2021 inception, the fund posted a negative 34.7% return through mid-March 2026.
For investors looking to keep costs down, the ETF may not be the best choice, as it has a net expense ratio of 0.95%.
7. Themes Cloud Computing ETF
NASDAQ: CLOD
Key Data Points
The youngest ETF on the list, the Themes Cloud Computing ETF (CLOD -2.39%), first presented an investment opportunity for investors in December 2023. The Themes Cloud Computing ETF aims to deliver results that generally track the price and yield performance (before fees and expenses) of the Solactive Cloud Computing index.
This index includes the 50 largest companies by market capitalization across various cloud computing businesses. These include digital security, e-commerce infrastructure, data infrastructure, data architecture, internet infrastructure, and data support.
The ETF has an expense ratio of 0.35%. Alphabet is its largest holding, while cybersecurity specialist CrowdStrike (CRWD -3.86%) and Amazon rounded out the top three of 56 holdings in mid-March 2026.
How to invest in cloud computing using ETFs
Before clicking the buy button on one of the best cloud ETFs, investors must conduct their due diligence by researching the various options to determine whether the fund's holdings, goals, and expense ratios align with their own interests. Here are the steps to take to invest in a cloud technology ETF:
- Open your brokerage app: Log in to your brokerage account where you manage your investments.
- Search for the stock: Enter the stock ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select the order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should you invest in cloud computing ETFs?
Numerous companies are relying on the cloud to fortify their business, making cloud computing stocks a logical consideration for investors. Here are some of the potential benefits of an investment in cloud computing ETFs:
- Potential for strong growth since the cloud computing market is expected to increase substantially over the coming years.
- Portfolio diversification.
- Exposure to a diverse assortment of industries that are adopting cloud computing solutions.
Of course, there are also risks that investors must acknowledge before buying cloud computing ETFs:
- In a market downturn, companies may curb spending and delay adopting cloud computing solutions.
- A more compelling technology may emerge, making cloud computing less desirable.
- Cloud computing companies may invest heavily in research and development (R&D), risking near-term profit growth for long-term success.
Strategies for investing in cloud computing ETFs
While cloud computing ETFs may represent a somewhat newer investment option, there are some tried-and-true strategies that will behoove investors to follow. Since cloud computing ETFs often exhibit higher volatility than the S&P 500 -- known as high betas -- investors must remember to remain calm during periods of volatility. A wild swing in the ETF's price will likely not be an indication that it's time to move the ETF out of one's portfolio.
Another practical pearl of wisdom to remember is that even for those bullish on cloud computing ETFs, it's important to be mindful of ensuring that one has adequate portfolio diversification. If a cloud computing ETF represents a heavy weighting among one's holdings, it may be time to trim the position and reallocate some of the available capital.
Future outlook for cloud computing ETFs
With the rapidly escalating adoption of AI computing occurring among various industries, cloud computing infrastructure will certainly remain in high demand. Investors should look for signs that the AI industry is continuing to grow as well as machine learning and big data analytics to confirm that the cloud computing industry is proceeding to flourish.
Related investing topics
FAQ
Cloud computing ETF FAQ
About the Author
